West High Yield (W.H.Y.) Resources Ltd. (WHY) Financings
TSXV: WHY · Magnesium, Silica, Nickel · Advanced Exploration stage
- Market cap$35.1M
- Share price$0.280
- 52-week range$0.240 – $0.860
- Shares outstanding125,261,789
- ExchangeTSXV
- Websitewww.westhighyield.com
West High Yield is a publicly traded junior mining exploration and development company, established in 2003, and focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO 2 emissions. The Company's Record Ridge critical mineral deposit is located approximately 10 kilometers southwest of Rossland, British Columbia. Based on the independently prepared Preliminary Economic Assessment titled 'Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada' prepared by SRK Consulting (Canada) Inc. and dated April 18, 2013, the Record Ridge critical mineral deposit contains a Measured and Indicated mineral resource of 43 million tonnes at an average magnesium grade of 24.61%. This corresponds to approximately 10.6 million metric tonnes of contained magnesium. The technical report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (' NI 43-101 ') and is available under the Company's profile at https://www.sedarplus.ca.
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West High Yield (W.H.Y.) Resources Ltd. financial statements
Key figures read from 41 of 42 financial statement filings, Nov 29, 2016 to Aug 26, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$431,406 | C$245,393 | C$168,544 | C$1,046,225 | C$133,465 |
| Total current assets | C$729,231* | C$340,808* | C$248,470* | C$1,226,272* | C$2,805,257* |
| Total current liabilities | — | — | — | C$5,859,692 | — |
| Working capital | — | — | — | (C$4,633,420) | — |
| Exploration and evaluation assets | C$1,508,364 | C$1,508,364 | C$1,508,364 | C$1,508,364 | C$1,508,364 |
| Property, plant and equipment | C$11,034 | C$18,991 | C$28,501 | C$47,251 | C$15,321 |
| Total assets | C$3,333,697 | C$1,936,731 | C$1,853,903 | C$2,850,455 | C$4,397,510 |
| Debt | — | — | — | C$0 | C$1,801,705 |
| Total liabilities | C$9,436,846 | C$8,176,875 | C$6,039,048 | C$5,859,692 | C$7,957,067 |
| Shareholders' equity | (C$6,103,149) | (C$6,240,144) | (C$4,185,145) | (C$3,002,853) | (C$3,553,201) |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$755,236 | C$1,023,320 | C$998,793 | C$2,581,838 | C$204,746 |
| General and administrative | C$625,067 | C$1,460,880 | C$1,379,326 | C$1,413,671 | C$974,910 |
| Share-based compensation | C$157,239 | C$358,512 | C$477,598 | C$27,774 | C$988,518 |
| Net income (loss) | (C$4,532,313) | (C$4,303,340) | (C$3,136,424) | C$4,228,538 | C$2,569,821 |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$2,699,555) | (C$2,519,414) | (C$2,354,387) | (C$1,765,944) | (C$3,934,817) |
| Investing cash flow | (C$1,018,501) | (C$2,500) | C$0 | (C$45,474) | (C$37,995) |
| Financing cash flow | C$3,904,069 | C$2,598,763 | C$1,476,706 | C$2,724,178 | C$4,088,262 |
| Exploration spending (capitalized) | — | — | — | C$0 | (C$27,381) |
| Property, plant and equipment spending | (C$2,001) | (C$2,500) | C$0 | C$0 | (C$10,614) |
| Change in cash | C$186,013 | — | (C$877,681) | C$912,760 | C$115,450 |
| Cash at end of period | C$431,406 | C$245,393 | C$168,544 | C$1,046,225 | C$133,465 |
West High Yield (W.H.Y.) Resources Ltd. financings
10 financings announced or closed by West High Yield (W.H.Y.) Resources Ltd., read by Mining News Terminal, newest first.
West High Yield (W.H.Y.) Resources Ltd. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments West High Yield (W.H.Y.) Resources Ltd. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2025-02-20 | Loan, amended | Big Mountain Development Corp Ltd. | — | matures 2026-12-31 |
| 2016-04-27 | Loan, closed / funded | — | C$1M | 11.61% |
| 2015-09-14 | Convertible debenture, closed / funded | — | C$25,000 | 12% |