WestMountain Gold, Inc.
WMTN
Other OTC1.80
USD
- -
- -
ISIN
US96111A2006
CUSIP
96111A200
Return %
Stock
S&P500
1Y
73.08
26.53
3Y
1,100.00
76.60
5Y
-10.00
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Richard A. Bloom
- Full Time Employees
- 4
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 1001 – A East Harmony Road Fort Collins CO United States of America 80525
- IPO Date
- Sep 30, 2010
- Website
- westmountaingold.com
- Similar Companies
- Business
- WestMountain Gold, Inc. (WMTN) is an exploration-stage mining company focused on the acquisition, exploration, and development of precious metal properties, primarily gold and silver deposits in Alaska. The company holds a 100% interest in the advanced-stage Terra Project, a bonanza-grade gold system located in the Revelation Mountains of the Alaska Range along the prolific Tintina Gold Belt, 210 kilometers west-northwest of Anchorage; the property encompasses 344 State of Alaska mining claims covering approximately 55,040 contiguous acres (86 square miles or 222 square kilometers), including the high-grade Ben Zone with narrow vertical quartz veins hosting electrum (gold-silver alloy) and the bulk-mineable Fish Zone; exploration activities encompass diamond drilling (74 holes totaling 15,392 meters), surface sampling (over 2,000 samples), geophysical surveys (magnetic, IP, VLF), LiDAR, and pilot bulk sampling that has produced over 4,500 ounces of gold from roughly 3,000 tonnes at grades around 46 g/t Au using crushing, gravity concentration, and shaker tables without chemicals; a 2020 NI 43-101 Technical Report (updated 2023) by R.J. Robinson estimates indicated and inferred resources of 881,515 ounces gold at 2.5 g/t Au cut-off for narrow-vein underground mining (up 25% from prior 5.0 g/t cut-off) or 1,933,432 ounces gold and 3,194,680 ounces silver at mixed 1.0 g/t (Ben) and 0.35 g/t (Fish) cut-offs for underground bulk mining at Ben Zone and open-pit at Fish Zone, with potential expansion to 5-7 million ounces through deeper drilling below 250 meters and along strike in open zones; infrastructure includes a 25-person camp, core shack, mill, airstrip, roads, and equipment, with all exploration permits and reclamation plans renewed in 2021 and no federal permits or indigenous claims required. Incorporated in Alaska on March 2, 2010, to manage Terra operations via subsidiary Terra Mining Corp., the company maintains headquarters at 1001-A East Harmony Road, Suite 340, Fort Collins, Colorado 80525, United States, and trades on OTC Pink Limited with 20.14 million shares outstanding as of February 2024. In a key strategic development, WestMountain pursues a proposed merger with Mayo Lake Minerals Inc. (CSE: MLKM), first announced via letter of intent in 2023 and updated July 2024, to combine Terra's resources with Mayo's 948 Yukon claims (190 square kilometers) in the Tombstone Gold Belt for a transborder Tintina Gold Province position; completion is targeted within two quarters alongside a C$7.5 million private placement to fund 6,000 meters of diamond drilling at Terra for resource expansion, debt repayment, and Yukon advancement, subject to regulatory and shareholder approvals amid challenging junior market conditions.