West High Yield closes first tranche of financing

Mar 10, 2025

2025-03-10 18:20 ET – News Release

Mr. Frank Marasco Jr. reports

WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. ANNOUNCES FIRST TRANCHE CLOSING OF PRIVATE PLACEMENT

West High Yield (W.H.Y.) Resources Ltd., further to its news release of Feb. 20, 2025, has closed the first tranche of its previously announced private placement offering of units.

The closing consisted of the issuance 2,931,391 units for gross proceeds of $674,220.33. The units were issued at a price of 23 cents per unit, with each unit consisting of one common share of the company and one common share purchase warrant. Each warrant, together with 35 cents, entitles the holder thereof to acquire one additional common share for 12 months from the date of the closing. All securities comprising the units issued on the closing will be subject to a trading hold period expiring four months plus one day from the date of issuance.

The proceeds from the closing will be used by the company to conclude its permitting process, to cover essential operations, and for general working capital purposes and expenses.

About West High Yield (W.H.Y.) Resources Ltd.

West High Yield is a publicly traded junior mining exploration and development company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to develop its Record Ridge magnesium, silica and nickel deposit using green processing techniques to minimize waste and CO2 (carbon dioxide) emissions.

The company’s Record Ridge magnesium 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, prepared by SRK Consulting (Canada) Inc. in accordance with NI 43-101.

We seek Safe Harbor.

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