Critical Minerals Surge: Here Are Five Companies Mining Tungsten, Copper, and Silver
Executive Summary
- GoldHaven Resources announced a $2.0 million critical‑mineral flow‑through financing (up to 7,547,170 shares at $0.265) to fund 2026 exploration work on its Magno Polymetallic Project in British Columbia.
- The company highlighted high‑grade 2025 drill and sampling results: up to 2,370 g/t Ag, 334 ppm In, 6,550 ppm W, and 15.85 % Cu at various zones, plus first‑ever gold intercepts in Brazil (39 m @ 0.11 g/t Au).
- Additional industry updates were provided for Almonty, Lundin Mining, Hecla Mining, and Foran Mining, underscoring a broader sector uplift driven by U.S. critical‑minerals funding.
Key Details
- Financing Structure: Non‑brokered private placement of up to 7,547,170 flow‑through shares at $0.265 per share; gross proceeds ≈ $2.0 M; no warrants attached.
- Use of Proceeds: Eligible Canadian exploration expenses – 3D geological modeling, target refinement, and drill planning for the Magno property through 2026.
- Magno Project Highlights (2025):
- Indium values up to 334 ppm, highest recorded in Cassiar District.
- Silver‑lead‑zinc mineralization with grab samples up to 2,370 g/t Ag; lead >20 %, zinc 19.25 %.
- Tungsten values reaching 6,550 ppm across multiple skarn zones (Kuhn and Dead Goat).
- Surface copper at Three Guardsmen Project: up to 15.85 % Cu.
- Brazil Exploration:
- Copeçal West Target – first drilling returned 39 m @ 0.11 g/t Au from 58 m depth; all four holes intersected anomalous gold.
- Hole COPE‑PDH‑006: 7 m @ 0.46 g/t Au, including 1 m @ 1.21 g/t Au.
- Prior East Target diamond drilling (1,085.7 m) discovered bornite indicating a potential gold‑copper system.
- Project Scale: GoldHaven now controls 133,186 ha across BC and Brazil; Magno sits ~3 km south of historic Cassiar camp with highway access.
- Technical Support: All projects backed by a comprehensive NI 43‑101 Technical Report.
Notable Quotes
“Our 2025 program delivered several milestones… This financing allows us to complete 3D targeting and advance toward 2026 drilling.” – Rob Birmingham, CEO, GoldHaven Resources
Industry Snapshots (brief):
- Almonty Industries: Transitioned Sangdong Tungsten Mine to production; raised ~$219 M in 2025 offerings.
- Lundin Mining: JV study for Vicuña project forecasts 400,000 t Cu, 700,000 oz Au, 22 M oz Ag annually over 25 yr; credit facility upsized to $4.5 B.
- Hecla Mining: FY2025 record revenue >$1.4 B, net income $321 M, adjusted EBITDA $670 M, free cash flow $310 M; plans to double 2026 exploration spend to $55 M.
- Foran Mining & Eldorado Gold: $3.8 B combination to accelerate McIlvenna Bay copper‑zinc project, targeting mid‑2026 production.