23:30:45 EDT Thu 21 May 2026
Enter Symbol
or Name
USA
CA



West High Yield (WHY) Resources Ltd
Symbol WHY
Shares Issued 120,838,789
Close 2026-05-21 C$ 0.33
Market Cap C$ 39,876,800
Recent Sedar+ Documents

West High Yield arranges $1.8-million private placement

2026-05-21 19:43 ET - News Release

Mr. Frank Marasco Jr. reports

WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. ANNOUNCES PRIVATE PLACEMENT OFFERING

West High Yield (W.H.Y.) Resources Ltd. has arranged a non-brokered private placement offering for the sale of up to six million units of the company at a price of 30 cents per unit for aggregate gross proceeds of up to $1.8-million.

Each unit issued under the offering will consist of one common share of the company and one-half of one common share purchase warrant. Each full warrant, together with 45 cents, will entitle the holder thereof to acquire one additional common share for a period of 12 months from its date of issuance. The warrants will not be listed on the TSX Venture Exchange.

The company may pay finders' fees in connection with the offering to eligible finders in accordance with the policies of the TSX-V and applicable Canadian securities laws consisting of: (i) a cash commission of up to 6 per cent of the gross proceeds of the offering; and (ii) common share purchase warrants of up to 6 per cent of the number of full warrants issued under the offering. The finders' warrants will have identical terms to the warrants.

The offering will be completed pursuant to certain exemptions from the prospectus requirements under applicable Canadian securities laws. All securities issued under the offering are subject to a statutory hold period from their date of issue in accordance with applicable Canadian securities laws. None of the units, common shares or warrants will be registered under the United States Securities Act of 1933, as amended, and none may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

The proceeds from the offering will be used to cover essential operations and general working capital purposes and expenses. The offering is subject to certain closing conditions, including, but not limited to, the receipt of all necessary approvals, including the acceptance and approval of the TSX-V.

About West High Yield (W.H.Y.) Resources Ltd.

West High Yield is a publicly traded junior mining exploration and development company, established in 2003, and focused on acquiring, exploring and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, nickel and iron) deposit using green processing techniques to minimize waste and CO2 (carbon dioxide) emissions.

The company's Record Ridge critical mineral deposit, located 10 kilometres southwest of Rossland, B.C., has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101, Standards of Disclosure for Mineral Projects, Preliminary Economic Assessment, technical report (titled "Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada"), prepared by SRK Consulting (Canada) Inc. on April 18, 2013, in accordance with NI 43-101, and which can be found on the company's profile on SEDAR+.

Qualified person

Rick Walker, BSc, MSc, PGeo, the company geologist, is a qualified person as defined in NI 43-101, and has reviewed and approved the technical information in this news release.

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