Westhaven Grants 300K Stock Options to Officers

Westhaven controls roughly 60,000 hectares across four properties in British Columbia's Spences Bridge Gold Belt, an under-explored epithermal gold-silver district. The flagship Shovelnose project generated a preliminary economic assessment in March 2025 projecting 11-year mine life with average annual output of 56,000 ounces gold and 313,000 ounces silver. The study pegged after-tax net present value at C$454 million using a 6% discount rate and a 43.2% internal rate of return, based on US$2,400/oz gold and US$28/oz silver.

In February, Westhaven signed a strategic earn-in with Dundee Corporation, which can earn up to 60% of the company's Spences Bridge properties by spending up to C$85 million in staged project expenditures. The first phase commits a minimum C$30 million, including a fully funded 50,000-metre drill program and pre-feasibility work at Shovelnose.

Shares of Westhaven trade on the TSX Venture Exchange and OTCQB. The company closed its most recent financing Feb. 23.