On February 23, 2026, Dundee Corporation and Westhaven Gold announced the effectiveness of the definitive earn-in agreement granting Dundee the sole and exclusive right to acquire up to a 60% interest in Westhaven’s Shovelnose Gold Project, Prospect Valley Gold Project, Skoonka Gold Project and Skoonka North Project located in the Spences Bridge Gold Belt of southern British Columbia upon the funding by Dundee of certain project expenditures totalling $85 million, as previously announced on December 22, 2025.
Dundee and Westhaven are now in the first phase of the Earn-In Agreement, whereby Dundee has committed to invest at least $30 million in project expenditures by no later than February 20, 2029, in order to earn an initial 25% interest in the projects.
Cassels acted for Dundee Corporation.