Western Star uncovers "strong" historical data in DD

Executive Summary

• Western Star Resources reports strong historical tungsten data from its due‑diligence review of The Real American Corp., indicating high‑grade potential (up to 5.12 % WO).
• The company expects to finish full due diligence within 20 days and move toward a definitive agreement to acquire the Nevada asset.
• The acquisition aligns with U.S. critical‑minerals strategy, positioning Western Star to benefit from domestic supply‑chain initiatives and potential government support.

Key Details

• Historical Assays: Samples show up to 5.12 % WO, far above the North American average of ~0.3 % WO₃.
• Past Production: The Real American site includes adits and test pits with tungsten production dating back to the 1940s.
• Location Advantage: Situated in Nevada’s Tobin and Sonoma Ranges near the historic Springer tungsten mine; region recognized by USGS for tungsten‑bearing skarn deposits.
• Exploration Upside: Multiple underexplored outcrops and mineralized zones remain open, offering potential to expand resources via modern geophysics and drilling.
• Timeline: Full due‑diligence completion expected within the next 20 days; subsequent steps aim at a definitive acquisition agreement.
• Strategic Fit: Asset complements Western Star’s flagship gold/silver project in Canada and supports U.S. efforts to rebuild domestic critical‑minerals supply chains, especially for defense and advanced manufacturing.
• Market Context: No U.S. commercial tungsten production since 2015; ~85 % of global supply originates from China, creating a strategic opportunity for domestic producers.

Notable Quotes

“The initial due diligence confirms our view that The Real American Corp. represents a unique and timely opportunity,” said Blake Morgan, CEO of Western Star. “This asset not only complements our flagship drill‑permitted green metals project in Canada but also positions us at the heart of U.S. efforts to rebuild domestic supply chains for critical minerals.”