Tungsten Supply Crunch: Western Star Resources Mobilizes Modern Exploration in Nevada
Summary
Western Star Resources has commenced the first phase of its 2026 field exploration program at the Rowland Tungsten Property in Nevada. The program involves high-resolution drone magnetic surveys and property-wide soil geochemistry, with the objective of generating drill-ready targets during the 2026 field season. This operational step follows the company's recent 170% expansion of the Rowland property and successful capital raises. The exploration is strategically timed amidst a tightening U.S. tungsten supply chain, with prices up significantly due to global supply constraints and upcoming U.S. defense procurement changes. This marks a crucial move for the junior miner to advance a historically productive asset in a highly favorable market. Drone geophysical results are expected in the coming weeks, and drill permitting is progressing.
At the time of this announcement, WSRIF was trading at $0.39 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $13.9M. The 52-week trading range was $0.03 to $3.68. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.