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Overview

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Description

Western Star Resources Inc. is a Canada-based junior mining company specializing in mineral exploration and development. Its primary focus is advancing the flagship Western Star Property, comprising nine contiguous mineral claims totaling approximately 2,797 hectares in the Revelstoke mining division of British Columbia, about 50 kilometers southeast of Revelstoke. The company also holds interests in the Toad River copper-cobalt property in the Peace River North area and the Mount Anderson Property, covering 30 square kilometers south of Whitehorse. Recently, Western Star Resources Inc. signed a letter of intent to acquire Real American Corp, targeting past-producing high-grade tungsten projects in Nevada to bolster its U.S. critical minerals strategy. Headquartered in Vancouver and founded in 2020, the company plays a role in revitalizing North America's supply of critical minerals like tungsten, gold, silver, copper, and cobalt through strategic property acquisitions and exploration efforts in key Canadian and U.S. regions.

About

CEO
Mr. Blake Morgan
Employees
—
Address
800 West Pender St.
Unit 1020
Vancouver, V6C 2V6, BC
Canada
Phone
236-878-4938
Instrument type
Common stock
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Country
Germany
MIC code
XFRA
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Latest press releases

Sep 9, 2026
Drones Are Now Mapping the Tungsten Ground America Walked Away From

VANCOUVER, BC, Sept. 9, 2026 /CNW/ -- American News Group News Commentary - Tungsten is the hardest working metal almost nobody talks about. It goes into armour, munitions, drill bits and the cutting tools that machine everything else, and there is no practical substitute for most of what it does. The Business Research Company values the global tungsten market at roughly US$6.66 billion in 2026 and projects approximately US$9.62 billion by 2030, a compound annual growth rate of about 9.6%. What makes the number matter now is a date. United States defense procurement rules begin excluding Chinese tungsten in 2027, and the American ground meant to replace it was abandoned decades ago on price rather than geology. Much of it has never been surveyed with anything more precise than coarse regional government data. That is starting to change, and it is starting from the air.

American News Group Logo

Active Companies from around the markets with current developments this week include: Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2), Almonty Industries Inc. (NASDAQ: ALM), MP Materials Corp. (NYSE: MP), and USA Rare Earth, Inc. (NASDAQ: USAR).

The repricing already happened. Tungsten rose more than 160% during 2025 on the combination of Chinese export controls and rising defense demand, with prices continuing to climb into 2026. Tungsten now sits near the top of every national critical minerals list, including those of the United States and Canada, on the strength of its properties, its concentration of supply, and the fact that it cannot be swapped out of most of its applications.

What has not happened is the supply response. The United States has no meaningful primary tungsten production. It once did. American tungsten districts in Nevada, California, Idaho and New Mexico operated through the middle of the last century and were shut down not because the metal ran out but because Chinese producers made them uneconomic. The ore bodies were left in the ground, the workings were abandoned, and the exploration data stopped where the technology of the day stopped.

That distinction matters more than it first appears. A district abandoned on geology is a dead end. A district abandoned on price is an inventory of known mineralization that nobody has re-examined with anything modern. Most of the historical American tungsten ground has never been flown with high-resolution geophysics, never had a three-dimensional inversion run over it, and never been drilled with the benefit of either.

So the practical bottleneck between now and 2027 is not appetite, and increasingly it is not capital. Washington has committed billions to domestic critical minerals, including direct equity participation in producers. The bottleneck is that you cannot permit or drill a target you have not defined, and defining targets under cover requires flying the ground first. Everything downstream of that, the drill permits, the resource work, the mine plan, waits on a map.

Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2) Mobilises High-Resolution Drone Magnetic Survey at the Eagle Point Tungsten Project, New Mexico

- Property-wide, high-resolution UAV magnetic survey commenced at the 100%-owned Eagle Point project in Hidalgo County, New Mexico.

- Survey flown at 25 to 50 metre line spacing to define the limestone-intrusive contact and the magnetite-bearing tactite bodies that host scheelite mineralization, including beneath cover.

- Designed to extend the eight skarn bodies known from historical workings along strike.

- Same methodology and processing workflow that produced the district-scale three-dimensional inversion at the Company's Rowland and White Star properties in Nevada.

- Data acquisition expected to take approximately three weeks, with processed products and interpretation to follow, feeding target selection ahead of a maiden drill program and the drill-permitting process.

Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2) has mobilised a geophysical field crew to its wholly owned Eagle Point tungsten project in Hidalgo County, New Mexico, to complete a high-resolution unmanned aerial vehicle magnetic survey across the property.

The technical objective is specific. Scheelite at Eagle Point sits in magnetite-bearing tactite bodies formed where an intrusive body met limestone. Magnetite is magnetic; limestone and granite are not. A magnetic survey flown tightly enough therefore traces the contact itself, and the tactite bodies along it, including where they continue underneath cover that no amount of surface mapping can see through. Eight skarn bodies are already known from historical workings. The survey is designed to follow them along strike and to find the ones nobody dug.

Line spacing of 25 to 50 metres is the detail worth noting. The Company states that the only existing geophysical coverage over the area is coarse-resolution, widely spaced regional government data. Moving from that to a purpose-flown survey at this spacing is the difference between knowing a contact exists somewhere in a valley and knowing where it runs, how it is shaped, and where along it to put a drill.

"Given the promising results obtained from the drone magnetic surveys at Rowland and Whitestar, we are moving forward with this strategy at Eagle Point," said Blake Morgan, President and Chief Executive Officer of Western Star. "The only existing geophysics covering the area is coarse-resolution, widely spaced regional government data. By utilizing the drone, we expect to map out the prospective limestone-granite contact in much greater detail. With the ongoing Eagle Point exploration program exceeding expectations so far, we wanted to immediately add that next layer before our maiden drill program in 2026. We also expect assays back from our second-phase exploration program at Rowland and Whitestar, alongside an update on the ongoing Eagle Point program."

The method is not experimental for this company. The same survey design and processing workflow delivered a district-scale three-dimensional inversion across its Rowland and White Star properties in Nevada, and Eagle Point is the third property to receive it. Data acquisition is expected to take about three weeks, after which processed products and interpretation follow, and results are to be integrated with planned geological mapping and sampling to prioritise drill targets and support drill permitting.

Western Star is advancing a portfolio of past-producing tungsten assets across Nevada and New Mexico, with additional exploration exposure through its Western Star property in British Columbia. The Company has also flagged two further near-term items: assays from the second-phase exploration program at Rowland and White Star, and an update on the ongoing Eagle Point program. Filings are available on SEDAR+.

There are several risks associated with the Company's plans. Western Star is an exploration-stage company with no mineral resource or mineral reserve defined at Eagle Point, no production and no revenue. A magnetic survey maps physical properties of rock; it does not measure tungsten, and a magnetic anomaly is not mineralization. Historical workings and historical production at the property describe past activity and are not indicative of what may be found or recovered today. There is no assurance that the survey will define drill targets, that drill permits will be obtained, that drilling will occur on the timeline indicated, or that any drilling will result in the discovery or definition of a mineral resource. The maiden drill program referenced is a stated plan rather than a commitment. Exploration is capital intensive and may require financing that has not been secured, which could dilute existing holders. Tungsten prices have risen sharply and commodity prices can fall as quickly as they rise.

CONTINUED... Read this and more news for Western Star Resources Inc. (CSE: WSR) at: https://americannewsgroup.com/pages/western-star/

In other industry developments and happenings in the market this week include:

Almonty Industries Inc. (Nasdaq: ALM) is the clearest picture of what the finished version of this trade looks like. The company describes itself as a leading supplier of conflict-free tungsten, with its flagship Sangdong mine in South Korea, the Panasqueira mine in Portugal, and additional projects in Spain and the United States. Sangdong moved from construction to active mining in December 2025 and was formally commissioned in March 2026.

In a shareholder letter issued January 20, 2026, Chairman and Chief Executive Officer Lewis Black set out the strategy: a fully integrated Western tungsten platform spanning North America, Europe and Asia intended to supply at least 40% of all non-China tungsten. The letter also noted that the combination of Chinese export controls and rising demand pushed tungsten prices up more than 160% during 2025. First quarter 2026 revenue was CA$25.4 million, an increase of 221% year over year.

Almonty has also relocated its corporate headquarters to Dillon, Montana, closer to United States defense and industrial partners and to its Gentung tungsten project, and raised US$700 million in convertible notes in June 2026. It is a producer with binding offtake arrangements and a balance sheet, which is a different animal from an exploration company. It is included here because it demonstrates that the Western tungsten thesis is being financed rather than merely discussed.

MP Materials Corp. (NYSE: MP) is the reference case for what happens when Washington decides a critical mineral matters. America's only fully integrated rare earth producer, spanning mining and processing at Mountain Pass in California through to magnet manufacturing, MP became the subject of a multibillion-dollar United States Department of Defense investment, an unusually direct form of state participation in a listed producer.

In second quarter 2026 results, the company reported revenue of US$108.5 million and adjusted EBITDA of US$28.5 million, with revenue up 89% year over year. Founder, Chairman and Chief Executive Officer James Litinsky pointed to ramping NdPr production and sales volumes and to a long-term agreement to supply gadolinium to a new United States aerospace and defense customer, expanding the company's heavy rare earth portfolio.

The relevance to tungsten is the template rather than the metal. Rare earths went from an obscure supply-chain footnote to a line item with federal capital behind it in the space of a few years, on the same logic now being applied to tungsten and antimony: concentrated Chinese supply, defense dependency, and no quick domestic substitute.

USA Rare Earth, Inc. (Nasdaq: USAR) is at an earlier point on that same path, building an integrated rare earth, critical minerals and advanced materials business around the Round Top project in Texas and magnet manufacturing at Stillwater, Oklahoma. In second quarter 2026 results announced August 10, 2026, Chief Executive Officer Barbara Humpton described a quarter defined by milestones bringing the company's integrated value chain to life.

Those milestones included an intent to acquire Serra Verde, described as the only scaled producer of all four magnetic rare earths outside Asia, definitive documentation for a funding package with the United States Department of Commerce, an intended investment in Carester, and the selection of Blacksburg, South Carolina for a second American metal-making and magnet facility. The company is targeting completion of a Round Top definitive feasibility study in the fourth quarter of 2026, for publication in the first quarter of 2027, and 600 tonnes per annum of run-rate magnet capacity at Stillwater by the end of 2026.

USA Rare Earth is a useful marker of how quickly a critical minerals developer can move from concept to federal funding documentation when the policy environment is behind it, and equally of how much still has to be built before any of it produces revenue.

Contact Information:

https://americannewsgroup.com/pages/western-star/

Media Contact:

info@americannewsgroup.com 

DISCLAIMER:

Nothing in this publication should be considered personalized financial advice. We are not licensed under securities laws to address your particular financial situation, and no communication from us should be deemed personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor a recommendation to buy or sell any security. We hold no investment licenses and are neither licensed nor qualified to provide investment advice. The material in this article is intended to be strictly informational and is never to be construed or interpreted as research material. All readers are strongly urged to perform their own research and due diligence and to consult a licensed financial professional before considering any level of investing in stocks.

This article is being distributed for Market Equities Limited, a company incorporated under the laws of Ireland ("MEL"), which wholly owns and operates American News Group. MEL has been paid a fee directly by Western Star Resources Inc. for Western Star Resources Inc. advertising and digital media services. MEL also expects to receive further compensation as part of an ongoing digital media effort to increase visibility for the company. No further notice will be given, but let this disclaimer serve as notice that all material, including this article, has been approved by Western Star Resources Inc.

This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged not to use this publication as the basis for any investment decision.

MEL and its owner/operators do not own any shares of Western Star Resources Inc., but reserve the right to buy and sell shares of Western Star Resources Inc. at any time without any further notice commencing immediately and ongoing, in the open market, through private placements, and/or through other investment vehicles. There may also be third parties who hold shares of Western Star Resources Inc. and may liquidate their shares, which could have a negative effect on the price of the stock.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in this publication is not trustworthy unless verified by their own independent research. Because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. Be extremely careful, investing in securities carries a high degree of risk; you may lose some or all of your investment. This document is governed by the laws of Ireland.

Qualified Person. The scientific and technical information regarding the Eagle Point project contained in this article is derived from disclosure by Western Star Resources Inc. that has been reviewed and approved by Jasper Mowatt, a consultant to the Company and a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Mowatt is NOT independent of the Company. The publisher has not independently verified any scientific or technical information in this article.

Cautionary Note Regarding Exploration and Geophysics. Western Star Resources Inc. is an exploration-stage company. No mineral resource or mineral reserve has been defined at the Eagle Point project, and mineral resources that are not mineral reserves do not have demonstrated economic viability. A magnetic survey measures variations in the magnetic properties of rock and does not measure tungsten or any other metal. Magnetic anomalies are not mineralization, may arise from causes unrelated to mineralization, and require drill testing before any conclusion can be drawn. Descriptions of the survey design, line spacing, geological setting, the limestone-intrusive contact, magnetite-bearing tactite bodies, scheelite mineralization and the eight skarn bodies known from historical workings are as disclosed by the Company and have not been independently verified by the publisher. References to historical workings and to past production in American tungsten districts describe historical activity, were not verified by a Qualified Person, should not be relied upon, and are not indicative of mineralization or results that may be achieved on the Company's properties. There is no assurance that the survey will define drill targets, that drill permits will be obtained, that any drill program will proceed on the timeline indicated or at all, or that exploration will result in the discovery or definition of a mineral resource. Readers should review the Company's disclosure record on SEDAR+ at www.sedarplus.ca in full. The Canadian Securities Exchange has neither approved nor disapproved the contents of the Company's news release.

Cautionary Note Regarding Referenced Companies. References to Almonty Industries Inc., MP Materials Corp. and USA Rare Earth, Inc. are provided solely as market and sector context. Those companies are not peers, competitors, or financial comparables of Western Star Resources Inc. They are at materially different stages of development and scale, two of them are producing companies with revenue, they operate in different commodities and jurisdictions, and their results, financings, government support, guidance and share performance are not indicative of Western Star Resources Inc.'s prospects. None of those companies is involved in the production or distribution of this article. No partnership, affiliation, sponsorship, or endorsement is implied. Market-size figures cited in this article are third-party projections of total market value and do not represent addressable revenue for any company named, including the profiled company. Government designations, procurement rules, funding programs and export controls referenced in this article describe policy conditions and are not assurances of demand for, or the price of, any commodity.

Eagle Eye Disclosure. Eagle Eye is an investor signal-intelligence platform affiliated with the publisher of this article, and this reference constitutes promotion of an affiliated product. Eagle Eye is not a broker-dealer, and nothing in the platform or in this article is financial, investment, tax, or legal advice. Data provided in the platform is for informational purposes only and may be delayed. Always do your own research before making any investment decision. See it at eagle-eye.dev. 

Cautionary Note Regarding Forward-Looking Statements. This publication contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including statements regarding future exploration activities; the completion, processing and interpretation of the UAV magnetic survey; proposed drilling at Eagle Point, Rowland, White Star or other Company properties; timing and receipt of permits and regulatory approvals; the identification, prioritization and testing of exploration targets; the potential preparation of mineral resource estimates; the potential size, continuity, grade or economic significance of mineralization; the Company's critical-minerals strategy; and projections of tungsten market size, price and government procurement policy. Such statements are generally identified by words such as "expects", "plans", "anticipates", "believes", "intends", "estimates", "potential", or that events "will", "would", "may", "could" or "should" occur. There can be no assurance that proposed exploration programs will proceed as anticipated, that necessary permits or financing will be obtained, that exploration will result in the discovery or definition of a mineral resource, or that the Company will qualify for or receive any government funding. Do not place undue reliance on such statements. The forward-looking statements in this publication are made as of the date above and American News Group undertakes no obligation to update them.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/drones-are-now-mapping-the-tungsten-ground-america-walked-away-from-302872116.html

SOURCE American News Group

Jun 23, 2026
America Has No Tungsten Mine and a 2027 Deadline -- Now Field Crews Are on the Ground at a Past-Producing Nevada Project

Issued on behalf of Western Star Resources Inc.

With drone geophysics underway at White Star and three U.S. tungsten projects active in 2026, Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2) is racing a defense-procurement clock that bars Chinese tungsten from key military uses on January 1, 2027.

VANCOUVER, BC, June 23, 2026 /PRNewswire/ -- AmericanNewsGroup.com News Commentary — The United States has not produced tungsten from a domestic mine since 2015, and the clock on fixing that is no longer abstract. On January 1, 2027, a federal procurement rule begins barring tungsten mined, refined, or processed in China, Russia, Iran, and North Korea from a wide band of U.S. defense applications. Tungsten is the densest, hardest-wearing metal in the arsenal — the material behind armor-piercing munitions, tank armor, and missile components — and there is no domestic mine ready to fill the gap. Against that backdrop, Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2) just put field crews on the ground at a past-producing tungsten property in one of America's most important historic tungsten districts.

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On June 22, 2026, the Company announced that crews have mobilised to its 100% owned White Star Tungsten Project in Elko County, Nevada, to commence the first modern exploration program ever run across the property and the past-producing Mission Cross Mine workings it surrounds. The initial work is geophysics-led: a property-wide, high-resolution UAV (drone) magnetic survey paired with a systematic soil-geochemistry program. It is the kind of unglamorous, foundational fieldwork that turns a historic mine site into a set of modern, drill-ready targets — and Western Star is doing it on a property that sits directly adjacent to its own Rowland Tungsten Property in the Charleston Mining District.

A 900% Price Move Meets a Hard Deadline

To understand why a small Nevada exploration program is drawing attention, start with the price chart. The Rotterdam ammonium paratungstate (APT) benchmark — the reference intermediate product for Western tungsten buyers — has traded around the US$3,000–$3,200 per metric tonne unit range through mid-2026, after running up roughly 350% over the course of this year and on the order of 900% over the trailing twelve months from its 2025 lows. APT that changed hands below US$250/mtu as recently as 2020 has been repriced into an entirely different regime. This is not a typical industrial-metal wobble; it is a structural repricing of supply risk.

The cause is concentration. China controls roughly 80% of global tungsten mine supply and dominates the downstream chain that converts ore into APT, powder, and carbide. Beijing tightened export licensing on tungsten beginning in 2023, and the squeeze intensified through 2025: exports of key processed tungsten products fell sharply, and in December 2025 China confirmed that only 15 companies would be authorized to export tungsten in 2026–27, handing the state direct control over volume, timing, and destination. China's own mined output is estimated to have fallen around 10% year-over-year in 2025 as aging mines and declining ore grades bite. The result is a metal whose supply sits almost entirely inside an increasingly insecure chokepoint — the same story now familiar from rare earths, gallium, and antimony.

Layer the demand picture on top. Tungsten consumption is forecast to climb meaningfully through the next decade, pulled by defense, aerospace, semiconductors, and industrial carbide — and, increasingly, by the build-out of artificial-intelligence infrastructure, where tungsten compounds are used in advanced semiconductor manufacturing. Then add the procurement cliff. The January 1, 2027 prohibition gives Western prime contractors a fixed date by which they need documented, non-Chinese tungsten for defense work. For a U.S.-based project, "domestic" and "near-term" are exactly the adjectives that matter. That is the lane Western Star is trying to occupy.

Boots on the Ground at White Star

The White Star Project is located in the Charleston Mining District, adjacent to Western Star's Rowland Tungsten Property, and was recently acquired by the Company. The 2026 program now underway centers on three core workstreams that the Company says will mirror the integrated workflow already being applied at Rowland.

First, a property-wide UAV magnetic survey, which will provide the first modern high-resolution geophysical dataset across the project. Drone-borne magnetics can map the magnetic signature of the rocks below surface quickly and cheaply, helping geologists picture the structures and intrusions that often control where tungsten-bearing skarn mineralization sits. Western Star expects to receive preliminary processed geophysical products from its contractor over the coming weeks.

Second, systematic mapping and ground-truthing of the historical mine workings — open-pit and underground workings, surface trenches, shafts, adits, and waste dumps around the past-producing Mission Cross Mine. This is the work that ties old, often incompletely documented production records to verifiable points on the modern map. Third, reconnaissance soil sampling across the broader White Star claim package, including the ground between the White Star workings and the adjoining Rowland Property. Soil samples will be submitted to a laboratory for certified assay, with results to be released once received and interpreted; rock-chip samples will follow the same certified-assay path.

The strategic logic is district consolidation. Western Star's stated intent is to combine the White Star and Rowland datasets into a single, district-scale geological model spanning what it calls the consolidated Jarbidge–Charleston tungsten footprint. Rather than chasing one isolated target, the Company is trying to build a contiguous, modern picture across a historic tungsten district — the kind of footprint that can support a longer exploration runway if the early surveys deliver.

Blake Morgan, the CEO and President of Western Star, framed the mobilisation in the context of the Company's broader U.S. push, stating: "Mobilising to White Star, with the Rowland program already underway and Eagle Point just acquired in New Mexico, gives Western Star three active U.S. tungsten projects on the ground in 2026. White Star sits in the same skarn setting as Rowland and similar to Rowland, largely under-explored. Running an integrated drone magnetic survey and a focused soil and rock-chip program across the White Star workings is the fastest path to defining drill targets and matching what we have already done at Rowland."

Why a Past-Producing Nevada Mine Matters

The phrase "past-producing" carries real weight in exploration. A property that has produced before has already demonstrated that an economic mineral system exists in the ground — the geological question shifts from "is anything here?" to "how much remains, and can modern methods define it economically?" Many of America's historic tungsten mines were shuttered decades ago when prices collapsed and cheaper Chinese supply flooded the market, long before drone magnetics, modern geochemistry, and current pricing existed. They were never explored with today's tools at today's prices.

Nevada is also among the most highly rated mining jurisdictions in the world for permitting clarity and infrastructure, and it is one of the historic centers of U.S. tungsten production. Western Star describes itself as an emerging junior focused on revitalizing North America's tungsten supply, advancing its entry into the U.S. market through the acquisition of a past-producing tungsten mine in the state. The Company also holds nine non-surveyed contiguous mineral claims totalling 4,740 hectares within the Revelstoke mining division of British Columbia, located roughly 50 kilometres southeast of Revelstoke and about 10 kilometres north of the abandoned community of Camborne.

None of this guarantees a discovery. Mobilising crews and flying a magnetic survey is the beginning of an exploration program, not the end of one; assays can disappoint, and historic workings do not always translate into modern economic resources. But the sequence Western Star is running — geophysics first, then ground-truthing, then systematic sampling, then drill targeting — is the disciplined, lower-cost path that junior explorers use to decide where to point an expensive drill rig. The combined Rowland–White Star approach is an attempt to do that across a whole district at once.

The Broader Tungsten Trade: Four Names Investors Are Watching

Western Star is an early-stage explorer, and its story sits inside a much larger reshoring theme that is pulling capital toward tungsten and critical-minerals names at every stage of development. Four operators help frame the spectrum — from established producers to fellow Nevada developers — though each carries its own risk profile and none is a proxy for Western Star.

Almonty Industries Inc. (Nasdaq: ALM) is the clearest example of a Western producer riding the price move. The company completed Phase 1 commissioning at its flagship Sangdong tungsten mine in South Korea in March 2026 — a return to production after more than three decades — and relocated its corporate headquarters to Dillon, Montana to align with U.S. industrial and defense stakeholders. Almonty reported first-quarter 2026 revenue of US$25.4 million, up 221% year-over-year on record tungsten pricing and output from its Panasqueira mine in Portugal, swinging to positive adjusted EBITDA of US$6.1 million. It illustrates the operating leverage a producer gets when APT prices spike.

Guardian Metal Resources plc (NYSE American: GMTL) is arguably the closest peer by geography and strategy: a Nevada-focused tungsten developer advancing its co-flagship Pilot Mountain and Tempiute projects, the latter formerly America's largest producing tungsten operation. Guardian completed a U.S. listing on the NYSE American in March 2026 and is finishing a pre-feasibility study at Pilot Mountain supported by a US$6.2 million U.S. Department of War Defense Production Act Title III investment in its U.S. subsidiary. It is a useful reference point for what a more advanced Nevada tungsten story looks like — and for the federal money flowing into domestic supply.

EQ Resources Limited (ASX: EQR) brings a dual-jurisdiction producer's perspective, operating the Mt Carbine mine in Queensland, Australia and the Barruecopardo mine in Spain. The company reported record quarterly material movement in early 2026 and has committed growth capital to roughly double Mt Carbine's throughput, explicitly positioning itself as a source of traceable, non-Chinese tungsten for Western buyers. EQ Resources shows how existing Western producers are racing to expand capacity into the same supply gap Western Star is exploring toward.

American Tungsten Corp. (TSXV: TUNG) (OTCQB: TUNGF) rounds out the set as another junior developer chasing a historic U.S. asset — the IMA Mine Project in Idaho, where the company has been drilling underground and through historical tailings and closed a roughly C$40 million bought-deal financing in March 2026 to advance the work. The company graduated from the CSE to the TSX Venture Exchange in late May 2026, where it now trades under the same "TUNG" symbol. As a fellow explorer-stage name targeting a past-producing American tungsten mine, it is the most directly comparable in development stage, and a reminder that several juniors are now competing to be first to define a modern domestic resource.

The common thread is that the market is no longer pricing tungsten as an obscure industrial metal. It is pricing it as a national-security supply-chain problem with a fixed federal deadline — and looking for the projects, at every stage, that could help solve it. Western Star's bet is that a past-producing Nevada district, explored with modern tools at today's prices, is one of the places that solution could come from.

What Comes Next

The near-term catalysts are concrete. Western Star expects preliminary processed UAV magnetic survey products from its contractor over the coming weeks, with soil and rock-chip assay results to follow once laboratory analysis is received and interpreted. Those early datasets will determine whether White Star produces the kind of coherent magnetic and geochemical anomalies that justify drilling — and how cleanly the property knits into the broader Rowland model. For investors tracking the tungsten reshoring theme, the question is whether the combined Jarbidge–Charleston footprint can be advanced quickly enough to matter against a 2027 clock that is already ticking.

The scientific and technical information in Western Star's news release was reviewed and approved by independent geologist Jasper Mowatt, MIMMM and MAusIMM, a Qualified Person as defined by National Instrument 43-101.

TRACK THE SIGNAL WITH EAGLE EYE

Want to see how investor attention is moving across tungsten and critical-minerals names in real time? Eagle Eye is a real-time investor signal-intelligence platform that tracks sentiment, news flow, and trending tickers across the market. Explore it at eagle-eye.dev.

CONTACT

American News Group

info@americannewsgroup.com

SOURCES

[1] Western Star Resources Inc. news release, "Western Star Resources Mobilises to the Past Producing White Star Tungsten Project and Commences Drone Geophysics," June 22, 2026.

[2] Shanghai Metals Market (SMM) and Fastmarkets tungsten / APT benchmark pricing, June 2026.

[3] The Oregon Group, "Why tungsten prices are rising so fast: inside the supply crunch," April 2026.

[4] Almonty Industries Inc. Q1 2026 financial results (Form 6-K), May 11, 2026; Sangdong commissioning release, March 16, 2026.

[5] Guardian Metal Resources plc, Pilot Mountain PFS progress update and NYSE American listing disclosures, March–May 2026.

[6] EQ Resources Limited quarterly activities reports and Mt Carbine expansion disclosures, 2025–2026.

[7] American Tungsten Corp. IMA Mine drilling, C$40M financing (March 18, 2026), and CSE-to-TSXV listing transfer (effective May 29, 2026) disclosures.

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