Vault Strategic to Acquire 100% of Three Historical Tungsten Mines in Nevada
KNXFF has more than doubled off its 52-week low of $0.075 on elevated volume (3.0× avg).
Summary
Vault Strategic Mining Corp. (KNXFF) has entered into an agreement to acquire a 100% interest in the War Bond Project, encompassing three historical tungsten mines (War Bond, Tactite, and Thursday) in Nevada. This acquisition is a highly strategic move, significantly expanding the company's North American tungsten and critical minerals portfolio. The project includes 20 unpatented lode mining claims across approximately 400 acres, with historical records indicating scheelite-bearing tungsten mineralization. Vault Strategic plans to consolidate historical data, conduct field validation, and design an exploration program to identify future drill targets. This development positions the micro-cap company to advance its critical mineral assets.
At the time of this announcement, KNXFF was trading at $0.34 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $3.2M. The 52-week trading range was $0.08 to $1,226.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: TheNewswire.