Tungsten Mining

Search documents
EQ Resources (EQR) Conference Transcript
2025-07-24 01:00
EQ Resources (EQR) Conference July 23, 2025 08:00 PM ET Speaker0Good morning. My name is John O'Court. I'm the CFO of EQ Resources, and we are significant, tungsten producer in in the world. The usual disclaimer before we begin for this presentation, and if you want full disclosures, we just ask you to refer to the website and ASX allowances as we walk through today's presentation. So tungsten market, what makes it so special?It's it's a critical mineral. It's seen as one of the most critical minerals withi ...
EQ Resources (EQR) Earnings Call Presentation
2025-07-24 00:00
EQ RESOURCES LIMITED For personal use only Competent Person's Statement General Disclaimer For personal use only A globally significant tungsten producer 2025 Noosa Mining Conference Download This Presentation: ASX : EQR Disclaimer 2 • The information in this presentation partly relates to the outcomes of the Mt Carbine Bankable Feasibility Study Update (May 2023), made available through the Company's website www.eqresources.com.au/. • The Company confirms that it is not aware of any new information that ma ...
U.S. Department of Defense Awards $6.2M to Golden Metal Resources for the Pilot Mountain Project
Prnewswire· 2025-07-23 13:24
LONDON, July 23, 2025 /PRNewswire/ -- Guardian Metal Resources plc (AIM: GMET, OTCQX:GMTLF) is very pleased to announce that its wholly-owned subsidiary Golden Metal Resources (USA) LLC has been awarded US$6.2M from the U.S. Department of Defense to accelerate the development of its flagship Pilot Mountain tungsten project ("Pilot Mountain" or the "Project") in Nevada. Highlights: Oliver Friesen, CEO of Guardian Metal, commented: US Government Funding to Advance the Pilot Mountain Tungsten Project Funding t ...
美国IPO一周回顾及前瞻:上周有9家企业IPO(中概股3家),5家企业递交申请
Sou Hu Cai Jing· 2025-07-21 10:04
上周IPO企业名单 | 9 IPOs During the Week of July 14th, 2025 | | | | | | | --- | --- | --- | --- | --- | --- | | Issuer | Deal | Market Cap | Price vs. | First Day | Return | | Business | Size | at IPO | Midpoint | Return | at 07/18 | | Almonty Industries (ALM) | S90M | $1,195M | 0% | +6% | +1% | | Canadian producer of tungsten concentrate for the defense industry. | | | | | | | Solarius Capital Acq. (SOCAU) | S150M | $205M | 0% | +0% | +1% | | Blank check company targeting asset and wealth management businesses. ...
Allied Critical Metals Commences 5,000 Metre Drill Program at its Borralha Tungsten Project
Thenewswire· 2025-06-02 11:30
Core Viewpoint - Allied Critical Metals Inc. has initiated a fully-funded exploration program for its Borralha Tungsten Project in northern Portugal, which includes up to 5,000 meters of core drilling aimed at expanding the resource base and enhancing project economics [1][2]. Company Overview - Allied Critical Metals Inc. is focused on its 100% owned Borralha and Vila Verde tungsten projects in northern Portugal, with the Borralha project being an advanced-stage brownfield site historically mined from 1904 to 1985, producing over 10,280 tonnes of high-grade wolframite concentrate [1][2][9]. - The company aims to become a leading Western supplier of tungsten, a critical metal for various industries including defense, electric vehicles, and semiconductors [10][13]. Exploration and Resource Estimates - The current NI 43-101 resources as of March 2024 indicate: - Indicated: 4.98 million tonnes at 0.22% WO₃, 762 g/t Cu, and 4.8 g/t Ag - Inferred: 7.01 million tonnes at 0.20% WO₃, 642 g/t Cu, and 4.4 g/t Ag [5]. - Recent drilling from 2023 to 2024 returned strong intercepts, including up to 10 meters at 1.75% WO₃ and multiple longer intervals averaging over 0.2% WO₃ [4]. Project Development - The Borralha project is undergoing environmental assessment to transition to full-scale mining, with current permitting allowing bulk sampling of up to 150,000 tonnes per annum [7]. - The project benefits from excellent infrastructure, being located near major cities like Braga and Porto, which provides access to roads, power, water, and skilled labor [8]. Strategic Importance - Borralha represents one of the few near-term, non-Chinese tungsten production opportunities globally, aligning with the West's increasing demand for critical raw materials amid supply chain vulnerabilities [9]. - The tungsten market is estimated to be valued at approximately U.S.$5 to $6 billion, with China and Russia currently representing about 90% of the total global supply and reserves [13].
American Tungsten Corp. Commences Mine Site Preparation and Exploration Work
Globenewswire· 2025-05-27 11:30
Vancouver, BC, May 27, 2025 (GLOBE NEWSWIRE) -- American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) ("American Tungsten" or the "Company") is pleased to announce that the Company has commenced construction and building work to support exploration and mine planning at its Idaho-based tungsten project, the Ima Mine. The rehabilitation and exploratory review work will enable definition drilling and bulk sampling to aid in the Company's formation of its mine plan. The Ima Mine is a past producing undergr ...
Allied Critical Metals Announces Corporate Update
Thenewswire· 2025-05-16 21:00
Core Viewpoint - Allied Critical Metals Inc. has provided an update on its use of funds following a concurrent financing of approximately $4.6 million, emphasizing the prioritization of exploration at the Borralha Tungsten Project to achieve a preliminary economic assessment by summer 2025 [1][3][4]. Summary by Relevant Sections Use of Funds - The company plans to allocate the funds from the concurrent financing as follows: - Borralha Phase 1: $492,600 - Borralha Phase 2: $1,503,200 - Vila Verde Phase 1: $0 (not funded) - Vila Verde Phase 2: $0 (not funded) - Prepayment on 2027 Note: $100,000 - General and administrative costs: $180,000 - Investor relations services: $885,500 - Additional working capital: $231,866 - Total estimated use of funds is $3,574,811, which is $245,824 less than the maximum projected amount of $3,820,635 [2][5]. Exploration Focus - The company is prioritizing the Borralha project for exploration, which is expected to enable the completion of a preliminary economic assessment (PEA) or prefeasibility study (PFS) by the end of summer 2025. Drilling at Borralha is anticipated to commence on May 22, 2025 [3][4]. Investor Relations Strategy - A total of $885,500 has been allocated for investor relations services to enhance the company's profile and facilitate future capital raising efforts following the completion of the PEA/PFS [4][5]. Market Context - The tungsten market is currently valued at approximately $5 to $6 billion USD, with prices having risen by 25% from $320/MTU to $400/MTU over the past five months. This increase is attributed to a favorable macroeconomic environment for tungsten, which is considered a critical metal [4][12]. Management Changes - Sean Choi has been appointed as the new Chief Financial Officer, replacing Keith Margetson, who will continue as a consultant [8][9]. Stock Options and RSUs - The company has granted 3,500,000 stock options at an exercise price of $0.22 per share and 4,097,760 restricted share units (RSUs) to its directors, officers, employees, and consultants [10][11].
Allied Critical Metals Announces Frankfurt Stock Exchange Listing
Thenewswire· 2025-05-15 21:50
Company Overview - Allied Critical Metals Inc. is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal [3] - Tungsten has been designated a critical metal by the United States and other western countries, with China and Russia representing 90% of the total global supply and reserves [3] Market Context - The tungsten market is estimated to be valued at approximately $5 - $6 billion USD and is utilized in various industries such as defense, automotive, manufacturing, electronics, and energy [3] Recent Developments - Allied's common shares are now trading on the Frankfurt Stock Exchange under the symbol "0VJ0", which is expected to broaden the shareholder base in Europe and increase trading activity [1] - The listing coincides with Allied's presentation of its tungsten projects at the Deutsche Goldmesse investor conference in Frankfurt on May 16 & 17, 2025 [2]
Allied Critical Metals Poised to Become Leading Tungsten Producer with Dual Projects in Portugal
Thenewswire· 2025-05-02 20:15
Company Overview - Allied Critical Metals Inc. (ACM) aims to become a leading Western supplier of tungsten, a critical mineral, with two 100% owned advanced stage brownfield projects in northern Portugal [1] - The company is positioned for near-term, low-cost production as global supply chains seek alternatives to Chinese and Russian sources [1] Borralha Tungsten Project - The Borralha Tungsten Project has a current inferred mineral resource of 7.0 million tonnes at an average grade of 0.20% WO₃ and an indicated resource of 4.98 million tonnes at 0.21% WO₃, with by-products including silver, copper, and tin [2] - Historical production at Borralha exceeded 10,000 tonnes of tungsten concentrate with an average grade of 66% WO₃ [2] - Recent drilling confirmed broad intercepts, including 106m at 0.21% WO₃ and 10m at 1.75% WO₃, with test work showing up to 70% tungsten recovery [3] Vila Verde Tungsten-Tin Project - The Vila Verde Tungsten-Tin Project has a historical inferred resource of 7.3 million tonnes, with grades of 1,347 g/t WO₃ and 961 g/t WO₃ [4] - ACM plans to construct a pilot plant and initiate production at Vila Verde by Q4 2025, with a processing capacity of 150,000 tonnes of feedstock per year, producing approximately 250 tonnes of WO₃ concentrate [5] Tungsten Market - Tungsten is classified as a critical mineral by the US and EU, essential for defense, semiconductors, electric vehicles, and advanced manufacturing [7] - Currently, over 84% of global tungsten production is concentrated in China, presenting a significant opportunity for ACM to develop a secure, Western-aligned supply chain [7] - The tungsten market is estimated to be valued at approximately $5 - $6 billion USD, used across various industries including defense, automotive, manufacturing, electronics, and energy [20] Offtake Agreements and Financing - ACM has signed a Letter of Intent for an offtake agreement with Global Tungsten & Powders and is in advanced negotiations with additional international refiners [8] - The company is focusing on non-dilutive financing to preserve shareholder value while accelerating near-term production [8]