West High Yield (W.H.Y.) Resources Ltd. Announces Amended Permit Submission

The EMLI Meeting focused on exploring the available options for the Company following the British Columbia Environmental Assessment Office (the “EAO“) decision as detailed in the Company’s news release dated August 15, 2024. During the EMLI Meeting, West High Yield reaffirmed its commitment to pursuing a reduced volume mining permit at this stage. The EMLI Meeting participants provided valuable insights into the options available to the Company, and outlined the next steps necessary for the Company to move forward with the RRIMM Project. The EMLI has scheduled a follow-up meeting on September 4, 2024 for the British Columbia Mine Development Review Committee to review the comments that have been closed off to date and to determine the next steps in the RRIMM permit process.

The Company is confidently advancing towards the finalization of its British Columbia Mines Act permit application to receive the requisite permit for the RRIMM Project (the “Permit“). As detailed to EMLI at the EMLI Meeting, the Company’s commitment to transparency remains unwavering as it prepares the RRIMM Project in compliance with the environmental thresholds set by the EAO. With the Permit process at its advanced stage, the Company is confident it will secure the Permit soon. Once the Permit is received, the Company plans to initiate the RRIMM Project development and operation, while also evaluating options for expansion beyond current thresholds, amending the Permit as applicable, and reassessing EAO requirements accordingly.

While West High Yield has identified several concerns regarding the EAO’s decisions and management of this process, as noted in the Company’s news release dated August 15, 2024, its legal team is actively reviewing its options. Notwithstanding this, West High Yield‘s primary objective remains clear: securing this Permit and launching the RRIMM Project, and the Company’s board, management and consultants are fully committed and resolute in achieving these critical milestones.

Corporate Updates

The Company has ongoing communication with its interested customers who are anxious to see the Permit be awarded. This includes but is not limited to, APG Galaxy Trade and Technology LLC, a Hawaii limited liability company, whom the Company signed a letter of intent with on December 6, 2021 (see the Company’s news release dated December 7, 2021), which was subsequently amended on August 17, 2022, to process and extract from the RRIMM the critical minerals available using a commercially green process enhanced by the Company.

In addition, the Company’s engagement with ACS Moschner & Co GmbH (“ACS“) (see the Company’s news release dated October 26, 2023) is also progressing in a positive manner. The Company is in discussion with potential value-added strategic partners and investors introduced by ACS and pursuant to the Company’s engagement of ACS to consult on its behalf.

Offering

As also announced, the Company has initiated the Offering, which will be a…