Implementation of Share Option Arrangements

The article says tungsten has outperformed gold, silver and copper over the past year and that the U.S. has not mined tungsten since 2015, while China supplies about 80% of global tungsten and nearly 90% of processing. It notes a U.S. defense rule from Jan 1, 2027 banning tungsten routed through China. It highlights Blue Moon Metals (TSXV: MOON, NASDAQ: BMM) acquiring 33 tungsten and antimony projects near its Springer complex, with consideration including 2.8M shares, $5.0M cash, and a 1% NSR r

Guardian Metal Resources (GMTL/GMET/GMTLF) reported results of a S-K 1300 pre-feasibility study for its Pilot Mountain tungsten project in Nevada. Base case assumes conventional open-pit mining and tungsten price of $197,300/tonne WO3, with after-tax NPV8 of $660.3M and IRR 59.6%; at a 12 Jun 2026 spot price, after-tax FCF $2.088B, IRR 101.6%, NPV8 $1.366B. Production is targeted for Q4 2028.

Tungsten APT prices have risen about 557% since China added tungsten products to export controls in Feb. 2025, pushing the European benchmark toward US$2,250/mt unit by March 2026, according to the article. GoldHaven (CSE: GOH) highlighted its 37,000-hectare Magno Project in BC, citing historical tungsten results up to 6,550 ppm and indium up to 334 ppm, and plans for 2026 drill testing. The release also notes Canada’s expanded 30% critical-minerals tax credit for tungsten and a U.S. DoD acquisi

Carson City Council withdrew a proposed ballot measure to triple its refinery tax and instead accepted a $370 million settlement from Marathon Los Angeles refinery owner Marathon Petroleum, ending litigation. The deal includes a $120 million upfront payment and $250 million in annual installments over 15 years. The California Supreme Court recently ruled in Tesoro Refining’s favor on refund procedures.

DynaResource said it plans a US$3.0 million private placement at US$0.45 per unit, with each unit including one common share and one warrant. Warrants have a US$0.51 exercise price and expire 180 days or 30 days after an authorized-share condition is met. Committed investors will advance US$851,250, subject to definitive documentation. Proceeds will fund general purposes, working capital, debt service and San José de Gracia capex.

ICE (Intercontinental Exchange) is selling up to $3.5B of investment-grade bonds in five tranches with maturities of 3 to 10 years, led by Bank of America and Wells Fargo. The longest tranche is priced at about 1.15 percentage points over comparable Treasuries. Proceeds replace ICE’s $6.25B bridge loan tied to its planned $6B MarketAxess acquisition.