# West High Yield Resources Receives Occupant Licence to Cut and Remove, Marking Another Major Regulatory Milestone at Record Ridge Magnesium Project Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/west-high-yield-resources-receives-occupant-licence-to-cut-and-remove-marking-an--0ece2dc7-ef18-4ec7-9bae-8c2c8d44a743 Original source: https://money.tmx.com/en/quote/WHY/news/7750800642037608/west-high-yield-resources-receives-occupant-licence-to-cut-and-remove-marking-an Publisher: tmx Original announcement: 2026-09-16T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-23T02:18:53.274Z Atlas analysis updated: 2026-09-23T02:18:53.274Z - Company: West High Yield Resources Ltd. - Ticker: WHY - Exchange: TSX - Region: British Columbia - Primary commodity: Magnesium - Secondary commodities: Silica, Nickel - Document categories: Permitting, Resource update - Extracted: 2026-09-23 02:18:53 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary West High Yield Resources has received an Occupant Licence to Cut and Remove \(OLTC\) from the British Columbia Ministry of Forests for its Record Ridge project. This permit allows for timber clearing and site preparation, marking a significant step toward construction readiness. The release also references a historical mineral resource estimate of 43.0 Mt at 24.61% magnesium. Reasoning: The company secured a key regulatory permit \(OLTC\) for timber clearing, advancing the project toward construction. It also restates a historical resource estimate. - Positive factor: Receipt of Occupant Licence to Cut and Remove \(OLTC\) - Positive factor: Advancement of provincial permitting requirements - Positive factor: Construction readiness milestone Facts used in scoring: 2 ## Classification and evidence **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Rick Walker, B.Sc., M.Sc., P.Geo. is named as the Qualified Person who reviewed and approved the technical information. Evidence · text > Qualified Person Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist, is a Qualified Person as defined under NI 43-101 and has reviewed and approved the technical information in this press release. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate is based on a National Instrument 43-101 Preliminary Economic Assessment. Evidence · text > Based on the independently prepared National Instrument 43-101 Preliminary Economic Assessment ## Extracted facts Stored fact records: 1. Some facts used in scoring do not have a stored record. ## Resource Estimates (1) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/west-high-yield-resources-receives-occupant-licence-to-cut-and-remove-marking-an--0ece2dc7-ef18-4ec7-9bae-8c2c8d44a743#fact-resource-facts-1) Record Ridge · magnesium Historical result Needs review: historical\_restatement #### Identity - Project: Record Ridge - Commodity: magnesium - Region: canada\_bc - Reported Region: British Columbia - Ticker: WHY #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Qualified person names: Rick Walker - Resource group id: resource:20220e664a8a2e25a68e - Deposit or zone: Record Ridge #### Resource Data - Category: indicated - Tonnes: 43000000 - Grade: 24.61 - Grade Unit: % - Contained Metal: 10.6 - Contained Unit: million metric tonnes #### Prior Estimate - Resource Date: 2013-04-18 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2013-04-18T00:00:00.000Z #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: This is a restatement of a 2013 NI 43-101 report. - Negative factor: Historical data Evidence · text > Based on the independently prepared National Instrument 43-101 Preliminary Economic Assessment... dated April 18, 2013, the deposit contains a Measured and Indicated mineral resource of 43.0 million tonnes at an average magnesium grade of 24.61%. #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 13.4 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.