Western Star Resources Announces Preliminary Due Diligence of Nevada Assets Reveals Strong Historical Data; Completion Expected Within 20 Day Advancing U.S. Critical Minerals Strategy

Executive Summary

• Western Star Resources announced that preliminary due‑diligence on The Real American Corp’s Nevada tungsten assets has revealed strong historical data, including high‑grade assays up to 5.12% WO₃.
• The company expects to complete full due‑diligence within 20 days and then move toward a definitive agreement to acquire The Real American Corp.
• The acquisition would add a historic tungsten mine and a strategically located district in Nevada, aligning with U.S. critical‑minerals policy and potentially expanding Western Star’s resource base.

Key Details

• High‑Grade Assays: Historical samples from the target property reported up to 5.12% WO₃ (North American average ≈ 0.3% WO₃).
• Past Production: The asset includes adits and test pits confirming tungsten mineralization; production dates back to the 1940s.
• Location Advantage: Situated in Nevada’s Tobin and Sonoma Range, near the historic Springer Tungsten Mine and within a USGS‑identified skarn district.
• Exploration Upside: Multiple underexplored outcrops and mineralized zones remain open; modern geophysics and drilling could expand resources.
• Timeline: Full due‑diligence to be completed within 20 days; definitive acquisition agreement anticipated shortly thereafter.
• Strategic Fit: Complements Western Star’s flagship gold/silver project in Canada and supports U.S. government initiatives to secure domestic tungsten supply for defense and advanced manufacturing.
• Market Context: No U.S. commercial tungsten production since 2015; ≈ 85% of global supply originates from China, creating potential for government support and fast‑track permitting.

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.”