West High Yield (W.H.Y.) Resources Ltd. signs definitive forward sales agreement to sell magnesium ore from its Record Ridge Project

West High Yield Resources has executed a definitive forward sales agreement with U.S.-based Galaxy Trade and Technology for the purchase and sale of magnesium-rich serpentine ore from its Record Ridge Industrial Minerals Mine project near Rossland, British Columbia. This agreement represents a significant commercial milestone for the company, establishing the first long-term supply relationship for the project's ore production.

The commercial terms are substantial, featuring an initial USD$5 million deposit to be placed in trust to fund initial ore deliveries, with a unit price of USD$500 per metric tonne during the initial two-year period. Expected delivery quantities range between 6,600 and 7,700 metric tonnes per week during operating months, translating to potential annual revenue exceeding USD$30 million during the initial production phase. The agreement spans an initial two-year period with an option to extend to nine years.

The Record Ridge project holds strategic importance in the critical minerals sector, containing approximately 10.6 million tonnes of contained magnesium based on NI 43-101 compliant resource estimates. The deposit is located just 7.5 kilometers from Rossland and 5 kilometers from the U.S. border, providing logistical advantages for North American supply chains. The project received its Mines Act permit from British Columbia in October 2025 and is advancing toward construction.

This agreement positions West High Yield as a potential future supplier of magnesium feedstock to global markets at a time when magnesium is increasingly recognized as a critical mineral for aerospace, automotive lightweighting, energy systems, and defense applications. The partnership with Galaxy, which has been following the company for over five years through the permitting process, provides commercial validation and financial support for the transition from development to production. The successful execution of this agreement demonstrates the viability of bringing Canadian critical mineral resources to international markets while supporting domestic supply chain security.