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Western Star Files Application With U.S. Defense Industrial Base Consortium as Tungsten Prices Rip and the West Scrambles for Non-China Supply

$MPPress releaseMay 4, 2026, 9:00 AM ETRead the release

Western Star Resources (CSE: WSR) announced a $500,000 non-brokered private placement at $0.60 per share to fund exploration at its Rowland tungsten property in Nevada. The company also submitted an application to the U.S. Defense Industrial Base Consortium and entered a €200,000 investor relations agreement targeting European markets. These moves come as tungsten prices surge 350% year-to-date and ahead of a 2027 U.S.

Key figures

Deal Value Usd
500000
Offering Price
0.6
Shares Offered
833333
Ir fee eur
200000
Apt price usd per mtu
3185

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