West Mining Corp. press release
West Mining Provides Corporate Update
CSE - Canadian National Stock Exchange · Gold · Copper · Silver · Canada
(TheNewswire)
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Vancouver, BC– TheNewswire -January 26, 2026 – West Mining Corp. (“West” or the “Company”) (CSE: WEST) (OTC: WESMF) (FRA: 1HL) is pleased to provide a corporate update respecting certain Company matters. First, West announces Mr. Rachit “Shaun” Saini to Company’s Board of Directors. Shaun has over 10 years of experience helping businesses scale their operations to improve customer satisfaction and drive revenue growth. His expertise lies in creating innovative solutions that address complex business challenges and has a proven record of delivering measurable results. Mr. Saini has also successfully raised significant capital for various start-up ventures.
West also announces that the option agreement (the “Upside Option Agreement”) with Upside Gold Corp. (the “Optionee” or “Upside”) dated as of January 20, 2025, pursuant to which West granted Upside an option to acquire a 100% interest in and to the Company’s Kena Property (subject to certain underlying net smelter return royalties), has been amended.[]()Under the amended Upside Option Agreement, the aggregate cash payments ($2,000,000), share issuances (aggregate deemed value of $3,000,000 of Upside shares) and exploration expenditures ($3,500,000 on or before January 20, 2028) are unchanged. However, the timing of certain of the cash payments and share issuances have changed, with the amended timing being as follows:
1.
[]()aggregate cash payments of $2,000,000: $398,750 on or before September 1, 2025; an additional $851,250 on or before January 20, 2027; and an additional $750,000 on or before January 20, 2028; and
2.
[]()issuance of an aggregate of $3,000,000 worth of common shares of Upside to West: 100,000 Upside Shares at a deemed price of $0.20 per share, having an aggregate deemed value of $20,000 on September 1, 2025;[]()an additional $500,000 worth of shares on or before January 20, 2026; an additional $980,000 worth of shares on or before February 19, 2026; an additional $500,000 worth of shares on or before January 20, 2027; and an additional $1,000,000 worth of shares on or before January 20, 2028).
The Company also advises that it has relinquished its option to acquire two mineral claims pursuant to an option agreement dated as of October 15, 2024 (see the Company’s news releases dated October 15 and 21, 2024, and April 16, 2025 for further details). West confirms that, despite this surrender of its option to these two ancillary claims, the Company continues to hold a 100% interest in and to the mineral claims comprising its Junkers Property in north-central British Columbia and its Spanish Mountain West Property in central British Columbia.
AboutWestMiningCorp.
West Mining Corp. is a mineral exploration company currently exploring for copper, gold and silver on its 100% owned Junkers Property in north-central British Columbia and its 100% owned Spanish Mountain West Property in central British Columbia. West Mining also holds a 100% interest in the Kena Property, which it has optioned to Upside Gold Corp.
Foradditionalinformation,pleaserefertotheCompany’spublicdisclosurerecord availableon SEDAR+atwww.sedarplus.com.
West Mining Corp.
Nader Vatanchi
778-881-4631
nadervatanchi@hotmail.com
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TheCanadianSecuritiesExchangeacceptsnoresponsibilityfortheadequacy or accuracyofthisrelease.
Certain statements contained in this press release constitute “forward-looking information” as such term is definedin applicable Canadian securities legislation. The words “may”, “would”, “could”, “should”, “potential”, “will”,“seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions as they relate totheCompany,areintendedtoidentifyforward-lookinginformation.Allstatementsotherthanstatementsofhistoricalfact may be forward-looking information. Such statements reflect the Company’s current views and intentions withrespecttofutureevents,andcurrentinformationavailabletothem,andaresubjecttocertainrisks,uncertaintiesandassumptions, including, without limitation: the potential of the Company’s mineral properties; the estimation ofcapital requirements; the estimation of operating costs; the timing and amount of future business expenditures; andtheavailabilityofnecessaryfinancing.Manyfactorscouldcausetheactualresults,performanceorachievementsthatmay be expressed or implied by such forward-looking information to vary from those described herein should one ormore of these risks or uncertainties materialize. Such factors include but are not limited to: changes in economicconditionsorfinancialmarkets;increasesincosts;litigation;legislative,environmentalandotherjudicial,regulatory, political and competitive developments; andexploration or operational difficulties. This list is notexhaustive of the factors that may affect forward-looking information. These and other factors should be consideredcarefully,andreadersshouldnotplaceunduerelianceonsuchforward-lookinginformation.Shouldanyfactoraffectthe Company in an unexpected manner, or should assumptions underlying the forward-looking information proveincorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company doesnotassumeresponsibilityfortheaccuracyorcompletenessofsuchforward-lookinginformation.Theforward-lookinginformationincludedinthis pressreleaseismadeasofthedateofthispressreleaseandtheCompanyundertakes noobligationtopublicly updateorrevise any forward-looking information,otherthan asrequiredby applicable law.
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