Core Viewpoint - Adelayde Exploration Inc. is advancing its Sisson North tungsten project in New Brunswick by engaging New-Sense Geophysics Ltd. for a comprehensive survey, highlighting the growing importance of critical minerals like tungsten in domestic supply chains [1][3]. Company Developments - The Sisson North tungsten project is strategically located next to the Sisson Tungsten Mine, which was recognized as a "Nation-Building Project" by the Canadian Prime Minister [2]. - Adelayde has entered into a joint venture to explore lithium brine potential in Clayton Valley, Nevada, which is surrounded by major industry players [5]. - The company is well-financed and plans to execute multiple exploration programs in 2026, capitalizing on the rising demand for critical minerals [3]. Industry Context - The demand for critical minerals, particularly tungsten, is increasing as governments and industries aim to strengthen domestic supply chains and reduce foreign reliance [3]. - The price of lithium has nearly tripled since June 2025, indicating a significant market shift that may benefit companies involved in lithium exploration [3]. - The U.S. Department of Defense and the Canadian Government have provided substantial funding to advance projects in the critical minerals sector, reflecting the strategic importance of these resources [2].
Adelayde Exploration Engages Geologic Firm for Work Program on the Sisson North Tungsten Project Directly Bordering Northcliff Resources Ltd.
TMX Newsfile·2026-02-27 08:01