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Tungsten Is the Critical Mineral Canada Owns - and One Junior Just Financed Its Way Into the Reshoring Trade
Issued on behalf of Western Star Resources Inc. A CMETC-eligible flow-through financing, a &#...
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[{"type":"text","content":"Tungsten Is the Critical Mineral Canada Owns — and One Junior Just Financed Its Way Into the Reshoring Trade\nIssued on behalf of Western Star Resources Inc. A CMETC-eligible flow-through financing, a €200,000 European IR mandate, and a DIBC application land in the same week — under eight months before the U.S. defense procurement cliff for Chinese tungsten. VANCOUVER, British Columbia, May 13, 2026 (GLOBE NEWSWIRE) -- Canada News Group News Commentary — Canada’s critical minerals strategy has spent the last three years building toward a single proposition: the country has the tax framework, the listing venues, and the geological endowment to underwrite Western tungsten supply at a moment when the United States cannot. The tape is now starting to test that proposition. Rotterdam ammonium paratungstate (APT) is changing hands near US$3,185 per metric tonne unit — up roughly 350% year-to-date and approximately 900% over the trailing 12 months — while a January 1, 2027 federal procurement rule will bar Chinese, Russian, Iranian, and North Korean tungsten from key U.S. defense applications.[1] China still controls roughly 80% of global mine supply and has restricted exports to 15 approved firms through 2027.[1] The U.S. has had no commercial tungsten mine production since 2015.[1] Against that setup, Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) has, over a roughly six-week stretch, executed a sequence that reads less like a junior explorer’s standing news flow and more like a deliberate effort to price into the reshoring trade through the Canadian tax and listing infrastructure: a U.S. Defense Industrial Base Consortium (DIBC) application targeting tungsten, a 12-month European investor relations mandate with Plutus Invest & Consulting GmbH commencing May 1, 2026, and a non-brokered flow-through financing eligible for the Canadian Critical Mineral Exploration Tax Credit (CMETC).[1] The Canadian Tax Architecture, Applied to a U.S. Asset The financing component is structurally interesting. Western Star announced a non-brokered private placement of 833,333 flow-through common shares at $0.60 per FT Share for gross proceeds of $500,000.[1] The proceeds are earmarked for Canadian exploration expenses (“CEE”) that qualify as flow-through mining expenditures r...