Western Star Resources Announces Acquisition of an Option to Acquire a Past Producing Tungsten Project in Nevada

Core Viewpoint - Western Star Resources Inc. has entered into an agreement to acquire the past producing Rowland Project in Nevada, which is strategically significant due to its high-grade tungsten content and alignment with U.S. government priorities for domestic mineral supply chains [1][5]. Acquisition Details - The acquisition involves a total consideration of CAD $60,000 and 1,000,000 common shares of Western Star Resources Inc. [7] - The initial payment includes CAD $20,000 non-refundable and a deferred payment of CAD $40,000 upon conditional approval from the Canadian Securities Exchange [8]. Project Highlights - The Rowland Project has reported tungsten values of 3.38% WO₃ and is located in a historically significant mining district [2] - The project features extensive mineralization potential that remains under-explored with modern techniques [2][5]. Strategic Importance - Tungsten is classified as a critical mineral essential for various industries, including defense and aerospace, with the U.S. heavily reliant on imports [2][5]. - The acquisition aligns with recent U.S. policies aimed at securing domestic sources of critical minerals, providing potential government support and fast-tracked permitting [5][14]. Future Plans - Western Star plans to initiate exploration activities, including geophysics and channel sampling, to advance the project to a drill-ready stage by early next year [5]. - The company aims to increase the total claim area and identify high-grade mineralization as part of its exploration strategy [8]. Financial Considerations - The agreement includes performance milestones that, upon verification, will trigger additional share issuances and cash payments [8][9]. - The vendors will retain a 1.5% Net Smelter Return royalty on the property, with an option for Western Star to buy back 1.0% for CAD $1,000,000 [9].