Tungsten Mining Targets US Listing to Unlock Institutional Capital by Q3 2026

Strategic Move to US Markets

Tungsten Mining NL (ASX: TGN) has announced its intention to pursue a listing on a major US stock exchange, either Nasdaq or the New York Stock Exchange (NYSE), as part of a broader strategy to accelerate the development of its globally significant tungsten portfolio. This move aims to complement its existing Australian Securities Exchange (ASX) listing, providing the company with enhanced access to the world’s largest and most liquid equity markets.

The decision reflects the growing importance of tungsten as a critical mineral, particularly in the context of US government and allied nations’ efforts to secure resilient supply chains for strategic materials. Tungsten’s applications span defence, aerospace, electronics, and advanced manufacturing, making it a key component in modern industrial and security frameworks.

Capital and Strategic Benefits

By listing in the US, Tungsten Mining expects to broaden its investor base, improve liquidity, and gain greater visibility with US government agencies, defence contractors, and industrial partners. The company highlights that access to US institutional capital markets will provide flexibility for strategic partnerships, offtake agreements, and potential corporate transactions.

Moreover, raising capital in US dollars could attract North American institutional investors who have a strong appetite for critical minerals exposure. This aligns with Tungsten Mining’s ongoing engagement activities, including preliminary offtake discussions and government liaison efforts, which are critical to advancing its projects and long-term growth ambitions.

Process and Outlook

Tungsten Mining executives plan to visit the US in March 2026 to advance preparatory work, including regulatory compliance and audit engagements required for a US listing. The company has engaged US legal and advocacy firms to navigate the complex listing process, targeting a potential uplisting by the third quarter of 2026.

Importantly, the company emphasises that this initiative will not affect its current ASX listing, and all discussions remain preliminary and non-binding. Shareholders can expect ongoing updates as key milestones are reached.

Positioning in a Critical Market

Tungsten Mining’s move to pursue a US listing underscores the strategic importance of tungsten in global supply chains, especially amid heightened geopolitical focus on securing critical minerals. With a portfolio of advanced tungsten projects in Australia, the company is positioning itself as a major player in the primary tungsten market, which is essential for technologies underpinning defence, aerospace, and energy transition sectors.

Chairman Gary Lyons noted the increasing strategic alignment between Tungsten Mining’s assets and US policy priorities, suggesting that access to US capital markets will be a vital enabler of the company’s growth trajectory as it deepens engagement across the US and Europe.