Latest TUNGSTEN MINING (ASX:TGN) News

Tungsten Mining NL is set to begin a 15,000-metre drilling campaign at its Watershed tungsten deposit in June 2026, aiming to better define near-surface high-grade mineralisation amid record tungsten prices.

A brutal split opened up in small caps: a few stocks surged on hard approvals and funding, while many resource names slid even after announcing big numbers. The week’s tape looked simple: investors paid for certainty and sold anything that still needs time, permits, or more cash.

A brutal sell-off in a few small caps did most of the damage this week, even as project funding and resource upgrades kept rolling in. Lithium, rare earths and tungsten news stayed constructive, but traders punished anything that looked like delays, dilution or weaker prices.

Tungsten Mining NL is set to begin a substantial drilling campaign at its Mt Mulgine Trench deposit in May 2026, aiming to test and potentially expand its tungsten resource amid soaring global prices.

Rare earths and gold dominated the tape, with one small-cap rare earth explorer ripping more than 70% on a single drilling headline. Gold producers, meanwhile, kept turning high bullion prices into dividends, buy-backs and bigger balance sheets.

Tungsten Mining is pursuing a US stock exchange listing to tap into deeper capital markets and strengthen ties with US government and industry stakeholders, complementing its existing ASX listing.

Tungsten Mining has secured $53 million to push its Mt Mulgine Project through critical feasibility stages while engaging international partners for processing and offtake. The company is positioning itself as a key player in the global tungsten market with strategic moves in the US and Europe.

Tungsten Mining has completed a $53 million placement, oversubscribed by institutional investors, positioning the company to accelerate development of its key tungsten projects. The funds will support exploration and feasibility studies with results expected later this year.

Tungsten Mining NL has launched a Project Economic Evaluation to explore accelerated development of its Watershed Project, leveraging existing approvals to potentially fast-track production in a tightening tungsten market.

Small caps did the heavy lifting this week, led by two big discovery stories in resources. Funding raises and takeover moves kept attention on who can pay for the next step, not just promise it.

Speculative money piled into new discoveries and tight-supply metals, while a handful of small caps were sold hard on thin liquidity. The week’s biggest moves came from PGMs and tungsten on the way up, and micro-cap gas on the way down.

Tungsten Mining NL reports a robust December quarter marked by soaring tungsten prices, a landmark scoping study at Mt Mulgine, and a $53 million capital raise, positioning the company for accelerated development.