Pioneer Minerals has advanced its US critical minerals portfolio with promising high-grade tungsten and gold results at North Pine, alongside uranium exploration progress, supported by a $1 million capital raise.
- District-scale land consolidation at North Pine Project, Idaho
- High-grade tungsten up to 2.98% WO₃ and gold up to 7.75 g/t Au confirmed
- New polymetallic precious-metal system identified at Silver Cliffs
- Early-stage uranium targeting progressed in Wyoming and Colorado
- Raised $1 million post-quarter to fund exploration and working capital
Strategic Expansion in US Critical Minerals
Pioneer Minerals Ltd has made significant strides in its US critical minerals portfolio during the December 2025 quarter, focusing on tungsten, antimony, gold, and uranium projects. The company’s efforts centred on consolidating land holdings and conducting maiden field programs that have yielded encouraging high-grade mineralisation results, particularly at the North Pine Project in Idaho.
At North Pine, Pioneer secured a district-scale footprint by staking additional lode claims near Perpetua Resources’ Stibnite Gold Project, positioning itself in a highly prospective geological setting. The maiden exploration program delivered rock-chip samples with tungsten grades reaching 2.98% WO₃ and gold assays up to 7.75 grams per tonne, underscoring the presence of multiple independent mineral systems. Notably, the Springfield Prospect revealed a robust tungsten skarn system alongside a structurally controlled precious-metal vein system, enhancing the project's exploration potential.
Broadening the Exploration Horizon
Beyond North Pine, Pioneer identified a new polymetallic precious-metal system at the Silver Cliffs Prospect, with gold, silver, and antimony anomalies confirming a second high-priority target within the project area. Complementing these discoveries, the company advanced early-stage uranium exploration at the Central Buttes Project in Wyoming and the Skull Creek Project in Colorado. These efforts included satellite spectral analyses and regulatory progress towards drill-ready status, aligning with the US government's focus on domestic uranium supply.
While lithium projects in Canada, Root Lake and Benham, remain on the radar, Pioneer has paused on-ground activities there, awaiting more favourable market conditions. The company also maintained its other international assets in Brazil, Namibia, and Botswana in good standing, prioritising capital deployment towards its North American critical minerals strategy.
Capital and Corporate Developments
Financially, Pioneer raised A$700,000 during the quarter through a placement at A$0.14 per share and secured a subsequent $1 million placement at $0.18 per share post-quarter. These funds are earmarked for advancing exploration at North Pine, Skull Creek, and Central Buttes, as well as for working capital. Despite ending the quarter with a modest cash balance of $109,000, the company’s demonstrated ability to attract capital provides a runway for continued exploration activities.
On the corporate front, Pioneer appointed Chris Gerteisen, bringing valuable North American mining and capital markets experience to the board, while thanking departing director Zac Komur for his contributions. These changes reflect a strategic alignment with the company’s US-focused critical minerals ambitions.
Bottom Line?
With promising early results and fresh capital, Pioneer Minerals is poised to accelerate its US critical minerals exploration, though near-term funding and project development remain key watchpoints.
Questions in the middle?
- How will Pioneer prioritise exploration spending across its diverse US projects?
- What are the timelines and regulatory hurdles for uranium drilling at Skull Creek?
- Can the company sustain its cash flow and secure further funding to maintain momentum?