Viscount Mining Initiates Targeted Tungsten Evaluation Program at Cherry Creek, Nevada

Viscount Mining Corp. announced the initiation of a systematic tungsten evaluation program at its Cherry Creek Project in Nevada. This effort follows a comprehensive geochemical database compilation of over 5,000 samples, which identified significant tungsten anomalies. Rock samples returned values up to 10,000 ppm W, while soil samples reached 400 ppm W.

The evaluation will proceed in four phases: geochemical synthesis, infill sampling, ground geophysics, and trenching/channel sampling for drill preparation. The company highlighted a macro tailwind, noting tungsten prices surged nearly 900% year-over-year and the U.S. government is pushing for domestic supply by January 2027.

Concurrently, the company reported the exercise of 15,576,666 warrants, generating $4,673,000 in gross proceeds. This capital injection follows the closing of an oversubscribed $5.6 million private placement in March 2026.

Viscount Mining Corp. (VML) has initiated a tungsten evaluation program, an action explicitly outlined in the company’s fully funded 2026 exploration plan announced in March 2026. The company describes the initiation of this program as an expected execution step rather than a new discovery or strategic pivot. Geochemical data collected during this phase serves as a necessary precursor to drilling, confirming the presence of high-grade anomalies but not yet defining a resource or reserve.

Additionally, Viscount Mining Corp. is exercising warrants, a routine follow-up to the March 2026 financing. While this transaction provides immediate cash, it does not represent a new financing round or a change in capital structure strategy. The market impact is expected to be incremental, reinforcing the company's exploration pipeline without altering its fundamental valuation or risk profile.

Viscount Mining Corp. is a pre-revenue exploration company focused on district-scale mineral projects in mining-friendly jurisdictions. Its flagship asset is the Silver Cliff Project in Colorado, which hosts the Kate Silver Deposit and the Passiflora Gold-Copper Porphyry target. The Kate Deposit holds a NI 43-101 compliant resource of approximately 24 million ounces of silver, with high-grade historical intercepts. The Passiflora target has shown significant potential, with drill hole PF-03A intersecting 843.9 meters of continuous gold-copper mineralization.

The company also holds the Cherry Creek Project in Nevada, a multi-system district hosting silver-gold veins, carbonate replacement deposits, and historic tungsten mineralization. Viscount Mining is transitioning from data compilation to active drilling and resource definition across all assets.