Issued on behalf of GoldHaven Resources Corp.
VANCOUVER, Baystreet.ca News Commentary, Tungsten prices have surged fivefold over the past year as prolonged underinvestment and China’s tightening export controls push the market toward what BMO warns could become a severe global shortage, with ammonium paratungstate now trading around $1,775 per metric tonne unit and Chinese exports of some tungsten products falling to zero in late 2025[1]. The Critical Minerals Institute has added tungsten to its top-five watchlist for 2026, joining copper, rare earths, gallium, and uranium as materials where Chinese supply dominance raises security concerns for Western manufacturers[2]. Miners with exposure to these supply-constrained metals include GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF), Freeport-McMoRan (NYSE: FCX), Fireweed Metals (TSXV: FWZ), Perpetua Resources (NYSE: PPTA) (TSX: PPTA), and Hecla Mining (NYSE: HL).
A Council on Foreign Relations report warns that China dominates the entire critical minerals ecosystem and urges Washington to scale disruptive innovation and recycling to reduce dependency on a single supplier[3]. A projected copper deficit of 10 million tonnes by 2040 is driving strategic reserve buildups across Western nations, creating what analysts describe as an inventory paradox where stockpiles grow even as real shortages loom on the horizon[4].
GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) has appointed Raymond Wladichuk as Technical Advisor to the Company, joining the BC geological team with a primary focus on advancing the Magno Project. Mr. Wladichuk is a Professional Geoscientist (P.Geo.) registered in multiple Canadian provinces with over 15 years of experience across mineral exploration, engineering, and construction. In his role, he will support drill permitting initiatives and the strategic design of the Company’s 2026 work program.
“We are very pleased to add Raymond to our geological team at a pivotal time for the Company,” said Rob Birmingham, President & CEO of GoldHaven. “His experience in exploration, engineering, and project execution will be instrumental as we advance the Magno Project, including drill permitting and the strategic planning of our 2026 exploration program. Strengthening our technical team ensures we are well-positioned to efficiently move Magno forward.”
The appointment follows a $2.0 million critical mineral flow-through financing to advance the district-scale Magno Polymetallic Project in British Columbia’s Cassiar District. The non-brokered private placement will issue up to 7,547,170 flow-through shares at $0.265 per share, with proceeds directed toward eligible Canadian exploration expenses qualifying as critical mineral flow-through expenditures. The financing is expected to fund 3D geological modeling, target refinement, and drill planning through 2026.
The financing follows a productive 2025 exploration campaign at Magno that defined property-scale porphyry-related zonation across the 36,973-hectare project, where 357 samples revealed bonanza silver grades up to 2,370 grams per tonne and tungsten values reaching 6,550 ppm across multiple skarn zones. Strong and widespread tungsten mineralization at the Kuhn and Dead Goat zones further confirms the scale of the system. The company also confirmed high-grade copper at its Three Guardsmen Project, with surface sampling returning up to 15.85% copper.
In Brazil, GoldHaven recently confirmed gold mineralization in bedrock at its Copeçal West Target, where the first-ever drilling returned 39 meters at 0.11 g/t gold from 58 meters depth. Hole COPE-PDH-006 returned 7 meters at 0.46 g/t gold including 1 meter at 1.21 g/t, while the inaugural East Target program discovered bornite, suggesting potential for a substantial gold-copper system.
GoldHaven now controls 133,186 hectares across proven mining jurisdictions in British Columbia and Brazil, with the Magno property located just three kilometres south of the historic Cassiar mining camp and accessible via Highway 37, providing infrastructure advantages rarely present at projects of this scale. All projects are supported by a comprehensive 43-101 Technical Report.
CONTINUED… Read this and more news for GoldHaven Resources at:
https://usanewsgroup.com/2025/09/23/the-goldhaven-story-two-continents-one-strategy-systematic-exploration-in-historically-productive-districts/
In other industry developments:
Freeport-McMoRan (NYSE: FCX) has secured a life-of-resource extension of its operating rights in the Grasberg Minerals District in Indonesia, one of the world’s most significant copper and gold deposits. The company maintains its 48.76% ownership in PT Freeport Indonesia through 2041, with approximately 37% beginning in 2042, and plans to restart the Grasberg block cave mine in Q2 2026. The MOU with the Indonesian government provides long-term operating certainty for one of the industry's most productive copper-gold complexes.
“With the completion of the smelter that we built, we now have the ability to apply for a life of resource extension,” said Kathleen Quirk, President and CEO of Freeport-McMoRan. “Now, we can think about this great resource, planning it out, what’s the optimum NPV over its life, as opposed to a limited period of time.”
The extension provides decades of additional copper and gold production from a proven deposit at a time when new large-scale discoveries are increasingly rare. Freeport’s Grasberg complex has historically ranked among the world’s top producers of both metals, and the extended time horizon opens new opportunities for optimized mine planning and exploration drilling across the district. The company has indicated it plans to begin extensive exploration drilling to further define the resource base under the extended time horizon.
Fireweed Metals (TSXV: FWZ) (OTCQX: FWEDF) has signed an Exploration and Collaboration Agreement with the Ross River Dena Council for its Mactung and Macpass critical mineral projects in Canada’s Yukon. Mactung is the world’s largest high-grade tungsten deposit, and the agreement follows a free, prior, and informed consent pathway consistent with the United Nations Declaration on the Rights of Indigenous Peoples.
“Fireweed is very pleased to have reached this foundational agreement with the Ross River Dena Council,” said Ian Gibbs, CEO of Fireweed Metals. “The Fireweed team has been working closely with the community of Ross River for several years. We are extremely grateful for the relationship we’ve built together and the many contributions RRDC’s Members and businesses have made to Fireweed’s exploration programs.”
The agreement marks a critical de-risking milestone for regulatory approvals at a time when tungsten supply security has become a priority for Western governments. Fireweed, a Lundin Group company, is positioned to bring the world’s premier tungsten asset into production as allied nations seek alternatives to the 80% of global supply currently controlled by China. The Macpass zinc-lead-silver project adds additional critical mineral optionality to the portfolio.
Perpetua Resources (NYSE: PPTA) (TSX: PPTA) has selected Hatch as EPCM contractor for the Stibnite Gold Project in Idaho, the only known domestic source of antimony in the United States. The project has received $75 million in Department of Defense awards recognizing its strategic importance to national security supply chains, and the company broke ground on October 21, 2025. A final investment decision is expected in spring 2026, backed by over $1.8 billion in indicative financing from the U.S. Export-Import Bank.
“Hatch brings the depth, discipline, and proven execution capability required to responsibly deliver the Stibnite Gold Project,” said Jon Cherry, President and CEO of Perpetua Resources.
A final investment decision is expected in spring 2026, supported by over $1.8 billion in indicative financing from the U.S. Export-Import Bank. Perpetua’s Stibnite project would restore domestic antimony production that has been absent from the American supply chain for years, addressing a vulnerability that has drawn attention from both military planners and industrial manufacturers dependent on this irreplaceable strategic metal. China currently controls nearly half of global antimony production, and the U.S. Defense Department has identified the metal as essential for armor-piercing ammunition, infrared sensors, and flame retardants used in military applications.
Hecla Mining (NYSE: HL) has reported record full-year 2025 results including revenue exceeding $1.4 billion, a 53% increase year over year, and adjusted EBITDA of $670 million that nearly doubled from the prior period. The company produced 17.0 million ounces of silver at the top of guidance, with Lucky Friday delivering a record 5.3 million ounces and Keno Hill recording its first profitable year. Net income reached $321 million for the year at $0.49 per share, reflecting strong precious metals pricing and operational discipline.
“2025 was a transformational year for Hecla with strong operational and financial results across a number of key metrics,” said Rob Krcmarov, President and CEO of Hecla Mining. “With our strengthened balance sheet and cash position, we aim to nearly double our exploration and pre-development spending to $55 million in 2026.”
The company holds reserves of 231 million ounces of silver and approximately 2 million ounces of gold across its portfolio. Free cash flow reached $310 million for the full year, and Hecla’s expanded exploration budget signals confidence in converting high-grade targets at depth across its North American operations as precious metals prices continue to trade near historic levels. With Keno Hill ramping and Lucky Friday sustaining record output, the company enters 2026 with a production platform built for continued growth.
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SOURCES CITED:
1. https://www.mining.com/tungsten-crunch-can-be-fixed-before-prices-spike-further-bmo/
2. https://investornews.com/critical-minerals-rare-earths/tungsten-breaks-into-cmi-top-5-consideration-as-supply-risks-reshape-the-critical-minerals-watchlist/
3. https://www.cfr.org/reports/leapfrogging-chinas-critical-minerals-dominance
4. https://markets.financialcontent.com/stocks/article/marketminute-2026-2-25-the-inventory-paradox-why-copper-prices-are-cooling-despite-a-global-stockpile-surge
