Global Tactical Metals stakes historical Nevada tungsten mines
Tungsten is a critical metal prized for its strength, granting it an over US$5 billion market supported by key roles in the production of armor, ammunition, heavy machinery, semiconductors and EV batteries
Global Tactical Metals acquires, explores and advances mineral properties prospective for resources critical to North American interests
Global Tactical Metals stock last traded at C$0.035
Global Tactical Metals (CSE:MONI) has staked new claims in the Minerva district near Shoshone, Nevada, granting investors exposure to numerous historical tungsten mines. Tungsten is a critical metal prized for its strength, granting it an over US$5 billion market supported by key roles in the production of armor, ammunition, heavy machinery, semiconductors and EV batteries.
The Minerva district, founded in 1869 after a silver discovery, only yielded tungsten in 1915, intermittently mining the critical metal into the mid-20th century. Tungsten Metals produced 112,000 tons of ore from 1916 to 1945, yielding over 85,000 units of tungsten trioxide (WO₃) representing about 1.35 million pounds of tungsten (W).
Tungsten mines present on Global Tactical Metals' new claims include the Silver Bell, Zig Zag, Hilltop and Tony, each following known vein systems. Silver Bell is a highlight among this group, with the U.S. Bureau of Mines completing almost 10,000 feet of drilling across 42 drillholes between 1941 and 1943, hitting up to 2.40 per cent WO 3 over 9 feet.
The company will undertake a field program on the new claims, including geological mapping, geochemical sampling and target delineation, with plans to finalize drill-ready targets in 2025. Leadership insights
'The Minerva project represents an exciting opportunity for Global Tactical Metals to revisit a historically productive but underexplored tungsten district with modern exploration techniques,' Kelly Abbott, Global Tactical Metals' chief executive officer, said in a statement. 'With strong historic grades, well-documented geology and favorable topography, we believe this project has significant potential to contribute to domestic critical mineral supply.'
Global Tactical Metals acquires, explores and advances mineral properties prospective for resources critical to North American interests. The company owns properties in Canada and the United States with a focus on antimony and tungsten, the former commanding a multi-billion-dollar market of its own.
Global Tactical Metals stock (CSE:MONI) last traded at C$0.035.
Join the discussion: Find out what everybody's saying about this critical metals stock on the Global Tactical Metals Corp. Bullboard and check out Stockhouse's stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
(Top image, generated by AI: Adobe Stock)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CBC
2 hours ago
- CBC
U.S., EU strike trade deal that puts 15% tariffs on European goods
The United States has struck a framework trade deal with Europe, U.S. President Donald Trump announced on Sunday. The deal includes a 15 per cent tariff on EU goods entering the U.S. and significant EU purchases of U.S. energy and military equipment.
Canada News.Net
3 hours ago
- Canada News.Net
Starmer, Modi hail long-sought India-UK free trade deal
LONDON, U.K.: In a significant step forward for post-Brexit Britain and rising global power India, Prime Ministers Keir Starmer and Narendra Modi on July 24 concluded a long-awaited free trade agreement that will dramatically reduce tariffs on key goods and deepen economic and strategic cooperation between the two countries. The signing took place at Chequers, the British Prime Minister's official country residence, where trade ministers Jonathan Reynolds of the U.K. and Piyush Goyal of India formalized the pact. The deal, years in the making, was hailed as a turning point in bilateral relations and a symbol of renewed ambition on both sides. Starmer described it as "the most substantial and economically transformative trade agreement" the United Kingdom has entered into since its departure from the European Union in 2020. Modi, echoing the sentiment, called it "a historic day" in India–U.K. relations. Alongside the trade pact, the two nations unveiled nearly six billion pounds (US$8 billion) in new commercial and investment commitments across strategic sectors such as artificial intelligence, aerospace, dairy, and clean energy. Both leaders pledged closer collaboration in defense, climate action, healthcare, and migration policy. The deal, which still requires ratification by the British Parliament, has been in negotiation since early 2022. Talks were launched initially under then-Prime Minister Boris Johnson, who ambitiously promised a conclusion by the Diwali festival that year. However, negotiations saw multiple delays under the former Conservative government, only gaining new momentum after the 2024 elections, which saw Modi win re-election and Labour come to power under Starmer. Under the agreement, India's average tariff on British exports will drop sharply from 15 percent to three percent. Notably, tariffs on Scotch whisky and English gin — long a sticking point — will be cut in half from 150 percent to 75 percent, and gradually reduced to 40 percent over a decade. Automotive tariffs, which currently exceed 100 percent, will fall to 10 percent under a tariff-rate quota system. The U.K. projects that the deal will boost bilateral trade by 25.5 billion pounds ($35 billion) annually by 2040 and inject nearly five billion pounds ($6.8 billion) a year into the British economy. Meanwhile, India's Trade Ministry has stated that 99 percent of Indian exports, including textiles, leather goods, and food items, will be granted duty-free access to the U.K. market. Beyond the numbers, the agreement underscores a renewed political and cultural closeness. Nearly two million people of Indian origin live in the U.K., a legacy of deep historical ties dating back to the colonial era, which ended in 1947. Starmer emphasized that shared heritage and people-to-people connections provide a strong foundation for a modern partnership. "The U.K. and India have unique bonds of history, of family and of culture," he said. "This deal marks the beginning of a new chapter — ambitious, modern, and built for the future." With a nod to the cricket rivalry currently playing out between the two nations, Modi added a lighthearted metaphor: "Cricket is a great symbol of our partnership. There may be a swing and a miss at times, but we always play with a straight bat. Together, we are building a high-scoring, enduring alliance." The agreement is seen not just as a bilateral milestone, but as a signal of Britain's growing pivot toward the Indo-Pacific and India's emergence as a central player in global trade diplomacy.
CTV News
13 hours ago
- CTV News
Eric Ham: China's record purchases of Canadian crude could be a harbinger of more deals to come
Eric Ham on U.S. President Donald Trump saying a deal may not happen ahead of the August 1 deadline and Canada may be forced to 'just pay tariffs.'
