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West High Yield Resources
(WHY)
West High Yield Resources (WHY) vs. iShares MSCI Canada ETF (EWC)
West High Yield Resources Business Overview & Revenue Model
West High Yield Resources Financial Statement Overview
| 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
West High Yield Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | C$43.65M | -15.29 | ― | ― | ― | 42.57% | |
46 Neutral | C$64.34M | -11.08 | ― | ― | ― | -82.14% | |
45 Neutral | C$44.68M | -10.55 | ― | ― | ― | 8.06% | |
45 Neutral | C$52.63M | -23.34 | -7.37% | ― | ― | 93.24% | |
44 Neutral | C$53.73M | -22.27 | -5.05% | ― | -15.63% | 2.65% |
West High Yield Resources Corporate Events
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 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 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 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 (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.
West High Yield Resources Ltd. announced the exercise of share purchase warrants by several holders, resulting in the issuance of 794,935 common shares and generating total gross proceeds of CAD$245,180.50. This financial development supports the company’s ongoing efforts to advance its mineral resource projects, particularly the Record Ridge deposit, enhancing its position in the mining industry and potentially benefiting stakeholders through increased capital for project development.
West High Yield Resources has received a permit from the British Columbia Ministry of Mines and Critical Minerals to develop and operate the Record Ridge Industrial Mineral Mine. This milestone allows the company to advance from permitting to construction, marking a significant step in their operations. The project is expected to provide economic benefits, including local employment and business opportunities, while supporting Canada’s Critical Minerals Strategies. The company plans to collaborate with Indigenous partners and aims to establish a domestic processing facility in the future, enhancing its position in the critical mineral processing industry.
West High Yield Resources Ltd. announced the exercise of 415,435 share purchase warrants, resulting in the issuance of an equal number of common shares and generating CAD$145,402.25 in gross proceeds. This development may enhance the company’s financial position, supporting its ongoing efforts to advance the Record Ridge project and potentially strengthening its market position in the critical minerals sector.