WEST High Yield Resources Receives Draft Environmental Management Act Permit FOR Record Ridge Project
WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.
For Immediate Release
May 19, 2026
Calgary, Alberta
WEST HIGH YIELD RESOURCES RECEIVES
DRAFT ENVIRONMENTAL MANAGEMENT ACT PERMIT FOR RECORD RIDGE PROJECT
CALGARY, ALBERTA – May 19, 2026 – West High Yield (W.H.Y.) Resources Ltd. ("West High Yield" or
the "Company") (TSXV:WHY) (FSE:W0H) is pleased to announce that it has received the draft Environmental
Management Act (British Columbia) permit from the British Columbia Ministry of Environment and Parks (the
"EMA Permit") for the Record Ridge Industrial Mineral Mine Project ("RRIMM Project" or the "Project")
located near Rossland, British Columbia, Canada.
The receipt of the draft EMA Permit represents another major milestone in the advancement of the Project and
follows the issuance of the Company’s Mines Act (British Coumbia) permit in October 2025 (the "Mines Act
Permit") and the recent receipt of the draft Highway Access permit in March 2026 from the British Columbia
Ministry of Transportation and Transit.
The EMA Permit relates primarily to site water management, environmental monitoring, sediment and erosion
control, and fugitive dust management for the Project. The Company is currently conducting a detailed technical
review of the draft permit and will continue working constructively with the British Columbia Ministry of
Environment and Parks toward finalization of the authorization.
"The receipt of the draft EMA Permit represents another important milestone for the RRIMM Project and reflects
the extensive, envionmental, technical, and regulatory work completed by the Company over several years", said
Frank Marasco, the Company’s President and CEO. "We believe the continued advancement of the permitting
process further reduces overall project development risk and supports ongoing progression toward construction
readiness and mining operations in 2026."
Permitting Updates
The Company also wishes to provide updates regarding other ongoing permitting and Project development
activities.
Remaining permits and authorizations, including the final Mine Access permit, Water Licence permit, and
Occupant Licence to Cut permit, are now in the final stages of review with the applicable regulatory agencies.
In parallel with permitting, the Company continues to advance post-permit compliance work under the Mine Act
Permit, including detailed engineering, environmental management planning, and construction readiness
activities for the Project.
Pilot Testing Updates
The Company is also pleased to report continued progress on its downstream processing pilot program
previously announced on January 28, 2026. The first major milestone involving pilot setup and commissioning
activities has now been successfully completed. In addition, preparation of the Record Ridge ore feed for the
leaching process has been completed by the laboratory team, and the pilot plant is currently being prepared for
operational testing as part of the Company’s magnesium and silica processing flowsheet development program.
The objective of the pilot program is to generate operational and process data intended to support future
engineering work and potential feasibility-level studies relating to a commercial processing plant.
Construction Funding Updates
The Company continues discussions relating to construction and development financing for the RRIMM Project.
The Company is currently in advanced stages of evaluating and progressing funding initiatives and anticipates
moving toward finalization following receipt of the remaining key permits and authorizations.
About West High Yield
West High Yield is a publicly traded junior mining exploration and development company, established in 2003,
and focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective
is to develop its Record Ridge critical mineral (magnesium, silica, nickel, and iron ) deposit using green
processing techniques to minimize waste and CO2 emissions.
The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British
Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced
National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") Preliminary Economic
Assessment technical report (titled "Revised NI 43 -101 Technical Report Preliminary Economic Assessment
Record Ridge Project, British Columbia, Canada") prepared by SRK Consulting (Canada) Inc. on April 18, 2013
in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.
Qualified Person
Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist is a Qualified Person as defined in NI 43-101 and
has reviewed and approved the technical information in this press release.
Contact Information:
WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.
Frank Marasco Jr., President and Chief Executive Officer
Telephone: (403) 660-3488
Email: [email protected]
Barry Baim, Corporate Secretary
Telephone: (403) 829-2246
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 t he 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 cau se 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 securities 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 benefit of U.S. persons except in certain transactions exempt from the registration
requirements of the U.S. Securities Act.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS RELEASE.