Western Star Resources Closes Over $3,000,000 in Over Subscribed Private Placement

Executive Summary

• Western Star Resources closed a non‑brokered private placement, raising $3,046,089 through the issuance of 20,307,254 units at $0.15 per unit.
• Each unit includes one common share and one warrant to purchase an additional share at $0.30 (expires 23 Feb 2028).
• Net proceeds will be used to define high‑priority drill targets on the Western Star Project, advance critical‑metals work in Nevada, fund general working capital, and increase market awareness.

Key Details

• Units sold: 20,307,254 at $0.15 per unit → gross proceeds $3,046,089.
• Unit composition: 1 common share + 1 warrant (exercise price $0.30, expiry 23 Feb 2028).
• Finder’s fees: $83,119.01 paid; 553,887 finder warrants issued at $0.30 each, two‑year term, expiring 23 Feb 2028.
• Hold period: All securities subject to a four‑month hold until 24 Jun 2026.
• Use of proceeds:
• Define high‑priority drill targets at the Western Star Project (tungsten).
• Complete critical‑metals expansion into Nevada.
• General working capital.
• Market awareness initiatives.
• Stock option grant: 2,000,000 options granted to directors, officers, employees and consultants; exercise price $0.30 per share; three‑year term; fully vested on issuance; subject to CSE acceptance.
• Regulatory disclaimer: Securities not registered under U.S. securities laws; cannot be offered/sold in the United States absent exemption.

Notable Quotes

“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.” – Blake Morgan, CEO & Director

All boilerplate, forward‑looking statements, and legal disclaimers have been omitted for brevity.