Western Star Resources Secures Financing and Strategic Initiatives
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy NB?
Source: Globenewswire
- Innovative Financing Structure: Western Star Resources announced a non-brokered private placement of 833,333 flow-through common shares at $0.60 per share, aiming to raise $500,000 for Canadian exploration expenses eligible for the Critical Mineral Exploration Tax Credit, which not only broadens the investor base but also establishes the company's role in the U.S. defense supply chain.
- Strategic Partnership Agreement: The company signed a 12-month investor relations agreement with Germany's Plutus Invest & Consulting GmbH for €200,000, aimed at enhancing brand awareness in the European market, particularly before the January 1, 2027, U.S. federal procurement rule takes effect, thereby strengthening its competitive position in the global tungsten market.
- DIBC Application Submission: Western Star submitted a project proposal targeting tungsten to the U.S. Defense Industrial Base Consortium, with plans for its maiden drill program in 2026; the CEO stated that this asset offers significant upside potential, which is expected to yield new technical results and drive future growth.
- Surging Tungsten Prices: With tungsten prices soaring from $600 to $2,400, the modern exploration program at the Rowland tungsten project is well-timed, as it aims to validate mineralized zones using historical data and advance the project, further solidifying its market position in the critical minerals sector.
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Analyst Views on NB
Wall Street analysts forecast NB stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 5.860
Low
9.50
Averages
12.25
High
15.00
Current: 5.860
Low
9.50
Averages
12.25
High
15.00
About NB
NioCorp Developments Ltd. is developing the Elk Creek Project that is expected to produce niobium, scandium, and titanium. The Company is also evaluating the potential to produce several rare earths from the Elk Creek Project. The Elk Creek Project is a shovel-ready pure-play critical minerals project with the highest-grade Niobium resource in North America and an indicated rare earth resource in the United States. The Elk Creek Project is located approximately 105 kilometers (kms) southeast of Lincoln, Nebraska (the state capital); 129 kms south of Omaha, Nebraska, and three miles west of Elk Creek, Nebraska and six miles south of Tecumseh, Nebraska.
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.
Update on Western Critical Minerals Projects
- KSM Project Progress: Seabridge Gold's KSM project has been designated a provincial priority in British Columbia, hosting 7.3 billion pounds of copper and 47.3 million ounces of gold, with provincial support expected to expedite regulatory processes and enhance financing appeal.
- Elk Creek Groundbreaking: NioCorp's Elk Creek project in Nebraska officially broke ground in March 2026, becoming North America's only niobium-scandium-titanium deposit with construction permits, and is set to enhance marketing capabilities through a partnership with Traxys for the next decade of operations.
- Goose Mine Commercialization: B2Gold's Goose Mine achieved commercial production in October 2025, with Q1 2026 gold output reaching 237,763 ounces, exceeding expectations, and full-year guidance of 820,000 to 970,000 ounces indicates strong operational potential in the Arctic region.
- Santa Cruz Project Planning: Ivanhoe Electric's Santa Cruz copper project is slated for first copper cathode production in 2028, aligning its multi-metal development strategy with U.S. supply chain independence goals, showcasing the company's strategic positioning in critical minerals.
See More
Western Star Resources Secures Financing and Strategic Initiatives
- Innovative Financing Structure: Western Star Resources announced a non-brokered private placement of 833,333 flow-through common shares at $0.60 per share, aiming to raise $500,000 for Canadian exploration expenses eligible for the Critical Mineral Exploration Tax Credit, which not only broadens the investor base but also establishes the company's role in the U.S. defense supply chain.
- Strategic Partnership Agreement: The company signed a 12-month investor relations agreement with Germany's Plutus Invest & Consulting GmbH for €200,000, aimed at enhancing brand awareness in the European market, particularly before the January 1, 2027, U.S. federal procurement rule takes effect, thereby strengthening its competitive position in the global tungsten market.
- DIBC Application Submission: Western Star submitted a project proposal targeting tungsten to the U.S. Defense Industrial Base Consortium, with plans for its maiden drill program in 2026; the CEO stated that this asset offers significant upside potential, which is expected to yield new technical results and drive future growth.
- Surging Tungsten Prices: With tungsten prices soaring from $600 to $2,400, the modern exploration program at the Rowland tungsten project is well-timed, as it aims to validate mineralized zones using historical data and advance the project, further solidifying its market position in the critical minerals sector.
See More
Greenland Mines' Skaergaard Project Progress Update
- Significant Project Progress: Greenland Mines' Skaergaard Project reported by SLR Consulting on May 7, 2026, indicates 16.58 million ounces of palladium-equivalent in the Indicated category and 21.92 million ounces in the Inferred category, reflecting a 45% and 55% uplift from the 2022 model, respectively, which enhances the project's economic potential significantly.
- Funding Secured: The 2026 field, drill, and bulk-sample campaign is fully funded, ensuring that the project can proceed smoothly into future development phases, thereby enhancing the company's competitiveness in the critical minerals sector.
- Increased Industry Recognition: Greenland Mines and its 80%-owned subsidiary Major Precious Greenland A/S were admitted to the European Raw Materials Alliance on April 22, 2026, marking the project's formal inclusion in the EU's industrial framework for critical raw materials security, which strengthens its market position.
- Massive Resource Value: The 2022 NI 43-101 Mineral Resource Estimate indicates a gross in-situ resource value of approximately $68 billion for the Skaergaard Project, highlighting its significance among the world's undeveloped Pd-Au-Pt deposits and attracting increased investor interest.
See More
Western Governments Commit $12.1 Billion to Mining Projects
- Surge in Investment: At the 2026 PDAC conference, Western governments committed $12.1 billion through 30 partnerships for new mining projects, reflecting strong demand and confidence in critical mineral resources.
- Global Supply Chain Strain: The latest OECD report indicates that global export restrictions on critical raw materials have reached an all-time high, with supply concentration for cobalt, lithium, and rare earths exceeding 90%, driving capital down the entire Western mineral pipeline from early-stage exploration to commercial production.
- GoldHaven Financing Expansion: GoldHaven Resources announced an upsizing of its non-brokered financing to $1.2 million due to strong investor demand, which will further support its fully funded exploration program at the Magno Project in British Columbia, expected to enhance drilling activities targeting a large-scale, multi-phase mineral system.
- Strategic Mineral Potential: The Magno project spans over 37,200 hectares and contains silver, tungsten, lead, zinc, and indium, with tungsten classified as a critical mineral, positioning GoldHaven's exploration efforts to significantly bolster its competitiveness in the critical minerals market.
See More
GoldHaven Resources Upsizes Financing to $1.2 Million Amid Strong Demand
- Financing Upsize: GoldHaven Resources has upsized its non-brokered financing to $1.2 million due to strong investor demand, which is expected to further bolster its fully funded 2026 exploration program at the Magno Project in British Columbia, supporting an expanded drill campaign targeting a large-scale, multi-phase mineral system.
- Resource Potential: The Magno project spans over 37,200 hectares and contains silver, tungsten, lead, zinc, and indium, with tungsten classified as a critical mineral and no primary domestic production in Canada, highlighting the project's strategic importance in resource development.
- Geological Assessment: An independent geological review of GoldHaven's Copeçal Gold Project in Brazil confirmed a large-scale, structurally controlled hydrothermal gold system, with a Phase II drill program planned for 2026 to test high-priority structural and geophysical targets, further advancing resource development.
- Market Outlook: The global critical minerals market is projected to nearly double to $715 billion by 2035, with North American investment growing rapidly, positioning GoldHaven Resources favorably to attract more institutional capital to support its mineral development initiatives.
See More
China's Shift in Rare Earth Strategy
- Policy Change: Starting January 1, 2027, updated U.S. defense procurement rules will ban Chinese-origin rare earth materials, meaning the demand for domestically sourced rare earth metals is no longer market-dependent but mandated by law, providing a stable market foundation for REalloys.
- Government Backing: The U.S. Export-Import Bank has issued a $200 million letter of intent to support REalloys' supply chain development, while the Japan Organization for Metals and Energy Security (JOGMEC) has signed an MOU for technology transfer and potential financing, with this support expected to be insulated from price fluctuations.
- Technological Independence: REalloys has developed a processing pathway that does not rely on Chinese technology through its partnership with the Saskatchewan Research Council, utilizing an AI-driven process to produce higher-purity metals more efficiently, significantly reducing dependence on Chinese equipment.
- Supply Chain Integration: REalloys has established an end-to-end supply chain covering all stages from raw feedstock to finished magnets, with expectations to produce 525 tonnes of neodymium-praseodymium metal and 30 tonnes of dysprosium oxide annually by 2027, positioning itself as the largest source of heavy rare earth oxides outside China and enhancing its market competitiveness.
See More
Update on Western Critical Minerals Projects
- KSM Project Progress: Seabridge Gold's KSM project has been designated a provincial priority in British Columbia, hosting 7.3 billion pounds of copper and 47.3 million ounces of gold, with provincial support expected to expedite regulatory processes and enhance financing appeal.
- Elk Creek Groundbreaking: NioCorp's Elk Creek project in Nebraska officially broke ground in March 2026, becoming North America's only niobium-scandium-titanium deposit with construction permits, and is set to enhance marketing capabilities through a partnership with Traxys for the next decade of operations.
- Goose Mine Commercialization: B2Gold's Goose Mine achieved commercial production in October 2025, with Q1 2026 gold output reaching 237,763 ounces, exceeding expectations, and full-year guidance of 820,000 to 970,000 ounces indicates strong operational potential in the Arctic region.
- Santa Cruz Project Planning: Ivanhoe Electric's Santa Cruz copper project is slated for first copper cathode production in 2028, aligning its multi-metal development strategy with U.S. supply chain independence goals, showcasing the company's strategic positioning in critical minerals.
See More
Western Star Resources Secures Financing and Strategic Initiatives
- Innovative Financing Structure: Western Star Resources announced a non-brokered private placement of 833,333 flow-through common shares at $0.60 per share, aiming to raise $500,000 for Canadian exploration expenses eligible for the Critical Mineral Exploration Tax Credit, which not only broadens the investor base but also establishes the company's role in the U.S. defense supply chain.
- Strategic Partnership Agreement: The company signed a 12-month investor relations agreement with Germany's Plutus Invest & Consulting GmbH for €200,000, aimed at enhancing brand awareness in the European market, particularly before the January 1, 2027, U.S. federal procurement rule takes effect, thereby strengthening its competitive position in the global tungsten market.
- DIBC Application Submission: Western Star submitted a project proposal targeting tungsten to the U.S. Defense Industrial Base Consortium, with plans for its maiden drill program in 2026; the CEO stated that this asset offers significant upside potential, which is expected to yield new technical results and drive future growth.
- Surging Tungsten Prices: With tungsten prices soaring from $600 to $2,400, the modern exploration program at the Rowland tungsten project is well-timed, as it aims to validate mineralized zones using historical data and advance the project, further solidifying its market position in the critical minerals sector.
See More
Greenland Mines' Skaergaard Project Progress Update
- Significant Project Progress: Greenland Mines' Skaergaard Project reported by SLR Consulting on May 7, 2026, indicates 16.58 million ounces of palladium-equivalent in the Indicated category and 21.92 million ounces in the Inferred category, reflecting a 45% and 55% uplift from the 2022 model, respectively, which enhances the project's economic potential significantly.
- Funding Secured: The 2026 field, drill, and bulk-sample campaign is fully funded, ensuring that the project can proceed smoothly into future development phases, thereby enhancing the company's competitiveness in the critical minerals sector.
- Increased Industry Recognition: Greenland Mines and its 80%-owned subsidiary Major Precious Greenland A/S were admitted to the European Raw Materials Alliance on April 22, 2026, marking the project's formal inclusion in the EU's industrial framework for critical raw materials security, which strengthens its market position.
- Massive Resource Value: The 2022 NI 43-101 Mineral Resource Estimate indicates a gross in-situ resource value of approximately $68 billion for the Skaergaard Project, highlighting its significance among the world's undeveloped Pd-Au-Pt deposits and attracting increased investor interest.
See More
Western Governments Commit $12.1 Billion to Mining Projects
- Surge in Investment: At the 2026 PDAC conference, Western governments committed $12.1 billion through 30 partnerships for new mining projects, reflecting strong demand and confidence in critical mineral resources.
- Global Supply Chain Strain: The latest OECD report indicates that global export restrictions on critical raw materials have reached an all-time high, with supply concentration for cobalt, lithium, and rare earths exceeding 90%, driving capital down the entire Western mineral pipeline from early-stage exploration to commercial production.
- GoldHaven Financing Expansion: GoldHaven Resources announced an upsizing of its non-brokered financing to $1.2 million due to strong investor demand, which will further support its fully funded exploration program at the Magno Project in British Columbia, expected to enhance drilling activities targeting a large-scale, multi-phase mineral system.
- Strategic Mineral Potential: The Magno project spans over 37,200 hectares and contains silver, tungsten, lead, zinc, and indium, with tungsten classified as a critical mineral, positioning GoldHaven's exploration efforts to significantly bolster its competitiveness in the critical minerals market.
See More
GoldHaven Resources Upsizes Financing to $1.2 Million Amid Strong Demand
- Financing Upsize: GoldHaven Resources has upsized its non-brokered financing to $1.2 million due to strong investor demand, which is expected to further bolster its fully funded 2026 exploration program at the Magno Project in British Columbia, supporting an expanded drill campaign targeting a large-scale, multi-phase mineral system.
- Resource Potential: The Magno project spans over 37,200 hectares and contains silver, tungsten, lead, zinc, and indium, with tungsten classified as a critical mineral and no primary domestic production in Canada, highlighting the project's strategic importance in resource development.
- Geological Assessment: An independent geological review of GoldHaven's Copeçal Gold Project in Brazil confirmed a large-scale, structurally controlled hydrothermal gold system, with a Phase II drill program planned for 2026 to test high-priority structural and geophysical targets, further advancing resource development.
- Market Outlook: The global critical minerals market is projected to nearly double to $715 billion by 2035, with North American investment growing rapidly, positioning GoldHaven Resources favorably to attract more institutional capital to support its mineral development initiatives.
See More
China's Shift in Rare Earth Strategy
- Policy Change: Starting January 1, 2027, updated U.S. defense procurement rules will ban Chinese-origin rare earth materials, meaning the demand for domestically sourced rare earth metals is no longer market-dependent but mandated by law, providing a stable market foundation for REalloys.
- Government Backing: The U.S. Export-Import Bank has issued a $200 million letter of intent to support REalloys' supply chain development, while the Japan Organization for Metals and Energy Security (JOGMEC) has signed an MOU for technology transfer and potential financing, with this support expected to be insulated from price fluctuations.
- Technological Independence: REalloys has developed a processing pathway that does not rely on Chinese technology through its partnership with the Saskatchewan Research Council, utilizing an AI-driven process to produce higher-purity metals more efficiently, significantly reducing dependence on Chinese equipment.
- Supply Chain Integration: REalloys has established an end-to-end supply chain covering all stages from raw feedstock to finished magnets, with expectations to produce 525 tonnes of neodymium-praseodymium metal and 30 tonnes of dysprosium oxide annually by 2027, positioning itself as the largest source of heavy rare earth oxides outside China and enhancing its market competitiveness.
See More
