Pre-IPO C$5 million private placement at C$0.50 per share
World class Tungsten resource - mine restart
Vital element for Western defence - 85% of supply is controlled by China - price hit a record $220,000/tonne (up 5 times in the last 12 months)
Company valued at just C$125 million pre-money
Initial production target of 1,000 tonnes/year, ramping to 4,000 tonnes within 2-3 years - mine on track for first shipment of Tungsten in June 2026
Nearby publicly listed Tungsten peer with 2,300 tonnes/year target has a C$3.5 billion valuation
Public listing planned in Canada H1 2026
Offer closes March 18, 2026
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