Westhaven Gold Corp.

https://www.westhavengold.com

Westhaven Gold Corp. is a gold and silver-focused exploration and development company based in Vancouver, British Columbia, Canada. The company's primary mission is to identify and advance low sulphidation, high-grade, epithermal style gold and silver mineralization within the Spences Bridge Gold Belt in southern British Columbia.

Westhaven controls approximately 60,263 to 61,512 hectares across four gold properties within this underexplored belt, including Shovelnose, Prospect Valley Gold, Skoonka Creek Gold, and Skoonka North. The Shovelnose gold project is the most advanced, with an updated 2025 Preliminary Economic Assessment (PEA) validating its potential as a robust, low-cost, and high-margin 11-year underground gold mining opportunity. The PEA projects an average annual life-of-mine production of 56,000 ounces of gold and 313,000 ounces of silver, with a CDN$454 million after-tax net present value and a 43.2% internal rate of return.

Ken Armstrong serves as the President and CEO, appointed in May 2025, with Eira Thomas as Chairperson. In February 2026, Westhaven closed a strategic earn-in agreement with Dundee Corporation, which may earn up to a 60% interest in Westhaven's four Spences Bridge Gold Belt properties through up to CDN$85 million in staged project expenditures. The initial phase includes a minimum CDN$30 million commitment from Dundee, funding a 50,000-meter drill program at Shovelnose in 2026. Westhaven also listed on the OTCQB Venture Market in February 2026 and appointed senior leaders in Indigenous, Community Relations, and Permitting in March 2026.

Latest updates

Westhaven Gold Hires Torrey Hills Capital for US Investor Outreach

Event summary

  • Westhaven Gold Corp. has engaged San Diego Torrey Hills Capital (SDTHC) for investor relations, effective April 1, 2026.
  • The initial agreement is for three months, with automatic renewal unless terminated with 30 days’ notice, at a monthly cost of US$7,000 plus expenses.
  • SDTHC will focus on strengthening Westhaven’s U.S. capital markets presence following its OTCQB listing.
  • The engagement follows Westhaven’s recent strategic earn-in agreement with Dundee Corporation, which includes a C$30 million funding commitment and a 50,000m drill program.

The big picture

This engagement reflects a growing trend among Canadian resource companies to actively cultivate U.S. investor interest, particularly as OTCQB listings become more common. The relatively modest fee suggests Westhaven is seeking targeted support rather than a full-scale, expensive IR overhaul. The timing aligns with the Dundee earn-in, indicating a coordinated effort to maximize visibility and potentially attract further investment as exploration progresses.

What we're watching

Market Penetration
The success of SDTHC’s efforts will hinge on its ability to meaningfully expand Westhaven’s U.S. investor base, given the relatively small size of the OTCQB market.
Dundee Impact
The effectiveness of the Dundee Corporation earn-in agreement will be a key driver of Westhaven’s valuation, and SDTHC’s communications will need to manage expectations around exploration results.
Regulatory Scrutiny
Continued compliance with TSXV guidelines and potential changes in regulatory reporting requirements could impact the scope and cost of Westhaven’s investor relations activities.

Westhaven Bolsters Leadership as Shovelnose Project Advances

Event summary

  • Westhaven Gold Corp. appointed Allison Rippin Armstrong as VP, Indigenous and Community Relations, and Pamela O’Hara as VP, Permitting and Government Affairs, effective April 1, 2026.
  • Allison Rippin Armstrong has been advising Westhaven for the past year and brings 30+ years of experience in permitting and Indigenous relations.
  • Pamela O’Hara brings over 30 years of experience in advancing mining and infrastructure projects, including work with Canadian Pacific Railway and Port of Vancouver.
  • Westhaven mobilized a second drill rig to the Shovelnose property as part of a $20 million, 50,000m drill program.
  • Dundee Corporation has committed a minimum of CDN$30 million to Westhaven, including funding for the 2026 drill program, as part of an earn-in agreement.

The big picture

The appointments signal a heightened focus on ESG and regulatory compliance within the Canadian mining sector, particularly as projects face increasing pressure to engage with Indigenous communities and adhere to stringent environmental standards. Dundee Corporation’s significant investment underscores the potential of the Spences Bridge Gold Belt, but also highlights the risks associated with developing large-scale mining operations in a politically sensitive environment. The move reflects a broader trend of mining companies prioritizing social license to operate alongside resource extraction.

What we're watching

Community Relations
The success of Westhaven’s Shovelnose project hinges on building and maintaining strong relationships with Indigenous communities, and Rippin Armstrong’s experience will be critical to navigating these complex dynamics.
Regulatory Scrutiny
Increased regulatory scrutiny of mining projects in British Columbia could impact the timeline and cost of permitting, and O’Hara’s expertise will be vital in managing these challenges.
Dundee Commitment
Whether Dundee Corporation will fully deploy its committed $30 million investment will be a key indicator of their confidence in the Shovelnose project’s long-term viability.

Dundee Invests $85M in Westhaven Gold's Spences Bridge Projects

Event summary

  • Westhaven Gold Corp. and Dundee Corporation have finalized an $85 million earn-in agreement.
  • Dundee will fund up to $85 million to acquire up to a 60% interest in Westhaven’s Shovelnose and other projects within the Spences Bridge Gold Belt.
  • The initial phase requires Dundee to invest at least $30 million by February 20, 2029, to earn a 25% interest.
  • The first $20 million of the initial investment will be allocated to 50,000 meters of resource and exploration drilling in 2026.
  • A joint venture company (JVCo) will be formed, with board representation initially favoring Westhaven, shifting to a more balanced structure as Dundee’s stake increases.

The big picture

This agreement represents a significant capital injection into a relatively underexplored region of British Columbia, signaling renewed interest in epithermal gold deposits. Dundee’s involvement provides Westhaven with the financial muscle to accelerate development at Shovelnose, but also introduces a major shareholder with a vested interest in project outcomes. The structure of the earn-in, with staged investment and shifting governance, is typical of resource financing deals designed to mitigate risk and align incentives.

What we're watching

Execution Risk
The success of the partnership hinges on Dundee’s ability to deliver on the $85 million commitment and achieve exploration targets within the defined timeline, particularly given the volatile nature of resource exploration.
Governance Dynamics
The evolving board composition of JVCo, shifting power towards Dundee as investment milestones are met, will be a key indicator of the partnership's operational control and strategic direction.
Regional Upside
The potential for further discoveries within the Spences Bridge Gold Belt beyond the Shovelnose project will be critical to justifying Dundee’s substantial investment and realizing the full value of the agreement.

Westhaven Secures $85M Dundee Earn-In, Bolstering Spences Bridge Development

Event summary

  • Westhaven Gold Corp. shareholders approved an $85 million earn-in transaction with Dundee Corporation.
  • The approval rate was overwhelmingly positive, with 99.69% of votes cast in favor.
  • Approximately 35% of Westhaven's outstanding shares were represented at the shareholder meeting.
  • Final approval from the TSX Venture Exchange is still pending.

The big picture

This earn-in agreement represents a significant capital injection for Westhaven, allowing for accelerated exploration and development of the Shovelnose Gold project. The deal underscores the ongoing interest in the Spences Bridge Gold Belt, a region previously considered underexplored. Dundee's involvement brings substantial financial resources and expertise, potentially de-risking the project and attracting further investment, but also introduces a new stakeholder with its own strategic objectives.

What we're watching

Regulatory Approval
The timing of TSX Venture Exchange approval will be a key indicator of any potential hurdles or conditions attached to the transaction, and could impact Westhaven’s near-term operational plans.
Dundee Execution
The success of the partnership hinges on Dundee’s ability to effectively deploy the capital and expertise to advance the Shovelnose Gold project, and whether their exploration strategy aligns with Westhaven’s vision.
Market Sentiment
Continued positive market sentiment towards gold exploration and development will be crucial for Westhaven to maintain investor confidence and potentially secure further financing down the line.

Westhaven Kicks Off $20M Drill Program Amidst Dundee Transaction Uncertainty

Event summary

  • Westhaven Gold Corp. has commenced a 50,000-meter drill program at its Shovelnose project in British Columbia.
  • The program is budgeted at approximately CDN$20 million and expected to utilize up to four drill rigs.
  • The drilling is contingent on shareholder approval of a proposed transaction with Dundee Corporation, scheduled for February 17, 2026.
  • The program aims to expand the existing resource base and explore for additional gold and silver deposits.

The big picture

Westhaven's aggressive drilling program signals a renewed focus on expanding the Shovelnose project's resource base, a key strategy for junior gold miners seeking to attract investment and potentially become acquisition targets. The reliance on a transaction with Dundee Corporation introduces a layer of uncertainty, as the deal's approval will determine the extent of Westhaven's planned exploration activities. The project's existing PEA suggests a potentially valuable asset, but the success of the drilling program will be crucial in realizing that potential.

What we're watching

Governance Dynamics
The outcome of the shareholder vote regarding the Dundee transaction will dictate the future direction of Westhaven and its exploration activities, potentially impacting the scope and timeline of the drill program.
Execution Risk
The ability to mobilize and maintain four drill rigs, particularly in a remote location like Spences Bridge, presents logistical and operational challenges that could impact the program's efficiency and cost.
Resource Validation
The drill results from the South Zone infill drilling will be critical in validating the Preliminary Economic Assessment and confirming the project's economic viability, influencing investor sentiment and potential future financing.

Westhaven Gold Secures OTCQB Listing, Eyes Strategic Partnership

Event summary

  • Westhaven Gold Corp. (TSX-V: WHN, OTCQB: WTHVF) began trading on the OTCQB Venture Market on February 9, 2026.
  • The company is seeking a CDN$85 million strategic earn-in and joint venture partnership with Dundee Corporation, to be considered at a shareholder meeting on February 17, 2026.
  • Westhaven’s Shovelnose Gold project has a Preliminary Economic Assessment projecting 56,000 ounces of gold and 313,000 ounces of silver annually over 11 years.
  • The PEA estimates a CDN$454 million after-tax net present value (at a 6% discount rate) and 43.2% IRR.

The big picture

Westhaven’s OTCQB listing is a common tactic for Canadian resource companies seeking broader U.S. investor access. The pending partnership with Dundee Corporation represents a substantial capital injection, crucial for advancing the Shovelnose Gold project. This move underscores the ongoing trend of resource companies seeking strategic partnerships to fund exploration and development, particularly as capital markets remain sensitive to commodity price volatility.

What we're watching

Partnership Execution
The success of Westhaven hinges on securing the CDN$85 million partnership with Dundee Corporation; failure to finalize the deal could significantly impact the company’s funding and development plans.
Production Costs
The Preliminary Economic Assessment’s assumptions around gold and silver prices, and the CDN/USD exchange rate, will be critical to monitor, as any significant deviation could impact the project’s profitability.
Market Sentiment
Increased visibility on the OTCQB market may attract new investors, but Westhaven’s stock performance will ultimately depend on continued exploration success and the broader market’s appetite for precious metals.

Westhaven Adds Seasoned Mining Veteran Anderson to Board

Event summary

  • Westhaven Gold Corp. appointed Patrick F.N. Anderson as an Independent Director, effective immediately.
  • Anderson, founder and CEO of Dalradian Resources, brings a 30-year track record in mineral resource development, including the Fruta del Norte and Curraghinalt deposits.
  • Westhaven granted 7,025,000 incentive stock options to directors, officers, employees, and consultants, including 200,000 to Peterson Capital as compensation for investor relations services.
  • The stock options have an exercise price of $0.25 and expire on February 4, 2031, with vesting schedules for different groups.
  • Westhaven’s Shovelnose Gold project has a Preliminary Economic Assessment indicating a CDN$454 million after-tax NPV and 43.2% IRR.

The big picture

The appointment of Patrick Anderson signals a renewed focus on aggressive exploration and development at Westhaven, leveraging his experience in discovering and developing large-scale gold deposits. This move suggests a desire to accelerate growth and potentially attract further investment, particularly given the current favorable gold price environment. Anderson's involvement could also indicate a shift towards more sophisticated capital markets strategies for the company.

What we're watching

Execution Risk
Anderson's track record is impressive, but the success of his involvement hinges on Westhaven’s ability to effectively integrate his expertise and execute its exploration and development plans in the Spences Bridge Gold Belt.
Capital Allocation
The significant stock option grant, particularly to Peterson Capital, warrants scrutiny to ensure it aligns with shareholder interests and doesn’t dilute existing equity unnecessarily.
Exploration Success
The market’s enthusiasm will be tied to Westhaven’s ability to deliver on Anderson’s stated goal of pushing forward with further discoveries in the under-explored epithermal camp.

Westhaven Drilling Highlights New Epithermal Vein System at Shovelnose

Event summary

  • Westhaven Gold Corp. released final drilling results from its 2025 program at the Shovelnose Gold Project in British Columbia.
  • Drill hole SN25-442 intersected 70.79m grading 1.13 g/t Au and 14.1 g/t Ag, including a high-grade interval of 8.05m grading 6.18 g/t Au and 89.7 g/t Ag.
  • Drill holes SN25-440 and -441 identified new northwest-trending structural zones and a distinctive breccia unit, suggesting potential for additional mineralization.
  • The company plans a 2026 drilling program with up to four drills, funded by an $85 million earn-in agreement with Dundee Corporation, starting in mid-February.

The big picture

Westhaven’s results underscore the ongoing potential within the Spences Bridge Gold Belt, a region attracting increased attention from exploration companies. The $85 million investment from Dundee Corporation signals confidence in the project’s long-term viability and positions Westhaven to aggressively expand its resource base. The discovery of new structural zones and mineralization further validates the district-scale potential of the Shovelnose project and the broader SBGB.

What we're watching

Exploration Success
The identification of a new vein system warrants close monitoring of 2026 drilling results to determine the extent and grade of this previously unknown mineralization.
Partnership Impact
The Dundee Corporation earn-in provides significant funding; the success of Westhaven's exploration will be directly tied to Dundee's continued commitment and technical expertise.
Resource Expansion
Infill drilling at the South Zone will be critical to expanding the existing resource estimate and validating the economics of the project's preliminary economic assessment.

Westhaven Gold Bolsters Investor Relations as Shovelnose Project Advances

Event summary

  • Westhaven Gold Corp. has granted 400,000 stock options to an officer, exercisable at CDN$0.25 and expiring December 2030.
  • The company engaged Peterson Capital, an Edmonton-based investor relations firm, effective January 1, 2026.
  • Peterson Capital will receive a CDN$110,000 fee for twelve months of services, pending TSXV approval.
  • Westhaven’s Shovelnose Gold project has a recently updated Preliminary Economic Assessment (PEA) projecting 56,000 ounces of annual gold production.

The big picture

This engagement signals Westhaven’s intent to actively manage its public image and investor relations as it progresses the Shovelnose Gold project. Securing a dedicated IR firm is a common step for companies seeking to raise capital and broaden their investor base, particularly in the resource sector where market sentiment can be volatile. The relatively modest fee suggests Westhaven is seeking targeted support rather than a full-scale communications overhaul.

What we're watching

Financial Impact
The effectiveness of Peterson Capital’s services will be key to monitoring, as the CDN$110,000 fee represents a material expense for a junior exploration company.
Shareholder Alignment
The stock option grant, while standard, warrants scrutiny to ensure alignment between executive compensation and shareholder value, particularly given the relatively low exercise price.
Project Execution
The success of the Shovelnose project, as outlined in the PEA, will ultimately dictate the value of Westhaven and the returns for both existing investors and Peterson Capital.
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