Latest Tungsten Supply News

EQ Resources delivered a breakout quarter with A$79 million revenue and A$22.5 million operating cash flow, driven by a 176% production surge at Mt Carbine and soaring tungsten prices. The company greenlit a major expansion to double crushing capacity, targeting commissioning in Q3 FY2027.

Nelson Resources has pinpointed four key exploration targets at its Cinnamon Tungsten Property in Nevada, highlighting Ophir as a near-surface priority with strong alteration and a newly mapped quartz monzonite intrusion. Positioned next to Guardian Metal Resources’ Pilot Mountain project, the company plans immediate fieldwork to advance these prospects.

Almonty Industries will delist from the Toronto Stock Exchange by July 31, 2026, focusing its trading exclusively on Nasdaq to streamline costs and align with where most activity occurs.

Dr Andrew Forrest's investment vehicle has acquired a significant 16.8% stake in EQ Resources from Oaktree, marking a shift from financial to strategic ownership in the leading western tungsten producer.

EQ Resources has appointed Dr Mark Lindsay as General Manager Discovery and Growth, aiming to accelerate exploration and resource expansion at its Australian and Spanish tungsten projects.

Almonty Industries has extended and expanded its tungsten offtake agreement with Global Tungsten & Powders, raising contracted volumes by 40% and expected annual revenue by US$30 million at current prices.

EQ Resources reported FY26 tungsten production of 1,189 tonnes WO3 and is advancing major expansion projects at its Mt Carbine and Barruecopardo mines to more than triple output amid tightening global supply.

Stelar Metals has revealed multiple rock chip assays exceeding 1% WO3 at its Hill of Leaders Project, marking a significant new tungsten discovery in the Northern Territory. The company is fast-tracking drilling to test the system's scale amid tightening global tungsten supply.

Almonty Industries has been added to the Russell 1000 and 3000 indexes, marking a key milestone in its market capitalization growth and enhancing its visibility among institutional investors.

The Elmet Group has exercised its option to acquire 20 million shares in EQ Resources, lifting its stake to over 23.6 million shares and reinforcing a strategic partnership that aligns mining and manufacturing in the Western tungsten supply chain.

Critical Resources Limited has validated a high-grade tungsten system at its Granite Creek target in New Zealand, with channel sampling returning 16.63% WO₃ true width. The results underpin a clear path to drilling amid tightening global tungsten supply.

Tungsten Mining NL's Watershed Preliminary Economic Evaluation reveals a robust project with a pre-tax NPV of A$1.3 billion and a swift payback, aiming for first production by 2027 amid tightening global tungsten supply.