Adelayde Exploration Acquires the Sisson NW Tungsten Project in New Brunswick

Core Viewpoint - Adelayde Exploration Inc. plans to acquire the Sisson NW Tungsten Project in New Brunswick, which will significantly expand its tungsten footprint in the region to a total of 9,780 acres, amid rising global demand for tungsten due to geopolitical tensions and supply constraints [2][4][5]. Company Summary - The acquisition involves 89 claims covering 4,890 contiguous acres and is subject to regulatory approvals [2]. - The company will issue a total of 6,000,000 common shares at a deemed price of $0.11 and make a cash payment of $5,000 as part of the acquisition [5]. - Adelayde's existing projects include the Sisson North Tungsten Project and various lithium and gold projects in Nevada, indicating a diversified portfolio in critical minerals [7]. Industry Summary - The global market for tungsten is experiencing increased value due to China's tightening control over tungsten production and escalating demand, particularly highlighted by the recent funding secured by Northcliff Resources Ltd. for their Sisson Tungsten Mine [4][5]. - The junior markets for tungsten are buoyant, as evidenced by the significant rise in share prices of companies like American Tungsten Corp., which increased from $0.03 to $4.74 within a year [5].