WEST High Yield (W.h.y.) Resources Ltd. Submits Amended Industrial Magnesium MINE Permit Application
WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.
For Immediate Release
February 15, 2022
Calgary, Alberta
WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. SUBMITS
AMENDED INDUSTRIAL MAGNESIUM MINE PERMIT APPLICATION
CALGARY, ALBERTA – February 15, 2022 – West High Yield (W.H.Y.) Resources Ltd. ("West High
Yield" or the " Company") (TSXV:WHY) is pleased to announce that it has submitted its amended Joint
Mines Act/Environmental Management Act Permit Application (the "Amended Application") to the British
Columbia Ministry of Mines (the " Ministry") for the development and operation of its Record Ridge
Industrial Mineral Mine Project near Rossland, British Columbia (the " Project"). The additional
information provided to the Ministry in the Amended Application is in response to feedback received from
the Ministry stemming from its review of the Company’s initial Joint Mines Act/Environmental
Management Act Permit Application (the "Joint MA/EMA Application") submitted to the Ministry on
February 14, 2019.
The Company initially retained Greenwood Environmental Inc. and SRK Consulting (Canada) Inc.
(together, the " Consultants") in 2019 to be co-lead consultants in pursuit of an industrial mineral mine
permit (the "Permit") for the Project. The Consultants assisted the Company in the submission of the Joint
MA/EMA Application . For applications such as the one submitted by the Company, the Ministry has
established a multi-step application review process where major issues are identified upfront, followed by
a detailed review. West High Yield has worked with the Consultants to address the Ministry’s information
requests and to work towards the submission of the Amended Application. The Ministry will review the
Amended Application and determine if it meets the requirements to commence the detailed technical review
phase, or if the Company needs to provide additional information.
Frank Marasco Jr., President and CEO of West High Yield , stated: "The Company has been working
diligently with the Ministry , Consultants and stakeholders to complete the permit process so that the
Company is able to fulfill its commitments of mining and selling ore from the Project, and having adequate
feedstock in place for its planned semi-commercial plant. We consider this milestone as a critical step for
the commercialization of the Company in its efforts to facilitate sustainable job creation, generate cash flow
and secure future markets for high purity magnesium and silica products that have the potential to be
produced from the Record Ridge project."
About West High Yield
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 emissions.
Contact Information:
West High Yield (W.H.Y.) Resources Ltd.
Frank Marasco Jr., President and Chief Executive Officer
Telephone: (403) 660-3488 Facsimile: (403) 206-7159
Email: [email protected]
Cautionary Note Regarding Forward-looking Information
This press release contains forward -looking statements and forward -looking information within the
meaning of Canadian securities legislation. The forward-looking statements and information are based on
certain key expectations and assumptions made by the Company. Although the Company believes that the
expectations and assumptions on which such forward -looking statements and information are based are
reasonable, undue reliance should not be placed on the forward-looking statements and information because
the Company can give no assurance that they will prove to be correct.
Forward-looking information is based on the opinions and estimates of management at the date the
statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those anticipated in the forward-looking information. Some
of the risks and other factors that could cause the results to differ materially from those expressed in the
forward-looking information include, but are not limited to: general economic conditions in Canada and
globally; industry conditions, including governmental regulation; failure to obtain industry partner and
other third party consents and approvals, if and when required; the availability of capital on acceptable
terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are
cautioned that this list of risk factors should not be construed as exhaustive.
Readers are cautioned not to place undue reliance on this forward -looking information, which is given as
of the date hereof, and to not use such forward-looking information for anything other than its intended
purpose. The Company undertakes no obligation to update publicly or revise any forward -looking
information, whether as a result of new information, future events or otherwise, except as required by
applicable law.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securit ies in
the United States. The securities of the Company will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States
or to, or for the account or bene fit of U.S. persons except in certain transactions exempt from the
registration requirements of the U.S. Securities Act.
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