West High Yield Resources (WHY) AI Stock Analysis

• Market Cap: C$50.87M
• Dividend Yield: N/A
• Average Volume (3M): 141.95K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.28
• Revenue Growth: N/A
• EPS Growth: 8.06%
• Country: CA
• Employees: N/A
• Sector: General
• Sector Strength: N/A
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 118,310,036
• 10 Day Avg. Volume: 185,973
• 30 Day Avg. Volume: 141,946
• PEG Ratio: -0.22
• Price to Book (P/B): -3.91
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.67
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$1.56
• Price Target Upside: 262.79% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: C$0.46 ▲(6.98% Upside)

The score is held down primarily by very weak financial performance (no revenue, ongoing losses and cash burn, and negative equity with rising debt). Technicals are comparatively supportive with price above major moving averages and positive momentum indicators, but valuation remains unattractive/unclear due to loss-driven negative P/E and no dividend support.

Positive Factors

Investor Confidence

The oversubscribed private placement indicates strong investor confidence, providing necessary capital to advance strategic objectives and enhance financial stability.

Strategic Focus

The allocation of funds towards permitting and essential operations underscores a strategic focus on advancing the Record Ridge project, crucial for future revenue generation.

Technological Advancement

The breakthrough in magnesium battery technology could enhance market position and create new opportunities, aligning with growing demand for sustainable energy solutions.

Negative Factors

Financial Instability

Negative equity and inadequate cash flows highlight severe financial instability, posing risks to long-term sustainability and necessitating strategic restructuring or capital infusion.

Revenue Challenges

The absence of revenue generation over years raises concerns about the company's ability to transition from exploration to profitable operations, impacting long-term viability.

Cash Flow Dependency

Dependence on external financing for cash flow indicates a precarious financial position, limiting operational flexibility and increasing vulnerability to market fluctuations.

West High Yield Resources Business Overview & Revenue Model

Company Description

West High Yield (W.H.Y.) Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for gold, nickel, iron, silica, and magnesium deposits. It holds 100% interest in the Record Ridge property comprising 29 contiguous mineral claims, eight crown granted claims, and one privately owned claim covering an area of 8,972 hectares located in British Columbia. West High Yield (W.H.Y.) Resources Ltd. was incorporated in 2003 and is headquartered in Calgary, Canada.

How the Company Makes Money

West High Yield Resources generates revenue through the exploration and potential future extraction and sale of mineral resources, primarily magnesium, from its Record Ridge project. The company is still in the exploration and development phase, and its revenue model is primarily centered around raising capital through equity financing to fund its exploration activities. The company's future profitability depends on successfully developing its mineral properties into economically viable mining operations. Significant factors contributing to its earnings potential include strategic partnerships, securing necessary permits, and fluctuations in commodity prices that impact the valuation of its mineral resources.

West High Yield Resources Financial Statement Overview

Summary

Fundamentals are highly weak: no reported revenue, recurring multi-million-dollar losses, negative operating/free cash flow, and a stressed balance sheet with negative equity and rising debt. Some TTM loss/cash-burn improvement versus FY2024 is not enough to offset elevated going-concern and financing risk.

Income Statement

Results remain very weak, with no revenue reported across the annual periods and TTM (Trailing-Twelve-Months), and persistent operating losses. Losses widened in TTM (Trailing-Twelve-Months) versus FY2024 (net loss of ~-3.8M vs ~-4.3M, modest improvement), but profitability is still deeply negative with EBITDA and EBIT materially below zero. Overall, the income profile reflects a pre-revenue or non-operating stage business with limited visibility to self-sustaining earnings.

Balance Sheet

The balance sheet is highly stressed, with stockholders’ equity negative in every period and total debt rising to ~6.8M in TTM (Trailing-Twelve-Months) from ~5.8M in FY2024. Total assets are modest (~2.1M TTM), and the combination of negative equity and higher leverage increases refinancing and going-concern risk. While year-to-year asset levels are relatively stable, the capital structure remains the key weakness.

Cash Flow

Cash generation is consistently negative, with operating cash flow and free cash flow below zero in all periods, including TTM (Trailing-Twelve-Months) (operating cash flow ~-3.0M; free cash flow ~-3.0M). TTM (Trailing-Twelve-Months) free cash flow improved versus FY2024 (positive free cash flow growth), but the business still consumes significant cash and will likely remain dependent on external funding. The cash flow pattern broadly tracks ongoing losses rather than demonstrating a clear path to self-funding.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-9.91K	-12.01K	-18.75K	-22.74K	-11.47K	-30.43K
EBITDA	-2.16M	-2.77M	-2.86M	-4.02M	-2.17M	-998.14K
Net Income	-3.79M	-4.30M	-3.14M	-3.81M	-2.56M	-1.35M
Balance Sheet
Total Assets	2.12M	1.94M	1.85M	2.85M	4.40M	1.64M
Cash, Cash Equivalents and Short-Term Investments	424.51K	245.39K	168.54K	1.05M	133.47K	18.02K
Total Debt	6.81M	5.83M	2.52M	3.75M	5.34M	4.37M
Total Liabilities	8.89M	8.18M	6.04M	5.86M	7.96M	6.72M
Stockholders Equity	-6.76M	-6.23M	-4.18M	-3.00M	-3.55M	-5.08M
Cash Flow
Free Cash Flow	-2.95M	-2.52M	-2.35M	-1.81M	-3.97M	-192.11K
Operating Cash Flow	-2.95M	-2.52M	-2.35M	-1.77M	-3.93M	-192.11K
Investing Cash Flow	-2.00K	-2.50K	0.00	-45.47K	-37.99K	-13.50K
Financing Cash Flow	3.20M	2.60M	1.48M	2.72M	4.09M	214.77K

West High Yield Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.43
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WHY, the sentiment is Positive. The current price of 0.43 is below the 20-day moving average (MA) of 0.43, above the 50-day MA of 0.41, and above the 200-day MA of 0.41, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.89 is Neutral, neither overbought nor oversold. The STOCH value of 15.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:WHY.

West High Yield Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
JUGR	50 Neutral	C$52.17M	-11.88	-7.37%	―	―	93.24%
WHY	48 Neutral	C$50.87M	-11.78	―	―	―	8.06%
FT	46 Neutral	C$67.27M	-11.27	―	―	―	-82.14%
MD	44 Neutral	C$58.02M	-24.55	-5.05%	―	-15.63%	2.65%
BHS	42 Neutral	C$39.48M	-12.94	―	―	―	42.57%

West High Yield Resources Corporate Events

West High Yield Advances Record Ridge Pilot Processing, Permits and Funding

West High Yield Resources has initiated a pilot test of its proprietary metallurgical processing technology for the Record Ridge magnesium/silica project, contracting Process Research Ortech to run the program, which is expected to generate key data by April 2026 to support a feasibility study for its first commercial processing plant targeted to begin in mid–Q2 2026. The company reports significant progress on securing remaining environmental, water, forestry and access permits in British Columbia, completion of final mine and road designs ahead of planned construction in Q2 2026, receipt of a new five-year multi-year area-based exploration permit for further drilling outside the core mining area, and the closing of a $500,000 non-brokered private placement that will fund essential operations and working capital as it advances Record Ridge toward development.

The most recent analyst rating on (TSE:WHY) stock is a Hold with a C$0.46 price target. To see the full list of analyst forecasts on West High Yield Resources stock, see the TSE:WHY Stock Forecast page.

West High Yield Resources Raises $500,000 in Completed Private Placement

West High Yield Resources has closed a single tranche of its conditionally approved non-brokered private placement, issuing 1,000,000 units at $0.50 per unit for gross proceeds of $500,000, with each unit comprising one common share and a warrant exercisable at $0.65 for 12 months. The securities are subject to a four-month-plus-one-day hold period, and the funds raised are earmarked for essential operations and general working capital, while the company has completed the offering in full and is now seeking final approval from the TSX Venture Exchange, a step that supports ongoing development of its Record Ridge critical mineral project and reinforces its capital position as a junior mining player.

The most recent analyst rating on (TSE:WHY) stock is a Hold with a C$0.38 price target. To see the full list of analyst forecasts on West High Yield Resources stock, see the TSE:WHY Stock Forecast page.

West High Yield Sets 2026 Construction Push After Key Permit for Record Ridge

West High Yield Resources has issued a year-end letter from President and CEO Frank Marasco Jr. highlighting 2025 as a turning point for the company following the award of its BC Mines Act permit for the Record Ridge magnesium project, which has materially de-risked the asset and advanced it to a pre-construction stage. Against a backdrop of intensifying government support and policy incentives for critical minerals such as magnesium, silica, nickel and iron in Canada, the U.S. and Europe, the company outlined a 2026 roadmap that includes final engineering, mine-readiness planning, procurement, site preparation, infrastructure development and the launch of construction, positioning Record Ridge to become Canada’s first environmentally responsible magnesium/silica mine and marking 2026 as a pivotal year for the firm’s transition from planning to development.

The most recent analyst rating on (TSE:WHY) stock is a Buy with a C$1.56 price target. To see the full list of analyst forecasts on West High Yield Resources stock, see the TSE:WHY Stock Forecast page.

West High Yield Advances Record Ridge Project with Reclamation Bond and Financing Initiatives

West High Yield Resources Ltd. has announced significant progress in its Record Ridge magnesium and critical minerals project, including the posting of an initial reclamation bond and advancement of key permit conditions. These developments reduce regulatory uncertainties and align with provincial environmental requirements, paving the way for construction mobilization in 2026. The company is also pursuing government and private financing to support the phased development of the project, which is positioned as a key player in Canada’s critical minerals supply chain.

West High Yield Resources Secures CAD$360,000 Through Warrant Exercise

West High Yield Resources Ltd. announced the exercise of 1,200,000 share purchase warrants by five holders, resulting in the issuance of 1,200,000 common shares and generating CAD$360,000 in gross proceeds. This development signifies a positive financial influx for the company, potentially strengthening its operational capabilities and market position in the mining industry.

West High Yield Resources Boosts Capital Through Warrant Exercise

West High Yield (W.H.Y.) Resources Ltd. announced the exercise of share purchase warrants by multiple holders, resulting in the issuance of 1,823,487 common shares and generating total gross proceeds of CAD$608,220.45. This financial maneuver underscores the company’s ongoing efforts to bolster its capital base, which is crucial for advancing its mineral exploration and development projects, particularly at the Record Ridge site in British Columbia.