Mr. Blake Morgan
reports
WESTERN STAR RESOURCES PROVIDES CORPORATE UPDATE AND ANNOUNCES OFFICIAL STOCKTWITS ACCOUNT
Western Star Resources Inc. has provided shareholders with a corporate update following a period of significant activity across the company's critical minerals platform.
Western Star would like to thank its shareholders for their continued support. The company has issued a number of recent updates, and management believes this is an appropriate time to help shareholders and interested investors better understand how these developments tie together, what has been accomplished, and where the company is focused as it moves forward.
Over the past several months, Western Star has advanced its strategy of building a U.S.-focused tungsten platform at a time when tungsten continues to receive increased attention as a critical mineral for defence, aerospace, energy and advanced manufacturing applications.
The company's recent progress includes:
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Closing an oversubscribed private placement and flow-through financing to support exploration, development, working capital and market awareness initiatives;
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Expanding and advancing the Rowland tungsten property in Elko county, Nevada, including the completion of phase 1 exploration and a modern UAV (unmanned aerial vehicle) magnetic geophysical survey;
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Initiating drill-permitting work at Rowland through the engagement of KC Harvey Environmental LLC;
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Acquiring and outlining an exploration program for the White Star tungsten project, located adjacent to Rowland, creating a broader district-scale exploration opportunity in the Jarbidge-Charleston tungsten area of Nevada;
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Acquiring a 100-per-cent interest in the past-producing Eagle Point tungsten mine in New Mexico, further expanding the company's growing portfolio of past-producing U.S. tungsten assets;
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Submitting an application in response to a solicitation from the U.S. Defense Industrial Base Consortium related to the supply of strategic critical minerals.
Blake Morgan, president and chief executive officer of Western Star, stated:
"Western Star has had a very active period, and we believe the recent developments are connected by one clear strategy: building a meaningful U.S.-focused tungsten platform around past-producing assets, modern exploration and the growing need for reliable domestic critical mineral supply. We appreciate the continued support of our shareholders as we advance this strategy. The company will have news regarding its drill permits, maiden drill programs and assays from current explorations programs over the next few weeks."
At Rowland, the company recently completed phase 1 exploration, including UAV geophysics, soil geochemistry, rock-chip sampling and field checking of historical workings. The company also reported results from its high-resolution UAV magnetic survey, which will be integrated with pending phase 1 assay results to support the design of a phase 2 exploration program and refine potential drill targets.
The acquisition of the White Star tungsten project adds an adjacent property with historical tungsten-molybdenum skarn mineralization and allows the company to evaluate Rowland and White Star as part of a broader district-scale exploration model. Western Star believes the proximity of the two projects may provide advantages related to logistics, exploration efficiency and future drill targeting.
The company's recent acquisition of the past-producing Eagle Point tungsten mine in New Mexico further expands Western Star's U.S. tungsten portfolio. Eagle Point provides exposure to another historical tungsten district with documented past production, surface mineralization and untested exploration targets.
Mr. Morgan continued:
"Our goal is to move beyond isolated announcements and help shareholders see the larger picture. We are building a portfolio of past-producing tungsten assets in the United States, advancing modern exploration data sets, preparing for drill targeting and positioning Western Star within the broader critical minerals discussion."
Official Stocktwits account
Western Star is also pleased to announce the launch of its official Stocktwits account as a supplemental communication channel for shareholders and interested investors.
Shareholders and interested investors are encouraged to follow Western Star Resources on Stocktwits at @WesternStarResources.
The company intends to use Stocktwits to share links to company news releases, public updates, interviews, investor awareness content and other publicly available information.
The company's Stocktwits account is intended to supplement and not replace Western Star's formal disclosure channels, including news releases, regulatory filings and the company's website. The company does not intend to provide investment advice, price targets, or recommendations to buy or sell securities through Stocktwits.
Investors should continue to review the company's official news releases, filings and its website for complete information regarding Western Star's business, exploration activities, risks and corporate updates.
About Western Star Resources
Inc.
Western Star Resources is an emerging junior mineral exploration company focused on revitalizing North America's tungsten supply. The company is advancing its entry into the U.S. market through past-producing tungsten assets in historically important mining districts and is positioning itself to participate in the growing need for secure domestic critical mineral supply.
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