Latest Tungsten Market News

Almonty Industries has announced a $700 million convertible senior notes offering due 2031, aiming to refinance existing debt and fund corporate initiatives amid rising tungsten demand.

Tungsten Mining NL has kicked off a large-scale drilling campaign at its Mt Mulgine Project, aiming to test a substantial exploration target that could significantly boost its tungsten resources.

Stelar Metals (ASX:SLB) is accelerating exploration at its Hill of Leaders Tungsten Project in the Northern Territory, aiming to capitalise on soaring tungsten prices and critical mineral demand driven by Chinese export restrictions.

Nelson Resources has kicked off reconnaissance exploration at its newly staked Cinnamon Tungsten Property in Nevada, aiming to leverage its proximity to Guardian Metal's US Department of Defense-backed Pilot Mountain Project.

Nelson Resources has staked 186 federal claims forming the Cinnamon Property in Nevada, directly adjoining Guardian Metal's Pilot Mountain tungsten project, positioning itself in a critical US mineral district amid soaring tungsten prices and supply concerns.

Viking Mines has cleared the final federal regulatory hurdle to commence its maiden drilling campaign at the Linka Tungsten Project in Nevada, positioning itself in the strategically critical US tungsten market.

Critical Resources has lodged an application to extend its Croesus gold-tungsten permit in New Zealand, targeting a broader tungsten system with historic grades up to 42.6% WO3. This move comes as tungsten prices surge over eightfold due to global supply constraints.

Critical Resources has confirmed significant greisen-hosted tungsten mineralisation at Granite Creek, boosting its exploration priority in a market where tungsten prices have surged over eightfold since early 2025. Assay results from ongoing New Zealand field programs are due mid-2026.

Coppermoly Limited has expanded its critical minerals footprint with the full acquisition of the Wyemandoo Project in Western Australia, while deferring Queensland geophysical surveys due to resource availability. The new project offers exposure to high-grade tungsten, rubidium, titanium, and tantalum, aligning with soaring global demand and prices.

Perpetual Resources continues to hit high-grade lithium and caesium targets at its Igrejinha and Renaldinho projects while strategically entering the tungsten market with a sizeable new tenure in Brazil’s Seridó Mineral Province. The company is gearing up for trenching and drilling campaigns amid a tight cash position.

Group 6 Metals has secured a pivotal underground mining contract with HMR Drilling Services, marking a decisive step toward sustained production at the Dolphin Tungsten Project on King Island.

QEM Limited is set to acquire two past-producing critical mineral projects in Idaho, backed by a $2.645 million placement. The move aligns with US efforts to secure domestic supplies of fluorspar, tungsten, and niobium amid global supply chain vulnerabilities.