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M&A / Property

Makenita Resources More than Doubles Its Landholdings in the Sisson West Tungsten Project in New Brunswick, Canada

By The Northwire Desk — AI Analysis Dec 04, 2025 · 03:02 KENY · 0.095 Makenita Resources Inc.
KENY · Price

Executive Summary

  • Makenita Resources Inc. more than doubled its landholdings on the Sisson West Tungsten Project to approximately 9,400 contiguous acres in New Brunswick.
  • The expanded property directly borders the Sisson Tungsten Mine, which was recently designated a “Nation‑Building Project” by the Prime Minister of Canada.
  • Management highlights the recent surge in tungsten prices (up >100% year‑to‑date) and anticipates an active 2026 with further project development.

Key Details

  • Acreage Increase: Total contiguous land now ~9,400 acres prospective for tungsten, representing a >100 % increase over prior holdings.
  • Acquisition Method: New acreage acquired via staking (no cash transaction disclosed).
  • Strategic Location: Property borders the Sisson Tungsten Mine, recently named a “Nation‑Building Project” by Prime Minister Mark Carney on 13 Nov 2025.
  • Market Context: Tungsten price has risen more than 100 % year‑to‑date according to Fastmarkets data cited in the release.
  • Management Outlook: President/CEO Jason Gigliotti expects “a very active 2026” and strong corporate growth, citing price environment, proximity to a flagship mine, and low share count (~30 M shares).
  • Qualified Person: Technical disclosure reviewed and approved by Frank Bain, P.Geo., qualified under NI 43‑101.

Notable Quotes

“We are very pleased to more than double our footprint on the ‘Sisson West Tungsten Project’ at a time when the price of tungsten is near year highs… management feels that Makenita is shaping up to have a very active 2026.” – Jason Gigliotti, President & CEO

Materiality Assessment: Non‑Material – Positive (the announcement expands land position but does not disclose immediate revenue or earnings impact).

Read the original news release →

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