Western Star Resources Announces Increased Private Placement
February 17, 2026 — Leads & Copy — Western Star Resources Inc. (CSE: WSR) plans to increase its previously announced non-brokered private placement up to 20,000,000 units at a price of $0.15 per unit, for gross proceeds of up to $3,000,000.
Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will allow the holder to acquire one additional common share at a price of $0.30 for 24 months from the issuance date.
Western Star intends to use the net proceeds to define high-priority drill targets at its Western Star Project, complete its critical metals move into Nevada, for general working capital, and market awareness. The private placement is subject to required approvals, including CSE approval, and formal documentation execution.
The company also announced it has granted 150,000 stock options to a consultant per its stock option plan. The options are exercisable at $0.27 per share for three years from the grant date.
Western Star Resources is a mineral exploration and development company aiming to increase shareholder value by developing exploration properties cost-effectively, acquiring more properties, and seeking joint ventures or sales with industry leaders.
Currently, the company owns nine non-surveyed contiguous mineral claims totaling 4,740 hectares in the Revelstoke mining division of British Columbia. The Western Star property is located approximately 50 kilometers southeast of Revelstoke, B.C., and about 10 kilometers north of the abandoned community of Camborne.
Blake Morgan, President and CEO of Western Star, said the company is extremely pleased with the strong interest in this financing, which reflects growing recognition of tungsten and critical minerals as strategic resources in North America. Morgan added that this capital positions Western Star to aggressively advance high-priority drill targets at its Western Star Project while accelerating its expansion into Nevada, and believes the company is building meaningful exposure to a commodity increasingly vital to defense, infrastructure, and advanced technologies.
Additional information is available on SEDAR at www.sedarplus.ca under the company’s profile. The summary of the transaction is qualified by reference to the description in the company’s filing statement posted on SEDAR.
Source: Western Star Resources Inc.
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