Westhaven Lists on the OTCQB Venture Market
Westhaven Gold Corp. (TSX-V: WHN, OTCQB: WTHVF) has commenced trading on the OTCQB Venture Market as of February 9, 2026, a strategic move aimed at enhancing visibility and accessibility for U.S. investors. This listing is expected to facilitate participation in Westhaven's growth trajectory, particularly as the company approaches a pivotal special meeting of shareholders on February 17, 2026, to consider an CDN$85 million strategic earn-in and joint venture with Dundee Corporation (TSX: DC.A). The joint venture is anticipated to bolster Westhaven’s operational capacity within the Spences Bridge Gold Belt, an area noted for its rich mineralization potential.
Historically, Westhaven has focused on the exploration and development of high-grade gold and silver deposits within the Spences Bridge Gold Belt. The company controls approximately 60,263 hectares across four properties, with the Shovelnose Gold project being the most advanced. In a previous announcement dated March 3, 2025, Westhaven disclosed an updated Preliminary Economic Assessment (PEA) for the Shovelnose project, which highlighted an after-tax net present value of CDN$454 million at a 6% discount rate, alongside an impressive internal rate of return (IRR) of 43.2%. The PEA projected an average annual production of 56,000 ounces of gold and 313,000 ounces of silver over an 11-year mine life, reinforcing the project's viability and aligning with Westhaven's strategic objectives to unlock long-term value in the region.
From a financial perspective, Westhaven's balance sheet is positioned to support its growth initiatives, particularly with the anticipated influx of capital from the proposed joint venture. The CDN$85 million earn-in agreement with Dundee Corporation is expected to provide significant funding, allowing Westhaven to advance its exploration and development activities without diluting existing shareholder value. As of the latest financial reports, Westhaven has maintained a prudent approach to capital management, which is critical given the capital-intensive nature of mining operations. The company’s ability to secure funding through strategic partnerships positions it favorably against its peers, particularly in a market characterized by fluctuating commodity prices.
In terms of peer comparison, Westhaven operates in a competitive landscape alongside companies such as Pretium Resources Inc. (NYSE: PVG), which has a market capitalization of approximately USD 1.5 billion and focuses on high-grade gold deposits, and Osisko Gold Royalties Ltd. (TSX: OR), which offers a diversified portfolio of gold-related assets. While Pretium has established a robust production profile, Westhaven's strategic focus on the Spences Bridge Gold Belt and its recent PEA results indicate a strong growth potential that could appeal to investors seeking exposure to emerging gold projects. Additionally, companies like Skeena Resources Limited (TSX: SKE) are also in the exploration phase, yet Westhaven's recent developments and strategic partnerships may provide it with a competitive edge in terms of resource development and market positioning.
The significance of Westhaven's listing on the OTCQB and the upcoming joint venture with Dundee Corporation cannot be overstated. This strategic move is likely to enhance the company's profile among U.S. investors, potentially leading to increased trading volumes and improved liquidity. Furthermore, the anticipated capital infusion from the joint venture will enable Westhaven to accelerate its exploration efforts and advance its projects toward production. As the company continues to unlock the value of its assets in the Spences Bridge Gold Belt, it is well-positioned to capitalize on the growing demand for gold, particularly in a market increasingly characterized by economic uncertainty and inflationary pressures. The combination of a strong financial position, strategic partnerships, and promising project economics positions Westhaven as a compelling investment opportunity within the gold mining sector.