Westhaven Gold Corp.
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Westhaven Gold and Dundee Corporation Announce Closing of Strategic $85M Earn-In Agreement to Advance Shovelnose and the Spences Bridge Gold Belt, British Columbia
Globenewswire· 2026-02-23 12:00
Core Viewpoint - Westhaven Gold Corp. and Dundee Corporation have finalized an Earn-In Agreement allowing Dundee to acquire up to a 60% interest in Westhaven's gold projects in British Columbia, contingent upon funding CDN$85 million in project expenditures [1][2]. Group 1: Agreement Details - The Earn-In Agreement grants Dundee the right to earn an initial 25% interest by investing at least CDN$30 million by February 20, 2029 [2]. - Dundee's total investment commitment is CDN$85 million, which will fund exploration and development activities across multiple projects [1][3]. - The agreement includes a joint venture structure where Dundee's interest will be held through a newly incorporated subsidiary, JVCo, with specific board composition and governance terms [4][5]. Group 2: Project Overview - The projects are located in the Spences Bridge Gold Belt, an area known for its potential for epithermal style gold mineralization, covering approximately 615 square kilometers [6][9]. - The Shovelnose Gold Project is highlighted as the most advanced property, with a Preliminary Economic Assessment indicating a potential average annual production of 56,000 ounces of gold and 313,000 ounces of silver [10]. Group 3: Strategic Implications - The partnership is viewed as a significant milestone for both companies, combining Dundee's financial strength with Westhaven's operational expertise [3]. - The initial phase of funding will include 50,000 meters of resource and exploration drilling in 2026, emphasizing a commitment to advancing the Shovelnose project [3].
Westhaven Shareholders Approve the Proposed $85 Million Earn-In Transaction With Dundee
Globenewswire· 2026-02-17 21:00
Core Viewpoint - Westhaven Gold Corp. has successfully obtained shareholder approval for the Earn-In Transaction with Dundee Corporation, indicating strong support for the company's strategic direction and future growth potential [1][2]. Shareholder Approval - The ordinary resolution for the Earn-In Transaction received overwhelming support, with 99.69% of votes in favor from shareholders present or represented by proxy at the special meeting [2]. - A total of 86,911,531 common shares were represented at the meeting, accounting for approximately 35% of the total issued and outstanding common shares as of the record date [2]. Earn-In Transaction Details - Further information regarding the terms of the Earn-In Transaction can be found in the management information circular dated January 9, 2026, available on the company's SEDAR+ profile [3]. - The transaction is still subject to final approval from the TSX Venture Exchange [3]. Company Overview - Westhaven Gold Corp. focuses on gold and silver exploration and development, targeting high-grade epithermal mineralization in the Spences Bridge Gold Belt, British Columbia [4]. - The company controls approximately 60,263 hectares across four gold properties in this underexplored region [4]. Shovelnose Gold Project - The Shovelnose Gold project is highlighted as the most advanced property, featuring a Preliminary Economic Assessment that supports its potential as a low-cost, high-margin underground mining opportunity [5]. - The project is projected to have an average annual life-of-mine production of 56,000 ounces of gold and 313,000 ounces of silver, with an after-tax net present value of CDN$454 million at a 6% discount rate and an internal rate of return (IRR) of 43.2% based on base case parameters [5].
Westhaven Launches 50,000m 2026 Drill Program at the Shovelnose Gold and Silver Project, Southern British Columbia
Globenewswire· 2026-02-17 12:00
VANCOUVER, British Columbia, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V: WHN) (OTCQB: WTHVF) (“Westhaven” or the “Company”) is pleased to report the start of drilling at the Company's Shovelnose gold and silver Project in the Spences Bridge Gold Belt of southern British Columbia. Subject to the outcome of today’s special meeting of Westhaven shareholders to consider the proposed transaction with Dundee Corporation (TSX: DC.A) (“Dundee”), as previously described in the Company’s news relea ...
Westhaven Lists on the OTCQB Venture Market
Globenewswire· 2026-02-09 12:00
VANCOUVER, British Columbia, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V: WHN) (OTCQB: WTHVF) (“Westhaven” or the “Company”) is pleased to announce that the Company's stock will commence trading on the OTCQB Venture Market (“OTCQB”), effective today, February 9, 2026, under the symbol "WTHVF". Ken Armstrong, President & CEO of Westhaven, commented, “Listing Westhaven on the OTCQB increases our visibility and enhances trading accessibility for U.S. investors, providing a more efficient way ...
Westhaven Appoints Anderson to Board of Directors and Grants Stock Options
Globenewswire· 2026-02-05 12:00
Core Viewpoint - Westhaven Gold Corp. has appointed Patrick F.N. Anderson as an Independent Director to strengthen its Board and support its exploration and growth strategy in British Columbia's Spences Bridge Gold Belt [1][2]. Group 1: Appointment of Patrick Anderson - Patrick Anderson brings over 30 years of experience in the global mineral resource sector, having held key roles in various gold, base metals, and diamond projects [2]. - His notable achievements include leading the discovery of over 6 million ounces of gold at the Curraghinalt deposit and overseeing the discovery of the 13.7-million-ounce Fruta del Norte deposit [2]. - Anderson expressed enthusiasm about contributing to Westhaven's exploration efforts in his home province of British Columbia [2]. Group 2: Equity Incentive Plan - The Company has granted a total of 7,025,000 incentive stock options to directors, officers, employees, and consultants, exercisable at $0.25 per share until February 4, 2031 [3]. - Of the total options granted, 2,900,000 are allocated to directors and vest on the grant date, while those for officers, employees, and consultants vest in thirds over eighteen months [3][4]. - Following this grant, there are 22,405,000 stock options outstanding, representing 8.6% of the Company's issued and outstanding common shares [4]. Group 3: Company Overview - Westhaven Gold Corp. focuses on gold exploration and development, targeting low sulphidation, high-grade epithermal gold mineralization within the Spences Bridge Gold Belt [5]. - The Company controls approximately 60,263 hectares across four gold properties in this underexplored region [5]. Group 4: Shovelnose Gold Project - The Shovelnose Gold project is the most advanced property, with a Preliminary Economic Assessment indicating a potential for robust, low-cost, high-margin underground gold mining [6][7]. - The project is projected to have an average annual life-of-mine production of 56,000 ounces of gold and 313,000 ounces of silver, with an after-tax net present value of CDN$454 million at a 6% discount rate [7].
Westhaven Reports Final 2025 Drilling Results From the Shovelnose Gold Project, British Columbia, Including 8.05m Grading 6.18 g/t Au and 89.7 g/t Ag at South Zone Deposit
Globenewswire· 2026-01-26 12:00
VANCOUVER, British Columbia, Jan. 26, 2026 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V: WHN) (“Westhaven” or the “Company”) is pleased to report results from the final five drill holes of its 2025 drilling program at the Shovelnose Gold Project (“Shovelnose”), located within southern British Columbia’s Spences Bridge Gold Belt (“SBGB”). Highlights of this work include: SN25-442 (South Zone) assays returned 70.79m grading 1.13 g/t Au and 14.1 g/t Ag, including 8.05m grading 6.18 g/t Au and 89.7 g/t Ag. P ...
Westhaven Announces Special Meeting Materials Now Available
Globenewswire· 2026-01-14 12:00
Core Viewpoint - Westhaven Gold Corp. is preparing for a special meeting of shareholders on February 17, 2026, to vote on a joint venture agreement with Dundee Corporation, which involves the potential disposal of up to 60% interest in several gold projects [1][2]. Group 1: Meeting Details - The special meeting will take place in person at 1133 Melville Street, Suite 3500, The Stack, Vancouver, British Columbia, at 10:00 a.m. on February 17, 2026 [3]. - Shareholders are encouraged to vote on the Transaction Resolution, which pertains to the joint venture agreement with Dundee [2][4]. - The deadline for proxy voting is set for 10:00 a.m. on February 12, 2026 [4]. Group 2: Company Overview - Westhaven Gold Corp. focuses on gold exploration and development, targeting high-grade epithermal style gold mineralization in the Spences Bridge Gold Belt, controlling approximately 61,512 hectares across four properties [5]. - The Shovelnose Gold Project is highlighted as the most advanced property, with a Preliminary Economic Assessment indicating an 11-year underground mining opportunity, projecting average annual production of 56,000 ounces of gold and 313,000 ounces of silver, with an after-tax net present value of CDN$454 million and an internal rate of return of 43.2% based on specific market conditions [6].
Westhaven Closes CDN$3 Million Private Placement with Dundee Corporation
Globenewswire· 2026-01-03 02:07
Core Viewpoint - Westhaven Gold Corp. has successfully closed a private placement with Dundee Corporation, raising CDN$3 million through the issuance of 12 million common shares at CDN$0.25 per share [1][2]. Group 1: Financing Details - The financing will allocate up to CDN$2 million for exploration activities, primarily for drilling, with CDN$500,000 designated for property maintenance and the remainder for general working capital [2]. - The common shares issued are subject to resale restrictions in accordance with Canadian securities legislation and TSX Venture Exchange policies [2]. Group 2: Company Overview - Westhaven Gold Corp. is focused on gold exploration and development, targeting high-grade epithermal gold mineralization in the Spences Bridge Gold Belt, British Columbia, controlling approximately 61,512 hectares across four properties [3]. Group 3: Project Highlights - The Shovelnose Gold project is the most advanced, featuring a 2025 Preliminary Economic Assessment that indicates an 11-year underground mining opportunity with an average annual production of 56,000 ounces of gold and 313,000 ounces of silver [4]. - The project has an after-tax net present value of CDN$454 million at a 6% discount rate and an internal rate of return (IRR) of 43.2%, based on base case parameters of US$2,400 per ounce of gold and US$28 per ounce of silver [4].
Westhaven Announces Grant of Incentive Stock Options and Peterson Capital Engagement
Globenewswire· 2025-12-24 14:30
Core Viewpoint - Westhaven Gold Corp. has made significant announcements regarding stock options and a new investor relations agreement, indicating a strategic move to enhance investor engagement and support its growth initiatives [1][2]. Stock Options - Westhaven has granted 400,000 incentive stock options to an Officer, exercisable at CDN$0.25 per share until December 23, 2030, bringing the total outstanding stock options to 16,805,000, which is 6.9% of the company's issued shares [1]. Investor Relations Agreement - Effective January 1, 2026, Westhaven has entered into a consulting agreement with Peterson Capital for investor relations services, which includes outreach and marketing initiatives [2][5]. - The agreement has a term of twelve months and includes consultant fees of CDN$110,000, payable in a single installment, subject to TSX Venture Exchange approval [6]. Company Overview - Westhaven Gold Corp. focuses on gold exploration and development, targeting high-grade epithermal gold mineralization in the Spences Bridge Gold Belt, controlling approximately 61,512 hectares across four properties [7]. - The Shovelnose Gold project is highlighted as the most advanced property, with a Preliminary Economic Assessment indicating an average annual production of 56,000 ounces of gold and an after-tax NPV of CDN$454 million at a 6% discount rate [8].
Westhaven and Dundee Corporation Sign Definitive $85 Million Earn-In Agreement to Advance Shovelnose and the Spences Bridge Gold Belt, British Columbia
Globenewswire· 2025-12-22 12:00
Core Viewpoint - Westhaven Gold Corp. and Dundee Corporation have entered into a definitive earn-in agreement allowing Dundee to acquire up to a 60% interest in Westhaven's gold projects in British Columbia, contingent upon funding CDN$85 million in project expenditures, including a firm commitment of CDN$30 million [1][3][5]. Financial Aspects - Dundee can earn a 60% interest by funding up to CDN$85 million in project expenditures [5][8]. - A firm commitment of CDN$30 million must be funded within three years of the effective date of the agreement [8][10]. - Dundee will also subscribe for 12,000,000 common shares of Westhaven at CDN$0.25 per share, generating gross proceeds of CDN$3 million for Westhaven [1][15]. Project Development Plans - The expected project expenditures for 2026 are projected at CDN$20 million, focusing on infill resource drilling, exploration drilling, and engineering studies for a pre-feasibility study [5][6]. - A 2026 drilling permit is in place, allowing for 650 drill pads to be completed until January 30, 2029 [5][6]. Strategic Importance - The agreement is seen as transformational for Westhaven, enhancing its potential to develop a multi-deposit gold mining camp in a region with strong infrastructure and a history of mining [3][4]. - Dundee's involvement is expected to provide financial strength and technical resources, complementing Westhaven's operational team [3][6]. Governance and Operational Structure - Westhaven will remain the operator until Dundee earns a 50% interest, after which Dundee may assume operatorship [9][11]. - The board of the newly incorporated subsidiary (JVCo) will initially consist of three nominees from Westhaven and two from Dundee, adjusting as Dundee's interest increases [11][12]. Regulatory and Approval Requirements - The effectiveness of the earn-in agreement is subject to approvals from the TSX Venture Exchange and Westhaven's shareholders, with a special meeting anticipated in early February 2026 [13][14].