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West High Yield Receives $84,000 from Warrant Exercise, Focused on Developing Record Ridge Critical Mineral Deposit
ByAinvest
Monday, Jun 9, 2025 4:51 pm ET1min read
West High Yield Resources Ltd. has received CAD$84,000 in proceeds from the exercise of 280,000 warrants. The warrants were exercisable at CAD$0.30 per share and were part of a private placement offering that closed in November 2024. The company is focused on developing its Record Ridge critical mineral deposit in British Columbia using green processing techniques.
West High Yield Resources Ltd. (TSXV: WHY) has announced that it has received CAD$84,000 in proceeds from the exercise of 280,000 warrants. The warrants were exercisable at CAD$0.30 per share and were part of a private placement offering that closed in November 2024. The company is focused on developing its Record Ridge critical mineral deposit in British Columbia using green processing techniques.The exercise of warrants by two holders resulted in the issuance of 280,000 common shares of the company. The gross proceeds from the exercise were CAD$84,000. The warrants were issued as part of a private placement offering that closed on November 14, 2024.
West High Yield Resources is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its world-class 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 10 kilometers southwest of Rossland, British Columbia, and has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 - Standards of Disclosure for Mineral Projects (NI 43-101) Preliminary Economic Assessment technical report.
References:
[1] https://www.ainvest.com/news/west-high-yield-resources-tsxv-critical-mineral-play-poised-explode-permit-progress-0-26-valuation-2506/
[2] https://www.newsfilecorp.com/release/254991/West-High-Yield-W.H.Y.-Resources-Ltd.-Announces-Proceeds-from-Exercise-of-Warrants
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