Makenita Resources More than Doubles Its Landholdings in the Sisson West Tungsten Project in New Brunswick, Canada

Core Insights - Makenita Resources has more than doubled its landholdings in the Sisson West Tungsten Project, now totaling approximately 9,400 contiguous acres, which are prospective for tungsten and border the Sisson Tungsten Mine [1][2] - The Sisson Tungsten Mine was recently designated as one of Canada's first "Nation-Building Projects" by Prime Minister Mark Carney, indicating governmental support for the mining sector [1][2] - The price of tungsten has increased over 100% this year, reaching near-year highs, which positions Makenita favorably for growth in 2026 [2] Company Developments - The new acreage was acquired through staking, reflecting the company's strategic expansion in a promising mining area [6] - Makenita Resources has a small share count of just over 30 million, which may enhance shareholder value as the company progresses with its projects [2] Industry Context - The designation of the Sisson Tungsten Mine as a "Nation-Building Project" suggests a favorable regulatory environment for mining operations in Canada, potentially benefiting companies like Makenita [1][2] - The significant rise in tungsten prices may attract more investment and interest in tungsten mining projects, indicating a positive trend for the industry [2]