Tungsten Supply Crunch: Western Star Resources Mobilizes Modern Exploration in Nevada
WSRIF has more than doubled off its 52-week low of $0.031 on elevated volume (3.8× avg).
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.