Curated News
By: NewsRamp Editorial Staff
June 15, 2026
Western Star Acquires High-Grade Eagle Point Tungsten Mine in New Mexico
TLDR
- Western Star Resources (CSE: WSR) gains a 100% interest in Eagle Point tungsten mine with high-grade potential in a US critical mineral supply chain.
- The acquisition includes 24 claims with past production of 1,800 tons at 0.5% WO3, recent USGS samples up to 27.6% WO3, and untested DMEA contract targets.
- Developing domestic tungsten reduces US reliance on China for a critical mineral essential to defense, aerospace, and clean energy technologies.
- A USGS sample at Eagle Point returned 27.6% WO3, over 50 times the historical grade, suggesting massive untapped potential.
Impact - Why it Matters
This news matters because tungsten is a critical mineral essential for defense, aerospace, and advanced manufacturing, yet the United States has no domestic commercial production and relies heavily on imports from China. The acquisition of the Eagle Point Mine, with its high-grade surface samples and historical production, could help reduce U.S. dependency and strengthen the domestic supply chain for critical minerals. For investors, it represents a potential opportunity in a strategically important sector with government support.
Summary
VANCOUVER, BC - June 15, 2026 - Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2) has announced the acquisition of a 100% interest in the past-producing Eagle Point Tungsten Mine in Hidalgo County, New Mexico. The property, located in the Granite Pass area of the Little Hatchet mining district, was historically active during periods of strategic tungsten demand, with approximately 1,800 tons of ore shipped during World War II at a grade of about 0.5% WO3. Recent sampling by the USGS returned grades up to 27.6% WO3, highlighting the high-grade potential. The acquisition expands Western Star's portfolio of U.S. tungsten assets into a new district, aligning with the company's strategy to build a domestic critical-minerals platform.
The Eagle Point property comprises 24 lode mining claims and has a documented history of federal government interest, including a Defense Minerals Exploration Administration (DMEA) contract in the 1950s that was never executed. Historical estimates from surface trenching suggested 100,000 to 150,000 tons at 0.5% WO3, though these are not current resources. The property features eight skarn bodies exposed at surface, with tungsten mineralization hosted in contact-metamorphic skarn (tactite). Molybdenum is a potential co-product, with one USGS sample grading 0.98% Mo. The company plans a work program including drone magnetic surveys, rock-chip sampling, and UV fluorescence mapping to generate drill targets.
CEO Blake Morgan emphasized the strategic value of the asset, noting that tungsten is a designated U.S. critical mineral with no domestic commercial production, as approximately 85% of global supply is controlled by China. The acquisition terms include a cash payment of C$150,000, issuance of 4 million shares, and a 1.5% NSR royalty. Western Star intends to advance the project with modern exploration techniques, potentially unlocking significant value in a jurisdiction with strong government support for critical minerals. The company believes the untested depth and strike extensions, combined with high-grade surface results, make Eagle Point a cornerstone asset for its U.S. tungsten portfolio.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Western Star Acquires High-Grade Eagle Point Tungsten Mine in New Mexico
