30-04-2025
- Business
- The Market Online
Global Tactical Metals stakes historical Nevada tungsten mines
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
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)
