It was one of 2017’s mega mining deals. And then it wasn’t.
West High Yield (W.H.Y.) Resources Ltd. -- the tiny Canadian explorer that surged nearly 1,000 percent last month after announcing a pact to sell its main assets for $750 million -- said the deal has collapsed. The buyer couldn’t come up with a deposit for less than 1 percent of the transaction value, or $500,000.