23:47:26 EST Wed 25 Feb 2026
Enter Symbol
or Name
USA
CA



Western Star Resources Inc (2)
Symbol WSR
Shares Issued 15,618,705
Close 2026-02-25 C$ 0.35
Market Cap C$ 5,466,547
Recent Sedar+ Documents

Western Star Resources closes $3.04-million financing

2026-02-25 17:40 ET - News Release

Mr. Blake Morgan reports

WESTERN STAR RESOURCES CLOSES OVER $3,000,000 IN OVER SUBSCRIBED PRIVATE PLACEMENT

Western Star Resources Inc., further to its news release of Feb. 17, 2026, has closed its non-brokered private placement and raised $3,046,089 through the issuance of 20,307,254 units at a price of 15 cents per unit. Each unit comprises one common share and one share purchase warrant with each warrant entitling the holder to purchase one common share at a price of 30 cents per warrant share expiring Feb. 23, 2028.

The company paid finders' fees of $83,119.01 and issued 553,887 finders' warrants at a price of 30 cents for period of two years expiring Feb. 23, 2028. All securities issued are subject to a four-month hold period expiring June 24, 2026.

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, for general working capital, and for market awareness.

Blake Morgan, chief executive officer, states: "We're pleased to complete this private placement and now focus on advancing our tungsten project. With strengthening tungsten prices and increasing strategic attention on securing reliable, domestic supply, Western Star Resources is well positioned to capitalize on the growing momentum in the sector. Market dynamics have shifted meaningfully and tungsten is re-emerging as a critical mineral of importance."

The company also announces that it has granted an aggregate of two million stock options to certain directors, officers, employees and consultants of the company pursuant to its rolling stock option plan. Each option is exercisable to acquire one common share of the company at an exercise price of 30 cents per share for a period of three years from the date of grant. The options will be fully vested when issued and are subject to acceptance by the Canadian Securities Exchange.

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.

© 2026 Canjex Publishing Ltd. All rights reserved.