Adamira Metals Company (TSX-V: ADZ; OTC: DNFF) (“Adamera” or the “Company”) advertises ownership of the Tungsten Ridge property in eastern Washington State. The claims cover approximately 1,360 acres in an area accessible by a system of modern logging roads. The area is rich in tungsten, copper, silver and molybdenum. This acquisition builds on the Company’s Talisman Tungsten land holdings to form the basis of a significant mineral portfolio within the USA (see Figure 1).
Tungsten Properties:
- Tungsten Ridge: The new property (currently awaiting record separation) spans 1,360 acres of land where skarn is expected to be mined. Historical data and surface sampling indicate the presence of a polymineral system (W-Cu-Ag-Mo) tested in the early 1950s for tungsten in the form of scheelite. The results of this test mining are unknown.
- TalismanTungsten: A historic mine of past production, Talisman Tungsten is a high-quality polymetallic deposit. Historical production and sampling have yielded grades of 5% copper, 103 g/t silver, and 0.35%-1.0% tungsten. Importantly, the company has developed a new target 700 meters south of the mine; Regional sampling in this area has identified a new area producing up to 0.26%W which has not yet been pursued.
“In 2025, the company considered selling the Talisman Tungsten property, but the macroeconomic landscape for tungsten has changed dramatically,” said Mark Kolibaba, CEO of Adamera Minerals. “Driven by an unprecedented surge in demand and pricing, we have instead expanded our tungsten holdings. This is exactly the type of project that Adamera is well-equipped to advance quickly. It is close to our infrastructure and operations base in Washington State. Going forward, our focus will be on developing both properties rapidly with field work expected to begin in April.”
“We have several promising gold, silver and copper projects in British Columbia and Washington State that will remain important to the company, and we also have two tungsten projects with high-volume, high-grade potential. The tungsten market is going through a historic impasse with rising prices and high demand for projects with domestic production potential in the US. We will meet this challenge through aggressive exploration campaigns to rapidly develop our tungsten assets,” Kolibaba adds.
Upcoming near-term exploration plans for both tungsten properties will be announced soon.
Figure 1. – Project locations are shown in red.
Tungsten, the base metal
Tungsten’s unique physical properties (hardness and density second only to gold and the highest melting point of any metal) make it an essential element in machinery, electronics, aircraft manufacturing and military applications. Tungsten is used as a major component in projectiles, whether bullets or missiles, and as a major component in armor plating for tanks and troop carriers. These unique physical properties mean that tungsten cannot be easily replaced by other metals or materials, making its price relatively insensitive for most uses. As a result of the wars in Ukraine and now Iran, demand for military applications is expected to increase by approximately 12% in 2026, with similar demand growth expected in the coming years.
The supply side of the market is dominated by China, producing approximately 80% of tungsten annually. In response to the US tariffs, China imposed strict restrictions on the export of tungsten products. Exports of ammonium paratungstate (APT), the main product used as a manufacturing input worldwide, fell to zero in 2025. This has placed severe constraints on the tungsten market, causing APT prices to rise significantly in recent months. As of March 26, 2025, APT prices have reached $2,800 per MTU (metric ton unit, or 10 kg), up from about $300 per MTU in early 2025. See the four-month APT price chart below, provided by Shanghai Metals Market. While restrictions on Chinese exports are blamed for supply constraints, it is believed that grades of tungsten mined in China’s large mines are also declining. These supply restrictions may continue even if the export ban is lifted. Given the sensitive nature and military end uses, China will likely prioritize domestic demand in any case. See Figure 2.
Tungsten is an important metal. Given its extensive use in industrial and military applications, Western governments are seeking to increase non-Chinese supply. The global market suffers from a structural deficit, especially in light of the strategic sensitivity to military demand, as many countries prefer local producers. In response to the supply shortage, the US military, through the Defense Industrial Bases Association, recently invited companies to submit proposals to boost domestic supplies of critical minerals, with a clear target for tungsten. High-quality tungsten deposits are rare, and mine permitting and development timelines around the world are long. While new production will help, tungsten prices are likely to remain well above historical levels for an extended period of time.
The company’s development of its tungsten real estate portfolio is in line with the current global supply crisis. Pending the record separation, Adamera will assume full control of two projects in eastern Washington state. Both projects are known to contain tungsten-bearing skarn, and management believes both have good large-scale potential. The company will prioritize exploratory spending on its tungsten assets to explore and develop them as quickly as possible.
Figure 2. Tungsten Price Chart – Tungsten ATP price, per BTU, Rotterdam. Courtesy Shanghai Metal Market
Qualified Person Martin St. Pierre, P.Geo., a qualified person as defined in National Instrument 43-101, has reviewed and approved the technical data contained in this release.
About Adamira Minerals
Adamera is developing a tungsten portfolio in Washington state to create a secure, uninterrupted domestic supply to US markets. While leading this important mineral strategy, the Company also continues to explore high-value gold, silver and copper deposits in British Columbia and Washington State. Adamera is committed to using modern technology-based exploration methodologies to efficiently discover and identify economic mineral resources and is focused on translating exploration success into tangible equity.
On behalf of the Board of Directors,
Mark Kolibaba
President and CEO
For additional information please contact:
Email: (email protected)
Website: www.Adamera.com
Phone: (604) 307-6450
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements regarding the Company’s future plans, objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all risks and uncertainties inherent in resource exploration and development. As a result, actual results may differ materially from those described in the forward-looking statements.
