On December 22, 2021, Western Exploration Inc. announced the successful completion of its arrangement agreement with Crystal Peak Minerals Inc. through which it went public through a reverse takeover of Crystal Peak Minerals Inc. As part of the reverse takeover, Western agreed to sell subscription receipts of Crystal for a gross proceeds of approximately $6 million. The launch of Western Exploration Inc. marks the company’s establishment as a Nevada based precious metals exploration and development company. The Aura Project will be the company’s only property, covering approximately 6,128 hectares in northern Elko County, Nevada.
Crystal Peak Minerals Inc. is a Utah based mining company focused on the acquisition, exploration and development of a sulfate potash project in the United States.
Western Exploration is a mining company specializing in the acquisition, exploration and development of precious metal mineral properties in Nevada.
Osler, Hoskin & Harcourt LLP advised Crystal Peak Minerals Inc. with a team consisting of Alan Hutchison, Minji Park, and Kelsey Weiner (Corporate).