Almonty Industries Faces Heightened Competition After High-Res UAV Tungsten Survey
ALM•Western Star Resources flew a high-resolution UAV magnetic survey over the Rowland tungsten property in Nevada, identifying multiple NE-SW lineaments aligned with historical workings. The survey flagged untested magnetic highs and lows south of the main zone, intensifying US tungsten exploration that could increase competition for Almonty Industries.
1. Impact on Almonty Industries
The recent geophysical results at Rowland highlight growing domestic exploration, positioning Almonty to compete for non-Chinese tungsten supply. Intensified drilling and target definition by peers could pressure investor expectations and prompt Almonty to accelerate updates to its own project pipeline and timelines.
2. Survey Findings at Rowland Property
Western Star's UAV magnetic survey mapped NE-SW structural lineaments coinciding with historic tungsten workings and uncovered untested magnetic-high and magnetic-low domains south of the main zone. These features suggest potential extensions of known skarn horizons and entirely new target areas for future drilling.
3. US Tungsten Strategy and Market Context
With China controlling over 80% of global tungsten production and a new 2027 defense-procurement rule banning certain Chinese-sourced tungsten, US exploration is ramping up rapidly. Almonty stands to benefit from higher tungsten prices and potential government incentives but faces mounting competition as juniors advance toward maiden drilling campaigns.
