Fox(US:FOX) Proactiveinvestors NA·2026-02-28 15:16Core Viewpoint - Fox Tungsten Ltd has rebranded from Happy Creek Minerals to better align with its focus on high-grade tungsten assets in British Columbia, capitalizing on the current high demand and prices for tungsten [1][3][4]. Company Focus - The rebranding reflects a strategic shift after the sale of the Happy Valley project, narrowing the company's focus to two projects, with the Fox project being a primary asset [4]. - The company plans to conduct an extensive drilling program of 20,000 meters this summer, aiming to double its resource and complete a Preliminary Economic Assessment (PEA) and resource update [5][6]. Market Context - Tungsten prices are at all-time highs, driven by increased interest in critical minerals, making it an opportune time for the company to accelerate development [3][6]. - Tungsten is a niche but essential commodity, used in various applications including national security, with 80% of global production coming from China and no operating tungsten mines in North America [7][8]. Resource Quality - The company possesses the highest-grade tungsten deposit in the world, located in southern British Columbia, with a resource grade of 1% tungsten, which is equivalent to approximately 14% copper or 11 grams per tonne gold at current spot prices [8][9].