About Western Exploration
Western Exploration is a publicly listed company based in Reno (United States) founded in 1999. Drilling, grinding, and other mining services are provided. Its chief executive, as recorded, is Darcy Marud. Its focus areas include Mining and Services for Mining Industry.
Company details
Western Exploration was founded in 1999 and is headquartered in Reno, United States. Operations are centered in the mining sector, where drilling, grinding, and related services are delivered to support exploration and extraction activities. The company serves clients across various mining projects, with leadership provided by CEO Darcy Marud. Focus remains on practical service provision in the industry.
- Headquarters Reno, United States
- Stage Public
- SectorsNatural Resources
- Email••••••••
- Phone•••• ••••
- Website westernexploration.com
- Social LinkedIn X
- Legal Name Western Exploration Inc
- Net Profit-$3.75 M (USD)34.4as on Dec 31, 2025
- EBITDA-$3.78 M (USD)35.45as on Dec 31, 2025
- Latest Funding Round$6.51M (USD), Post-IPO
Jan 2026
Funding Insights of Western Exploration
- Total Rounds 4
- Last Round Post-IPO — $6.51M
All 4 funding rounds of Western Exploration with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2026 | $6.51M | Post-IPO | – | – | – |
| Mar 2024 | $6.54M | Post-IPO | – | – | – |
| May 2023 | Post-IPO | – | – | – | |
| Dec 2022 | Post-IPO | – | – | – |
People of Western Exploration
1 people are tracked at Western Exploration (1 in leadership).
| Name | Role | Group |
|---|---|---|
Darcy Marud | CEO | Leadership |
Complete people profiles for Western Exploration
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IPO & Listings of Western Exploration
Western Exploration is a publicly listed company on the TSXV with ticker symbol WEX in Canada, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date25 Jan 2013
- Listed onOTCMKTS: WEXPF
- Listed entityWestern Exploration Inc
- Exchange sectorNon-energy minerals
- ISINCA95816A2002
- Share price0.64 CAD (-3.03% on the day) · 2026-10-13
- Market capitalisation39,953,788.00 CAD
- EPS (diluted, trailing year)-0.10 CAD
- Volume (last session)8,974
Financials of Western Exploration
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | -5.1M CAD | -5.2M CAD | |
| 2024 | -7.8M CAD | -8.0M CAD | |
| 2023 | -6.1M CAD | -6.2M CAD | |
| 2022 | -7.0M CAD | -7.3M CAD | |
| 2021 | -2.3M CAD | -2.4M CAD |
Detailed financial statements for Western Exploration
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Western Exploration
4 dated milestones of Western Exploration across 27 years, from founding to its latest funding, stage changes and deals.
- Founded Western Exploration is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round.
- Funding Latest funding round, Post-IPO, of $6.5M.
Web traffic of Western Exploration
The website of Western Exploration (westernexploration.com) receives about 1K visits a month.
- Monthly visits1K
▲ 210.6% vs previous month
Top companies in Services for Mining Industry
3 companies that operate in the same segment as Western Exploration (Services for Mining Industry) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Onshore drilling services are provided using programmable multidirectional rigs. | 2011 | Leesburg, Virginia, United States | USD 153 M | USD 210.11 M | 600 | |
Oil and gas drilling services are provided worldwide. | 1920 | Tulsa, Oklahoma, United States | USD 3.75 B | 7,000 | ||
Provides mineral processing and waste treatment services for the mining and reclamation industries | 2018 | Casper, Wyoming, United States | USD 84.5 M |
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Related news about Western Exploration
Complete news archive for Western Exploration
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Frequently Asked Questions about Western Exploration
Western Exploration was founded in 1999 and raised its 1st funding round 23 years after it was founded.
Western Exploration is headquartered in Reno, United States. It is registered at Reno, Nevada, United States.
Darcy Marud is the CEO of Western Exploration, as recorded in our data.
Western Exploration was founded in 1999 and is headquartered in Reno, United States. Operations are centered in the mining sector, where drilling, grinding, and related services are delivered to support exploration and extraction activities. The company serves clients across various mining projects, with leadership provided by CEO Darcy Marud. Focus remains on practical service provision in the industry.
Yes, Western Exploration is publicly traded on TSXV under the ticker symbol WEX.