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West Point Gold Announces Proceeds of $3.0 Million from Warrant Exercises; Expands Ongoing Drill Program at Gold Chain to 15,000m by Adding a Second Drill Rig
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2025) - West Point Gold Corp. (TSXV: ...
About this update from West Point Gold Corp.
[{"type":"text","content":"West Point Gold Announces Proceeds of $3.0 Million from Warrant Exercises; Expands Ongoing Drill Program at Gold Chain to 15,000m by Adding a Second Drill RigVancouver, British Columbia--(Newsfile Corp. - December 16, 2025) - West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) (\"West Point Gold\" or the \"Company\") is pleased to provide an update on recent warrant exercises and announce the expansion of its drill program to 15,000 metres (m) by adding a second drill rig.Highlights of this Release:Since September 30, 2025, a total of 6,271,071 warrants have been exercised for proceeds of C$3.0 million.As at December 15, 2025, the Company's cash balance is C$7.2 million, up from C$6.4 million at September 30, 2025.3,229 m have been drilled since drilling resumed in September 2025, results are pending for 1,594 m.The Company has decided to expand the ongoing drill program to 15,000 m (was 10,000 m).Second drill rig expected at site in early January 2026.\"The combination of our ongoing drilling success and better-than-expected balance sheet at this point in the program has us well-positioned to drill more aggressively in 2026. Our plan is to test Tyro South, a 1.2 km extension of the 1 km Tyro Main Zone, expand the Tyro Main Zone to depth, and test many of the other high-potential targets at Gold Chain,\" stated Derek Macpherson, President & CEO. \"We would like to thank our many supportive shareholders who have exercised warrants over the last few months, putting us in this strong financial position.\" Warrant Exercise UpdateSince September 30, 2025, a total of 6,271,071 warrants have been exercised for proceeds of C$3.0 million. As at December 15, 2025, the Company's cash balance is C$7.2 million, and shares outstanding are 108,072,448. The remaining warrants outstanding with expiries are detailed in Table 1. Table 1: Outstanding Warrants as at December 15, 2025EXPIRATIONEXERCISE PRICEWARRANTSVALUE03-MAY-2026$0.30780,500$234,15009-OCT-2026$0.401,909,986$763,99424-OCT-2026$0.455,809,425$2,614,24115-NOV-2026$0.405,387,652$2,155,06122-NOV-2026$0.401,220,000$488,00010-JUN-2027$0.45213,336$96,00110-JUN-2027$0.557,630,950$4,197,023TOTAL22,951,849$10,548,470 Expanded Drill Program at Gold ChainSince September, the Company has completed 3,229 m of drilling at the Tyro Main Zone. Initial drilling focused on infill dril...