West High Yield Resources Ltd. Wraps Up Successful Private Placement and Inks Sponsorship Deal

West High Yield Resources Ltd. (the Company or WHY) is pleased to announce the successful final closing of its oversubscribed private placement offering. The Company raised a total of approximately $5 million through the issuance of units priced at $0.40 per unit. Each unit consists of one common share of the Company and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase an additional common share of the Company at a price of $0.60 for a period of three years from the date of issuance. The private placement was well-received by investors, reflecting confidence in the Company’s growth prospects and management team. The proceeds from the offering will be used to advance the Company’s flagship Record Ridge magnesium project located in British Columbia, Canada. The Record Ridge project is a high-purity magnesium deposit with significant exploration potential and is strategically located near existing infrastructure, providing a competitive advantage for future development. In conjunction with the private placement closing, WHY is also pleased to announce the signing of a sponsorship agreement with a leading financial advisory firm. The sponsor will provide strategic guidance and support to WHY as the Company continues to execute its growth strategy and enhance shareholder value. The sponsorship agreement is a testament to the Company’s commitment to strong corporate governance and transparency, further solidifying its position in the market. WHY’s management team is excited about the opportunities ahead and is focused on delivering value for its shareholders. The successful completion of the private placement and the signing of the sponsorship agreement represent important milestones for the Company as it continues to progress towards its objectives. With a strong cash position and a solid strategic partner on board, WHY is well-positioned to capitalize on the potential of its projects and create long-term value for its stakeholders. Overall, the final closing of the oversubscribed private placement and the signing of the sponsorship agreement demonstrate WHY’s ability to attract investment and strategic partnerships in support of its growth plans. The Company remains optimistic about its future prospects and is committed to delivering results for its shareholders as it advances its projects and expands its presence in the market.