Western Star Resources Submits Application In Response To Solicitation From The U.S. Defense Industrial Base Consortium; Engages Plutus Invest & Consulting GMBH For Investor Relations Services
13:45 Uhr | The Newswire
Vancouver - Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (the "Company" or "Western Star") is pleased to announce that it has submitted its application in response to a solicitation from the U.S. Defense Industrial Base Consortium (the "DIBC") to provide to the United States a reliable supply of critical minerals, focusing on Tungsten (Wo3).
In February 2026, the DIBC issued a new request for project proposal ("RPP") focused on strategic critical minerals. The DoW has prioritized identification of supply chain alternatives for defense-critical minerals used in the production of aircraft, missiles, semiconductors, and other defense technologies.
The DIBC is managed by Advanced Technology International ("ATI") on behalf of the U.S. Department of War (the "DoW"). The DIBC aims to expand and diversify the defense industrial base in the U.S., enable private-sector businesses to work in partnership with the U.S. Government, provide non-dilutive financing for key contractors, and provide the U.S. Government access to commercial solutions for defense requirements.
Critical metals are considered essential for the U.S. defense industrial base, and the U.S. Government is engaged in strategic planning, initiatives, and funding to ensure it can access and onshore domestic production capabilities and supply.
Blake Morgan, the CEO and President of Western Star, stated "Western Star Resources is pleased to support DIBC initiatives focusing on strategic critical minerals. Our team will be traveling to Washington in May for meetings to discuss our past-producing tungsten asset. We believe this asset offers significant upside and look forward to demonstrating its potential as we approach our maiden drill program in 2026.Additionally, we will provide further updates shortly regarding the recently announced Rowland exploration program."
Engagement of Plutus
The Company announces it has entered into an investor relations and marketing services agreement dated April 28, 2026 (the "Plutus Agreement") with Plutus Invest & Consulting GmbH. ("Plutus") pursuant to which Plutus will provide services to the Company for a twelve-month term commencing on May 1, 2026. The services to be provided by Plutus include consultation regarding advertorial marketing and public relations strategies, and designing and implementing an advertisement-based investor awareness campaign focused on the European investment market at financial-news portals, investor newsletters, social-media platforms like X, LinkedIn, YouTube, Reddit, Telegram, paid digital advertising networks: and sponsored articles and video interviews on investor-relations portals. The Company has agreed to pay Plutus a fee of €200,000 payable on the commencement of services. The Plutus Agreement was negotiated through arm's length negotiations. The term of the Plutus Agreement will end April 30, 2027. Plutus and its principals are arm's length to the Company. Plutus contact information is as follows: Buchtstrasse 13, Bremen 28195, Germany and can be contacted via email (contact@plutuinves.de) or by phone: (+49 42117540174). The engagement of Plutus is subject to certain conditions including, but not limited to, the submission of all required forms to the Canadian Securities Exchange (the "CSE").
Flow Through Financing
The Company is also pleased to announce a non-brokered private placement (the "Offering") of 833,333 flow-through common shares ("FT Shares") at a price of $0.60 per FT Share for gross proceeds of $500,000.?
The gross proceeds received by the Company from the Offering will be used to incur eligible "Canadian exploration expenses" ("CEE") that are "flow-through mining expenditures" (as such term is defined in the?Income Tax Act?(Canada)) related to the Company's Western Star Project and will be used as deemed appropriate for qualifying expenses for the critical mineral tax credit (CMETC).
All FT Shares issued under the Offering will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.? Completion of the Offering remains subject to approval by the CSE.
About Western Star Resources
Western Star Resources is a mineral exploration and development company. The Company's objective is to increase shareholder value through the development of exploration properties using cost-effective exploration practices, acquiring further exploration properties and seeking partnerships by either joint ventures or sale with industry leaders. The Company currently owns the past producing Rowland property. A past producing Tungsten asset located in Jarbidge Nevada. Western Star also holds nine non-surveyed contiguous mineral claims totaling 4,740 hectares, which are located within the Revelstoke mining division of British Columbia. The Western Star property group is located approximately 50 kilometers southeast of Revelstoke, British Columbia, and 10 kilometers north of the former community of Camborne.
Contact Information:
Blake Morgan
Ceo and Director
blake@acvc.vc
www.westernstarresources.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Certain of the statements made and information contained herein may constitute "forward-looking information". In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
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