GoldHaven Resources to Acquire Strategic High-Grade

From GlobeNewswire: 2025-06-17 09:30:00

GoldHaven Resources Corp. has acquired the Kuhn, Dead Goat, and M3 claims in northwestern British Columbia, totaling 1,100.6 acres with a historic resource of 409,300 tonnes at 0.48% WO₃ and 0.134% MoS₂. Tungsten is a critical mineral due to its unique properties, but China’s export controls have disrupted global supply chains, increasing prices and supply uncertainty.

The Kuhn and Dead Goat properties in British Columbia have confirmed high-grade scheelite and molybdenite mineralization, with potential for resource expansion. The acquisition strengthens GoldHaven’s strategic land position within the Magno Project, offering upside in tungsten, copper, zinc, and molybdenum. A historical estimate suggests significant mineralization, supporting future development opportunities.

GoldHaven Resources Corp. plans to conduct a detailed review of historic data and design follow-up exploration programs to confirm and expand the known mineralization. The acquisition agreement includes issuing 1,250,000 common shares to the Vendor, subject to a 36-month escrow release schedule. The Transaction is expected to be completed on or about June 24, 2025. CEO Rob Birmingham sees strong demand for tungsten amid global tariff battles, emphasizing the strategic importance of the acquisition.



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