20:46:20 EDT Fri 31 Jul 2026
Enter Symbol
or Name
USA
CA



West High Yield (WHY) Resources Ltd
Symbol WHY
Shares Issued 124,961,789
Close 2026-07-31 C$ 0.295
Market Cap C$ 36,863,728
Recent Sedar+ Documents

West High Yield closes final tranche of placement

2026-07-31 18:20 ET - News Release

Mr. Frank Marasco Jr. reports

WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. ANNOUNCES FINAL CLOSING OF PRIVATE PLACEMENT

Further to West High Yield (W.H.Y.) Resources Ltd.'s news releases dated May 21, 20226, June 11, 2026, and June 24, 2026, it is closing the final tranche of its previously announced private placement offering of units.

The closing

The closing consisted of the issuance 300,000 units for gross proceeds of $90,000. The units were issued at a price of 30 cents per unit, with each unit consisting of one common share of the company and one-half of one common share purchase warrant. Each full warrant, together with 45 cents, entitles the holder thereof to acquire one additional common share for 12 months from the date of the closing.

The offering

After completion of the closing, the company confirms that it issued a total of 4,423,000 units for total gross proceeds of $1,326,900.00 under the offering. All securities comprising the units issued on the closing are subject to a trading hold period expiring four months plus one day from the date of issuance. The company paid a finder's fee in connection with the offering to one finder, comprising: (i) a cash commission of $1,800.00 (being 6 per cent of the gross proceeds of the offering sourced by said finder); and (ii) 6,000 finders' warrants. The finder's warrant will have identical terms to the warrants.

The acceptance and final approval of the offering, remain subject to approval by the TSX Venture Exchange, which the company has submitted for as of the date of this news release.

The proceeds from the closing have been and will be used by the company to cover essential operations and general working capital purposes and expenses.

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 CO2 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 SEDAR+ profile.

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 press release.

We seek Safe Harbor.

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