Original News Release
Western Star enters LOI to acquire Real American Corp.
Mr. Blake Morgan reports
WESTERN STAR SIGNS LETTER OF INTENT TO ACQUIRE REAL AMERICAN CORP, ADVANCING U.S. CRITICAL MINERALS STRATEGY
Western Star Resources Inc. has entered into a letter of intent to acquire The Real American Corp., a Nevada-based company with high-grade, past-producing tungsten projects in one of the most prolific mining districts in the United States.
This LOI represents the next phase of Western Star's U.S. expansion strategy, following the recently announced memorandum of understanding with The Real American Corp. The planned acquisition positions Western Star to become a key player in re-establishing U.S. production of tungsten -- a mineral classified as critical to national security by the U.S. Department of Defence, Department of Energy and U.S. Geological Survey.
Why Real American Corp. is a strategic asset:
Critical mineral status: Tungsten is indispensable for the defence, aerospace, energy and semiconductor industries. The United States currently has no domestic commercial production, making it highly dependent on imports, with approximately 85 per cent of global supply controlled by China.
High-grade potential: Real American Corp. holds projects from historic past producers to early-stage high-grade tungsten projects with grades up to 5.12 per cent WO, significantly higher than the North American average (approximately 0.3 per cent WO3).
Brownfield advantage: The properties are road accessible, past-producing and located in Nevada's Tobin and Sonoma range, near the historic Springer tungsten mine.
Exploration upside: Identified in the 1940s, these projects have proved mineralization but remain majority underexplored. Modern exploration techniques, geophysics and drilling present significant potential to expand resources.
Alignment with U.S. policy: Recent executive orders prioritize fast-tracking domestic tungsten projects, with federal grants and defence-sector support available for qualifying assets.
"Securing a domestic source of tungsten is not just a business opportunity. It's a matter of national importance," said Blake Morgan, chief executive officer of Western Star. "The acquisition of Real American Corp. aligns perfectly with Western Star's mission to deliver value to shareholders while supporting U.S. government priorities to strengthen domestic supply chains for critical minerals."
Through this LOI, Western Star and Real American Corp. will work toward completing due diligence and negotiating a definitive agreement in the coming months. The acquisition is expected to provide Western Star with cornerstone assets in Nevada, expanding its U.S. land bank of critical mineral projects and strengthening its role in advancing America's resource independence.
About Western Star Resources Inc.
Western Star is a resource exploration company advancing its flagship gold and silver project in Canada while expanding into the United States with a focus on strategic critical minerals. With a commitment to responsible exploration and development, the company is building a portfolio of assets aligned with U.S. government priorities to secure domestic supplies of minerals essential for defence, energy and advanced manufacturing.
We seek Safe Harbor.
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