Latest news for Westward Gold (OTC:WGLIF) Stock

Westward Gold Inc is a mineral exploration company focused on developing the Toiyabe and Turquoise Canyon Projects located in the Cortez Hills area of Lander County, Nevada. It is also advancing the Mulloy Project in Northern Ontario.

CSE:WG

WGLIF

Westward Gold Completes Turquoise Canyon Anniversary Payment

Westward Gold Comments on Completion of Inaugural Drill Campaign &amp; Next Steps

Westward Gold Inc

Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) shares are trading higher premarket on Thursday. On Wednesday, the company disclosed an extension of its partnership with the U.S. Army to continue delivering the Army Vantage <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42563435/palantir-expands-army-vantage-partnership-with-618-9m-contract" rel="noreferrer noopener">capability for the &#8220;Army Data Platform.&#8221;</a>
The agreement is valued at $400.7 million over four years, with a total potential ceiling of $618.9 million.
The new agreement aims to operationalize data across the entire Department of the Army, enabling broader integration of data and AI capabilities.
The program is set to expand, offering greater flexibility to support additional Army initiatives while enhancing interoperability and integration through advanced technology investments.
As of 2024, the Vantage program has supported over 100,000 users and achieved record-high usage.
The platform currently integrates more than 180 unique data sources, enabling seamless connectivity across the Army and Joint community.
Looking forward, the program will maintain its existing capabilities and infrastructure while expanding to serve mission owners across the entire Army enterprise.
Akash Jain, President, Palantir USG said, &#8220;Our continuous addition of new AI capabilities enables the Army&#8217;s own ability to develop applications and incorporate the benefits of effective data analysis across nearly every high-priority mission in the Army.&#8221;
Investors can gain exposure to the stock via&nbsp;Adaptiv Select ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADPV#NYSE">ADPV</a>) and &nbsp;ProShares Big Data Refiners ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAT#NYSE">DAT</a>).
Price Action: PLTR shares are up 1.97% at $72.92 premarket at the last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/12/42546044/alex-karp-jokes-about-cult-label-as-stanley-druckenmiller-praises-his-book-after-palantir-soars-nearly-350-in-2024" target="_blank" rel="noreferrer noopener">Palantir&#8217;s Alex Karp Embraces &#8216;Cult&#8217; Status, Complains About The Missing Perks As Stock Soars 350%</a></li>
</ul>
Image via Shutterstock.

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Large Cap

News

Contracts

Movers

ADPV

PLTR

Palantir Strengthens Army Partnership, Adds AI And Data Enhancements In $618.9 Million Contract

WIIM

CarMax shares are trading higher after the company reported better-than-expected Q3 earnings and sales.

CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) reported quarterly earnings of $0.81 per share which beat the analyst consensus estimate of $0.64 by 26.56 percent. The company reported quarterly sales of $6.223 billion which beat the analyst consensus estimate of $6.042 billion by 3.01 percent. This is a 1.21 percent increase over sales of $6.149 billion the same period last year.

Earnings

Earnings Beats

CarMax Q3 2025 GAAP EPS $0.81 Beats $0.64 Estimate, Sales $6.223B Beat $6.042B Estimate

<ul>
<li>Following this successful lease amendment, the completed closing of the 11 community International JV / Welltower Portfolio, and the expected closings of the remaining previously-announced acquisition of 30 communities from two additional currently leased portfolios, the Company has largely cleared its lease maturities through 2029. After giving effect to these transactions, Brookdale will own over 75% of its consolidated units, marking another significant step in the Company's efforts to increase its owned real estate portfolio, benefiting from the economics of ownership, while substantially improving the cash flow profile and reducing risk associated with its overall leased portfolio.</li>
<li>The Company expects the Ventas lease amendment to provide a $15+ million improvement to the Company's 2025 cash flows.(1) Beginning in 2026, the Company expects additional cash flow improvement, including continued operating income growth, the benefit of continued appropriate expense management relative to the Company's portfolio size, partially offset by incremental rent expense.</li>
</ul>

Health Care

General

Brookdale Senior Living Has Entered Into Mutually Beneficial Agreements With Ventas To Amend Its Triple-Net Master Lease Arrangement, Which Can Potentially Provide Over $15M Improvement To The Company's 2025 Cash Flows

Biotech

Merck Announced Topline Results From Two Phase 3 Trials Of Doravirine/Islatravir In Adults With HIV-1 Infection That Is Virologically Suppressed On Different Antiretroviral Therapy Regimens, Trials Met Efficacy Success Criteria For Non-inferiority To Comparator Antiretroviral Therapies

Accenture continues to expect GAAP operating margin for fiscal 2025 to be in the range of 15.6% to 15.8%, an expansion of 80 to 100 basis points from fiscal 2024 GAAP operating margin, and an expansion of 10 to 30 basis points from fiscal 2024 adjusted operating margin, which excludes $438 million for business optimization costs. &nbsp;
For fiscal 2025, the company continues to expect operating cash flow to be in the range of $9.4 billion to $10.1 billion; property and equipment additions to be $600 million; and free cash flow to be in the range of $8.8 billion to $9.5 billion. &nbsp;

Guidance

Accenture Raises FY25 Revenue Growth To 4% - 7% In Local Currency, Compared To 3% - 6% Previously; Revises GAAP EPS Outlook From $12.55 - $12.91 To $12.43 - $12.79, Est $12.74

Ahead of rising tensions between Beijing and Washington, a Chinese cybersecurity center has accused the United States of engaging in cyberattacks to steal business secrets.
What Happened: The National Computer Network Emergency Response Technical Team/Coordination Centre of China, a non-governmental organization focused on cybersecurity threats, claims to have detected and mitigated these cyberattacks, South China Morning Post<a href="https://www.scmp.com/news/china/politics/article/3291521/chinese-cybersecurity-centre-accuses-us-hacking-and-stealing-tech-secrets?module=top_story&amp;pgtype=homepage"> reported</a> on Thursday.
Since August, an advanced material design research unit in China has reportedly been targeted by suspected American intelligence agencies. The attackers allegedly exploited a vulnerability in an electronic document security system to access the company&#8217;s server, deploying a Trojan horse virus to over 270 hosts, thereby stealing commercial secrets.
See Also: <a href="https://www.benzinga.com/trading-ideas/24/12/42536470/costco-warns-that-tariffs-raise-prices-trump-team-says-trade-policies-will-make-life-affordable?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Costco Warns That Tariffs Raise Prices, Trump Team Says Trade Policies Will &#8216;Make Life Affordable&#8217;</a>
Another incident in May 2023 involved a breach in Microsoft Exchange software, affecting a major hi-tech enterprise specializing in smart energy and digital information. The center&#8217;s recent weekly report highlighted coordination with various organizations to manage 146 network security incidents, including 92 cross-border cases. 
Additionally, 2,950 data security breaches were identified. Meanwhile, the US has initiated a national security investigation into Chinese router company TP-Link, amid ongoing accusations and denials between the two nations regarding state-sponsored hacking activities.
Why It Matters: The accusations from China come <a href="https://www.benzinga.com/news/global/24/12/42559347/trump-administration-could-ban-amazons-top-selling-routers-linked-to-chinese-cyberattacks-report">amid heightened scrutiny</a> of Chinese technology firms by the United States. The U.S. government is currently investigating TP-Link for potential national security threats, as the company holds a significant share of the US router market. This follows multiple cyberattacks linked to TP-Link&#8217;s routers.
Furthermore, the FBI has issued warnings about ongoing <a href="https://www.benzinga.com/24/12/42333675/fbi-warns-of-ongoing-china-backed-telecom-hacks-heres-how-encrypted-messaging-could-be-your-last-line-of-defense">China-backed telecom hacks</a>, advising Americans to use encrypted messaging apps to protect their communications. Jeff Greene, CISA's executive assistant director for cybersecurity, emphasized the importance of encryption in safeguarding data, even if intercepted. These developments underscore the escalating cybersecurity tensions between the two global powers.
Read Next: 
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<li><a href="https://www.benzinga.com/news/global/24/12/42513807/trump-says-softbanks-100b-commitment-to-us-is-monumental-demonstration-of-confidence-in-americas-future?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Says SoftBank&#8217;s $100B Commitment To US Is &#8216;Monumental Demonstration Of Confidence In America&#8217;s Future&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image via Shutterstock

China Accuses US Of Cyber Espionage And Theft Of Business Secrets Amid Rising Tensions

DA Davidson analyst Alex Platt initiates coverage on IonQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) with a Buy rating and announces Price Target of $50.

Price Target

Initiation

Analyst Ratings

IONQ

DA Davidson Initiates Coverage On IonQ with Buy Rating, Announces Price Target of $50

OCU410 (AAV5-hRORA) is a novel modifier gene therapy candidate being developed for geographic atrophy (GA) secondary to dry age-related macular degeneration (dAMD).

OCGN

Ocugen Announced That The Data And Safety Monitoring Board For OCU410 ArMaDa Clinical Trial Recently Convened And Approved The Continuation Of The Second Phase Of The Phase 1/2 Study

This represents 5% to 9% growth in local currency, reflecting the company's assumption of an approximately negative 2.5% foreign-exchange impact compared with the second quarter of fiscal 2024.

Accenture Expects Q2 Revenues Of $16.2B - $16.8B, Est $16.625B

Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) reported quarterly earnings of $3.59 per share which beat the analyst consensus estimate of $3.39 by 5.9 percent. The company reported quarterly sales of $17.69 billion which beat the analyst consensus estimate of $17.12 billion by 3.31 percent. This is a 9.03 percent increase over sales of $16.22 billion the same period last year.

Accenture Q1 2025 GAAP EPS $3.59 Beats $3.39 Estimate, Sales $17.69B Beat $17.12B Estimate

On Wednesday, the FDA approved Mesoblast Limited&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) Ryoncil (remestemcel-L) as the first mesenchymal stromal cell (MSC) <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42566997/mesoblasts-ryoncil-is-the-first-u-s-fda-approved-mesenchymal-stromal-cell-msc-therapy" rel="noreferrer noopener">therapy in the U.S</a>.
Ryoncil is the only MSC therapy approved in the U.S. for any indication and the only therapy for steroid-refractory acute graft versus host disease (SR-aGvHD) in children 2 months and older, including adolescents.
Ryoncil contains MSCs, a type of cell that can have various roles in the body and can differentiate into multiple other types of cells. These MSCs are <a target="_blank" href="https://www.fda.gov/news-events/press-announcements/fda-approves-first-mesenchymal-stromal-cell-therapy-treat-steroid-refractory-acute-graft-versus-host" rel="noreferrer noopener">isolated</a> from the bone marrow of healthy adult human donors.&nbsp;
Steroid-refractory acute graft-versus-host disease is a serious condition that can occur as a complication of allogeneic hematopoietic (blood) stem cell transplantation (allo-HSCT).
In allo-HSCT, a patient receives hematopoietic stem cells from a healthy donor to replace their stem cells and form new blood cells.
This procedure is often performed as part of treatment for certain types of blood cancers, blood disorders, or immune system disorders.
Annually, in the U.S., approximately 10,000 patients undergo an allogeneic bone marrow transplant, 1,500 of whom are children.
Approximately 50% develop aGvHD, and almost half of those do not respond to steroids, the recognized first-line treatment.
In a single-arm multi-center Phase 3 trial of children with SR-aGvHD, 89% of whom had high severity Grade C or Grade D disease, 70% achieved an overall response by Day 28 of treatment with Ryoncil, a measure that predicts survival in aGVHD.
Study participants who had a partial or mixed response to treatment—meaning that there was improved condition in one organ with either no change (partial) or worsening condition (mixed) in another organ—received additional infusions once weekly for an additional four weeks.
Sixteen study participants (30%) had a complete response to treatment 28 days after receiving Ryoncil, while 22 participants (41%) had a partial response.
Ryoncil treatment was not discontinued or interrupted in any patient for any laboratory abnormality, and the full course was completed without interruption in more than 85% of patients.
Price Action: MESO stock is up 42.60% at $17.47 during the premarket session at last check Thursday.
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</ul>

Trading Ideas

MESO

Mesoblast's Cell Therapy Treatment For Graft Versus Host Disease Gets FDA Approval, Stock Surges

Wedbush analyst Nick Setyan reiterates Texas Roadhouse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXRH#NASDAQ">TXRH</a>) with a Outperform and maintains $200 price target.

Reiteration

TXRH

Wedbush Reiterates Outperform on Texas Roadhouse, Maintains $200 Price Target

Lamb Weston Declared Quarterly Dividend Of $0.37 Per Share, Depicting $0.01 Increase, Dividend Is Payable On February 28

On Wednesday, December 18th, U.S. markets closed sharply lower, with the Dow dropping over 1,100 points—its steepest decline since August and longest losing streak since 1974. The Fed cut rates by 25 basis points as expected but signaled fewer cuts in 2025. Markets reacted sharply to the less dovish tone despite assurances of economic strength and progress on inflation.
Fed Chair Powell adopted a hawkish tone as the Fed cut rates by 0.25% but reduced 2025 rate cut projections to two, down from four in September and below market expectations.
The U.S. current account deficit widened to $310.9 billion in Q3, exceeding the estimated $284 billion. Housing starts fell 1.8% in November to an annualized 1.289 million units from 1.312 million in October.
S&amp;P 500 ended in the red, with consumer discretionary, real estate, and communication services stocks suffering the largest declines.
The Dow Jones Industrial Average was down 2.58% and closed at 42,326.87, the S&amp;P 500 closed lower by 2.95% at 5,872.16, and the Nasdaq Composite slipped 3.56% to finish at 19,392.69.
Asia Markets Today
<ul>
<li>On Thursday, Japan&#8217;s Nikkei 225 declined 0.80% and ended the session at 38,808.50, led by losses in the Communication, Steel, and Transportation Equipment sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 fell 1.70% and ended the day at 8,168.20, led by losses in the Gold, IT, and Materials sectors.</li>
<li>India&#8217;s Nifty 50 slid 0.98% to 23,961.95, and Nifty 500 was down 0.77%, closing at 22,757.65, led by losses in the Banking, Consumer Durables, and Capital Goods sectors.</li>
<li>China&#8217;s Shanghai Composite fell 0.36% to close at 3,370.03, while the Shenzhen CSI 300 gained 0.09%, finishing the day at 3,945.46.</li>
<li>Hong Kong&#8217;s Hang Seng was down 0.56% and closed the session at 19,752.51.</li>
</ul>
Eurozone at 05:30 AM ET
<ul>
<li>The European STOXX 50 index was down 1.60%.</li>
<li>Germany&#8217;s DAX slid 1.12%.</li>
<li>France&#8217;s CAC fell 1.49%.</li>
<li>U.K.&#8217;s FTSE 100 index traded lower by 1.27%.</li>
<li>European stocks fell as the Fed signaled slower rate cuts in 2025. Rate-sensitive tech stocks led losses, while bond yields spiked and commodities declined.</li>
</ul>
Commodities at 05:30 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 0.71% at $70.08/bbl, and Brent was up 0.07% at $73.44/bbl.</li>
<li>Natural Gas rose 2/16% to $3.447.</li>
<li>Gold was trading lower by 0.78% at $2,632.79, Silver was down 2.23% to $30.027, and Copper fell 1.62% to $4.0903.</li>
</ul>
U.S. Futures at 05:30 AM ET
Dow futures were up 0.40%, S&amp;P 500 futures rose 0.48% and Nasdaq 100 futures gained 0.47%.
Forex at 05:30 AM ET
<ul>
<li>The U.S. dollar index was down 0.13% to 107.89, the USD/JPY rose 1.35% to 156.89, and the USD/AUD slid 0.42% to 1.6012.</li>
<li>The U.S. dollar surged to a two-year high after the Fed signaled fewer rate cuts in 2025, pressuring global currencies. However, it slipped Thursday amid thin holiday trading, with the euro and Canadian dollar, and won fluctuating sharply.</li>
</ul>
Photo via Shutterstock

Asia

Emerging Markets

Eurozone

Futures

Commodities

Forex

Markets

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Global Markets Slide On Fed's Hawkish Rate Policy; U.S. Dollar Eases Slightly After Hitting Two-Year High - Global Markets Today While US Slept

Management

Zomedica Appoints Scott Jordan As Its Executive Vice President, Finance And CFO, Effective January 1, 2025

Combined with the Bitcoin held prior to this purchase, Hut 8's strategic Bitcoin reserve now totals 10,096 Bitcoin with a market value of more than $1 billion as of December 18, 2024.&nbsp;
Based on publicly available information, the Company believes this positions it as one of the ten largest corporate owners of Bitcoin in the world.&nbsp;
The 10,096 Bitcoin held in reserve were acquired through low-cost production and the strategic at-market purchase announced today for a realized average cost of $24,484 per Bitcoin.
&nbsp;

Hut 8 Reveals Purchase Of Approximately 990 Bitcoin; Aggregate Purchase Price Of Acquired Bitcoin Was $100M, Or An Average Of $101,710 Per Bitcoin

Canoo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOEV#NASDAQ">GOEV</a>) shares are trading lower in <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">the premarket session on Thursday.</a>
The company is grappling with major financial challenges, leading to the furlough of 82 employees and the temporary shutdown of <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42564360/canoo-announces-furloughs-and-factory-idle-as-it-focuses-on-finalizing-securing-capital" rel="noreferrer noopener">its factories in Oklahoma</a>.
The move comes as the electric vehicle manufacturer works to secure the necessary capital to continue its operations.
Canoo is currently in advanced discussions with multiple capital sources but acknowledges the tough decision to furlough staff, particularly during the holiday season. The company expressed hope of bringing employees back once its financial situation stabilizes.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/12/42569953/dow-dips-over-1100-points-falling-for-10th-session-as-powell-adopts-hawkish-stance-greed-index-moves-to-fear-zone" rel="noreferrer noopener">Dow Dips Over 1,100 Points, Falling For 10th Session As Powell Adopts Hawkish Stance: Greed Index Moves To &#8216;Fear&#8217; Zone</a>
Canoo said, &#8220;We regret having to furlough our employees, especially during the holidays, but we have no choice at this point. We are hopeful that we will be able to bring them back to work soon.&#8221;
In its third quarter reported in November, the company revealed a quarterly cash outflow of $31.3 million, down 20.7% from the second quarter and <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41956101/canoo-q3-earnings-revenue-miss-eps-beat-continued-operations-consolidation-and-more" rel="noreferrer noopener">down 58.6% on a year-over-year basis</a>.
As of the end of the third quarter, the company had $16 million in cash, cash equivalents, and restricted cash. Canoo is focused on consolidating operations and reducing costs, which includes a shift in its manufacturing footprint from California to Texas and Oklahoma, the company said in a <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/g41954695/canoo-inc-announces-third-quarter-2024-results" rel="noreferrer noopener">release dated November 14.</a>
This restructuring is expected to save the company $12 million to $14 million annually.
&#8220;This will continue to be a difficult and critical period as we do everything we can to get the capital in place, bring jobs back online, and get back on track with our step-level manufacturing plan,&#8221; said Tony Aquila, Investor, Executive Chairman, and CEO in November.
Price Action: GOEV shares are trading lower by 6.59% to $0.1177 premarket at last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/24/12/42569883/quantum-computing-rigetti-d-wave-skyrocket-up-to-300-in-5-sessions-after-google-unveils-willow-chip-but-analysts-urge-caution-not-every-tiktok-guitarist-is-the-next-taylor-swift" target="_blank" rel="noreferrer noopener">Quantum Computing, Rigetti, D-Wave Skyrocket Up To 300% In 5 Sessions After Google Unveils Willow Chip, But Analysts Urge Caution: &#8216;Not Every TikTok Guitarist Is The Next Taylor Swift&#8217;</a></li>
</ul>

GOEV

Why Is Penny Stock Canoo Falling On Thursday?

Pro forma for repayment, the convertible debt facility with Petrichor will be approximately $19 million and maintain a maturity of September 2027.&nbsp;

FENC

Fennec Pharmaceuticals Announced The Early Repayment Of $13M Of Its Approximately $32M Outstanding Convertible Debt Facility With Petrichor Healthcare Capital Management

Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) new vehicle registrations in the EU are continuing to drop,&nbsp;<a href="https://www.benzinga.com/tech/24/11/41892379/tesla-offers-a-year-of-supercharging-for-free-in-europe-as-it-chases-record-q4-deliveries-to-outpace-a-slowdown" target="_blank" rel="noreferrer noopener">threatening the company's global EV delivery target</a>&nbsp;for the year.
What Happened:&nbsp;Tesla had 18,786 new vehicle registrations in the European Union in November, marking a drop of 41% from the corresponding period last year, according to data from the European Automobile Manufacturers&#8217; Association (ACEA).
Battery electric vehicle registrations overall fell 9.5% in the EU last month to 130,757 units owing to the drop in major markets such as France and Germany.
For the full year 2023, Tesla delivered 1,808,581 vehicles around the globe. To mark a growth over last year, the company has to deliver at least 514,926 vehicles in the three months through the end of December. Tesla has never managed to deliver over 500,000 EVs in a quarter to date, making this an ambitious target.
Why It Matters:&nbsp;According to Tesla researcher&nbsp;Troy Teslike, the low sales in Europe are likely to impact Tesla's aim to prevent a drop in yearly deliveries.
&#8220;While sales have increased in China, they aren&#8217;t enough to fully offset the decline. Tesla is still trying to avoid a drop in total car sales this year compared to last year, but they're struggling with demand problems in the US and Europe,"&nbsp;<a href="https://www.benzinga.com/tech/24/11/41894615/tesla-q4-deliveries-expected-to-set-new-records-but-not-enough-to-avoid-yearly-sales-decline-says-researcher" target="_blank" rel="noreferrer noopener">Teslike said</a>&nbsp;in a post on X earlier this month.
As per ACEA data, Tesla had 211,405 new vehicle registrations in the EU from January through the end of November, marking a drop of over 15% year-on-year.
Price Action:&nbsp;Tesla stock fell 8.3% on Wednesday to close at $440.13. Year-to-date, the stock is up 77.2%, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42056899/jim-cramer-thinks-trumps-plans-for-robotaxis-are-fanciful-but-he-is-still-bullish-on-tesla-stock-the-musk-premium-will-work-its-magic-in-other-ways" target="_blank" rel="noreferrer noopener">Jim Cramer Thinks Trump&#8217;s Plans For Robotaxis Are ‘Fanciful,&#8217; But He Is Still Bullish On Tesla Stock: ‘The Musk Premium Will Work Its Magic In Other Ways&#8217;</a></li>
</ul>
Photo courtesy: Tesla

Global

Tech

TSLA

Tesla EU Registrations Plunge 41% In November, Casting Shadow On Q4 Target Of Over 500,000 EV Deliveries

Westward Gold exercises option to acquire 100% ownership of Toiyabe Project

Westward Gold announces non-brokered private placement financing

Westward Gold

<table style='width:fit-content; border: none;'><tr style='background: none;'><td colspan='10' style='padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='www.westwardgold.com'><img src="https://thenewswire.com/data/tnw/clients/logos/1LYzFPXdg.png" alt="Westward Gold Inc." /></a></td></tr><tr style='background: none;'><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://www.facebook.com/WestwardGold'><img src="https://thenewswire.com/data/tnw/img/facebook.png" /></a></td><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://twitter.com/WestwardGold'><img src="https://thenewswire.com/data/tnw/img/twitter.png" /></a></td><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://www.linkedin.com/company/westward-gold-inc'><img src="https://thenewswire.com/data/tnw/img/linkedIn.png" /></a></td><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://www.youtube.com/channel/UCSpkDfKpbJezJFuUIVSdKEQ'><img src="https://thenewswire.com/data/tnw/img/youTube.png" /></a></td><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://www.instagram.com/westwardgold/'><img src="https://thenewswire.com/data/tnw/img/instagram.png" /></a></td><td style='padding: 0; margin: 0; border: none; background: none;'></td></tr></table>

Vancouver, British Columbia – TheNewswire - August 24, 2022 – Westward Gold Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/WG#CSE">WG</a>), (OTC:<a class="ticker" href="https://www.benzinga.com/stock/WGLIF#OTC">WGLIF</a>), (FSE:IM50) ("Westward" or the "Company") announces that it has completed its third anniversary payment to First Mining Gold Corp. ("First Mining") related to the option agreement (the "Agreement") entered into by Momentum Minerals Ltd., a wholly-owned subsidiary of Westward, and First Mining. The Company is currently earning into a 100% ownership position in the Turquoise Canyon Project ("Turquoise Canyon"), based on the Agreement dated August 20, 2019, as amended on August 19, 2020.



As per the Agreement, Westward has elected to pay First Mining C$137,500 in shares, based on the trailing 30-day volume-weighted average price on the CSE. The Company has issued a total of 1,544,944 shares at a deemed price of C$0.089 per share; following the issuance, First Mining will own 2,755,843 shares of Westward, representing approximately 4.0% of the total issued and outstanding shares of the Company.



In order to earn into its 100% ownership position in Turquoise Canyon, Westward must make one final payment on the fourth anniversary of the Agreement (August 20, 2023), for C$137,500 payable in cash or shares at the Company's option. Westward must also complete a total of C$750,000 in qualified exploration expenditures prior to August 20, 2023, with a minimum of C$50,000 in the first year of the Agreement and C$100,000 in the second year, both of which have been satisfied. To date, the Company has spent approximately C$544,000 at Turquoise Canyon. Following completion of the earn-in requirements, First Mining will retain a 2.0% Net Smelter Return Royalty, which can be reduced to 1.0% with a C$1,000,000 cash payment. 



About Westward Gold



Westward Gold is a mineral exploration company focused on developing the Toiyabe, Turquoise Canyon, and East Saddle Projects located in the Cortez Hills area of Lander County, Nevada. From time to time, the Company may also evaluate the acquisition of other mineral exploration assets and opportunities.



For further information contact: 



Colin Moore 
President, CEO & Director 
Westward Gold Inc. 
<a href="mailto:colin@westwardgold.com">colin@westwardgold.com</a> 
Tel: +1 (647) 403 0391



<a href="http://www.westwardgold.com" title="www.westwardgold.com">www.westwardgold.com</a>



The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.



This news release contains or incorporates by reference "forward-looking statements" and "forward-looking information" as defined under applicable Canadian securities legislation. All statements, other than statements of historical fact, which address events, results, outcomes, or developments that the Company expects to occur are, or may be deemed, to be, forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as "expect", "believe", "anticipate", "intend", "estimate", "potential", "on track", "forecast", "budget", "target", "outlook", "continue", "plan" or variations of such words and phrases and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved or the negative connotation of such terms.



Such statements include, but may not be limited to, information as to strategy, plans or future financial or operating performance, such as the Company's expansion plans, project timelines, expected drilling targets, and other statements that express management's expectations or estimates of future plans and performance.



Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons, availability of equipment (including drills) and personnel to carry out work programs, that each stage of work will be completed within expected time frames, that current geological models and interpretations prove correct, the results of ongoing work programs may lead to a change of exploration priorities, and the efforts and abilities of the senior management team. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. These and other factors may cause the Company to change its exploration and work programs, not proceed with work programs, or change the timing or order of planned work programs. Additional risk factors and details with respect to risk factors that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this news release are set out in the Company's latest management discussion and analysis under "Risks and Uncertainties", which is available under the Company's SEDAR profile at <a href="http://www.sedar.com" title="www.sedar.com">www.sedar.com</a>. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations, and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.

  

Copyright (c) 2022 TheNewswire - All rights reserved.

<table style='width:fit-content; border: none;'><tr style='background: none;'><td colspan='10' style='padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='www.westwardgold.com'><img src="https://thenewswire.com/data/tnw/clients/logos/1LYzFPXdg.png" alt="Westward Gold Inc." /></a></td></tr><tr style='background: none;'><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://www.facebook.com/WestwardGold'><img src="https://thenewswire.com/data/tnw/img/facebook.png" /></a></td><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://twitter.com/WestwardGold'><img src="https://thenewswire.com/data/tnw/img/twitter.png" /></a></td><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://www.linkedin.com/company/westward-gold-inc'><img src="https://thenewswire.com/data/tnw/img/linkedIn.png" /></a></td><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://www.youtube.com/channel/UCSpkDfKpbJezJFuUIVSdKEQ'><img src="https://thenewswire.com/data/tnw/img/youTube.png" /></a></td><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://www.instagram.com/westwardgold/'><img src="https://thenewswire.com/data/tnw/img/instagram.png" /></a></td><td style='padding: 0; margin: 0; border: none; background: none;'></td></tr></table>

Vancouver, British Columbia – TheNewswire - August 3, 2022 – Westward Gold Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/WG#CSE">WG</a>), (OTC:<a class="ticker" href="https://www.benzinga.com/stock/WGLIF#OTC">WGLIF</a>), (FSE:IM50) ("Westward" or the "Company") is pleased to announce that the Company's inaugural drill campaign at its flagship Toiyabe Project in Lander County, Nevada ("Toiyabe") was successfully completed on July 19th. Demobilization and site clean-up activities have also now been completed, and the Company is currently conducting its initial post-campaign analyses prior to receiving assay results. Those results from ALS Ltd. are expected to be received in batches, beginning before the end of August and through into September. 



Drill Campaign - Overview



In total, the Company completed ~3,850 meters of reverse-circulation drilling across 13 holes and 4 target zones, all of which were outside of the footprint of the historical resource estimate at Toiyabe (~173 koz at 1.2 g Au/t)(1) (the "Historical Estimate"). Drillhole depths ranged from a minimum of 244 meters to a maximum of 349 meters, with an average depth of 296 meters; for comparison, only 16% of all holes identified from previous operators' campaigns(2) reached a depth of +180 meters.



Colin Moore, CEO of Westward, commented: "On behalf of Westward management and the Board of Directors, I would like to extend our deepest thanks to Dave Browning (VP Exploration), Savannah Reyes (Project Geologist) and Steven Koehler (Technical Advisor) for their tireless efforts executing a safe and efficient drill campaign. This represents a very significant milestone for the Company, and a vital step in the continued advancement of our Nevada land package."



Figure 1: (Left to Right) – Colin Moore (CEO), Steven Koehler (Advisor), Richard Bedell (Advisor) 
and Savannah Reyes (Project Geologist) Looking at Drill Cuttings from Rig (June 2022)



<a href='https://thenewswire.com/data/tnw/clients/img/5b8a666e3bf38f17216f1f79b8777cf6.png' target='_blank'><img src="https://thenewswire.com/data/tnw/clients/img/5b8a666e3bf38f17216f1f79b8777cf6_.png" /></a> 
Click Image To View Full Size

 

Drill Campaign – Primary Goals & New Theses Tested



The main goals of the Company's first drill campaign at Toiyabe were threefold:


<ul>
<li>

Prove out the lateral extent of mineralization at Toiyabe outside of the Historical Estimate footprint, as a step towards potential future resource expansion (See Figures 2 through 4) 

</li><li>

Test a major deformation zone / blind thrust fault (the "SSD Zone"), identified through relogging of previous drillholes, 3D modeling, and hyperspectral core imaging. Drilling was also designed to test the Company's thesis that the SSD Zone dips to the northeast from its surface expression at the past-producing Toiyabe-Saddle open pits (contrary to legacy modeling) (See Figure 3) 

</li><li>

Test a newly-discovered and previously-undrilled target, the Toiyabe Hills Fault (the "TH Fault"); this important structural feature / fluid pathway may have played a key role in mineral deposition in the area (including at the Toiyabe-Saddle Mine immediately south along the fault trace) (See Figure 4) 

</li>
</ul>


SSD Zone: The deformation zone was encountered at a depth which suggests the Company's thesis was correct; preliminary modeling shows that the interpreted dip angle (to the northeast) lines up with the few legacy holes drilled deep enough to reach the SSD Zone underneath the Historical Estimate (those intersections were +25 meters wide with grades of +1 g Au/t(2)). This target area also included the deepest hole in Westward's campaign (T2211 – 349 meters; see Figure 2 below), with the technical team making the decision to go deeper than anticipated with holes T2211 and T2210 based on favourable real-time observations; large sections of oxidation, decalcification and intrusive rocks were encountered throughout the length of the holes.



TH Fault: Drilling confirmed the presence of this previously-unknown structural feature, as well as several other structures encountered across the holes in the target zone. Broad zones of decalcification (+15 meters) and intrusive rocks were observed throughout the drilling; surface mapping and drill cuttings confirmed that the TH Fault was a fluid conduit based on the alteration and intrusive rocks.



Dave Browning, VP Exploration, noted: "The confirmation of the TH Fault, and our thesis as it relates to the geometry of the SSD Zone, will lead to a much more robust geological and structural model at Toiyabe. This in turn could point us to some exciting follow-up targets based on our much-improved understanding of mineralization controls at Toiyabe."



Figure 2: Drill Testing the California Target Area



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Click Image To View Full Size

 

Figure 3: Drill Testing the SSD Zone at the Toiyabe-Saddle Down-dip Target Area



<a href='https://thenewswire.com/data/tnw/clients/img/616bf97a192f65ba9a243b208141e4d6.png' target='_blank'><img src="https://thenewswire.com/data/tnw/clients/img/616bf97a192f65ba9a243b208141e4d6_.png" /></a> 
Click Image To View Full Size

 

Figure 4: Drill Testing the TH Fault at the Toiyabe Hills North & South Target Areas



<a href='https://thenewswire.com/data/tnw/clients/img/7ad02816307fc1ea7e9682ba14f66e10.png' target='_blank'><img src="https://thenewswire.com/data/tnw/clients/img/7ad02816307fc1ea7e9682ba14f66e10_.png" /></a> 
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Next Steps



The Company's technical team has begun its initial post-campaign analyses, which will include logging of all the completed holes, and a fulsome update to the 3D model. Data pertaining to mineralization will be incorporated into the model as assays are received. Along with fire assays / ICP (Au – ICP21) for gold mineralization, ALS Ltd. will also be testing for a full 48-element suite with four acid / ICP-MS (ME-MS61). To Westward's knowledge, this will be the first drill campaign at Toiyabe to do so.



(1) Source: NI 43-101 Technical Report, American Consolidated Minerals Corporation, Prepared by Paul D. Noland, P. Geo., May 27, 2009 (the "2009 Technical Report"). A qualified person has not done sufficient work to classify the Historical Estimate at Toiyabe as current mineral resources and Westward is not treating the Historical Estimate on Toiyabe as a current mineral resource, as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). The Historical Estimate was calculated using mining industry standard practices for estimating Mineral Resource and Mineral Reserves (2005) which was prior to the implementation of the current CIM standards for mineral resource estimation (as defined by the CIM Definition Standard on Mineral Resources and Ore Reserves dated May 10, 2014). The key assumptions, parameters and methods used to prepare the Historical Estimate on Toiyabe are described in the 2009 Technical Report. While Westward considers the Historical Estimate on Toiyabe disclosed in this news release to be relevant to investors, it cautions readers that it should not be unduly relied upon in drawing inferences on the mineralization on Toiyabe, as additional work is required to upgrade or verify the Historical Estimate as a current mineral resource. This additional work includes (but may not be limited to): re-sampling and re-assaying of available core and/or pulps, verification of assay certificates and digital assay data, verification of select drill hole collars, review and verification of drill hole geologic logs versus the preserved core and RC cuttings, incorporation of AuCN assays to provide a general understanding of metallurgical characteristics, review and verification of mineralization controls and modelling techniques.



(2) Sources: NI 43-101 Technical Report, IM Exploration Inc., Prepared by Donald E. Cameron, P.Geo., August 5, 2021; Toiyabe data room and drill log files inherited from previous operators. The Company and its qualified person have relied on third-party data during its review of the information presented herein, and while it believes the information to be relevant to investors, it cautions readers that it should not be unduly relied upon in drawing inferences on the mineralization at Toiyabe, as additional work is required to confirm drill intercepts and/or soil samples, including (but not limited to): re-sampling and re-assaying of available core and/or pulps, verification of assay certificates where available, review and verification of drillhole geologic logs versus the preserved core and RC cuttings.



Qualified Person



The technical information contained in this news release was reviewed and approved by Steven R. Koehler, Technical Advisor to the Company, who is a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Koehler is a Certified Professional Geologist (CPG) through the American Institute of Professional Geologists (AIPG).



About Westward Gold



Westward Gold is a mineral exploration company focused on developing the Toiyabe, Turquoise Canyon, and East Saddle Projects located in the Cortez Hills area of Lander County, Nevada. From time to time, the Company may also evaluate the acquisition of other mineral exploration assets and opportunities.



For further information contact: 



Colin Moore 
President, CEO & Director 
Westward Gold Inc. 
<a href="mailto:colin@westwardgold.com">colin@westwardgold.com</a> 
Tel: +1 (647) 403 0391



<a href="http://www.westwardgold.com" title="www.westwardgold.com">www.westwardgold.com</a>



The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.



This news release contains or incorporates by reference "forward-looking statements" and "forward-looking information" as defined under applicable Canadian securities legislation. All statements, other than statements of historical fact, which address events, results, outcomes, or developments that the Company expects to occur are, or may be deemed, to be, forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as "expect", "believe", "anticipate", "intend", "estimate", "potential", "on track", "forecast", "budget", "target", "outlook", "continue", "plan" or variations of such words and phrases and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved or the negative connotation of such terms.



Such statements include, but may not be limited to, information as to strategy, plans or future financial or operating performance, such as the Company's expansion plans, project timelines, expected drilling targets, and other statements that express management's expectations or estimates of future plans and performance.



Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons, availability of equipment (including drills) and personnel to carry out work programs, that each stage of work will be completed within expected time frames, that current geological models and interpretations prove correct, the results of ongoing work programs may lead to a change of exploration priorities, and the efforts and abilities of the senior management team. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. These and other factors may cause the Company to change its exploration and work programs, not proceed with work programs, or change the timing or order of planned work programs. Additional risk factors and details with respect to risk factors that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this news release are set out in the Company's latest management discussion and analysis under "Risks and Uncertainties", which is available under the Company's SEDAR profile at <a href="http://www.sedar.com" title="www.sedar.com">www.sedar.com</a>. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations, and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.

  

Copyright (c) 2022 TheNewswire - All rights reserved.

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