West High Yield up 16% as a British Columbia Court Dismisses Judicial Review Challenging Its Record Ridge Project
The Supreme Court of British Columbia dismissed a judicial review petition seeking to challenge West High Yield Resources (WHY.V)'s Record Ridge industrial minerals mine project, the company said Thursday, sending its shares up by 16%.The court upheld a previous determination that the project is not subject to an environmental assessment under the British Columbia Environmental Assessment Act, the company said.The decision removes a significant regulatory challenge to the project and allows West High Yield to continue advancing the project through the remaining provincial permitting processes, the company said.The project remains subject to extensive regulatory oversight, including multiple provincial permits and approvals under the British Columbia Mines Act, Environmental Management Act, Water Sustainability Act, and other regulations.The project is a quarry-style industrial minerals project with no on-site chemical processing and no tailings storage facility, West High Yield said.The company's shares were last seen up $0.045 to $0.335 on the TSX Venture Exchange.Price: $0.34, Change: $+0.05, Percent Change: +15.52%
