West High Yield Resources

West High Yield Resources Ltd. (TSXV: WHY | FSE: W0H) acknowledges recent media coverage on legal proceedings related to its Record Ridge Industrial Mineral Mine project.

The Mines Act permit, issued in October 2025, followed comprehensive provincial review confirming the project meets all requirements for engineering, environmental protection, reclamation, and operations.

Record Ridge represents a strategic domestic source of high-purity magnesium, nickel, iron, and silica. These are critical minerals essential to Canada's economic and technological security.

The Company respects Canada's legal processes, remains confident in its regulatory approvals, and continues to to advance the project with a focus on responsible development and stakeholder engagement.

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West High Yield (TSXV: WHY) has signed a definitive forward sales agreement with Galaxy Trade and Technology, LLC for magnesium‑rich serpentine ore from the Record Ridge Industrial Minerals Mine project near Rossland, BC.

The agreement secures an initial two‑year supply commitment (with option to extend to nine years) and includes a USD $5 million deposit to support initial deliveries. Ore pricing is set at USD $500 per metric tonne, with expected deliveries of 6,600–7,700 tonnes per week once production begins.

This partnership represents potential annual revenue exceeding USD $30 million during the initial term and marks an important milestone as the Company advances toward construction and production following receipt of its BC Mines Act permit in October 2025.

Magnesium is a strategic critical mineral used in aerospace, automotive light-weighting, energy systems, defense, and advanced manufacturing.

Read the full news release: https://whyresources.com/2026/03/12/west-high-yield-w-h-y-resources-ltd-signs-definitive-forward-sales-agreement-to-sell-magnesium-ore-from-its-record-ridge-project/