Western Exploration Inc. has successfully completed a reverse takeover of Crystal Peak Minerals Inc. and will begin trading on the TSX Venture Exchange, focusing on precious metals exploration in Nevada.

Information on the Target

Western Exploration Inc. has marked a significant milestone by successfully completing its public listing through a reverse takeover (RTO) of Crystal Peak Minerals Inc. (now Western Exploration Inc.), effective December 22, 2021. The company's shares are anticipated to commence trading on the TSX Venture Exchange (TSXV) under the symbol 'WEX' in early January 2022. Under the leadership of Chief Executive Officer Darcy Marud, Western Exploration aims to emerge as a premier precious metals exploration company, focusing on advancing the Aura Project, a key asset in Nevada.

Following the RTO, Western Exploration is ideally positioned to leverage its established portfolio. The amalgamation of WEX Holdings Inc. with Crystal Peak Minerals has facilitated this transition, culminating in a streamlined structure that enhances operational efficiencies. This merger aligns with the strategic objectives of maximizing shareholder value while driving forward the exploration and development of valuable mineral assets.

Industry Overview in the Target’s Specific Country

The mining sector in Nevada is recognized as one of the most vibrant in North America, with a long-standing history of gold and silver production. The state's favorable geological conditions, coupled with a mining-friendly regulato