West High Yield begins pilot program at Record Ridge

Executive Summary

• West High Yield (W.H.Y.) Resources Ltd. announced the initiation of its proprietary processing pilot program at its Record Ridge project, with operations scheduled to begin in February 2026 and conclude in April 2026 to support a future feasibility study.
• The company reported significant progress in permitting and post-permit compliance for its magnesium/silica project in British Columbia, aiming to commence construction in the second quarter of 2026.
• The company closed a non-brokered private placement, raising $500,000 in gross proceeds through the issuance of 1 million units, while also securing a new five-year area-based exploration permit.

Key Details

• Processing Pilot Program:
  • Contract signed with Process Research Ortech Inc. (PRO) in Mississauga, Ont., to conduct the pilot test at PRO's laboratory facility.
  • Pilot operations scheduled to begin in early February 2026.
  • Completion and delivery of the final report expected in April 2026.
  • Results will validate process performance, operating standards, and scalability, providing data to support a feasibility study for the first commercial processing plant.
  • Feasibility study planned to commence in mid-second quarter 2026.
• Permitting and Compliance:
  • Mines Act permit received from the B.C. Ministry of Mining and Critical Minerals in October 2025.
  • Advancing remaining permits: Environmental Management Act permit, water licence (B.C. Water Sustainability Act), licence to cut (B.C. Ministry of Forests), and mine access permit (B.C. Ministry of Transportation and Transit).
  • Final designs for the mine and access road completed.
  • Project construction activities targeted to commence in the second quarter of 2026.
• Exploration Permit:
  • Granted a multiyear area-based exploration permit by the B.C. Ministry of Mining and Critical Minerals.
  • Valid for a five-year period.
  • Authorizes additional exploration activities, including drilling, on mineral claims outside the designated Record Ridge mining area.
• Private Placement Closing:
  • Issuance of 1,000,000 units for gross proceeds of $500,000.
  • Price: 50 cents per unit.
  • Unit composition: One common share and one-half of one common share purchase warrant.
  • Warrant terms: Each warrant, together with $0.65, entitles the holder to acquire one additional common share for 12 months from the date of closing.
  • Trading hold period: 4 months plus one day from the date of issuance.
  • Use of proceeds: Essential operations, general working capital, and expenses.
  • Regulatory status: Conditionally approved by TSX Venture Exchange on Jan. 20, 2026; final approval pending.