West High Yield Resources (TSE:WHY) has released an update.
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West High Yield Resources Ltd. has successfully completed the first tranche of its private placement, raising $181,000 through the issuance of 905,000 units at $0.20 each. The funds are earmarked for the advancement of the company’s permitting process, general capital needs, and to support drilling programs at the Record Ridge magnesium deposit. The company is committed to developing this deposit with a focus on green processing methods to reduce environmental impact.
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