Western Star Resources Strategically Positions in Tungsten Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2026
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Source: Newsfilter
- Surging Tungsten Prices: The benchmark ammonium paratungstate price skyrocketed from approximately $300 per tonne in early 2025 to about $3,185 per tonne by May 2026, reflecting a 350% year-to-date increase, indicating a significant demand surge that could lead to a restructuring of the Western tungsten market.
- Strategic Asset Positioning: Western Star Resources' Rowland tungsten property in Nevada, with documented historical production of 4.5 tons in 1943 and approximately 1,000 tons from 1954-56, aligns with the U.S. Department of War's critical mineral needs, potentially accelerating its development timeline.
- Financing and Market Outreach: The company has entered a twelve-month investor relations agreement with Germany's Plutus Invest for €200,000, aimed at enhancing visibility in the European market just ahead of the new U.S. defense procurement regulations, thereby strengthening its competitive position internationally.
- Modern Exploration Program: Western Star plans to initiate its first modern exploration at the Rowland tungsten property in spring 2026, leveraging historical data from LiDAR analysis to verify grades and define priority drill targets, which is expected to lay the groundwork for future production.
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About CRML
Critical Metals Corp. is a mining development company focused on critical metals and minerals, and producing strategic products essential to electrification. The Company’s project includes Tanbreez Project and Wolfsberg Lithium Project. The Tanbreez Rare Earth Project is a massive, rare-earth deposit rich in heavy rare earth elements (HREEs), and rare metal oxides like tantalum, niobium, zirconium, hafnium and gallium which are important for high-tech and military applications. It is located in Southern Greenland. The Wolfsberg Lithium Project is located in Carinthia, 270-kilometer (km) south of Vienna, Austria. The Wolfsberg Lithium Project is the permitted mine in Europe and located with access to established road and rail infrastructure. With its strategic asset portfolio, the Company supplies critical minerals essential for defense applications, the clean energy transition, and technologies.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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