21:23:54 EDT Thu 11 Jun 2026
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or Name
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CA



West High Yield (WHY) Resources Ltd
Symbol WHY
Shares Issued 120,838,789
Close 2026-06-11 C$ 0.34
Market Cap C$ 41,085,188
Recent Sedar+ Documents

West High Yield wins judicial review petition

2026-06-11 19:35 ET - News Release

Mr. Frank Marasco reports

WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. ANNOUNCES COURT DISMISSES JUDICIAL REVIEW CHALLENGING RECORD RIDGE PROJECT

The Supreme Court of British Columbia has dismissed the judicial review petition challenging the British Columbia Environmental Assessment Office's decision, and has upheld the determination that West High Yield (W.H.Y.) Resources Ltd.'s Record Ridge industrial minerals mine project located near Rossland, B.C., is not subject to an environmental assessment under the British Columbia Environmental Assessment Act.

The decision removes a significant regulatory challenge to the RRIMM project and allows the company to continue advancing the project through the remaining provincial permitting processes, providing greater regulatory certainty and reinforcing confidence among shareholders, project partners, investors and other stakeholders in the project's path toward development.

"We are pleased with the court's decision and appreciate the careful consideration given to this matter," said Frank Marasco, president and chief executive officer of W.H.Y. "The decision removes a key legal barrier to commencing construction of the Record Ridge project, subject to completion of the remaining permits, authorizations and regulatory requirements, which will then allow us to move forward on the project development to honour the definitive offtake agreement that the company signed with Galaxy Trade and Technology (see press release dated March 12, 2026). West High Yield remains committed to responsible development, environmental stewardship, meaningful indigenous partnerships and creating long-term economic opportunities for the region."

The RRIMM project remains subject to extensive regulatory oversight, including multiple provincial permits and approvals under the British Columbia Mines Act, Environmental Management Act, Water Sustainability Act, and other regulatory requirements that impose environmental protection measures, monitoring obligations, reporting requirements and continuing government oversight.

The company has recently achieved several significant permitting milestones, including receiving a draft access permit from the Ministry of Transportation and Transit and a draft Environmental Management Act permit from the Ministry of Environment and Parks. In addition, the company is in the final stages of obtaining its licence to cut from the Ministry of Forests. The company will continue working with regulators to finalize the remaining permits required for construction and operation, and looks forward to advancing the RRIMM project in accordance with all applicable regulatory requirements.

The RRIMM project is a quarry-style industrial mineral project with no on-site chemical processing and no tailings storage facility. The RRIMM project is expected to provide employment, contracting opportunities and economic benefits for the West Kootenay region while supplying critical minerals required for North American advanced manufacturing and industrial supply chains.

The company also acknowledges the continued support of the Osoyoos Indian Band and looks forward to advancing the RRIMM project in partnership with OIB and Skemxist Solutions, a company formed through a partnership between the OIB and the Sutherland group of companies, creating employment and economic opportunities for indigenous and local communities.

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 and nickel) deposit using green processing techniques to minimize waste and carbon dioxide emissions.

The company's Record Ridge critical mineral deposit is located approximately 10 kilometres southwest of Rossland, B.C. Based on the independently prepared National Instrument 43-101 preliminary economic assessment titled "Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada," prepared by SRK Consulting (Canada) Inc. and dated April 18, 2013, the deposit contains a measured and indicated mineral resource of 43.0 million tonnes at an average magnesium grade of 24.61 per cent. This corresponds to approximately 10.6 million metric tonnes of contained magnesium. The technical report was prepared in accordance with National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and is available under the company's profile at SEDAR+.

Qualified person

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

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