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Goldhaven Resources Corp (3)
Symbol GOH
Shares Issued 94,484,670
Close 2026-09-17 C$ 0.23
Market Cap C$ 21,731,474
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Goldhaven notes $450M (U.S.) U.S. investment in Elmet

2026-09-17 20:30 ET - News Release

Mr. Rob Birmingham reports

GOLDHAVEN HIGHLIGHTS LANDMARK US$450 MILLION U.S. GOVERNMENT INVESTMENT TO SECURE TUNGSTEN SUPPLY CHAIN

Goldhaven Resources Corp. has highlighted the recent announcement of a $450-million (U.S.) U.S. government investment in The Elmet Group aimed at expanding domestic tungsten capacity and securing America's tungsten supply chain.

The landmark commitment provides another powerful indication of tungsten's growing strategic importance to national security, defence, aerospace and advanced manufacturing.

Highlights:

  • $450-million (U.S.) U.S. government investment in The Elmet Group announced to strengthen America's domestic tungsten supply chain;
  • More than 800 metres drilled at Goldhaven's historic Kuhn tungsten system in Northern British Columbia;
  • Broad skarn intervals encountered, including approximately 20 metres of skarn in the second drill hole; assays are pending;
  • Historical drilling returned 13.0 metres grading 0.55 per cent WO3 and 11.3 metres grading 0.59 per cent WO3 with 0.10 per cent MoS2;
  • Historical estimate of approximately 616,500 tonnes grading 0.48 per cent WO3 across four modelled lenses.

"Tungsten is increasingly recognized as one of the world's most strategically important critical minerals," said Rob Birmingham, president and chief executive officer of Goldhaven. "The message coming out of Washington is increasingly clear: Securing reliable and diversified sources of tungsten is now a national security priority. This landmark investment comes at an exciting time for Goldhaven as we advance drilling at the historic Kuhn tungsten system within our 100-per-cent-owned Magno project in Northern British Columbia."

Goldhaven's maiden diamond drill program at Kuhn is targeting the geometry, continuity and potential extensions of the historically documented tungsten-bearing skarn system. More than 800 metres have been drilled from the first drill pad, with laboratory assay results pending.

Historical drilling at the Kuhn tungsten system reportedly returned intercepts including 13.0 metres grading 0.55 per cent WO3 and 11.3 metres grading 0.59 per cent WO3 and 0.10 per cent MoS2. Historical work also outlined an estimate of approximately 616,500 tonnes grading 0.48 per cent WO3 across four modelled lenses at the Kuhn-Dead Goat system. These historical results and estimates predate National Instrument 43-101, and have not yet been independently verified through Goldhaven's current drilling program.

The historical estimate and drilling results predate National Instrument 43-101 and should not be considered a current mineral resource or mineral reserve. A qualified person has not completed sufficient work to classify the historical estimate as a current mineral resource, and Goldhaven is not treating the historical estimate as a current mineral resource. Historical results are not necessarily indicative of future results.

Located in British Columbia's established Cassiar mining district, the Magno project provides Goldhaven with exposure to tungsten, alongside silver, lead, zinc, copper, gold and indium, within a stable and strategically aligned North American jurisdiction.

Goldhaven believes the announcement reinforces the importance of developing secure mineral supply chains outside of traditional sources of supply and highlights the potential strategic relevance of tungsten projects located in the United States and allied jurisdictions, including Canada.

As governments continue directing substantial capital and policy support toward strengthening domestic and allied mineral supply chains, Goldhaven believes the tungsten sector is entering an increasingly important period of investment, development and consolidation.

The race to secure critical minerals is no longer a future story -- it is happening now.

The $450-million (U.S.) investment relates specifically to The Elmet Group. Goldhaven is not a recipient of the investment and has no relationship with The Elmet Group.

Qualified person

The technical and scientific information contained in this news release has been reviewed and approved by Raymond Wladichuk, PGeo, who is a non-independent qualified person as defined under National Instrument 43-101 and a consultant to the company.

About Goldhaven Resources Corp.

Goldhaven is a Canadian junior exploration company focused on advancing highly prospective mineral projects in North and South America. The company's flagship asset is the district-scale Magno project in the Cassiar district of Northern British Columbia. Goldhaven also owns the Three Guardsmen copper-gold project in British Columbia and the Copecal gold project in Mato Grosso, Brazil. In addition, the company holds a portfolio of critical mineral projects in Brazil.

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