West High completes first phase of reclamation bond

Executive Summary

• West High Yield (W.H.Y.) Resources Ltd. has posted the initial reclamation bond for its Record Ridge magnesium and critical minerals project in British Columbia, fulfilling a key requirement under the BC Mines Act permit.
• The company is advancing pre-construction activities, including vegetation audits and site delineation, to prepare for construction mobilization targeted for the second quarter of 2026.
• Management is actively pursuing a mix of government funding programs and private sector financing (institutional lenders, strategic groups, and investors) to support the phased development of the project.

Key Details

• Reclamation Bond: The company formally completed the first phase of the reclamation bond with the British Columbia Ministry of Mines and Critical Minerals. This milestone reduces regulatory timeline uncertainty and confirms alignment with provincial environmental and closure requirements.
• Project Location: Record Ridge project is located 10 kilometres southwest of Rossland, B.C.
• Permit Status: The project holds a Mines Act permit issued by the BC Ministry of Mines and Critical Minerals.
• Pre-Construction Activities:
  • Comprehensive vegetation audit covering the access corridor and mine footprint.
  • Tree marking and footprint delineation to refine disturbance boundaries and engineering details.
  • Baseline site preparation work to support final design and contracting.
• Construction Timeline: Targeted construction mobilization is set for the second quarter of 2026, subject to final financing and regulatory coordination.
• Financing Strategy:
  • Engagement with federal and provincial critical mineral funding programs.
  • Discussions with institutional lenders, international strategic groups, and private investors.
  • Capital strategy aims to support phased development, including initial mine construction and future downstream processing opportunities within Canada's critical minerals supply chain.
• Project Resources: The Record Ridge deposit contains approximately 10.6 million tonnes of contained magnesium based on a Preliminary Economic Assessment (PEA) prepared by SRK Consulting (Canada) Inc. on April 18, 2013.
• Key Personnel: Rick Walker, BSc, MSc, PGeo, is the Qualified Person who reviewed and approved the technical information.

Notable Quotes

• "We continue to move the Record Ridge project forward in a disciplined and structured manner... Posting the initial reclamation bond and executing the early-stage permit requirements demonstrate our commitment to responsible development and to maintaining strong momentum following the issuance of the Mines Act permit." — Frank Marasco Jr., President and CEO