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Happy Creek Intercepts 1.18 m of 6.83% WO3 from 31.2 m DH Depth at the Fox Tungsten Project in British Columbia
Thenewswire· 2025-12-17 22:10
Core Insights - Happy Creek Minerals Ltd. has reported significant drill results from the 2025 program at the Fox Tungsten Project, indicating potential resource expansion and continuity of tungsten mineralization [1][2]. Group 1: Drill Results - The 2025 drill program included 18 diamond core drill holes totaling 2,176 meters, focusing on the expansion of tungsten resources at the Ridley Creek (RC) and BN zones [2][6]. - Notable results from the RC zone include: - 1.18 meters grading 6.83% WO3 from 31.2 meters in hole F25-13 - 1.00 meters grading 2.22% WO3 from 47.0 meters in hole F25-01 - 0.95 meters grading 1.11% WO3 from 36.5 meters in hole F25-02 [2][6]. - The BN zone drilling revealed: - 1.00 meters grading 0.88% WO3 from 105.0 meters in hole F25-16 - 1.65 meters grading 0.57% WO3 from 218.3 meters in hole F25-16 - 2.50 meters grading 0.25% WO3 from 106.2 meters in hole F25-17 [2][3]. Group 2: Geological Insights - The RC zone is approximately 400 meters by 175 meters, with a thickness ranging from 5 to 25 meters, and is open to the west beneath Deception Mountain [7][10]. - The BN zone consists of three stacked calc silicate horizons, with the middle horizon being the best defined and containing most of the current resource, located 20 to 80 meters below the surface [14][15]. Group 3: Exploration Focus - The 2025 drilling program aimed to explore the extent of calc silicate hosted tungsten mineralization mainly to the west and south, confirming geological continuity and expanding the resource area [10][16]. - The drilling at the BN zone tested the potential for mineralized horizons to extend to the northwest and at depth, indicating further resource expansion potential [16].
Almonty delivers first ore to Sangdong mine’s ROM pad in South Korea
Yahoo Finance· 2025-12-17 11:06
Core Insights - Almonty Industries has commenced commercial mining at the Sangdong mine in South Korea, marking a significant milestone in its operations [1] - The Sangdong mine is crucial for diversifying the tungsten supply chain away from China, which currently dominates over 80% of the global tungsten market [3][6] - The mine's total mineral reserves are estimated at 8.57 million tonnes, with an average tungsten oxide content of 0.42% [5] Group 1 - The first truckload of ore has been delivered to the run-of-mine (ROM) pad, which is a central staging area for ore [1] - Ore extraction involves controlled blasting techniques, followed by transportation through a haulage system [1] - At the ROM pad, the ore is stockpiled by grade and undergoes primary and secondary crushing, grinding, and flotation to separate tungsten-bearing minerals [2] Group 2 - The resumption of production at the Sangdong mine aims to secure a reliable tungsten supply for key sectors such as defense, semiconductors, and aerospace [4] - The project will transition into a production stabilization phase as it moves towards full-scale commercial operations [5] - The Sangdong mine is positioned to restore Korea's historical role as a major tungsten supplier and serve as a cornerstone for a new tungsten supply chain independent of China [6] Group 3 - The long-term vision includes the development of a fully integrated strategic-mineral value chain, referred to as the 'Korean Trinity,' which will enhance Korea's position as a global hub for tungsten production and refining [7]
Almonty Begins Commercial Mining at Sangdong Tungsten Mine
Businesswire· 2025-12-16 13:47
Core Viewpoint - Almonty Industries has successfully delivered the first truckload of ore to the ROM pad at the Sangdong Mine, marking a significant transition to active mining operations and paving the way for commercial production [1][2]. Company Developments - The first ore placement at the Sangdong Mine is seen as a strategic inflection point for Almonty, aimed at strengthening the global tungsten supply chain and reducing reliance on China, which currently supplies over 80% of the world's tungsten [2][4]. - The ROM pad will serve as a staging area for ore, which will undergo primary and secondary crushing, grinding, and flotation to produce tungsten-bearing minerals for downstream customers [3][4]. - Preparatory work for the project has been completed, confirming that the ROM pad is operational and that the necessary equipment and workflows are functioning effectively [4]. Industry Context - The Sangdong Mine is positioned to play a critical role in diversifying tungsten supply for the U.S., European Union, and Korea, addressing supply vulnerabilities highlighted by recent geopolitical tensions [2][5]. - Upon reaching full capacity, the Sangdong Mine is expected to supply over 80% of global non-China tungsten production, which is essential for sectors such as defense, semiconductors, and aerospace [5]. - The development of the Sangdong Mine, along with an upcoming tungsten oxide plant and a planned molybdenum deposit, aims to establish a fully integrated strategic-mineral value chain, enhancing resource security for the U.S. and its allies [4][5].
Almonty Industries Inc. Announces Closing of Upsized US$129,375,000 Underwritten Offering of Common Shares in the United States Including Full Exercise of Over-Allotment Option
Businesswire· 2025-12-10 14:46
Core Viewpoint - Almonty Industries Inc. has successfully closed an upsized underwritten offering of common shares, raising aggregate gross proceeds of US$129,375,000, including the full exercise of the underwriters' over-allotment option [1] Group 1 - The offering consisted of common shares and was fully subscribed, indicating strong investor interest [1] - The total gross proceeds from the offering amount to US$129,375,000, which reflects the company's ability to attract capital [1] - The successful closing of the offering enhances Almonty's financial position and supports its growth strategy in the tungsten concentrate market [1]
Almonty Industries Inc. Announces Closing of Upsized US$129,375,000 Underwritten Offering of Common Shares in the United States Including Full Exercise of Over-Allotment Option
Businesswire· 2025-12-10 14:46
Core Viewpoint - Almonty Industries Inc. has successfully closed an upsized underwritten offering of common shares, raising aggregate gross proceeds of US$129,375,000, including the full exercise of the underwriters' over-allotment option [1] Group 1 - The offering consisted of common shares, which are a key financial instrument for the company [1] - The total gross proceeds from the offering amount to US$129,375,000, indicating strong investor interest and confidence in the company [1] - The underwriters' over-allotment option was fully exercised, reflecting the demand for the shares beyond the initial offering size [1]
Almonty Industries Inc. Announces Pricing of Upsized US$112,500,000 Underwritten Offering of Common Shares in the United States
Businesswire· 2025-12-09 07:05
Core Viewpoint - Almonty Industries Inc. has announced an upsized underwritten offering of common shares, aiming to raise significant capital through the sale of shares at a set price [1] Group 1: Offering Details - The company is offering 18,000,000 common shares at a public offering price of US$6.25 per share [1] - The total gross proceeds from this offering are expected to be US$112,500,000 [1] Group 2: Underwriters - Almonty has granted the underwriters certain options related to the offering, although specific details on these options are not provided in the excerpt [1]
Almonty Announces Launch of Public Offering of Common Shares in the United States
Businesswire· 2025-12-08 22:37
Core Viewpoint - Almonty Industries Inc. has announced a proposed public offering of 15 million common shares in the United States, as part of its preliminary prospectus supplement filed in connection with its base prospectus dated October 31, 2025 [1]. Group 1 - The company is a leading global producer of tungsten concentrate [1]. - The offering is part of a short form base shelf prospectus [1].
RETRANSMISSION: Makenita Resources More Than Doubles Its Landholdings in the Sisson West Tungsten Project in New Brunswick, Canada
Newsfile· 2025-12-05 08:01
Core Insights - Makenita Resources Inc. has more than doubled its landholdings in the Sisson West Tungsten Project, now totaling approximately 9,400 contiguous acres, which is prospective for tungsten and borders the Sisson Tungsten Mine [1][2] - The Sisson Tungsten Mine has been designated as one of the first "Nation-Building Projects" by Canadian Prime Minister Mark Carney, highlighting its strategic importance [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 for the Sisson West Tungsten Project was acquired through staking, indicating proactive expansion efforts by the company [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] Market Context - The significant rise in tungsten prices, coupled with the strategic designation of the Sisson Tungsten Mine, suggests a favorable market environment for Makenita Resources [2]
Makenita Resources More than Doubles Its Landholdings in the Sisson West Tungsten Project in New Brunswick, Canada
Newsfile· 2025-12-04 08:01
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]
American Tungsten Commences Phase I Diamond Drill Program at the IMA Mine
Newsfile· 2025-12-02 12:30
Core Viewpoint - American Tungsten Corp. has initiated its Phase 1 diamond drill program at the IMA Mine, aiming to advance towards commercial production of tungsten in the United States [1][2]. Group 1: Program Objectives - The Phase 1 drill program is designed to systematically test multiple tungsten vein systems and validate the historical resource base, enhancing confidence in the asset [2][3]. - The program targets five priority exploration areas, including the No. 5 and No. 7 Vein systems, the IMA West Vein, the Eastern Vein, and the Main IMA Vein, with the goal of delineating these systems and expanding known mineralization by the end of Q1 2026 [3]. Group 2: Current Deliverables - Approximately 12,100 feet of drilling is planned across three stations on the D Level and two stations on the Zero Level, with the first drill station already established [5][7]. - The initial drilling at the D Level will include at least five holes totaling around 1,950 feet to validate and extend the No. 5 and No. 7 Veins [7]. - Additional drilling of approximately 3,500 feet will be conducted from the second and third D Level stations, with ongoing rehabilitation and infrastructure upgrades at the Zero Level to support further drilling, planned to encompass about 6,700 feet [7]. Group 3: Company Background - American Tungsten Corp. is a Canadian exploration company focused on tungsten and magnetite assets in North America, specifically advancing the IMA Mine Project in Idaho to address critical metal scarcity [17]. - The IMA Mine is a historically significant underground tungsten mine that produced approximately 199,449 MTUs of WO3 between 1945 and 1957 and has been explored for molybdenum and tungsten by various operators since [15][17].