West Mng Stock Price, News & Analysis

West Mining Corp. (WESMF) is a mineral exploration company focused on acquiring and developing advanced and early-stage exploration projects. According to multiple company news releases, West Mining describes itself as a mineral exploration company with a portfolio of projects in British Columbia, Canada, and a flagship gold-focused asset known as the Kena Project.

The company’s shares trade on the Canadian Securities Exchange under the symbol CSE:WEST and on the OTC market under the symbol OTC PINK:WESMF. West Mining is classified in the mining, quarrying, and oil and gas extraction sector, with activities that align with mineral exploration and resource development.

Flagship Kena Project

West Mining states that its flagship asset is the 100% owned, approximately 9,000-hectare Kena Project located near Nelson, British Columbia. Company disclosures explain that the Kena Project comprises three adjoining properties: Kena, Daylight and Athabasca. An independent NI 43-101 mineral resource estimate for Kena in 2021 reported indicated and inferred gold resources in the Gold Mountain, Kena Gold and Daylight Zones (Bird, 2021; as referenced in the company’s news releases and public disclosure record on SEDAR+).

The Daylight property within the Kena Project area contains historic past-producing gold mines, including the Daylight, Starlight, Victoria, Irene and Great Eastern gold mines. Along trend to the north, the Athabasca Property includes the historic Athabasca Gold Mine. These historical operations are cited by the company as part of the broader Kena Project area and its exploration context.

Additional Projects: Spanish Mountain and Junker

Beyond Kena, West Mining reports that it holds a 100% interest in its Spanish Mountain and Junker properties. Company news releases describe these as gold and copper exploration targets in British Columbia.

The Spanish Mountain West land package is described as being located in the central Quesnel Belt, with a mineral claim adjacent to West’s Spanish Mountain West Property and adjacent to a property of Spanish Mountain Gold Ltd. The company notes that this claim lies within Cretaceous sedimentary strata that host polymetallic copper, lead, gold, silver and zinc showings at Cedar Creek, in contact with Triassic basalts, based on provincial geological data cited in its disclosure.

The Junker Property is described as a gold-copper exploration target in north-central British Columbia. According to company releases, the property is underlain by Lower to Middle Jurassic marine sedimentary and volcanic rocks of the Hazelton Group. Historical work referenced by West includes rock and silt sampling and PIMA spectroscopy analysis carried out by previous operators, with reported gold, silver and copper values from float and subcrop samples near the Junker mineral showing (BC MINFILE #094E 299).

Exploration Focus and Technical Work

West Mining’s news releases outline an exploration approach that includes geological, geophysical and geochemical data compilation, historic core resampling, and satellite-based analysis. For the Kena Project, the company reports that it has completed historic diamond drill core resampling, with hundreds of core samples and quality assurance/quality control (QA/QC) standards and blanks submitted to an accredited laboratory. This work follows recommendations from the author of the company’s 2021 Technical Report on the Kena and Daylight properties, with the goal of upgrading portions of the resource classification.

At the Junker Property, West Mining has described exploration programs that integrate existing airborne magnetic surveys and field sampling with new multispectral satellite analysis. The company reports using data from multispectral satellites and radar to generate digital terrain models and identify principal component analysis (PCA) targets for follow-up field inspection. These targets are being combined with geophysical interpretations to prioritize areas for rock sampling and further evaluation.

For the Spanish Mountain and Junker properties, West has also disclosed option and land addition agreements, including an option to earn a 100% interest in additional mineral claims that augment these properties. The company notes that it has commenced exploration on these expanded land positions, beginning with multispectral satellite analysis integrated with existing surveys.

Corporate and Capital Markets Activities

West Mining’s public disclosures include information on financing, marketing and corporate transactions. The company has announced non-brokered private placements conducted under the listed issuer financing exemption, with proceeds earmarked for exploration of its Spanish Mountain and Junker properties and for marketing. It has also reported share issuances to settle outstanding debt with arm’s-length creditors, specifying the number of shares, deemed prices and applicable hold periods under Canadian securities laws.

In addition, West Mining has disclosed marketing agreements with third-party firms to provide digital and online marketing services, including search engine optimization, pay-per-click campaigns, social media and other channels aimed at increasing corporate awareness. These agreements are described as arm’s-length, with the company paying cash fees and stating that the marketing providers do not hold securities of West Mining as of the dates of the respective agreements.

Project Optioning and Royalty Arrangements

West Mining has reported entering into option agreements related to its properties. One such agreement grants a private Alberta corporation an option to acquire a 100% interest in West’s Kena Property, subject to specified cash payments, share issuances and exploration expenditure commitments over several years. The company notes that the optionee is arm’s length to West Mining and that any shares issued under the agreement are subject to applicable securities law hold periods and, where relevant, stock exchange policies.

In another agreement, West Mining has the option to earn a 100% interest in mineral claims that extend its Spanish Mountain West and Junker property areas. Under this option, West is to issue common shares to the optionor and, upon exercise of the option, grant a net royalty interest on the claims, with a provision allowing West to buy back a portion of the royalty for a fixed amount within a specified period following the commencement of commercial production.

Regulatory and Technical Oversight

West Mining’s technical disclosures repeatedly reference compliance with Canadian securities regulations, including National Instrument 43-101 (NI 43-101). The company identifies qualified persons, such as professional geologists and engineers, who have reviewed and approved the scientific and technical information in its news releases. It also notes that laboratory work for assays and multi-element analyses is conducted by accredited laboratories that follow ISO standards, with internal QA/QC procedures including blanks, duplicates and certified reference materials.

Forward-looking information and risk factors are highlighted in the company’s releases, where West Mining cautions that statements regarding the potential of its mineral properties, capital requirements, operating costs and future expenditures are subject to risks and uncertainties. The company advises readers not to place undue reliance on such forward-looking information and refers to its public disclosure record on SEDAR+ for additional details.

Summary

According to its public statements, West Mining Corp. is focused on mineral exploration in British Columbia, with a flagship gold project at Kena and additional interests in the Spanish Mountain and Junker properties. Its activities include resource estimation, historic data verification, advanced geophysical and satellite analysis, and corporate transactions such as options, financings and marketing agreements. Investors and researchers can review West Mining’s technical reports, resource estimates and corporate filings through its public disclosure record referenced in the company’s news releases.