Welcome to our dedicated page for West Mng news (Ticker: WESMF), a resource for investors and traders seeking the latest updates and insights on West Mng stock.
West Mining Corp (WESMF) delivers focused mineral exploration through advanced geological methods and strategic financial management. This news hub provides investors with essential updates on British Columbia-based projects including the Kena flagship property and Spanish Mountain developments.
Access verified updates on resource estimates, exploration results, and corporate developments. Track progress through NI43-101 compliant technical reports, partnership announcements, and financial strategy implementations. Our curated collection ensures transparent access to operational milestones without promotional bias.
Key updates include drilling results, multispectral analysis findings, debt settlement agreements, and strategic option exercises. Content reflects the company's balanced approach to mineral discovery and capital preservation through share-based financing and controlled expenditure.
Bookmark this page for streamlined access to West Mining's evolving story. Combine technical expertise with market awareness through our rigorously maintained news repository, updated as developments warrant investor attention.
West Mining Corp (CSE:WEST)(OTC:WESMF) has announced plans for a summer exploration program at its Junker Copper-Gold-Silver Property in British Columbia. The program follows up on promising 2021 rock sampling results, which showed significant mineralization with peak values of 5.53% copper, 24.00 ppm silver, and 0.85 ppm gold.
A recent multispectral satellite data analysis has identified 46 new sites for exploration, in addition to confirming the Junker mineral showing. This analysis utilized data from multiple satellites and will be integrated with a detailed geophysical interpretation from a 2021 heliborne magnetic survey.
The company has also issued 1,300,000 restricted share units (RSUs), with 300,000 going to an officer and 1,000,000 to consultants. These RSUs vest immediately but are subject to a four-month hold period.
West Mining Corp (CSE:WEST)(OTC:WESMF) has entered into an option agreement with Upside Gold Corp dated January 20, 2025, granting Upside Gold the option to acquire a 100% interest in West's Kena Property. The agreement includes:
- Cash payments totaling $2,000,000 spread over multiple installments from March 2025 to January 2028
- Issuance of $3,000,000 worth of Upside Gold common shares between July 2025 and January 2028
- Commitment to make $3,500,000 in exploration expenditures on the Kena Property by January 20, 2028
Upside Gold shares will be valued at $0.20 per share, subject to adjustments based on stock exchange listing status and future equity financing prices. The shares will be subject to applicable securities laws and stock exchange policies regarding hold periods and escrow conditions.
West Mining Corp (CSE:WEST)(OTC:WESMF) has completed a historic core resampling program on its 100% owned Kena Property. The program involved resampling 66 historic diamond drill holes from 2001-2017, with 481 core samples assayed alongside 73 standards and 49 blanks. This initiative follows recommendations from the company's 2021 Technical Report, which highlighted 2.77 million ounces of gold in the inferred category and 561,000 ounces in the indicated category. The program aims to upgrade portions of the inferred resource to indicated status and will incorporate results from 32 new diamond drill holes completed since 2021.
West Mining Corp. has entered into an option agreement with ESN Investment Corp. to acquire a 100% interest in two mineral claims in Northern British Columbia. These claims expand West's Spanish Mountain West and Junkers properties. The Spanish Mountain West addition covers 412.93 hectares, increasing the property area by 45%. The Junkers Property addition comprises 1,372.49 hectares, expanding the property by 65%.
To earn the 100% interest, West will issue 7,000,000 common shares to ESN in three tranches over one year. Upon exercising the option, West will grant ESN a 1.0% net royalty interest on the Claims, with a buyback option. West has begun exploration of both properties, starting with multispectral satellite image analysis.
Additionally, West has agreed to settle $24,000 of debt by issuing 126,315 common shares at $0.19 per share.
West Mining Corp (CSE:WEST, OTC PINK:WESMF, FRA:1HL) has engaged Alphai News Corp for marketing services starting around September 10th, 2024. The contract, valued at USD $50,000 plus GST, is set for up to one month but may be adjusted based on effectiveness. Alphai News will create ad campaigns, perform keyword research, manage remarketing efforts, and generally promote West Mining's business. Marketing activities will occur on www.alphainews.com, Google ads, and native advertising platforms. No securities will be issued as compensation, and Alphai News currently has no ownership in West Mining Corp.
West Mining Corp. (CSE:WEST, OTC PINK:WESMF, FRA:1HL) has successfully closed its previously announced debt settlement transaction. The company issued 115,385 common shares to an arm's length creditor at a deemed price of $0.26 per share, settling an outstanding debt of $30,000. This issuance is subject to a four-month hold period ending December 7, 2024, in compliance with applicable securities laws and Canadian Securities Exchange policies.
West Mining Corp. (CSE:WEST)(OTC:WESMF) has announced a debt settlement agreement with a creditor. The company will issue 115,385 common shares at a deemed price of $0.26 per share to settle $30,000 in outstanding debt. The issued shares will be subject to a four-month hold period.
West Mining's flagship project is the 100% owned, 9000-hectare Kena Project near Nelson, British Columbia. A 2021 NI43-101 resource estimate for Kena reported 561,900 oz Au indicated and 2,773,100 oz Au inferred in the Gold Mountain, Kena Gold, and Daylight Zones. The company also owns the Spanish Mountain and Junker properties.
West Mining Corp. (CSE:WEST, OTC:WESMF) has announced the start of an exploration program on its 100% owned Junker Property in northern British Columbia. The program will combine existing geophysical and sampling surveys with new multispectral satellite image analysis to identify high-potential gold, copper, and silver targets for summer field investigation.
The 2,100-hectare property has shown promising initial results, including a stream sediment sample above the 99th percentile for gold. Previous rock samples have yielded up to 1.28 g/t gold, 8.64 g/t silver, and 0.4% copper. The company aims to advance all projects in its portfolio, including the flagship Kena Project near Nelson, BC, which has a 2021 NI43-101 resource estimate of 561,900 oz Au indicated and 2,773,100 oz Au inferred.
West Mining Corp. (CSE:WEST)(OTC PINK:WESMF)(FRA:1HL) has engaged Hillside Consulting and Media Inc. for digital marketing services. The three-month agreement, dated July 23, 2024, aims to increase corporate awareness through various digital channels. West will pay Hillside a cash fee of $100,000 plus taxes.
West Mining's flagship project is the 9000-hectare Kena Project near Nelson, British Columbia. A 2021 NI43-101 resource estimate for Kena reported 561,900 oz Au indicated and 2,773,100 oz Au inferred in the Gold Mountain, Kena Gold, and Daylight Zones. The company also owns the Spanish Mountain and Junker properties.
West Mining Corp (CSE:WEST, OTC:WESMF) has successfully closed its non-brokered private placement, raising $549,510 through the issuance of 1,831,700 units at $0.30 per unit. Each unit comprises one common share and one transferable share purchase warrant, exercisable at $0.40 until July 22, 2026. The company will use the proceeds for exploration of its Spanish Mountain and Junker properties, marketing/investor relations, and general working capital.
In connection with the financing, West Mining paid $53,001 in finder's fees and issued 176,670 finder's warrants. The company's flagship project is the 9000-hectare Kena Project near Nelson, British Columbia, which includes a 2021 NI43-101 resource estimate of 561,900 oz Au indicated and 2,773,100 oz Au inferred.
FAQ
What is the current stock price of West Mng (WESMF)?
What is the market cap of West Mng (WESMF)?
