West High Yield receives permit for Record Ridge
2025-10-21 20:32 ET – News Release
Mr. Frank Marasco reports
WEST HIGH YIELD RESOURCES RECEIVES GREEN-LIGHT PERMIT FOR RECORD RIDGE INDUSTRIAL MINERAL MINE – ADVANCING CANADA’S DOMESTIC CRITICAL MINERAL REFINING
The B.C. Ministry of Mines and Critical Minerals has officially issued the Mines Act permit authorizing the development and operation of the Record Ridge industrial mineral mine, located near Rossland, B.C.
This approval marks a transformational milestone for West High Yield, its shareholders and the community — the culmination of years of rigorous environmental review, detailed technical evaluation, and extensive indigenous and community engagement. The project represents one of the more advanced critical mineral development opportunities in North America, containing magnesium, silica, nickel and iron — key materials essential to clean energy technologies, advanced manufacturing and the global energy transition.
“This major milestone represents years of disciplined technical, regulatory and community collaboration,” said Frank Marasco, president and chief executive officer of West High Yield. “The RRIMM permit validates the strength of our project, our team and our long-term vision. We extend our sincere appreciation to our indigenous partners, government officials, local communities, consultants, contractors and shareholders for their continued support throughout this rigorous process. With this authorization, we are now positioned to move from permitting into construction — a transformative step for the company and all its stakeholders.”
Key highlights:
- Mines Act permit granted: authorizes mine construction and operation of RRIMM under comprehensive environmental and regulatory oversight;
- Critical mineral portfolio: focused on magnesium and silica with significant co-recoverable nickel, and iron, initially shipped to a third party processor during this initial phase of the project;
- Strategic indigenous partnership: construction and mining to proceed in collaboration with Skemxist Solutions, a partner company of the Osoyoos Indian Band, ensuring indigenous leadership in environmental management and contracting;
- Economic impact: the project will provide local employment and business opportunities, support regional economic growth, and align with British Columbia’s and Canada’s critical mineral strategies.
Next steps: moving toward development and early cash flow
Following permit issuance, West High Yield and its technical consultants will complete postpermit environmental, safety and engineering compliance activities as required by the ministry. Upon completion, the company and Skemxist Solutions will commence site preparation and the construction of access roads and mine infrastructure to advance the project development.
During initial phase of operations, the ore from RRIMM will be sold to a U.S. buyer which will transport it to a processing facility of its choice. This represents a transitional step while it prepares for downstream development in Canada. The project’s immediate focus is to begin small-scale mining under comprehensive environmental oversight and generate early cash flow. This initial phase lays the foundation for future investment into a domestic processing facility.
West High Yield also plans to amend the permit in the future to support a responsible expansion of production capacity and to develop Canada’s first magnesium refining facility, creating hundreds of long-term jobs and positioning British Columbia as a North American leader in critical mineral processing and value-added manufacturing.
Support from the Osoyoos Indian Band
“We are pleased to see the Record Ridge industrial mineral mine moving forward under this permit,” said Chief Clarence Louie of the Osoyoos Indian Band. “Through collaboration with WHY Resources and Skemxist Solutions, we are demonstrating that responsible development and indigenous economic leadership can go hand in hand. This project brings opportunity, training and long-term benefits for our people and the entire region. OIB will continue to work with the company and regulators to ensure the project’s impacts are managed and the environment protected.”
A responsible start with a long-term vision
The RRIMM is a low-impact, small-scale project designed with community safety and environmental protection as top priorities. Operations involve drilling, blasting, crushing and hauling — with no chemical processing or refining on site. There are no tailings, no process water and no smelting emissions. The project’s design minimizes environmental risk while building the foundation for long-term value creation within Canada. It also advances national goals of securing domestic supplies of critical minerals such as magnesium, silica, nickel and iron — all essential for electric vehicles, fuel cells, solar panels and semiconductors — key components of the clean energy transition.
“The RRIMM represents a responsible and forward-looking ESG approach: start small, protect the environment, generate local benefits and scale responsibly as partnerships and investments grow,” added Mr. Marasco.
Future verticals under evaluation include magnesium oxide and silica production, pharmaceutical-grade magnesium, and magnesium wallboard, each contributing to Canada’s clean energy economy and global decarbonization goals.
About West High Yield (WHY) 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 carbon dioxide emissions.
The company’s Record Ridge critical mineral deposit located 10 kilometres southwest of Rossland, B.C., has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 (Standards of Disclosure for Mineral Projects) preliminary economic assessment technical report (titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada”) prepared by SRK Consulting (Canada) Inc. on April 18, 2013, in accordance with NI 43-101 and which can be found on the company’s profile at SEDAR+.
Qualified person
Rick Walker, BSc, MSc, PGeo, the company geologist, is a qualified person as defined in National Instrument 43-101, and has reviewed and approved the technical information in this press release.
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