West High Yield Resources Ltd. is pleased to announce, further to its news releases of December 13, 2022, December 22, 2022 and January 18, 2023, that it has closed the final tranche of its previously announced private placement offering of ordinary units . The Closing consisted of the issuance of 159,524 Ordinary Units for gross proceeds of $67,000. The Ordinary Units were issued at a price of $0.42 per Ordinary Unit [...]
West High Yield Resources Ltd. is pleased to announce, further to its news releases of December 13, 2022 and December 22, 2022, that it has closed the second tranche of its previously announced private placement offering of ordinary units of the Company . The Closing consisted of the issuance of 309,530 Units for gross proceeds of $130,002.60. The Units were issued at a price of $0.42 per Unit. Each Unit consists of one [...]
West High Yield Resources Ltd. is pleased to announce, further to its news release of December 13, 2022, that it has closed the first tranche of both of its previously announced private placement offerings of flow-through units of the Company and ordinary units of the Company . The Flow-Through Units were issued at a price of $0.50 per Flow-Through Unit and the Ordinary Units were issued at a price of $0.42 per Ordinary [...]
West High Yield Resources Ltd. is pleased to announce the confirmation of additional high-grade gold assays including the identification of visible native gold in drill core from DDH MN22-13 and to provide an update from the 2022 6,000 metre exploration drilling program . The 2022 Program was completed and closed for the winter season on November 15th at the Company's Midnight Gold claim located in the Rossland Gold Camp [...]
West High Yield Resources Ltd. is pleased to announce two concurrent private placement offerings to raise aggregate gross proceeds of up to CAD$1,250,000. GloRes Securities Inc. will act as Agent for the Offerings. The first of the two Offerings shall consist of the sale of up to 1,500,000 units of the Company at a price of CAD$0.50 per Flow-Through Unit for gross proceeds of up to $750,000. Each Flow-Through Unit shall [...]
West High Yield Resources Ltd. is pleased to announce that it has engaged Red Cloud Securities Inc. to initiate and provide market stabilization and liquidity related services pursuant to a Letter Agreement in compliance with the applicable policies of the TSX Venture Exchange. Services Agreement For the provision of services by RCSI under the Agreement, the Company has agreed to pay RCSI a service fee equal to CAD$5,000 [...]
Key Pre-feasibility Study highlights: Robust Project Economics: Post-tax net present value of $871.8 million and post-tax internal rate of return of 72.03% using a long-term magnesia baseline price of $1,500/metric tonne and an exchange rate of CAD$1.00 = US$0.73. Production profile: Annual average production of 86,500 tonnes of 98% purity MgO product at capacity. Low capital intensity: Initial capital expenditures of [...]
West High Yield Resources Ltd. is pleased to announce that it has signed a non-binding memorandum of understanding with Big Blue Technologies LLC , a U.S. based technology company that has developed a green process to produce magnesium ingots from magnesium oxide and Mg ores, that contemplates, among other things, working towards entering into a definitive exclusive license agreement with BBT. The MOU contemplates that [...]
West High Yield Resources Ltd. is pleased to provide an update on the status of its permit application at its Record Ridge magnesium deposit located 10 kilometers southwest of Rossland, British Columbia and on the progress of the pre-feasibility study semi-commercial/commercial plant design and its updated economics. The Company further updates the progress and status of its nearby Midnight Gold drilling program . Record [...]
West High Yield Resources Ltd. is pleased to announce it has completed a fifth tranche closing under the drawdown equity financing facility with Alumina Partners Ltd. , an affiliate of New York-based private equity firm Alumina Partners LLC. Terms of the Facility were set forth in the Company's news release dated December 14, 2021. Under the closing of the Fifth Tranche, the Company issued 925,925 units to Alumina at a [...]
West High Yield Resources Ltd. is pleased to announce the confirmation of additional multiple high-grade gold assays following the identification of visible native gold in drill core from DDH MN22-05 and to provide an update from the 2022 6,500 metre exploration drilling program . The 2022 Program is ongoing at the Company's Midnight Gold claim located in the Rossland Gold Camp area, British Columbia . A total of 3,080 [...]
West High Yield Resources Ltd. is pleased to announce the presence of visible native gold in several drill core intervals from two of the first five holes and to present highlights of its initial round of Au-Ag assay results from the 2022 6,500 metre exploration drilling program . The 2022 Program is ongoing at the Company's Midnight Gold claim located in the Rossland Gold Camp area, British Columbia. The Rossland Gold [...]
