West High Yield (W.H.Y.) Resources Ltd. Advances Processing Pilot Program, and Announces Permitting Advancement and Closing of Non-Brokered Private Placement

The news release dated January 26, 2026, consolidates multiple significant updates: - Pilot Program Launch: The company will initiate a proprietary processing pilot program at its Record Ridge project in early February 2026, with completion and a final report expected in April 2026. Results are intended to support a feasibility study for the first commercial plant, planned for mid-Q2 2026. - Permitting Advancements: Since receiving the key Mines Act Permit in October 2025, the company is advancing remaining permits (Environmental Management Act, Water Licence, etc.) and anticipates receiving them "in the near future." Final mine and access road designs are complete, with construction targeted to commence in Q2 2026. - Exploration Permit: A five-year, area-based exploration permit has been granted, authorizing additional exploration, including drilling, on claims outside the main mining area. - Financing Closed: The company closed a non-brokered private placement of 1,000,000 units at $0.50 per unit, raising $500,000. Each unit comprises one common share and one warrant exercisable at $0.65 for 12 months. This follows an identical $500,000 placement closed on January 7, 2026.

The news is material and positive as it represents critical, sequential progress on the company's stated roadmap following the milestone Mines Act Permit received in October 2025. - Confirmation of Timeline: The announcement confirms the company is advancing on schedule, transitioning from permitting to active pilot testing and pre-construction activities. This de-risks the project's technical and regulatory pathway. - Pilot Program is Key: Initiating the proprietary processing pilot is a necessary technical de-risking step before committing to full-scale construction. Positive results in April would be a major catalyst. - Financing is Supportive but Minor: The $500,000 raise provides essential working capital but is trivial relative to the capital required for construction. It underscores the company's hand-to-mouth financial state but allows near-term activities to proceed. - Context of History: The news aligns perfectly with projections made in the CEO letter (Dec 2025) and corporate updates (Dec 2025), showing disciplined execution against stated plans. It also follows the successful defense against a judicial review (Sep 2025) and receipt of the draft permit (Sep 2025).

West High Yield (W.H.Y.) Resources Ltd. is a Canadian junior resource company focused on developing the Record Ridge Project in British Columbia. The project is an industrial minerals deposit containing magnesium, silica, and nickel, which are designated as critical minerals. The company's strategy is to build Canada's first environmentally responsible magnesium/silica mine. The project received its pivotal Mines Act Permit in October 2025, transitioning it from the permitting/exploration stage to pre-construction.