Pegmatite One Lithium and Gold (CSE:PGA) has confirmed a 100% interest in the Golden Scheelite Tungsten Project in Nevada, US, after federal authorities recorded all 17 of its lode mining claims.
The claims are held through wholly owned US subsidiary Wolfram Critical Minerals and cover the historic Golden Scheelite prospect in Humboldt County’s Varyville Mining District.
The US Bureau of Land Management has accepted, serialised, and recorded the claims, which were secured through direct staking.
No shares were issued as acquisition consideration, while the project carries no underlying royalties, option payments, or third-party work commitments.
Historical government records describe Golden Scheelite as a tungsten-bearing skarn occurrence with limited past production. A six-ton shipment of mineralised material reportedly graded 0.71% tungsten trioxide (WO₃) in 1953, followed by a 20-ton shipment grading 0.59% WO₃ in 1954.
The US Geological Survey Mineral Resources Data System records historical grades ranging from 0.01% to 2% WO₃ and averaging about 0.25% WO₃.
Pegmatite One has not independently verified the historical sampling or production records and is not treating the information as a current mineral resource or reserve. Golden Scheelite has no established mineral resources or reserves.
Historical work was largely limited to trenching and an open cut completed during 1953 and 1954, with no modern drilling or systematic exploration identified in records reviewed by the company.
Pegmatite One says it is finalising a phase one program comprising geological mapping, ultraviolet-lamp prospecting, rock and channel sampling, and soil geochemistry. The work is designed to assess the historical record and identify targets for further exploration and potential drilling.
The acquisition comes amid renewed focus on tungsten supply after China introduced export controls on selected tungsten items in February 2025. The US Geological Survey estimates China accounted for about 79% of global tungsten mine production in 2025, while the US has recorded no commercial domestic production since 2015.
Pegmatite One is a Canadian explorer focused on acquiring and advancing critical and precious metals projects in established mining jurisdictions.
Write to France Pinzon at Mining.com.au
Images: Pegmatite One Lithium and Gold
