New Risk • Jun 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 66% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (23% average weekly change). Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Market cap is less than US$10m (CA$5.79m market cap, or US$4.09m). Announcement • Jun 17
WestGold Metals Corp. announced that it has received CAD 2 million in funding On June 15, 2026, WestGold Metals Corp. has closed the transaction. The company issued 25,000,000 units at a price of CAD 0.08 per unit for the gross proceeds of CAD 2,000,000. In connection with the Offering, the Company paid finder’s fee in the amount of CAD 253,176.00 and issued 1,764,000 finder warrants. Each finders warrant entitles the holder to acquire one common share at an exercise price of CAD 0.08 per share for a period of 36 months from the date of issuance. All securities issued in connection with the Offering are subject to a statutory hold period of four month plus one day in accordance with Canadian securities legislation. Announcement • May 22
WestGold Metals Corp. announced that it expects to receive CAD 2 million in funding WestGold Metals Corp announced a non-brokered private placement through the issuance of up to 25,000,000 units of the Company at a price of CAD 0.08 per Unit for the gross proceeds of up to CAD 2,000,000 on May 20, 2026. Each Unit will consist of one common share in the capital of the Company and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of CAD 0.135 for a period of 36 months from the date of issuance. The Offering is expected to close in one or more tranches and remains subject to receipt of all necessary regulatory approvals, including acceptance by the Canadian Securities Exchange. All securities issued and issuable 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. The Company may pay cash finder’s fees and/or issue finder warrants to eligible finders in connection with the Offering, subject to applicable securities laws and the policies of the Canadian Securities Exchange.
On May 21, 2026, the company announced that the private placement is now fully allocated. 
