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Osoyoos Indian Band Signs Cooperation Agreement with West High Yield Resources for the Record Ridge Magnesium Project
Calgary, Alberta--(Newsfile Corp. - September 11, 2023) - West High Yield (W.H.Y.) Resources Ltd....
About this update from West High Yield (w.h.y.) Resources Ltd.
[{"type":"text","content":"Osoyoos Indian Band Signs Cooperation Agreement with West High Yield Resources for the Record Ridge Magnesium ProjectCalgary, Alberta--(Newsfile Corp. - September 11, 2023) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (\"West High Yield\" or the \"Company\") is pleased to announce the signing of a Cooperation Agreement (the \"Agreement\") with the Osoyoos Indian Band (\"OIB\") regarding the Company's Record Ridge magnesium project (the \"Project\") located near Rossland , British Columbia.The Project contains critical minerals essential to the development of Canada's green economy and achievement of its climate change goals. It is also in the OIB's asserted traditional territory and the OIB has been actively engaged in the project and permitting process. The Agreement was negotiated based on the Company's commitment to advancing sustainability, sound environmental practices, good governance, and respecting Indigenous rights. OIB undertook its own independent review of the Company's British Columbia Mines Act permit application. \"This Agreement recognizes Osoyoos Indian Band's sovereignty over our lands and represents our continued efforts to ensure that our lands are protected and managed in accordance with our wishes, values, and principles. This Agreement assures us of our oversight of the project, thereby protecting our peoples' environmental and economic interests,\" said Chief Clarence Louie. \"If managed correctly, this critical mineral resource could contribute to a strong and green economy. To date, West High Yield has shown OIB that it is committed to doing this. Our independent review of the Company's mining application reinforces our commitment to working with the Company going forward. We encourage other companies to follow West High Yield's example and take steps to ensure that Indigenous rights are respected and are recognized, while also engaging with stakeholders. We look forward to our ongoing work with Frank Marasco and the Company's team to build a long-term, mutually beneficial, and environmentally progressive relationship.\"\"The signing of this Cooperation Agreement is a testament to the mutual trust and respect that has been established between OIB and the Company, working in partnership to responsibly develop the Record Ridge Project,\" said the Company's President and CEO, Frank Marasco Jr. \"I...