Latest Tungsten Market News

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.

Group 6 Metals Limited has reported record quarterly tungsten production and sales, completed a major recapitalisation reducing debt, and is transitioning from open cut to underground mining at its Dolphin Tungsten Mine.

EQ Resources Limited highlighted its growing global footprint in tungsten mining at the 2025 Noosa Mining Conference, detailing production growth, reserve expansions, and strategic funding initiatives.

Tungsten Mining NL (ASX – TGN) highlights its position as a key supplier of ethically sourced tungsten outside China, leveraging one of the world’s largest resource bases amid tightening global supply and rising prices.

Almonty Industries has successfully priced a US$90 million upsized public offering and commenced trading on the Nasdaq, positioning itself as a key tungsten supplier for U.S. defense needs.

Group 6 Metals reported a $23 million loss for H1 2024 amid operational setbacks but completed a major $81 million debt-to-equity recapitalisation, setting the stage for a strategic turnaround.

EQ Resources has successfully raised A$4 million through a strongly supported placement to fund expansion and optimization at its Mt Carbine tungsten mine, reinforcing its position amid global supply challenges.

EQ Resources Limited has successfully raised $18.8 million through a share placement, complemented by a $3 million Share Purchase Plan, to fund its tungsten mining projects and reduce debt.

Almonty Industries reports steady tungsten market conditions and completes key financing for its Sangdong Mine, while posting a $34.6 million net loss in Q1 2025. The company advances its US Domestication and plans to restart Los Santos Mine in 2026.

Group 6 Metals reported steady production at its Dolphin Tungsten Mine in Q1 2025, alongside significant progress in its recapitalisation plan and a strengthened financial position amid a tightening global tungsten market.

GWR Group is actively pursuing a transformative transaction in Western Australia while maintaining a robust cash and investment position of $53.6 million. The company underscores its confidence in tungsten amid tightening global supply.