Adamera Minerals Secures Tungsten Ridge Property in Washington State
Adamera Minerals has staked the Tungsten Ridge property, adding 1,360 acres to its tungsten portfolio in Washington State. This acquisition is crucial amid rising global demand and supply constraints in the tungsten market, driven by geopolitical tensions and export restrictions from China.
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Adamera Minerals Corp. has staked the Tungsten Ridge property in eastern Washington, encompassing 1,360 acres. This area is known for skarn mineralization and follows the company's acquisition of the Talisman Tungsten mine, which has historical grades of up to 5% copper and 1% tungsten.
The U.S. tungsten market faces significant challenges, with prices for Ammonium Paratungstate (APT) soaring to $2800 per MTU due to Chinese export restrictions. Demand in military applications is projected to rise by 12% in 2026.
Adamera plans to prioritize exploration on its tungsten assets to address the domestic supply crisis. The company also continues to explore additional mineral projects in British Columbia and Washington State.
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