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Westhaven Ventures ( (TSE:WHN) ) just unveiled an update.
Westhaven Gold Corp. has granted 400,000 incentive stock options to a company officer at an exercise price of C$0.25 per share, expiring in December 2030, bringing total outstanding stock options to 16,805,000, or 6.9% of its issued and outstanding shares. The company has also signed a 12‑month consulting agreement with Edmonton-based Peterson Capital, one of Canada’s leading capital markets advisory firms, to provide investor relations and capital markets support, including investor outreach, conference participation, financing strategy advice, and dissemination of company information, in exchange for a C$110,000 fee paid from working capital, a move aimed at broadening its investor base and strengthening its market profile as it advances its gold projects.
Spark’s Take on TSE:WHN Stock
According to Spark, TipRanks’ AI Analyst, TSE:WHN is a Neutral.
Westhaven Ventures faces significant financial obstacles with no revenue and increasing losses affecting its financial health. While technical indicators show a neutral outlook, the company’s unattractive valuation further impacts its score. The promising preliminary economic assessment of the Shovelnose Project offers some positive potential but carries uncertainty. Overall, the stock’s performance is hindered by financial and valuation challenges.
To see Spark’s full report on TSE:WHN stock, click here.
More about Westhaven Ventures
Westhaven Gold Corp. is a Vancouver-based, gold-focused exploration and development company targeting low-sulphidation, high-grade epithermal gold deposits within the Spences Bridge Gold Belt in southern British Columbia. The company controls approximately 61,512 hectares across four gold properties, led by its advanced Shovelnose Gold project, which is supported by a 2025 Preliminary Economic Assessment outlining an 11-year, low-cost, high-margin underground mining scenario with average annual production of 56,000 ounces of gold and robust after-tax economics.
Average Trading Volume: 370,349
Technical Sentiment Signal: Hold
Current Market Cap: C$61.34M
For a thorough assessment of WHN stock, go to TipRanks’ Stock Analysis page.