Business
WestGold Metals Announces Non-Brokered Offering of up to $2 Million Fully Allocated
(via TheNewswire) Vancouver, British Columbia – May 21, 2026 – TheNewswire - WestGold Metals Corp. (“WestGold” or the “Company”) (CSE: WGM; OTCQB: WGMTF; FSE:
About this update from Westgold Metals Corp.
[{"type":"text","content":"\n \n(via TheNewswire)\n\n \n\n\n\n\nVancouver, British Columbia – May 21, 2026 – TheNewswire - WestGold Metals Corp. (“WestGold” or the “Company”) (CSE: WGM; OTCQB: WGMTF; FSE: V0U) is pleased to announce that its previously announced non-brokered private placement for gross proceeds of up to C$2,000,000 (the \"Offering\") is now fully allocated.\n\n\n\n\n\nJames Hocking, Chief Executive Officer and Director of WestGold, commented:\n\n\n\n\n\n\"We are very pleased and humbled by the strong investor response to this Offering. The support we have received reflects confidence in WestGold's strategy and the quality of the Idaho Portfolio we are building. We look forward to closing in the coming weeks and deploying this capital to advance our technical work programs.\"\n\n\n\n\n\nAs previously announced on May 20, 2026, the Offering consists of up to 25,000,000 units (each, a \"Unit\") at a price of C$0.08 per Unit, with each Unit comprising one common share and one common share purchase warrant (each, a \"Warrant\"). Each Warrant entitles the holder to acquire one additional common share at an exercise price of C$0.135 for a period of 36 months from the date of issuance. The Company intends to use net proceeds to advance its exploration and acquisition strategy, including planned work programs on the Idaho Portfolio.\n\n\n\n\n\nCompletion of the Offering remains subject to customary closing conditions, including acceptance by the Canadian Securities Exchange. All securities issued pursuant to the Offering will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable Canadian securities legislation.\n\n\n\n\n\nOverview of the Idaho Properties\n\n\n\n\n\nThe three properties comprising the Idaho Portfolio cover a combined 79 unpatented lode mining claims on 660.5 hectares of BLM-administered lands, spanning two distinct geological settings with strong historical mining pedigree and significant modern exploration upside.\n\n\n\n\n\nAmie Project, epithermal Au-Ag, Owyhee County, Idaho\n\n\n\n\n\nThe Amie Project is WestGold’s flagship asset within the Idaho Portfolio and the Company’s primary near-term exploration focus. The property comprises 53 unpatented lode mining claims covering approximately 392.79 hectares in Owyhee County, southwest Idaho, located approximat...