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Tungsten Mining News

7 articles about tungsten mining

Traxys and Abenójar sign El Moto tungsten offtake deal

Traxys Europe and Abenójar Tungsten S.A. have formalized an exclusive, long-term offtake agreement for tungsten concentrate from Spain's El Moto project. This significant deal, announced on October 8, 2026, secures a vital supply of critical raw materials for global industries for at least ten years post-production commencement, directly addressing increasing concerns over global tungsten supply chain resilience, particularly given China's dominant market share and intensifying export controls. The El Moto project, designated as "strategic" under the EU Critical Raw Materials Act, is set to begin production in Q1 2029, with a forecast of over 4,000 tonnes per annum of contained tungsten trioxide.

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BLM approves seven new drill pads for Spartan Metals in Nevada

Spartan Metals has received crucial approval from the U.S. Bureau of Land Management (BLM) for seven new drill pads at its Tungstonia Claims, part of the Eagle Tungsten-Silver-Rubidium Project in Nevada's White Pine County. This expansion brings the total authorized drill sites to 32, strategically chosen based on advanced geophysical surveys to target deep extensions of known vein systems and new mineralization styles, enhancing the project's potential in the critical minerals sector. The move underscores Spartan's data-driven exploration approach and Nevada's role in bolstering domestic mineral supply chains.

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Elmet to buy 4.99% interest in Masan High-Tech Materials for $2.5bn

The Elmet Group, a leading US-based supplier of tungsten alloys, has announced a significant strategic investment to acquire a 4.99% equity stake in Vietnam’s Masan High-Tech Materials for an implied valuation of $2.5 billion. This transaction, expected to close in early October 2026, is complemented by multi-year agreements that commit Masan High-Tech Materials to supply 1,250 tonnes per annum of tungsten trioxide-equivalent products to the US market for eight years, valued at an estimated $1.5 billion in gross revenue. This alliance is poised to strengthen American critical material supply chain security and industrial resilience, leveraging Masan's integrated mining and refining capabilities.

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Almonty and Sandvik’s WBH sign Spanish tungsten supply deal

Almonty Industries has secured a multi-year, take-or-pay offtake agreement with Sandvik Group subsidiary Wolfram Bergbau und Hütten (WBH) for tungsten concentrate from the reprocessing of tailings at its Los Santos Mine in western Spain. This strategic deal, involving a conditional $3 million payment from WBH, aims to restart operations at the mine, providing critical EU-origin tungsten feedstock ahead of new US defense procurement regulations taking effect in January 2027. The agreement highlights a growing industry focus on supply chain provenance and resource recovery through reprocessing.

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Tungsten West to relaunch Hemerdon mine by early 2027

Tungsten West is set to relaunch its Hemerdon tungsten mine in Devon, England, targeting full-scale production by the first quarter of 2027. This restart, supported by a significant investment from the UK's National Wealth Fund, will leverage advanced TOMRA XRT ore sorting technology to optimize processing and reduce environmental impact. The project aims to provide a critical non-Chinese source of tungsten for European markets, addressing growing demand and strategic supply chain concerns.

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Springer Tungsten Complex secures $150m–175m funding

Blue Moon Metals, The Elmet Group (TEG), and EQ Resources have committed $150 million to $175 million to revitalize the Springer Tungsten Complex in Imlay, Nevada, a strategic move to bolster the US tungsten supply chain. This substantial investment establishes a joint venture for the ammonium paratungstate (APT) plant, with Blue Moon retaining control of the mine and mill, and sets ambitious timelines for restarting operations by late 2027 and mid-2028. The initiative underscores a critical effort to secure domestic supply of a vital industrial metal.

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Almonty enters into tungsten partnership with Rwanda Government

Almonty Industries has finalized a significant partnership with the Government of Rwanda, establishing Almonty Rwanda, a new entity focused on tungsten collection and export. This strategic alliance sees Rwanda acquiring a 25% stake, contributing the Shyorongi exploration concession and a mineral processing license, while Almonty retains 75%. The initiative, spurred by US diplomatic efforts, aims to modernize Rwanda's tungsten supply chain, enhance traceability, and leverage existing small-scale mining output, setting the stage for broader critical minerals development in the region.

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