02:46:10 EST Wed 18 Feb 2026
Enter Symbol
or Name
USA
CA



Western Star Resources Inc (2)
Symbol WSR
Shares Issued 15,618,705
Close 2026-02-17 C$ 0.295
Market Cap C$ 4,607,518
Recent Sedar+ Documents

Western Star increases financing to $3-million

2026-02-17 20:42 ET - News Release

Mr. Blake Morgan reports

WESTERN STAR RESOURCES INCREASES NON-BROKERED PRIVATE PLACEMENT FOR AGGREGATE PROCEEDS OF CAD $3,000,000

Western Star Resources Inc. intends to increase the previously announced non-brokered private placement to up to 20 million units of the company at a price of 15 cents per unit for aggregate gross proceeds of up to $3-million.

Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at a price of 30 cents for a period of 24 months from the date of issuance.

The company intends to use the net proceeds to define high-priority drill targets at its Western Star project, and to complete its critical metals move into Nevada, general working capital and market awareness. The private placement remains subject to receipt of all required approvals, including the approval of the Canadian Securities Exchange, as well as execution of formal documentation.

Western Star president and chief executive officer Blake Morgan states: "We are extremely pleased with the strong interest in this financing, which reflects growing recognition of tungsten and critical minerals as strategic resources in North America. This capital positions Western Star to aggressively advance high-priority drill targets at our Western Star project while accelerating our expansion into Nevada. We believe we are building meaningful exposure to a commodity that is increasingly vital to defence, infrastructure and advanced technologies."

The company also announces that it has granted 150,000 stock options to a consultant of the company pursuant to its stock option plan. The options are exercisable at a price of 27 cents per share for a period of three years from the date of grant.

Additional information

Additional information about the company and the transaction is available on SEDAR+ under the company's profile. The summary of the transaction set out above is qualified in its entirety by reference to the description of the transaction in the company's filing statement posted on SEDAR+.

About Western Star Resources Inc.

Western Star Resources is a mineral exploration and development company. The company's objective is to increase shareholder value through the development of exploration properties using cost-effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders. The company currently owns nine non-surveyed contiguous mineral claims totalling 4,740 hectares, which are located within the Revelstoke mining division of British Columbia. The Western Star property group is located approximately 50 kilometres southeast of Revelstoke, B.C., and roughly 10 kilometres north of the abandoned community of Camborne.

We seek Safe Harbor.

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