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Tungsten Mining to pursue State-side listing to chase Donald Trump’s critmins focus
The Market Online· 2026-02-25 22:50
Core Viewpoint - Tungsten Mining (ASX:TGN) is pursuing a dual listing in the United States to leverage the U.S. government's focus on critical minerals, particularly tungsten, which is increasingly seen as strategically important for resilient supply chains [1][3]. Group 1: Strategic Intent - The company aims to list on either the Nasdaq or the New York Stock Exchange (NYSE) alongside its existing ASX listing to enhance engagement with U.S. government agencies and broaden its investor base [2]. - Chairman Gary Lyons emphasized the alignment between TGN's tungsten portfolio and U.S. strategic priorities, indicating that the U.S. listing reflects the growing importance of tungsten in supply chain security [3][4]. Group 2: Growth Strategy - Access to U.S. capital markets is viewed as a crucial factor for the company's long-term growth strategy, especially as it engages with U.S. defense contractors and industrial end-users [4]. - The company has initiated high-level discussions with potential downstream processing and offtake partners, indicating proactive steps towards expanding its operational footprint [5]. Group 3: Project Development - Tungsten Mining is advancing its pre-feasibility study for the Mt Mulgine project in Western Australia, following a successful $53 million placement, which positions the company for a final investment decision [5]. - The company has a growing portfolio of advanced tungsten assets, including key projects at Mt Mulgine, Watershed in Queensland, and Hatches Creek in the Northern Territory [6].