Northwire Canada EditionTuesday, July 14, 2026
Northwire
WDO 26.04 −0.9% FVI 11.84 −1.6% OM 1.75 −1.7% ETG 2.99 +0.0% ARTG 31.47 −4.6% LUC 0.163 +1.6% AFM 1.38 +0.0% IMG 20.95 −3.5% CPAU 0.150 +3.5% MMX 0.075 +7.1% IE 12.47 −2.4% SASK 1.09 −1.8% MOG 0.390 +2.6% XIM 0.070 −6.7% S 0.110 −29.0% OMI 0.300 −4.8% WDO 26.04 −0.9% FVI 11.84 −1.6% OM 1.75 −1.7% ETG 2.99 +0.0% ARTG 31.47 −4.6% LUC 0.163 +1.6% AFM 1.38 +0.0% IMG 20.95 −3.5% CPAU 0.150 +3.5% MMX 0.075 +7.1% IE 12.47 −2.4% SASK 1.09 −1.8% MOG 0.390 +2.6% XIM 0.070 −6.7% S 0.110 −29.0% OMI 0.300 −4.8%
M&A / Property Material +

Western Star Resources Consolidates the Past Producing Jarbidge-Charleston Tungsten Complex in Elko, Nevada, USA.

Western Star stitches together Nevada tungsten district, luring U.S. defense interest ahead of 2027 procurement cliffs

Executive Summary

The most recent news (May 19, 2026) announces the acquisition of the White Star Tungsten Project in Elko County, Nevada. This is a past-producing tungsten-molybdenum skarn property directly adjacent to Western Star’s existing Rowland Tungsten Project. The consideration is $70,000 cash, 3,000,000 common shares, and a 1% Net Smelter Return (NSR) royalty. The purchase consolidates the Jarbidge and Charleston Mining Districts, giving Western Star a continuous, district-scale tungsten footprint over more than 6 km of prospective horizons. Historical production from the White Star complex totaled ~10,000 tons at grades of ~1.0% WO₃ in 1954 and ~0.5% WO₃ in 1956. The company plans surface sampling, prospecting, systematic evaluation, and a potential extension of a UAV magnetic survey across the combined property in 2026.

Material Impact

The acquisition is a positive, material step that transforms Western Star from a single-project explorer into the dominant player in a historic tungsten district. By adding the White Star ground, the company more than doubles its overall strike length and consolidates logistics, exploration programs, and permitting under one roof. The timing is favorable: tungsten prices have soared from ~$600 to over $3,000/MTU since the company first entered the Rowland deal, and the U.S. Defense Industrial Base Consortium is actively seeking non-China tungsten supply. The incremental dilution (3 million shares) is modest relative to the expanded resource potential. However, this is an expected follow-on to the earlier Rowland expansion and the aggressive staking campaign—it is not a transformational asset buyout by a strategic investor or a game-changing offtake agreement. Therefore, while decidedly positive and value-accretive, the news is material positive but not a “game changer.”

WSR · Price
Company Overview

Western Star Resources is a junior exploration company focused on tungsten, a U.S.‑designated critical mineral. Its flagship is the Rowland Tungsten Property in the Jarbidge Mining District of Elko County, Nevada. The property is road‑accessible, has historical production (1943‑1956) grading up to 3.38% WO₃, and features skarn mineralization over a 2 km strike. LiDAR and modern fieldwork have identified >17 historical workings. With the addition of the White Star project, the company now controls a contiguous district covering both the Jarbidge and Charleston districts. Western Star also holds the Western Star Project in British Columbia (Au, Ag, Cu), but the Nevada tungsten assets are the primary value driver.

Read the original news release →

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