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]

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 MineDecember 02, 2025 7:30 AM EST | Source: American Tungsten Corp.Vancouver, British Columbia--(Newsfile Corp. - December 2, 2025) - American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FSE: RK90) ("American Tungsten" or the "Company) announces the commencement of its Phase 1 diamond drill program at the IMA Mine, as previously announced by the Company on November 12, 2025. "The commencement of this Phase 1 drill program mark ...

Market Overview - The local share market remained flat, with the XJO index staying within the 8,500 points range and not reaching 9,000 points since late October, indicating a lack of a Santa Rally [2] - Australian bond yields reached nearly year-long highs, influenced by the RBA cash rate remaining stable [3] Sector Performance - Energy and materials sectors led the gains on Tuesday, while real estate also performed well, driven by Goodman Group [3] - IT sector lagged, reflecting trends from Wall Street [3] Company Highlights - African Gold surged after announcing its acquisition by Montage Gold, with market reaction delayed due to an ASX announcement outage [4] - Titomic's stock jumped 15% following successful tests of its cold spray additive technology [4] - Tungsten Mining's stock rose after announcing a new exploration target, highlighting tungsten's growing importance as a critical mineral [5] - Zip Co experienced a nearly 10% drop intraday, attributed to profit-taking and repositioning after a strong performance in recent months [5] - Core Lithium's stock fell in line with other lithium stocks, as excitement over lithium benchmarks was overshadowed by rising gold prices [6] - Star Entertainment Group's shares dropped nearly 7% following board changes, despite initial optimism regarding Bally's directors [6]

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].