Latest Tungsten Market News

GWR Group Limited reported steady progress on its Prospect Ridge Magnesite Project and maintains strong cash reserves, while opting out of a potential acquisition after thorough due diligence.

Tungsten Mining NL is moving to list on the U.S. OTCQB Market, aiming to tap into strong North American investor interest as tungsten prices climb and critical mineral security becomes a priority.

Koba Resources has acquired exclusive rights to two high-grade tin-tungsten projects in Queensland’s historic Herberton Tin Field, backed by a $4.35 million placement to fund exploration and drilling.

Koba Resources has acquired exclusive rights to two prolific tin-tungsten projects in Queensland’s historic Herberton Tin Field, backed by a $4.35 million capital raise to fund exploration and drilling.

Tungsten Mining NL has successfully raised $9.5 million through a share placement to advance its Mt Mulgine gold-tungsten project, reinforcing its position in the global tungsten market.

EQ Resources has successfully commissioned a third XRT ore sorter at its Saloro tungsten operation, increasing sorting capacity by 50% and improving processing efficiency. An updated ore reserve estimate is expected in early Q4 2025, reflecting operational gains and stronger tungsten prices.

Tungsten Mining has launched a 10-week Scoping Study to explore a phased development approach at Mt Mulgine, starting with an oxide gold project to generate early cash flow before advancing to tungsten and molybdenum production.

Almonty Industries reported significant losses in Q2 2025 as it advances the Sangdong tungsten mine in South Korea and completes a US$90 million Nasdaq IPO to fund growth projects.

EQ Resources has finalized a US$7.5 million royalty funding agreement with Oaktree Capital Management to support its Barruecopardo tungsten project, while major shareholder Cronimet Asia converts a US$3 million offtake prepayment into equity, strengthening the company’s capital position.

Tungsten Mining NL’s review of historic drilling at Mt Mulgine confirms significant shallow gold mineralisation, reinforcing its integrated gold-tungsten development approach. The findings highlight near-surface gold potential to offset pre-strip costs and accelerate tungsten extraction.

Trigg Minerals has acquired 100% of the Tennessee Mountain Tungsten Project in Nevada, marking a strategic expansion into critical minerals with a historically significant tungsten resource. The move aligns with rising tungsten demand and the company's goal to become a key supplier of defence metals.

EQ Resources delivered a robust Q4 FY2025 with strong tungsten output from its Spanish and Australian operations, bolstered by strategic capital raises and key plant enhancements.