Core Insights - The price of tungsten has surged by 130% this year, rising from approximately $320 per metric ton to nearly $800 per metric ton, driven by increased demand in various sectors [2][10]. - China controls over 80% of the global tungsten supply and has tightened export controls, impacting availability for the U.S. market [3][8]. - Alante Industries is set to restart tungsten mining operations in the U.S., specifically at the Gen Tongue Brown's Lake Tungsten project in Montana, marking a significant shift in domestic production [4][6]. Industry Overview - Tungsten is essential in multiple industries, including defense, technology, and automotive, with a particular emphasis on its role in semiconductor production and AI development [7][8]. - The U.S. has been reliant on Chinese tungsten, but recent restrictions on exports from China have prompted a reevaluation of domestic supply chains [9][18]. Company Developments - Alante Industries has invested $10 million in the Montana tungsten project, which has been in development since 2015 and is expected to begin commercial production in the first quarter of next year [4][12]. - The company is transitioning its primary listing to NASDAQ and has seen a stock price increase of 141% over the past six months, indicating strong market interest [16][17]. - Alante Industries is also engaging with the U.S. government to ensure that its output meets national security needs, especially as the Pentagon plans to ban Chinese tungsten from military procurement by 2027 [15][16].

Core Viewpoint - Allied Critical Metals Inc. has announced a significant increase in the Mineral Resource Estimate (MRE) for its Borralha Tungsten Project in Northern Portugal, which is expected to advance towards a Preliminary Economic Assessment (PEA) targeted for Q1 2026, amid strong tungsten prices and increasing demand for critical raw materials [3][4][6]. Mineral Resource Estimate Update - The updated MRE for the Borralha Tungsten Project shows a substantial increase to 13.0 million tonnes Measured and Indicated (M+I) at 0.21% WO₃ and 7.7 million tonnes Inferred at 0.18% WO₃, compared to the previous estimate of 4.98 million tonnes Indicated at 0.21% WO₃ and 7.01 million tonnes Inferred at 0.20% WO₃ [4][6]. - The MRE is based on a cut-off grade of 0.09% WO₃ and does not include other potential mineralized deposits on the property [5][6]. Geological and Metallurgical Context - The Santa Helena Breccia is confirmed as a large, mineralized system with strong structural control and excellent lateral continuity, indicating significant potential for further resource growth [9][10]. - Existing metallurgical programs suggest a simple, low-cost gravity flowsheet with a recovery rate of approximately 75-85% WO₃, with potential by-products including copper, tin, and silver [10][11]. Strategic Importance - The Borralha Project is positioned as a critical asset in Europe, especially given the EU's reliance on tungsten imports from China, with over 80% of its tungsten supply coming from there [24][25]. - The project is aligned with the EU Critical Raw Materials Act and NATO strategic autonomy initiatives, emphasizing its importance in developing a secure domestic supply of tungsten [24][25]. Next Steps - The company plans to conduct further drilling campaigns in early 2026 to expand the resource base and support the upcoming PEA [7][12]. - Ongoing environmental and hydrogeological baseline programs are in place to facilitate the permitting process, with anticipated approvals expected in Q1 2026 [7][12].

Core Viewpoint - American Tungsten Corp. has rescheduled its Investor Update due to global internet issues affecting Cloudflare, ensuring that the event will proceed without disruptions on November 24, 2025 [1][2]. Company Updates - The rescheduled investor update will provide clarity on the expiration of trading restrictions for 14,000,000 common shares issued on July 24, 2025, which will become unrestricted on or about November 25, 2025, representing a mechanical unlock rather than new dilution [3]. - Proceeds from the financing have been allocated to various value-creating initiatives, including site infrastructure rehabilitation, engineering for project restart, permitting, environmental work, and preparation for project-level financing [4]. - The company has received a Letter of Interest from the Export-Import Bank of the United States for up to US$25.5 million to support the IMA Project, highlighting the strategic importance of domestic tungsten supply [4]. - American Tungsten aims to establish itself as North America's primary tungsten producer and is committed to delivering long-term value to shareholders, with regular updates planned [5]. Project Overview - American Tungsten Corp. is focused on the IMA Mine Project in Idaho, which is a historic underground tungsten property with significant infrastructure, addressing critical metal scarcity in North America [6]. - The company holds an exclusive option to acquire full ownership of the IMA Mine Project, subject to a 2% royalty, and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres [6].

Core Insights - Almonty Industries has commenced operations in the US by acquiring 100% ownership of the Gentung Browns Lake tungsten project in Montana, enhancing its global portfolio with a significant undeveloped tungsten asset [1][3] - The project has NI43-101 total mineral resources of 7.53 million tonnes at 0.315% tungsten trioxide, indicating a substantial resource base for future production [1][2] Project Details - The tungsten deposit will be mined using a room-and-pillar underground method, with metallurgical tests showing over 90% tungsten recovery and 20–25% garnet recovery [2] - The project is supported by established infrastructure, including road access, power, water rights, and an existing mill site, facilitating efficient operations [2] Strategic Importance - Almonty aims for production readiness by the second half of 2026, with initial design expectations of approximately 140,000 tonne units per year, reinforcing domestic tungsten supply in the US [3] - The acquisition aligns with increasing demand for secure, non-Chinese sources of tungsten, supporting US government initiatives for critical mineral independence in defense and advanced technology sectors [4][5] Long-term Vision - The Gentung Browns Lake project positions Almonty as a long-term supplier for critical industries, including defense, aerospace, and advanced manufacturing, contributing to a Western tungsten supply chain [6] - This acquisition is part of Almonty's broader vision to establish an integrated tungsten platform across Europe, Asia, and North America, enhancing its strategic market presence [6] Recent Developments - Earlier in January, Almonty announced an exclusive offtake agreement with SeAH Group to supply the entire production of molybdenum from its Sangdong Molybdenum project in South Korea, indicating ongoing strategic partnerships [7]

Core Insights - Shares of United States Antimony Corporation (UAMY) have increased by 68.4% over the past three months due to significant operational transformations, including a global procurement network for antimony and increased domestic mining activities [1][2] - UAMY has secured long-term contracts worth nearly $352 million, which is a substantial increase compared to last year's revenues of only $15 million [7][8] - The company is also making early moves into tungsten, aiming to become the first domestic supplier in the U.S. as there are currently no active tungsten mines in the country [10][11] Antimony Supply and Mining Operations - Antimony is central to UAMY's growth strategy, with a reported 203% year-over-year increase in antimony revenues in Q2, driven by higher pricing and expanded ore deliveries [5][6] - UAMY has executed over 15 supply agreements across 10 countries, with material sourced from regions including Bolivia, Chad, and Mexico [6] - The company has received approximately 330 tons of antimony feedstock in Mexico, with another 295 tons en route [6] Long-term Contracts and Revenue Growth - The long-term contracts secured include a $245 million award from the Defense Logistics Agency and a $107 million commercial contract for antimony trioxide, representing a significant demand increase [7][8] - UAMY's domestic production revival has yielded 560 tons of stibnite ore in Montana, with expected grades exceeding 10% antimony [9] Challenges in the Market - UAMY faces challenges from China's dominance in the antimony market, controlling 60 times the mining capacity of other countries and 85-90% of global smelting and refining capacity [14] - Regulatory delays in Alaska and environmental objections have hindered progress in one of UAMY's promising regions, pushing timelines into 2026 [14][15] - An acquisition attempt in Australia was rejected, although UAMY remains the largest shareholder with a 10% stake valued at approximately $40 million [15] Valuation and Market Position - UAMY's shares currently trade at a forward price-to-sales ratio of 9.59X, significantly higher than the industry average of 3.73X, indicating a premium valuation [16] - Despite the positive operational developments, analysts have revised earnings per share estimates downward, reflecting potential near-term challenges [12][19] Conclusion - UAMY's strategy for 2025 focuses on aggressive expansion in ore procurement, domestic mining, and early-stage tungsten development, while navigating significant market challenges [17]

Core Insights - Allied Critical Metals Inc. has confirmed and expanded an ultra high-grade tungsten zone at its Borralha project in Portugal, reinforcing its significance as a major tungsten discovery in Europe amid rising global prices [2][4][11]. Company Updates - The company is focused on its 100% owned Borralha and Vila Verde tungsten projects in northern Portugal, with recent assay results from the ongoing 2025 Reverse Circulation drilling campaign [3][30]. - New assay results from holes Bo_RC_25/25, Bo_RC_20/25, and Bo_RC_29/25 confirm exceptional tungsten grades and strong mineralization continuity, supporting a significant expansion of the upcoming Mineral Resource Estimate (MRE) [4][11][15]. Market Context - Tungsten prices have recently reached USD $700/MTU APT, reflecting a 70% increase over the past six months due to rising demand for critical raw materials and tightening global supply [5][30]. - The Borralha project is strategically important as the EU currently relies on over 80% of its tungsten imports from China, making it a key opportunity for developing a secure domestic supply [33]. Geological Insights - The drilling results indicate a continuous, steeply dipping, high-grade tungsten backbone that remains open along strike and at depth, which is crucial for the forthcoming MRE update and Preliminary Economic Assessment [13][30]. - The mineralization at Borralha is characterized by coarse-grained wolframite, which is highly desirable in global markets due to its favorable processing characteristics [30][33]. Future Plans - The company plans to complete the Phase 1 drilling campaign and finalize assay results, which will inform the updated Mineral Resource Estimate and subsequent economic studies [14][15]. - The updated MRE is expected in Q4 2025, alongside a Preliminary Economic Assessment scheduled for Q1 2026 [15][30].

Group 1 - OTC Markets Group Inc. operates a regulated market trading 12,000 U.S. and international securities [2][4] - Several companies have been approved to trade on the OTCQB venture market, including Advent Technologies Holdings, American West Metals Limited, capAI plc, and Chariot Corporation Ltd. [2][3] - Advent Technologies focuses on advanced materials and technology development in the fuel cell and hydrogen technology markets across North America, Europe, and Asia [2] - American West Metals is a clean energy mining company targeting the discovery and development of base metal deposits in North America [2] - capAI plc is an AI incubator and operating group that develops and commercializes AI technologies [2] - Chariot Corporation is focused on exploring high-grade lithium opportunities primarily in the U.S. and Nigeria [2] - Pecoy Copper Corp. aims to unlock the potential of a significant porphyry copper-gold district through responsible exploration [3] - Tungsten Mining NL is dedicated to the discovery and development of tungsten deposits in Australia [3] Group 2 - OTC Markets Group's OTC Link alternative trading system (ATS) provides essential market infrastructure for broker-dealers [4] - The company operates under a data-driven disclosure standard that forms the basis of its three public markets: OTCQX Best Market, OTCQB Venture Market, and Pink Open Market [4] - OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS™ are all SEC-regulated ATS operated by OTC Link LLC [4]

Core Insights - Allied Critical Metals Inc. has reported significant assay results from its Borralha Tungsten Project, indicating strong mineralization continuity and an expanded resource footprint, which supports a positive economic outlook for the upcoming Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) [2][3][11] Summary by Sections Assay Results - New assay results from the 2025 Reverse Circulation drilling campaign show robust mineralization continuity in the northwestern dip area of the Santa Helena Breccia, confirming high-grade zones and extending previously identified mineralization [4][8] - Drill hole Bo_RC_27/25 reported 6.0 meters of 1.02% WO₃, along with other significant intercepts, demonstrating higher-grade zones than previously modeled [7][9] Economic Context - The tungsten price has reached $685 USD/MTU APT, reflecting a 50% increase over the last six months due to rising demand and supply chain restrictions from non-Western countries, positioning Borralha as a strategic project in the tungsten market [5][33] - The Borralha project is expected to play a crucial role in reshaping Europe's tungsten supply landscape, particularly in light of the EU's dependence on imports from China [30][31] Project Development - The ongoing drilling campaign has completed 4,210 meters out of a planned 5,625 meters, with final results expected soon, which will inform the updated MRE and PEA scheduled for Q1 2026 [12][17] - The project benefits from existing infrastructure, shallow mineralization, and a straightforward processing route, making it one of the most advanced tungsten development projects in the EU [30][31] Future Outlook - The results from the drilling campaign will directly contribute to the upcoming MRE update and PEA, aimed at delineating additional tonnage and enhancing confidence in high-grade zones [11][17] - The company is focused on expanding and upgrading the current NI 43-101 Mineral Resource Estimate, with expectations for completion in Q4 2025 [14]

American Tungsten Provides Operational Update on Its IMA Mine Rehabilitation and Proposed Diamond Drill ProgramNovember 05, 2025 7:00 AM EST | Source: American Tungsten Corp.Vancouver, British Columbia--(Newsfile Corp. - November 5, 2025) - American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FSE: RK9) ("American Tungsten" or the "Company is pleased to share continued progress on its rehabilitation efforts at the IMA Mine in Patterson, Idaho, with new operational milestones achieved during the ...

Core Viewpoint - Rise Gold Corp. has initiated a review of historical data suggesting that its Idaho-Maryland mine may contain significant tungsten deposits, which are critical for U.S. defense applications [1][4]. Company Overview - Rise Gold Corp. is an exploration-stage mining company based in Nevada, USA, with its principal asset being the historic Idaho-Maryland Gold Mine located in California [8]. Historical Context - The Idaho-Maryland mine operated from 1862 to 1957, producing approximately 2.4 million ounces of gold at an average grade of 0.50 ounces per ton [2]. - In 1954, the mine began exploring for tungsten, leading to the production of tungsten trioxide concentrate until operations were suspended in 1957 due to a significant drop in tungsten prices [3]. Tungsten Significance - Tungsten is classified as a critical mineral by the U.S. government, essential for various defense applications, and the U.S. has not had a domestic supply since 2015 [4]. - China currently dominates global tungsten production, accounting for 84% of the supply, and has recently imposed restrictions on tungsten exports [4]. Exploration and Development Plans - The company has engaged experts to review historical tungsten data and generate recommendations for further exploration, which may include re-assaying existing drill cores [7]. - The historical association of the Idaho-Maryland mine with tungsten has made it a candidate for federal sponsorship as the U.S. seeks to reshore its critical defense industries [5].