Trigg Minerals Limited Secures 100% U.S. Tungsten Asset in $225K Deal Amid Soaring Prices and Strategic Defense Demand
Thursday, August 7, 2025
at
10:01 am
Trigg Minerals Limited has secured full control of an exciting tungsten project in Nevada. The historic site, showing promising tungsten grades in a secure U.S. mining jurisdiction, offers growth potential for defense and aerospace applications, boosting the company’s strategic expansion into critical minerals.
Trigg Minerals Limited has announced a strategic expansion into tungsten with its acquisition of the Tennessee Mountain Tungsten Project in Nevada. Located in the mining-friendly Alder District of Elko County, Nevada, this project includes the historic Garnet Mine, which produced tungsten in the 1970s. The project features a classic skarn-style deposit along the Coffeepot intrusive contact, with high-grade scheelite lenses favorable for low-cost bulk open pit mining. A historical resource estimate from the U.S. Defence Minerals Exploration Administration reported approximately 780,000 short tons grading between 0.3% and 0.5% WO₃, equivalent to roughly 3,000 short tons of contained tungsten trioxide. Although this figure is based on pre-modern reporting techniques and cannot currently be classified under contemporary standards, it provides a compelling exploration target for the company.
In addition to the tungsten project, Trigg Minerals Limited is negotiating further expansion of its land holdings at the Antimony Canyon Project in Utah. Discussions focus on acquiring patented mining claims to complement its existing unpatented claims, which would enhance operational flexibility and streamline access and permitting processes. The acquisition of these additional claims involves negotiations over freehold parcels and private land holdings, providing an opportunity to secure a more robust tenure position in a region with significant resource potential.
Financially, Trigg Minerals Limited is well positioned with approximately A$15.8 million in cash, allowing rapid advancement of both the flagship Antimony Canyon Project and the newly acquired tungsten project. The acquisition agreement for the Tennessee Mountain project includes a cash payment of US$100,000 alongside an issuance of US$125,000 worth of fully paid ordinary shares, calculated based on recent share performance. The vendor is also set to receive a 1% net smelter return royalty on future production from the claims once production commences.
Market sentiment based on this news appears mixed. On the bullish side, the move into tungsten aligns strategically with rising domestic demand due to supply disruptions in key markets such as China and increasing defense and aerospace requirements. The acquisition not only broadens Trigg Minerals Limited’s critical minerals portfolio but also positions it to capitalize on long-term trends favoring domestic production of strategic materials. Conversely, the reliance on historical resource estimates and the need for significant further exploration to verify and upgrade these figures introduces a degree of uncertainty. Additionally, ongoing negotiations for land expansion at the Antimony Canyon Project require favorable outcomes to fully realize the intended strategic benefits. This dual approach presents an opportunity for enhanced growth while also carrying exploration and execution risks that beginner traders should keep in mind.