Terra Critical Minerals (ASX:T92) has completed the acquisition of the True American Tungsten Project in Nevada, US.
The acquisition, combined with the establishment of T92 USA is part of the company’s strategic positioning within the North American market, providing potential access to US government funding and US infrastructure.
The property was initially discovered in 1940, but has had no modern exploration since 1945. It contains two historical adits from high-grade tungsten production, primarily from scheelite skarns and tungsten bearing vein arrays.
T92’s US-based consultants have completed a preliminary site visit to prepare and begin planning the upcoming 2026 work program.
Chairman Andrew Vigar says that the company is well positioned with its “proactive entry into the US space”.
“As one of the few ASX companies to act, our 100% acquisition of the True American Tungsten Project in the US’s premier jurisdiction creates a powerful launching pad for the company,” Vigar says.
“Backed by Nevada’s mining heritage and strong federal support under the current administration, the timing is ideal. Next step for us is deploying boots on the ground as early as February 2026 to validate higher grades with a modern, systematic approach.”
Tungsten prices are now at multi-decade highs amid supply disruptions from China and growing demand from defence, aerospace, alloys, and data centre applications. The company notes that the current bullish macro environment supports the strategic timing of this acquisition.
Terra Critical Minerals is focused on strategic minerals in low-risk jurisdictions including Australia, Canada, and the US.
Write to Amy Rotman at Mining.com.au
Images: Terra Critical Minerals
