Company highlights recent progress across US-focused tungsten platform and introduces Stocktwits as a complementary channel for general company updates
Western Star Resources Company (Private search engine: WSR) (Over-the-counter: WSRIF) (FRA: 4K2) (the “Company” or “Western Star”) is pleased to provide shareholders with a Company update following a period of significant activity across the Company’s critical minerals platform.
Western Star would like to thank its shareholders for their continued support. The company has issued a number of recent updates, and management believes this is a good time to help interested shareholders and investors better understand how these developments tie together, what has been accomplished, and where the company is focused as it moves forward.
Over the past few months, Western Star has advanced its strategy to build a U.S.-focused tungsten platform at a time when tungsten continues to receive increasing attention as an important metal for defense, aerospace, energy and advanced manufacturing applications.
The company’s recent progress includes:
- Closing of an oversubscribed private placement and in-stream financing to support exploration and development, working capital and market awareness initiatives;
- Expansion and development of the Roland Tungsten property in Elko County, Nevada, including completion of the first phase of exploration and state-of-the-art magnetic geophysical surveying using unmanned aerial vehicles;
- Drilling permit work begins in Rowland with participation from KC Harvey Environmental, LLC;
- Acquire and define an exploration program for the White Star Tungsten Project, located adjacent to Rowland, creating a broader area-wide exploration opportunity in the Jarbidge-Charleston tungsten zone in Nevada;
- Acquisition of a 100% interest in the formerly producing Eagle Point tungsten mine in New Mexico, expanding the Company’s growing portfolio of formerly producing US tungsten assets; and
- Submission of an order in response to a request from the US Defense Industrial Base Consortium related to the supply of critical strategic minerals.
Blake Morgan, President and CEO of Western Star, said, “Western Star has gone through a very active period, and we believe recent developments are tied to one clear strategy: building a meaningful, U.S.-focused tungsten platform around past producing assets, recent exploration, and the growing need for significant, reliable domestic mineral supplies. We appreciate the continued support of our shareholders as we move forward with this strategy. The Company will have news regarding drilling permits, first drilling programs, and testing from existing exploration programs over the next few weeks.”
In Rowland, the company recently completed the first phase of exploration, including drone geophysics, soil geochemistry, rock chip sampling, and field examination of historical workings. The company also announced results from a high-resolution UAV magnetic survey, which will be combined with pending Phase 1 test results to support the design of the Phase 2 exploration program and optimize potential drilling targets.
The acquisition of the White Star Tungsten Project adds an adjacent property containing historic tungsten-molybdenum skarn mineralization and allows the company to evaluate Rowland and White Star as part of a broader area-wide exploration model. Western Star believes that the proximity of the two projects may provide advantages in logistics, exploration efficiency and drilling targeting in the future.
The company’s recent acquisition of the former Eagle Point Tungsten Mine in New Mexico expands Western Star’s U.S. tungsten portfolio. Eagle Point provides exposure to another historic tungsten zone with documented past production, surface mineralization and untested exploration targets.
Mr. Morgan continued, “Our goal is to move beyond isolated announcements and help shareholders see the bigger picture. We are working to build a portfolio of previously producing U.S. tungsten assets, develop state-of-the-art exploration data sets, prepare for drill targeting, and position Western Star within the broader discussion of critical minerals.”
Official StockTwits account
Western Star is also pleased to announce the launch of its official Stocktwits account as a complementary communication channel for interested shareholders and investors.
Interested shareholders and investors are encouraged to follow Western Star Resources on Stocktwits at @WesternStarResources.
The Company intends to use Stocktwits to share links to company newsletters, public updates, interviews, investor awareness content and other publicly available information.
The Company’s Stocktwits account is intended to complement, not replace, Western Star’s official disclosure channels, including newsletters, regulatory filings and the Company’s website. The Company does not intend to provide investment advice, target prices, or recommendations to buy or sell securities through Stocktwits.
Investors should continue to review the Company’s official newsletters, filings and website for complete information regarding Western Star’s business, exploration activities, risks and company updates.
About Western Star Resources
Western Star Resources is a mineral exploration startup focused on revitalizing North America’s tungsten supply. The Company is enhancing its entry into the US market through previously producing tungsten assets in historically significant mining areas and positioning itself to participate in the growing need for secure domestic critical mineral supplies.
For more information, please visit www.westernstarresources.com.
Contact information
Blake Morgan
President, CEO and Director
Email: (email protected)
Forward-looking information
Certain statements in this press release may constitute forward-looking information within the meaning of applicable securities laws. Forward-looking information may include, but is not limited to, statements regarding the Company’s exploration plans, permitted activities, future work programs, potential drilling targets, significant mineral strategy, use of social media platforms, and expectations regarding development of the Company’s properties.
Forward-looking information is based on management’s current expectations, estimates, projections and assumptions and is subject to a number of risks and uncertainties. Actual results may differ materially from those expressed or implied by such forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking information.
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.
