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Financings Material +

Critical Minerals Surge: Here Are Five Companies Mining Tungsten, Copper, and Silver

By The Northwire Desk — AI Analysis Feb 19, 2026 · 10:15 FOM · 7.15 FORAN MINING CORPORATION J
FOM · Price

Executive Summary

  • GoldHaven Resources announced a $2.0 million critical‑mineral flow‑through financing (up to 7,547,170 shares at $0.265 each) to fund 2026 exploration on its Magno Polymetallic Project in British Columbia.
  • The company highlighted 2025 drill and sampling results: up to 2,370 g/t silver, 6,550 ppm tungsten, and 15.85 % copper at surface, plus first‑ever gold intercepts in Brazil (39 m @ 0.11 g/t Au).
  • Additional industry news included Almonty’s production start at Sangdong, Lundin’s Vicuña study results, Hecla’s record 2025 financial performance, and Foran’s $3.8 billion combination with Eldorado Gold.

Key Details

  • Financing Structure: Non‑brokered private placement of up to 7,547,170 flow‑through shares at $0.265 per share; no warrants issued.
  • Gross Proceeds: Approximately $2.0 million CAD, earmarked for eligible Canadian exploration expenses qualifying as critical‑mineral flow‑through expenditures.
  • Use of Proceeds: 3D geological modeling, target refinement, and drill planning on the Magno property through 2026.

2025 Exploration Highlights – Magno Project (BC, Canada) * 357 grab samples: silver grades up to 2,370 g/t; tungsten values up to 6,550 ppm across multiple skarn zones.
High‑grade copper at Three Guardsmen Project: surface sample of 15.85 % Cu.
 Indium values reached 334 ppm – highest recorded in the Cassiar District.

Brazil Exploration Highlights * Copeçal West Target: first drill hole returned 39 m @ 0.11 g/t Au from 58 m depth (unweathered rock).
* 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.

Corporate Footprint * GoldHaven now controls 133,186 ha across British Columbia and Brazil, with Magno located ~3 km south of historic Cassiar mining camp and accessible via Highway 37.
* All projects supported by a comprehensive NI 43‑101 Technical Report.

Notable Quotes

“Our 2025 program delivered several milestones with indium values up to 334 ppm, the highest recorded in the Cassiar District… This financing allows us to complete 3D targeting and advance toward 2026 drilling.” – Rob Birmingham, CEO, GoldHaven Resources

Additional Industry Updates (brief)
Almonty Industries: First ore truck delivered at Sangdong Tungsten Mine (Dec 2025); raised ~$219 M in 2025 offerings for ramp‑up.
 Lundin Mining: Vicuña JV study projects 400,000 t Cu, 700,000 oz Au, 22 M oz Ag annually over 25 years; credit facility upsized to $4.5 B.
Hecla Mining: FY‑2025 record revenue >$1.4 B (+53% YoY); net income $321 M; plans to double 2026 exploration spend to $55 M.
 Foran Mining & Eldorado Gold: Announced $3.8 B combination to accelerate McIlvenna Bay copper‑zinc project, targeting mid‑2026 production.

Read the original news release →

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Production / Operations