20:09:40 EDT Fri 01 May 2026
Enter Symbol
or Name
USA
CA



Western Star Resources Inc (2)
Symbol WSR
Shares Issued 35,950,959
Close 2026-05-01 C$ 0.60
Market Cap C$ 21,570,575
Recent Sedar+ Documents

Western Star applies to supply tungsten to U.S.

2026-05-01 16:24 ET - News Release

Mr. Blake Morgan reports

WESTERN STAR RESOURCES SUBMITS APPLICATION IN RESPONSE TO SOLICITATION FROM THE U.S. DEFENSE INDUSTRIAL BASE CONSORTIUM; ENGAGES PLUTUS INVEST & CONSULTING GMBH FOR INVESTOR RELATIONS SERVICES

Western Star Resources Inc. has submitted its application in response to a solicitation from the U.S. Defense Industrial Base Consortium to provide to the United States a reliable supply of critical minerals, focusing on tungsten (WO3). In February, 2026, the DIBC issued a new request for project proposal focused on strategic critical minerals. The DoW has prioritized identification of supply chain alternatives for defence-critical minerals used in the production of aircraft, missiles, semiconductors and other defence technologies.

The DIBC is managed by Advanced Technology International on behalf of the U.S. Department of War. The DIBC aims to expand and diversify the defence industrial base in the United States, enable private-sector businesses to work in partnership with the U.S. government, provide non-dilutive financing for key contractors, and provide the U.S. government access to commercial solutions for defence requirements.

Critical metals are considered essential for the U.S. defence industrial base, and the U.S. government is engaged in strategic planning, initiatives and funding to ensure it can access and onshore domestic production capabilities and supply.

Blake Morgan, the chief executive officer and president of Western Star, stated: "Western Star Resources is pleased to support DIBC initiatives focusing on strategic critical minerals. Our team will be travelling to Washington in May for meetings to discuss our past-producing tungsten asset. We believe this asset offers significant upside and look forward to demonstrating its potential as we approach our maiden drill program in 2026. Additionally, we will provide further updates shortly regarding the recently announced Rowland exploration program."

Engagement of Plutus Invest & Consulting GmbH

The company announces it has entered into an investor relations and marketing service agreement dated April 28, 2026, with Plutus Invest & Consulting GmbH pursuant to which Plutus will provide services to the company for a 12-month term commencing on May 1, 2026. The services to be provided by Plutus include consultation regarding advertorial marketing and public relations strategies, and designing and implementing an advertisement-based investor awareness campaign focused on the European investment market at financial news portals, investor newsletters, social media platforms like X, LinkedIn, YouTube, Reddit and Telegram, paid digital advertising networks, and sponsored articles and video interviews on investor relations portals. The company has agreed to pay Plutus a fee of 200,000 euros payable on the commencement of services. The Plutus agreement was negotiated through arm's-length negotiations. The term of the Plutus agreement will end April 30, 2027. Plutus and its principals are arm's length to the company. The engagement of Plutus is subject to certain conditions, including, but not limited to, the submission of all required forms to the Canadian Securities Exchange.

Flow-through financing

The company is also pleased to announce a non-brokered private placement of 833,333 flow-through common shares at a price of 60 cents per FT share for gross proceeds of $500,000.

The gross proceeds received by the company from the offering will be used to incur eligible Canadian exploration expenses that are flow-through mining expenditures (as such term is defined in the Income Tax Act (Canada)) related to the company's Western Star project and will be used as deemed appropriate for qualifying expenses for the critical mineral tax credit.

All FT shares issued under the offering will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws. Completion of the offering remains subject to approval by the CSE.

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 ventures or sale with industry leaders. The company currently owns the past-producing Rowland property, a past-producing tungsten asset located in Jarbidge, Nev. Western Star also holds 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 10 kilometres north of the former community of Camborne.

We seek Safe Harbor.

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