WESTERN EXPLORATION INC. (WEXPF)
Western Exploration Inc. is dedicated to the prospecting and development of gold and silver mineral resources throughout North America. The company's main asset is the Aura gold-silver project, situated in Elko County, Nevada. Its corporate headquarters are located in Reno, Nevada, and it operates as a subsidiary of Golkonda Llc.
Sector: Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industry: Other Precious Metals
Western Exploration Inc.
OTC:WEXPFBasic Materials · Other Precious Metals
+0.20%$0.4382
Mkt Cap$27.36M
Float19.91M
O/S62.43M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$3.74M
Total Assets$9.12M
Free Cash Flow-$3.87M
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$8.19M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in WEXPF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$9.12M
Liabilities$924K
Accounts Receivable$22K
Accounts Payable$95K
Inventory$0
PP&E (Net)$7.94M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $7K | $6K | $9K | $11K | $13K | $30K | $0 | $10K | $5K | $6K | $10K |
| Gross Profit | -$7K | -$6K | -$9K | -$11K | -$13K | -$30K | $0 | -$10K | -$5K | -$6K | -$10K |
| Gross Margin | - | - | - | - | - | - | - | - | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.6M | $5.86M | $4.58M | $3.44M | $1.08M | $1.82M | $1.22M | $5.65M | $2.85M | $1.85M | $1.44M |
| Other | $2.17M | -$288K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $3.77M | $5.57M | $4.59M | $5.6M | $1.93M | $7.19M | $1.22M | $5.65M | $2.85M | $1.85M | $1.44M |
| Operating Income (EBIT) | -$3.78M | -$5.58M | -$4.58M | -$5.6M | -$2.05M | -$7.22M | -$1.22M | -$5.66M | -$2.85M | -$1.86M | -$1.45M |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | $0 | $0 | $0 | $0 | $21K | $1.45M | $1.66M | $0 | $1.24M | $437K | $598K |
| Interest Income | $20K | $100K | $45 | $13K | $0 | $2K | $25K | $382 | $43K | $15K | $6K |
| Other Income (Expense) | $38K | $139K | -$54K | $4K | $87K | $64K | -$1.17M | -$2.47M | -$1.05M | $23K | -$1.2M |
| Income Before Tax (EBT) | -$3.74M | -$5.44M | -$4.63M | -$5.38M | -$1.86M | -$7.22M | -$2.39M | -$8.13M | -$3.9M | -$1.84M | -$2.65M |
| Income Tax Expense | $0 | $0 | $0 | -$218K | -$87K | $1.49M | $0 | -$17K | -$11K | -$12K | -$11K |
| Net Income | -$3.74M | -$5.44M | -$5K | -$5.38M | -$1.86M | -$7.22M | -$4.42M | -$8.11M | -$3.89M | -$1.82M | -$2.64M |
| Net Income Margin | - | - | - | - | - | - | - | - | - | - | - |
| Supplementary Data | |||||||||||
| EPS | -0.08 | -0.13 | -0.00 | -0.18 | -0.06 | -0.03 | -0.02 | -0.04 | -0.02 | -0.01 | -0.02 |
| Diluted EPS | -0.08 | -0.13 | -0.00 | -0.18 | -0.06 | -0.03 | -0.02 | -0.04 | -0.02 | -0.01 | -0.02 |
| Weighted Average OS | 49.53M | 42.00M | 33.11M | 30.65M | 30.49M | 39.96M | 49.90M | 36.46M | 34.62M | 31.19M | 23.33M |
| EBITDA | -$3.77M | -$5.44M | -$4.62M | -$5.16M | -$1.81M | -$7.57M | -$684K | -$5.6M | -$2.65M | -$1.39M | -$2.04M |
| EBITDA Margin | - | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $460K | $991K | $520K | $1.27M | $5.5M | $1.07M | $1.02M | $4.31M | $6.76M | $5.9M | $2.57M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $460K | $991K | $520K | $1.27M | $5.5M | $1.07M | $1.02M | $4.31M | $6.76M | $5.9M | $2.57M |
| Accounts Receivable | $22K | $0 | $1K | $998 | $1K | $0 | $18K | $23K | $16K | $27K | $24K |
| Inventory | $0 | $0 | $0 | $57 | $40 | $0 | -$1 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $562K | $1.09M | $722K | $1.39M | $5.53M | $1.1M | $1.05M | $4.35M | $6.79M | $5.94M | $2.61M |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $7.94M | $7.95M | $7.96M | $7.97M | $7.98M | $7.95M | $84.08M | $73.14M | $62.24M | $53.96M | $47.07M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $610K | $611K | $608K | $611K | $622K | $814K | $44K | $6.22M | $6.13M | $6.12M | $6.11M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $7K | $12K | $10K | $7K | $8K | $5K | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $8.55M | $8.57M | $8.58M | $8.58M | $8.61M | $8.77M | $84.12M | $79.37M | $68.37M | $60.08M | $53.18M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $9.12M | $9.66M | $9.3M | $9.98M | $14.13M | $9.86M | $85.17M | $83.71M | $75.16M | $66.02M | $55.79M |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $95K | $125K | $111K | $56K | $1.21M | $110K | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $10M | $12M | $11.98M | $0 | $3.08M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | -$446K | -$1.3M | -$79 | -$182K | $0 | $0 | $0 |
| Other Current Liabilities | -$393 | $0 | $0 | $14K | $0 | $0 | $1.87M | $3.14M | $1.28M | $1.37M | $1.25M |
| Total Current Liabilities | $215K | $126K | $249K | $124K | $1.71M | $1.57M | $11.95M | $15.14M | $13.26M | $1.37M | $4.32M |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $1.5M | $11.25M | $0 | $0 | $505K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $709K | $1.04M | $1.07M | $941K | $784K | $402K | $238K | $228K | $1.18M | $889K | $209K |
| Total Long-Term Liabilities | $709K | $1.04M | $1.07M | $941K | $784K | $402K | $1.74M | $11.47M | $1.18M | $889K | $714K |
| Other Liabilities | $0 | $0 | -$1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $924K | $1.16M | $1.32M | $1.07M | $2.5M | $1.97M | $13.69M | $26.61M | $14.45M | $2.26M | $5.04M |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $55.05M | $52.7M | $49.29M | $46.9M | $45.76M | $44.52M | $97.61M | $78.64M | $74.33M | $74.2M | $57.86M |
| Retained Earnings | -$69.16M | -$65.61M | -$59.9M | -$55.35M | -$49.97M | -$51.41M | -$32.92M | -$28.6M | -$20.05M | -$16.3M | -$14.46M |
| Comprehensive Income & Other | -$203K | -$185K | -$50K | -$59K | $54K | $0 | -$490K | -$452K | -$452K | -$452K | $1.34M |
| Other Stockholders' Equity | $22.3M | $21.41M | $18.58M | $17.36M | $15.84M | $14.78M | $6.79M | $7.06M | $6.44M | $5.86M | $7.34M |
| Total Equity | $8.19M | $8.5M | $7.97M | $8.91M | $11.63M | $7.89M | $71.48M | $57.1M | $60.72M | $63.76M | $50.75M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $9.12M | $9.66M | $9.29M | $9.98M | $14.13M | $9.86M | $85.17M | $83.71M | $75.16M | $66.02M | $55.79M |
| Supplementary Data | |||||||||||
| Total Debt | $0 | $0 | $0 | $0 | $446K | $1.3M | $11.5M | $23.25M | $11.98M | $0 | $3.58M |
| Net Debt | -$460K | -$991K | -$520K | -$1.27M | -$5.05M | $234K | $10.48M | $18.93M | $5.22M | -$5.9M | $1.01M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Operating Activities | |||||||||||
| Net Income | -$3.74M | -$5.72M | -$4.55M | -$5.38M | -$1.86M | -$7.22M | -$2.39M | -$8.11M | -$3.89M | -$1.82M | -$2.64M |
| Depreciation & Amortization | $7K | $6K | $9K | $11K | $14K | $30K | $51K | $10K | $5K | $6K | $10K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $509K | $484K | $1.47M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | -$22K | $0 | $0 | $0 | $0 | -$1K | $4K | -$7K | $12K | -$3K | $12K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $1K | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $140K | -$805K | $998K | $88K | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $50K | -$23K | -$77K | -$102K | $8K | $540K | $144K | $316K | $525K | $112K | $63K |
| Total Working Capital Change | $27K | -$23K | $63K | -$907K | $1.01M | $628K | $148K | $309K | $536K | $109K | $74K |
| Other Non-Cash Items | -$155K | -$175K | $122K | -$278K | $571K | $42K | -$763K | $4.6M | $896K | -$230K | $1.22M |
| Net Cash from Operating | -$3.86M | -$5.4M | -$3.87M | -$5.09M | -$267K | -$6.52M | -$3M | -$3.22M | -$2.45M | -$1.95M | -$1.34M |
| Investing Activities | |||||||||||
| Capital Expenditures | -$8K | $0 | $0 | $0 | -$44K | -$33K | -$102K | -$8.77M | -$9.19M | -$6.29M | -$4.1M |
| Acquisitions | $0 | $0 | $0 | $10K | $64K | $0 | $0 | $475 | $0 | $296 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$68K | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11 |
| Other Investing Activities | $0 | $0 | $7K | $396 | $23K | $0 | -$5.44M | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$8K | $0 | $7K | $10K | $43K | -$33K | -$5.44M | -$8.84M | -$9.19M | -$6.29M | -$4.1M |
| Financing Activities | |||||||||||
| Debt Repaid | - | - | - | - | -$275K | - | - | -$9.49M | -$12.43M | $3.16M | - |
| Common Stock Issuance | $3.29M | $5.87M | $3.12M | $834K | $4.19M | $7.41M | $5.08M | $250K | $97K | $14.97M | $7.18M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $63K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $3.35M | $5.87M | $3.12M | $834K | $4.46M | $7.41M | $5.08M | $9.74M | $12.53M | $11.81M | $7.18M |
| Forex Effect | -$16K | $0 | $0 | $0 | $0 | $0 | $77K | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$530K | $471K | -$747K | -$4.24M | $4.24M | $854K | -$3.3M | -$2.45M | $859K | $3.56M | $1.73M |
| Supplementary Data | |||||||||||
| Operating Cash Flow | -$3.86M | -$5.4M | -$3.87M | -$5.09M | -$267K | -$6.52M | -$3M | -$3.22M | -$2.45M | -$1.95M | -$1.34M |
| Capital Expenditure | -$8K | $0 | $0 | $0 | -$44K | -$33K | -$102K | -$8.77M | -$9.19M | -$6.29M | -$4.1M |
| Free Cash Flow | -$3.87M | -$5.4M | -$3.87M | -$5.09M | -$310K | -$6.55M | -$3.11M | -$11.99M | -$11.64M | -$8.25M | -$5.44M |
| Cash at Beginning | $990K | $1.13M | $1.88M | $6.12M | $1.88M | $1.03M | $4.31M | $6.76M | $5.9M | $2.34M | $834K |
| Cash at End | $460K | $1.6M | $1.13M | $1.88M | $6.12M | $1.88M | $1.02M | $4.31M | $6.76M | $5.9M | $2.57M |