West Mining Sells Junker Property for Cash and Shares
News related to:West Mining Corp · 2 min read
West Mining Corp., a mineral exploration company based in British Columbia, has reached a significant agreement to sell its Junker Property. The transaction, executed on October 8, 2026, will see the company transfer its rights in the Junker Property to Hi-View Resources Inc. and its wholly-owned subsidiary, Zeal Exploration Inc.
According to the terms of the agreement, West Mining will receive a total consideration of $7,500 in cash and 125,000 Hi-View common shares. The shares are subject to a four-month hold period, in line with applicable securities laws and the policies of the Canadian Securities Exchange. The transaction is expected to close on or before October 16, 2026, with West Mining planning to provide an update when warranted.
West Mining, which currently explores for copper, gold, and silver on its 100% owned Spanish Mountain West Property in central British Columbia, has diversified its portfolio through this sale. The company will continue its exploration activities on its other properties, including the Kena Property, which it has optioned to Upside Gold Corp.
The sale of the Junker Property is a strategic move for West Mining, allowing the company to focus its resources on its core exploration activities.
The transaction is part of West Mining's ongoing efforts to optimize its asset base and enhance shareholder value. The company remains committed to its exploration activities and is optimistic about the potential of its remaining properties.
West Mining Corp. is a mineral exploration company currently exploring for copper, gold, and silver on its 100% owned Spanish Mountain West Property in central British Columbia. West Mining also holds a 100% interest in the Kena Property, which it has optioned to Upside Gold Corp. The company's exploration activities are focused on identifying and developing mineral resources that can be exploited for commercial gain.
The sale of the Junker Property is expected to provide West Mining with immediate financial benefits, enabling the company to invest in its core exploration activities.
West Mining remains committed to its exploration activities and is optimistic about the potential of its remaining properties. The company will continue to monitor the progress of the transaction and provide updates as warranted.