Western Star Resources Launches White Star Tungsten Project Amid Supply Concerns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Source: PRnewswire
- Project Launch: Western Star Resources has commenced modern exploration at its White Star Tungsten Project in Nevada, conducting the first high-resolution UAV magnetic survey, which is expected to provide critical data for future drilling targets and position the company advantageously ahead of the 2027 procurement ban.
- Price Surge Context: The benchmark tungsten price reached $3,000 to $3,200 per metric tonne in mid-2026, reflecting a 900% increase from 2025 lows, indicating a structural repricing of global tungsten supply risks, which Western Star aims to address by developing domestic resources.
- Strategic Integration Plan: The company plans to consolidate data from the White Star and Rowland tungsten projects into a unified geological model, enhancing the resource potential of historic mining areas through modern exploration techniques and strengthening its competitive position in the U.S. market.
- Growing Market Demand: Tungsten consumption is forecasted to significantly increase over the next decade, particularly in defense, aerospace, and semiconductors, aligning Western Star's projects with the urgent U.S. demand for non-Chinese tungsten supplies.
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About ALM
Almonty Industries Inc. is a Canada-based company. It is a diversified producer of tungsten concentrate. It is engaged in mining, processing and shipping tungsten concentrate from its Panasqueira Mine in Portugal. It also has a significant molybdenum resource on a separate property adjacent to the tungsten orebody at the Sangdong Mine. Its additional development projects include the Valtreixal Project in northwestern Spain and Los Santos Mine in western Spain. The Panasqueira Mine is in Covilha, Castelo Branco, Portugal. The Sangdong Mine is located at Sangdong in the south-eastern Korean Peninsula, approximately 170 km east-southeast of Seoul, South Korea. The Valtreixal Mine is a potential open pit operation and is located in the northwest part of the Zamora province, in the Castilla de Leon region of Spain. It also operates Woulfe, whose properties are located in Gangwon Province, Republic of Korea, and whose operations relate primarily to the development of the Sangdong Project.
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.
Almonty Industries Joins Russell 1000 and 3000 Indexes
- Index Inclusion Milestone: Almonty Industries announced its inclusion in the Russell 1000® and Russell 3000® Indexes effective June 29, 2026, marking a significant growth in market capitalization and expected to enhance its visibility among institutional investors.
- Increased Market Recognition: CEO Lewis Black stated that qualifying for these indexes based on objective market capitalization criteria reflects the market's recognition of Almonty as a strategic metal producer, potentially attracting more index-tracking funds.
- Liquidity Improvement Expectations: With Almonty becoming a constituent of the Russell indexes, it is anticipated to improve the trading liquidity of its shares and provide a more stable base for long-term shareholders, enhancing the company's market position in defense and advanced technology sectors.
- Supply Chain Security Strategy: Almonty's Sangdong Mine is expected to become a significant source of global non-China tungsten production, addressing the rising demand for supply chain security from Western allies, further solidifying its leadership in the tungsten market.
See More
Western Star Resources Launches White Star Tungsten Project Amid Supply Concerns
- Project Launch: Western Star Resources has commenced modern exploration at its White Star Tungsten Project in Nevada, conducting the first high-resolution UAV magnetic survey, which is expected to provide critical data for future drilling targets and position the company advantageously ahead of the 2027 procurement ban.
- Price Surge Context: The benchmark tungsten price reached $3,000 to $3,200 per metric tonne in mid-2026, reflecting a 900% increase from 2025 lows, indicating a structural repricing of global tungsten supply risks, which Western Star aims to address by developing domestic resources.
- Strategic Integration Plan: The company plans to consolidate data from the White Star and Rowland tungsten projects into a unified geological model, enhancing the resource potential of historic mining areas through modern exploration techniques and strengthening its competitive position in the U.S. market.
- Growing Market Demand: Tungsten consumption is forecasted to significantly increase over the next decade, particularly in defense, aerospace, and semiconductors, aligning Western Star's projects with the urgent U.S. demand for non-Chinese tungsten supplies.
See More
Almonty Accelerates Molybdenum Development Amid South Korea's Supply Crisis
- Exploration Progress: Almonty has completed approximately 37% of its drilling program at the Sangdong Molybdenum Project in South Korea, covering about 12,000 meters, with initial results indicating molybdenum grades consistent with historical data, thereby reinforcing the company's confidence in the scale and quality of the resource.
- Surging Market Demand: Molybdenum, a strategic metal widely used in high-temperature and high-pressure industries such as aerospace and defense, has seen its spot price increase by approximately 23.5% over the past year to 592.34 CNY/Kg, reflecting a rapid growth in demand for this metal.
- Addressing Supply Crisis: With South Korea facing a critical shortage of molybdenum, the government has issued notices urging companies to secure supplies, positioning Almonty's project as a stable source of molybdenum to support national defense and advanced manufacturing.
- Strategic Investment Outlook: Almonty plans to move into production immediately upon confirming the full extent of the molybdenum ore body, leveraging its existing infrastructure and expertise in tungsten to create long-term value for shareholders while enhancing national resource security.
See More
Western Star Acquires New Mexico Tungsten Mine Amid Strategic Supply Concerns
- Strategic Acquisition: Western Star Resources Inc. has acquired the Eagle Point Tungsten Mine in New Mexico, featuring a remarkable 27.6% tungsten trioxide surface sample, positioning the company strategically ahead of the impending U.S. defense procurement deadline to reduce reliance on Chinese tungsten.
- Historical Context: The mine was once deemed a strategic asset by the U.S. government in the 1950s, which signed a contract to fund 75% of drilling costs, but the project was never executed, making its current acquisition a focal point reflecting tungsten's significance in defense and industry.
- Market Dynamics: China controls approximately 85% of global tungsten supply, and the recent price surge of 900% over the past year underscores the urgent need for the U.S. to secure domestic tungsten sources to comply with the upcoming DFARS procurement restrictions.
- Future Plans: Western Star intends to advance the Eagle Point project through high-resolution drone magnetic surveys and systematic rock-chip geochemical sampling to establish drilling targets, aiming to validate the mine's potential resources.
See More
NevGold's Rise Amid U.S. Antimony Supply Chain Reshaping
- Rising Importance of Antimony: Antimony has become a national strategic priority as a critical material for military ordnance, flame retardants, and next-generation batteries, with the U.S. producing almost none, attracting significant capital interest.
- NevGold's Project Advantage: The Limousine Butte project leverages existing infrastructure from a historical mining site, with expectations for near-term antimony production within 12 to 18 months, significantly shortening the production timeline.
- Supporting Technical Results: NevGold reported high-grade antimony-gold oxide intercepts, indicating that both antimony and gold can be sequentially recovered from the same feed stream, with gold recoveries exceeding 93%, laying the groundwork for future resource estimates.
- Funding Support and Development Plans: In spring 2026, NevGold successfully upsized a C$42 million financing to fund a 20,000-meter drill program aimed at resource conversion and new target development, enhancing the company's financial strength and market competitiveness.
See More
U.S. Prioritizes Antimony Supply Chain Amid Geopolitical Tensions
- Rising Importance of Antimony: Antimony has been officially classified as a critical mineral by the U.S., with applications in military and energy sectors, and as China tightens export controls, the West faces supply chain risks, making domestic antimony supply chain reconstruction a national priority.
- Strategic Positioning of NevGold: NevGold Corp.'s Limousine Butte project, based on a historical mining site in Nevada, aims for near-surface antimony production within 12 to 18 months, leveraging existing infrastructure and historical ore to quickly meet market demand.
- Funding and Drilling Plans: In spring 2026, NevGold successfully raised C$42 million to support a 20,000-meter drilling program aimed at expanding its resource base and advancing antimony-gold mining, showcasing the company's growth potential in the critical minerals sector.
- Industry Competition and Opportunities: NevGold competes with companies like Perpetua Resources, which secured a US$2.9 billion government loan to advance its antimony project, indicating the U.S. government's commitment to the antimony supply chain, and NevGold's success could help fill the domestic supply gap.
See More
Almonty Industries Joins Russell 1000 and 3000 Indexes
- Index Inclusion Milestone: Almonty Industries announced its inclusion in the Russell 1000® and Russell 3000® Indexes effective June 29, 2026, marking a significant growth in market capitalization and expected to enhance its visibility among institutional investors.
- Increased Market Recognition: CEO Lewis Black stated that qualifying for these indexes based on objective market capitalization criteria reflects the market's recognition of Almonty as a strategic metal producer, potentially attracting more index-tracking funds.
- Liquidity Improvement Expectations: With Almonty becoming a constituent of the Russell indexes, it is anticipated to improve the trading liquidity of its shares and provide a more stable base for long-term shareholders, enhancing the company's market position in defense and advanced technology sectors.
- Supply Chain Security Strategy: Almonty's Sangdong Mine is expected to become a significant source of global non-China tungsten production, addressing the rising demand for supply chain security from Western allies, further solidifying its leadership in the tungsten market.
See More
Western Star Resources Launches White Star Tungsten Project Amid Supply Concerns
- Project Launch: Western Star Resources has commenced modern exploration at its White Star Tungsten Project in Nevada, conducting the first high-resolution UAV magnetic survey, which is expected to provide critical data for future drilling targets and position the company advantageously ahead of the 2027 procurement ban.
- Price Surge Context: The benchmark tungsten price reached $3,000 to $3,200 per metric tonne in mid-2026, reflecting a 900% increase from 2025 lows, indicating a structural repricing of global tungsten supply risks, which Western Star aims to address by developing domestic resources.
- Strategic Integration Plan: The company plans to consolidate data from the White Star and Rowland tungsten projects into a unified geological model, enhancing the resource potential of historic mining areas through modern exploration techniques and strengthening its competitive position in the U.S. market.
- Growing Market Demand: Tungsten consumption is forecasted to significantly increase over the next decade, particularly in defense, aerospace, and semiconductors, aligning Western Star's projects with the urgent U.S. demand for non-Chinese tungsten supplies.
See More
Almonty Accelerates Molybdenum Development Amid South Korea's Supply Crisis
- Exploration Progress: Almonty has completed approximately 37% of its drilling program at the Sangdong Molybdenum Project in South Korea, covering about 12,000 meters, with initial results indicating molybdenum grades consistent with historical data, thereby reinforcing the company's confidence in the scale and quality of the resource.
- Surging Market Demand: Molybdenum, a strategic metal widely used in high-temperature and high-pressure industries such as aerospace and defense, has seen its spot price increase by approximately 23.5% over the past year to 592.34 CNY/Kg, reflecting a rapid growth in demand for this metal.
- Addressing Supply Crisis: With South Korea facing a critical shortage of molybdenum, the government has issued notices urging companies to secure supplies, positioning Almonty's project as a stable source of molybdenum to support national defense and advanced manufacturing.
- Strategic Investment Outlook: Almonty plans to move into production immediately upon confirming the full extent of the molybdenum ore body, leveraging its existing infrastructure and expertise in tungsten to create long-term value for shareholders while enhancing national resource security.
See More
Western Star Acquires New Mexico Tungsten Mine Amid Strategic Supply Concerns
- Strategic Acquisition: Western Star Resources Inc. has acquired the Eagle Point Tungsten Mine in New Mexico, featuring a remarkable 27.6% tungsten trioxide surface sample, positioning the company strategically ahead of the impending U.S. defense procurement deadline to reduce reliance on Chinese tungsten.
- Historical Context: The mine was once deemed a strategic asset by the U.S. government in the 1950s, which signed a contract to fund 75% of drilling costs, but the project was never executed, making its current acquisition a focal point reflecting tungsten's significance in defense and industry.
- Market Dynamics: China controls approximately 85% of global tungsten supply, and the recent price surge of 900% over the past year underscores the urgent need for the U.S. to secure domestic tungsten sources to comply with the upcoming DFARS procurement restrictions.
- Future Plans: Western Star intends to advance the Eagle Point project through high-resolution drone magnetic surveys and systematic rock-chip geochemical sampling to establish drilling targets, aiming to validate the mine's potential resources.
See More
NevGold's Rise Amid U.S. Antimony Supply Chain Reshaping
- Rising Importance of Antimony: Antimony has become a national strategic priority as a critical material for military ordnance, flame retardants, and next-generation batteries, with the U.S. producing almost none, attracting significant capital interest.
- NevGold's Project Advantage: The Limousine Butte project leverages existing infrastructure from a historical mining site, with expectations for near-term antimony production within 12 to 18 months, significantly shortening the production timeline.
- Supporting Technical Results: NevGold reported high-grade antimony-gold oxide intercepts, indicating that both antimony and gold can be sequentially recovered from the same feed stream, with gold recoveries exceeding 93%, laying the groundwork for future resource estimates.
- Funding Support and Development Plans: In spring 2026, NevGold successfully upsized a C$42 million financing to fund a 20,000-meter drill program aimed at resource conversion and new target development, enhancing the company's financial strength and market competitiveness.
See More
U.S. Prioritizes Antimony Supply Chain Amid Geopolitical Tensions
- Rising Importance of Antimony: Antimony has been officially classified as a critical mineral by the U.S., with applications in military and energy sectors, and as China tightens export controls, the West faces supply chain risks, making domestic antimony supply chain reconstruction a national priority.
- Strategic Positioning of NevGold: NevGold Corp.'s Limousine Butte project, based on a historical mining site in Nevada, aims for near-surface antimony production within 12 to 18 months, leveraging existing infrastructure and historical ore to quickly meet market demand.
- Funding and Drilling Plans: In spring 2026, NevGold successfully raised C$42 million to support a 20,000-meter drilling program aimed at expanding its resource base and advancing antimony-gold mining, showcasing the company's growth potential in the critical minerals sector.
- Industry Competition and Opportunities: NevGold competes with companies like Perpetua Resources, which secured a US$2.9 billion government loan to advance its antimony project, indicating the U.S. government's commitment to the antimony supply chain, and NevGold's success could help fill the domestic supply gap.
See More
