GoldHaven Resources to Acquire Strategic High-Grade Tungsten Claims within its Magno Project in Northwestern British Columbia

Company Overview - GoldHaven Resources Corp. has entered into an agreement to acquire the Kuhn, Dead Goat, and M3 claims in northwestern British Columbia, expanding its flagship Magno Project [1][7] - The claims cover a total of 1,100.6 acres and contain a historic resource estimate of 409,300 tonnes at 0.48% WO₃ and 0.134% MoS₂ in the Kuhn North zone [1][5] Acquisition Details - The acquisition involves a title transfer agreement with Fundamental Resources Corp., where GoldHaven will issue 1,250,000 common shares as consideration, subject to a 36-month escrow release schedule [7] - The transaction is expected to be completed around June 24, 2025 [7] Mineral Resource Insights - The total historical resource estimate across the Kuhn and Dead Goat properties is 616,500 tonnes, with significant grades of tungsten and molybdenum [5][6] - Historical drilling has confirmed the presence of high-grade scheelite and molybdenite, indicating a well-developed skarn-type mineralization system [6] Strategic Importance of Tungsten - Tungsten is recognized as a critical mineral due to its unique properties and essential role in defense systems, aerospace, and advanced manufacturing [2] - The global tungsten supply chain is currently facing geopolitical risks, particularly due to China's control over 80% of production and recent export controls that have disrupted supply [3] Future Plans - The company plans to conduct a detailed review of historical data and design follow-up exploration programs to confirm and expand known mineralization [10] - The acquisition is expected to strengthen GoldHaven's strategic land position and introduce additional potential for copper, zinc, and molybdenum [8]