Happy Creek Minerals raises $3.2M for Fox tungsten project drilling - ICYMI

Financing and Exploration Plans - Happy Creek Minerals Ltd. announced a $3.2 million financing to support exploration at the Fox tungsten project [1][4] - The funds will be allocated to a 10,000-metre drill program aimed at expanding the current resource, which is approximately 1 million tons with a tungsten grade over 1% [1][6] Resource Expansion Goals - The drilling program aims to significantly increase the resource to a target range of 3 to 5 million tons, establishing the Fox project as a substantial tungsten deposit globally [2][7] - The current resource is composed of half indicated and half inferred, indicating a high degree of confidence in the geological understanding [7] Investor Interest and Market Context - The financing has attracted institutional investors, including Waratah Capital and Power One, who recognize tungsten as a critical metal for future applications, particularly in military uses [5][4] - The project is positioned in the Cariboo district of British Columbia, providing good access to infrastructure and resources, which enhances its attractiveness to investors [8]