West Mining Corp. (CSE: WEST) (OTC: WESMF) announced on October 8, 2026 that it has executed a property purchase agreement to sell its Junker Property to Hi-View Resources Inc. (CSE: GXLD) and its wholly-owned subsidiary Zeal Exploration Inc. The consideration includes a cash payment of $7,500 and 125,000 Hi-View common shares, with closing anticipated on or before October 16, 2026. The deal allows West Mining to divest a non-core asset while retaining focus on its primary exploration projects in British Columbia.

Key Points

  • West Mining Corp. (CSE: WEST) (OTC: WESMF) is a Vancouver-based mineral exploration company
  • West Mining has agreed to sell all rights to the Junker Property to Hi-View Resources Inc. and Zeal Exploration Inc.
  • Consideration comprises $7,500 cash and 125,000 Hi-View common shares, subject to a four-month hold period; closing expected on or before October 16, 2026
  • Investors may watch for West Mining's closing confirmation and any impact on the company's asset portfolio

Junker Property Sale Terms and Structure

The agreement, dated October 1, 2026, transfers West Mining's full right, title, and interest in the Junker Property to the Purchaser — Hi-View Resources Inc. and its wholly-owned subsidiary Zeal Exploration Inc. As consideration, West Mining will receive $7,500 in cash and 125,000 Hi-View common shares upon closing. The Hi-View shares will be subject to a four-month hold period in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange. The transaction is structured as a straightforward asset sale, with closing targeted on or before October 16, 2026.

West Mining's Retained British Columbia Exploration Portfolio

Following the Junker Property divestiture, West Mining's primary focus remains the 100% owned Spanish Mountain West Property in central British Columbia, where the company is actively exploring for copper, gold, and silver. The company also holds a 100% interest in the Kena Property, which has been optioned to Upside Gold Corp. The release does not indicate any change to the company's exploration strategy or financial position beyond the proceeds from the Junker Property sale, and no updated resource estimates or operational guidance were included in the announcement.

Share Consideration and Hold Period Implications for Investors

The 125,000 Hi-View common shares received as part of the transaction will be restricted under a four-month hold period per applicable securities regulations, meaning West Mining cannot freely trade those shares immediately upon closing. The aggregate value of the share consideration will depend on Hi-View's market price at the time the hold period expires. The company did not disclose any valuation of the Hi-View shares in the announcement. The immediate share price impact on West Mining (CSE: WEST) was not clear from available public information.