West High Yield (W.H.Y.) Resources Ltd (TSXV: WHY), founded by Frank Marasco Jr. in 2003 and headquartered in Calgary, is developing its 100%-owned Record Ridge magnesium-silica-nickel-iron deposit approximately 10km southwest/west of Rossland, British Columbia (over 8,972 hectares across 29 contiguous mineral claims, 8 crown-granted claims, and one privately-owned claim). A 2022 Pre-Feasibility Study outlined robust economics for a magnesium oxide production plant. In March 2026 the company executed a definitive forward sales agreement with Galaxy Trade and Technology, LLC (a US-based magnesium supply company) for magnesium-rich serpentine ore from Record Ridge. Through 2026 the company has advanced permitting materially: it received a BC Ministry of Transportation and Transit access permit (June 2026) and, most recently, an Occupant Licence to Cut and Remove Crown timber from the BC Ministry of Forests (September 2026, covering ~50 hectares) -- a key step for site preparation ahead of construction.
Notable vs. Peers
- Financials score of 1.2/10 is weaker than the peer average of 5/10.
- Trading within 6% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Jurisdiction (40%)9/10
British Columbia: Fraser PPI 2025 is 74.28 of 100 (rank 31 of 68), which maps to 9 on this site's scale. The Record Ridge project is near Rossland, British Columbia, a Tier-1 Canadian mining jurisdiction.
Infrastructure (40%)No verified figure
Researched with nothing found: no source we could cite confirms or rules out an existing mill, road access, grid power, or tailings facility at Record Ridge Magnesium-Silica-Nickel Project, Rossland Area, British Columbia, Canada (checked Sep 26, 2026; recheck due Mar 25, 2027). Counts at a neutral 5/10 until one does.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Copper Mountain (Hudbay Minerals Inc.), 195 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:0.2/10
Nearest producing mine: Copper Mountain (Hudbay Minerals Inc.), 195 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:8/10
Stage: Pre-Feasibility Study
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
Canada: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:2/10
Primary commodity: Other
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Founder, President, CEO and Director of West High Yield (W.H.Y.) Resources Ltd., appointed CEO March 2006. 45 years in business development, having built and sold 47 businesses across hospitality, retail and real estate; pivoted to mining and oil/gas, discovering the Record Ridge magnesium deposit.
Director and Corporate Secretary of West High Yield (W.H.Y.) Resources Ltd. 35+ years of executive leadership experience in private and public companies, including consumer packaged goods and natural resources. Currently directs SGV Canada; previously served on boards including Millennium Seismic and Paradigm Chemical Technologies.
Director of West High Yield (W.H.Y.) Resources Ltd. Former financial controller roles at major energy firms. Served 15 years in the Alberta Legislature, holding ministerial positions in Energy, Economic Development, Finance and Government Services. Currently Vice Chair of the In Situ Oil Sands Alliance and director of multiple companies.
Director of West High Yield (W.H.Y.) Resources Ltd. Independent businesswoman specializing in corporate restructuring finance, acquisitions and strategic planning; oversees management information systems, HR strategies and property management systems.
Advisor to West High Yield (W.H.Y.) Resources Ltd. PhD, P.Eng. Founder of AIS Inc., a mining consulting firm. 20+ years combining academic and industry mining expertise in processing, metallurgy and engineering studies.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
West High Yield Resources owns 100% of the Record Ridge magnesium-silica-nickel deposit, about 10km south-west of Rossland, British Columbia, across 8,972 hectares of claims. The SRK resource, effective 18 April 2013 and confirmed by SRK in March 2026 as still current, contains 10,590,000 t of magnesium in measured and indicated resources (7,050,000 t measured and 3,540,000 t indicated), in 43.0 Mt at 24.61% magnesium, plus 260,000 t inferred. A 2022 pre-feasibility study for a magnesium oxide plant reported a 72% IRR and a 172-year mine life. In March 2026 the company signed a forward sales agreement with Galaxy Trade and Technology for magnesium-rich serpentine ore, and in 2026 it received a road access permit and, in September, a licence to cut Crown timber over about 50 hectares for site preparation, although no construction decision has been announced.