US Department of War puts US$450M into a Nevada tungsten restart. VKA is planning one in the same state.
ASX:VKA
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13 min
The US government’s attention is now on tungsten - possibly the most important military critical mineral. Tungsten is used in armour-piercing ammunition, fighter jets, and the warheads of Tomahawk, Patriot and Precision Strike missiles. Hopefully the US government attention is the starter for a re-rate in small cap tungsten stocks now. Like our Investment, $22.6M capped Viking Mines (ASX: VKA) - whose project isn’t that far away from the one some of that DoW funding will go toward restarting.