Terra Critical Minerals (T92.AX) has now acquired full ownership of the True American tungsten project, located in Nevada. This was a dormant project as the last known exploration activities occurred in the mid-1940s, when a historical sampling program returned grades that even reached double digit percentages.
While this is a known deposit, it’s now up to Terra Critical Minerals to see if it can reach critical mass on the project. The company has outlined its approach in the bullet points here below:
Subsequent to announcing the acquisition, the company announced it had doubled the size of its True American project, which now spans approximately 1,130 acres. A surface sampling program has returned some higher grade samples which strengthens the company’s belief that it makes sense to commence a systematic exploration approach.
Disclosure: The author has no position in Terra Critical. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
