Western Star Resources (CSE:WSR) has closed a non-brokered private placement, raising C$3.04 million ($3.12 million) through the issue of 20.3 million shares at C$0.15 per unit.
Each unit comprised one common share and one share purchase warrant, exercisable to purchase one common share at a price of C$0.30 per warrant share expiring 23 February 2028.
As previously reported, the funds will be used for drilling high-priority targets at its namesake project in British Columbia, Canada, as well as complete its critical minerals move in Nevada.
Western Star will be attending this year’s Prospectors & Developers Association of Canada (PDAC) in March 2026.
Previously speaking to Mining.com.au, CEO Blake Morgan said the company’s reason for attending PDAC is “simple – it’s the world’s leading mining convention, to engage investors, governments, and industry stakeholders”.
“PDAC represents a critical platform where capital, strategy, and opportunity converge – particularly in the critical minerals space. We are looking forward to attending PDAC and meetings are booking fast.”
The Western Star Project consists of intensely deformed, stratiform-type deposits consisting of siderite and mineralised quartz formations with pyrite, galena, and sphalerite. The project covers 2,797.69 hectares and is located in British Columbia, Canada.
Western Star’s Nevada tungsten projects represent past-producing operations with established infrastructure and known high-grade mineralisation.
PDAC kicks off next week between 1-4 March 2026 in Toronto, and is set to showcase the important role Canada continues to play in the global mining industry landscape. Mining.com.au is an official media partner and will be on the floor at this year’s event.
With Canada being a global leader in potash production and ranking among the top five global producers of aluminium, gold, indium, niobium, platinum group metals, titanium concentrate, and uranium, the convention brings together more than 30,000 attendees from over 125 countries.
As of 2023, Canada produced 60 minerals and metals across 200 mines, 6,500 sand, gravel and stone quarries – valued at more than C$71 billion.
The PDAC convention, which is set to host the largest trade show in its history this year, is considered the ‘Super Bowl’ of the mineral exploration and mining community, as reported.
Write to Aaliyah Rogan at Mining.com.au
Images: Western Star Resources
