West High Yield (W.H.Y.) Resources Ltd. announces private placement offering

West High Yield Resources Ltd. has announced a non-brokered private placement offering aimed at raising up to CAD$1.8 million through the issuance of 6 million units priced at $0.30 per unit. Each unit consists of one common share and half a warrant, with full warrants exercisable at $0.45 for 12 months from issuance. The company may pay finder's fees of up to 6% in cash and warrants to eligible parties.

The financing will support essential operations and general working capital requirements as the company advances its Record Ridge critical mineral project. Located 10 kilometers southwest of Rossland, British Columbia, the Record Ridge deposit represents a significant critical minerals asset containing approximately 10.6 million tonnes of magnesium, along with silica, nickel, and iron resources. The deposit was evaluated in a 2013 NI 43-101 compliant Preliminary Economic Assessment prepared by SRK Consulting.

This financing comes at a strategic time as critical minerals gain increased attention for their role in clean energy transition and supply chain security. West High Yield's focus on green processing techniques to minimize waste and CO2 emissions aligns with current environmental and regulatory trends in the mining sector. The company, established in 2003, positions itself as a junior mining exploration and development company focused on Canadian mineral resource properties.

The private placement is subject to standard closing conditions including TSXV approval and compliance with Canadian securities laws. All securities will be subject to a statutory hold period, and the offering will rely on prospectus exemptions under applicable securities legislation. The successful completion of this financing would provide West High Yield with the necessary capital to maintain operations and potentially advance development activities at its flagship Record Ridge project.