Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2) announced that the Canadian Securities Exchange (CSE) has accepted its notice to commence a normal course issuer bid (NCIB). Under the bid, the company may purchase for cancellation up to 3,842,295 common shares, representing 10% of its public float, during the twelve-month period starting July 2, 2026 and ending July 2, 2027.
Purchases will be made through the facilities of the CSE and alternative Canadian trading systems at prevailing market prices, in accordance with securities laws and CSE policies. All shares bought under the NCIB will be cancelled. Western Star has appointed Haywood Securities Inc. as its purchasing dealer to carry out the bid.
The board and management believe the market price of the company's shares may not adequately reflect their underlying value. The repurchase program represents an appropriate use of financial resources and is in the best interests of the company and its shareholders. The timing and amount of purchases will be determined by management based on market conditions and CSE requirements, with no obligation to acquire a specific number of shares.
Western Star Resources is an emerging junior mineral exploration company focused on revitalizing North America's tungsten supply. The company is advancing its entry into the U.S. market through the acquisition of a past-producing tungsten mine in Nevada, one of America's most important historic tungsten districts. This strategic move positions Western Star to play a leading role in re-establishing a secure, domestic source of this critical mineral. The company also owns nine non-surveyed contiguous mineral claims totaling 4,740 hectares in the Revelstoke mining division of British Columbia, located about 50 kilometers southeast of Revelstoke and roughly 10 kilometers north of the abandoned community of Camborne.
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