Developer · Junior / Minor · USA
Last updated 21 June 2026
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
Development · 1 project
Pilot Mountain
Asset · Pre-feasibility
Project information
Description
Flagship 100%-owned tungsten project in Mineral County, Nevada, on BLM-administered lands, hosting the Desert Scheelite deposit together with the Garnet, Gunmetal and Good Hope deposits, with copper and silver byproduct potential. The project carries an S-K 1300 mineral resource and is the central focus of the company's project-development efforts. During the year the company advanced pre-feasibility workstreams including resource and geotechnical drilling for pit design and mine planning, a high-resolution IP survey, ground magnetics over the Desert Scheelite area, and environmental and technical baseline studies to underpin permitting; a maiden diamond drilling program generally confirmed the position, grades and thickness of the historical mineral resource estimate. Subsequent to year-end, subsidiary Golden Metal Resources (USA) LLC was awarded US$6.2 million by the U.S. Department of War to accelerate the project. Resource tonnage and grade figures are not tabulated in this document.
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Exploration · 5 projects
Garfield
Asset · Exploration
Project information
Description
Wholly owned copper-gold-silver exploration project in Nevada on BLM-administered lands. Ground-based work programs and follow-up staking increased the size and prospectivity of the project, with geophysical surveys generating multiple porphyry targets, notably at the High-Grade and Power-Line Zones where magnetic inversions identified two buried, sizeable anomalies beneath surface copper anomalism. The Pamlico Gold Zone, discovered during the period, returned high-grade copper, silver and gold at surface, and surface sampling reported high-grade epithermal gold vein structures with elevated silver and copper. No mineral resource has been defined.
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Golconda Summit
Asset · Exploration
Project information
Description
Early-stage exploration project in Nevada held by the company as operator under an earn-in right from the mineral claim owner pursuant to an option agreement. No work was completed on the project during the year as the company focused on its tungsten priorities. No mineral resource has been defined.
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Kibby Basin
Asset · Exploration
Project information
Description
Wholly owned lithium exploration project in a Nevada basin, acquired via staking in July 2023. A detailed historical data compilation highlighted an untested conductor lying stratigraphically below multiple lithium-rich intervals previously intersected by an earlier operator within the basin. The project was not significantly active during the year as the company concentrated on its tungsten assets. No mineral resource has been defined.
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Stonewall
Asset · Exploration
Project information
Description
Wholly owned early-stage exploration project in Nevada on BLM-administered lands, held as part of the company's Nevada portfolio targeting tungsten and associated critical and precious metals. The project was not significantly active during the year as the company focused resources on its tungsten priorities at Pilot Mountain and Tempiute. No mineral resource has been defined.
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Tempiute
Asset · Exploration
Project information
Description
Co-flagship tungsten project at the historical Tempiute (Emerson) tungsten mine in Lincoln County, Nevada, located predominantly on patented mining claims. The company holds an earn-in option to acquire a 100% interest (Letter of Intent signed 31 October 2024, definitive agreement completed 27 January 2025, with 150,000 ordinary shares issued as consideration). Since acquiring the option the company has compiled the extensive historical dataset from the former producing mine, developed initial 3D models, and advanced preparatory workstreams supporting a drilling program that began in late summer 2025. The combination of historical production, existing infrastructure and new exploration potential positions Tempiute as complementary to Pilot Mountain within a planned Nevada tungsten production hub. No current mineral resource has been defined.
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Assumptions
- The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.
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How to read this tab
- The tables below list unit codes most often used in the Rare Earths & Critical Minerals sector for this company. MetalPilot stores contained metal or product in the codes below; grade and tonnage use separate fields. In side-by-side comparison views (stock page Portfolio tab, watchlist By sector), heterogeneous source units are converted to each commodity's preferred display unit (for example Moz Au, kt Cu, MMbbl oil) before summing; the same canonical codes appear in project data.
What the Portfolio tab shows
- The Portfolio tab presents a project-level view of the company's reported assets, built from publicly disclosed information (technical reports, annual filings, MD&A, investor presentations, MRMR / R&R statements, NI 43-101 / NI 51-101 / SEC S-K 1300 / SEC S-K 1200 / JORC / SAMREC / PERC / PRMS / COGEH filings, and similar primary sources).
- Figures are grouped by project type (mining, oil & gas, royalty, stream, processing facility, development, portfolio aggregate) and are shown alongside the headline reserve base, headline production, headline grade / quality, cost benchmarks, estimated lifetime, commercial terms (for royalties / streams), operational capacity (for processing) and a single-figure rating where the underlying data supports one.
- Each data table on the Portfolio tab is followed by ONE Assumptions footnote describing the modelling choices for that table; KPI stat-card assumptions appear in the bottom block instead. All legal and section disclaimers are merged into a single disclaimer list at the bottom of the Portfolio tab.
Concepts in your sector — Rare earths & critical minerals
- TREO vs individual oxides. Deposits disclose TREO % with a basket (Nd, Pr, Dy, Tb, …). Value is dominated by magnet metals; TREO without the basket misses most of the economics.
- Vanadium in V₂O₅. Reserves use % V₂O₅ or ppm; multiply V₂O₅ by 0.560 for V metal.
- Niobium, tantalum, scandium, fluorspar each have their own chemistry idiom; the rating engine normalises within commodity family.
Portfolio tab — table guide
- Portfolio KPIs — company-level headline numbers aggregated from the featured projects (project counts, attributable annual production by commodity, attributable resource base by commodity, last filing date, operator share). USD value lines multiply attributable volumes by the resolved snapshot price.
- Portfolio snapshot — one-screen summary of the portfolio: counts by type and status, country mix, reporting standards used, operator share, primary commodity, attributable annual production summary and attributable resource base summary.
- Mining — one row per mining project, with columns for project name, location, status, primary commodities, production (with rating), reserves & resources (with rating), grade (with rating), costs and estimated lifetime. Multi-commodity projects emit one summary row per commodity.
- Royalty — one row per royalty interest held by the company. Columns cover the underlying project, operator, commodity, commercial terms (rate, type, cap, area-of-interest), attributable production, attributable reserves and estimated lifetime.
- Stream — one row per metal stream held by the company. Each row shows the underlying project, the streamed commodity, the headline stream percentage, the ongoing per-ounce / per-tonne payment, and attributable production / reserves.
- Processing facilities — one row per midstream / processing facility (pipeline, fractionator, LNG train, storage cavern, refinery, smelter, mill, heap-leach pad, CPP, etc.). Columns include nameplate capacity, contracted capacity, feedstock commodities and operational footprint.
- Development — projects in development status or in a pre-production lifecycle phase. The production column is re-labelled 'Targeted production (rating)' to highlight that the figures are plans, not actuals.
- Portfolio Aggregate — a single company-level row used when the company itself publishes a portfolio rollup (e.g. company-wide 2P barrels across all properties).
- Reserves & resources — detail — a leaf-category pivot showing every reserve and resource category disclosed across the projects.
- NPV (grouped) — all NPV rows captured from the filings, grouped by commodity, resource category, development status and pricing case. Each NPV figure is shown with its discount rate, basis (before-tax / after-tax), currency and value scale.
Ownership / Working interest
- Ownership percentage means the company's working-interest share of the asset: its slice of the project before royalties and before government take. It is shown on a 0–100 scale.
- Mines, oil and gas fields, and processing facilities — this is how much of the asset belongs to the company under that working-interest idea. One hundred percent is fully owned; a lower number usually means partners share the rest.
- Royalties and streaming agreements — the percentage is often not the story; what matters economically is usually the royalty or stream rate, shown elsewhere alongside these figures.
- Oil and gas — read this as gross working interest only. Do not treat it as net production or net wells after royalties; when filings distinguish gross from net, that shows up in how the resource numbers themselves are labelled.
- Below 100% — the short summary for each project names other owners and their stakes when the source says who they are.
- NRI vs WI (O&G). Working interest (WI) is the obligation to pay a share of costs; net revenue interest (NRI) is the share of revenue after royalties and overriding-royalty interests. A 100% WI well rarely produces 100% NRI; typical onshore U.S. NRI is 75–87.5% of WI depending on the lease royalty.
- Operator vs non-operator. The operator runs day-to-day operations; non-operating partners pay their WI share of costs but do not run the asset. Some Portfolio rows show operator share where disclosed.
Unit codes, conversion cheat sheets, cost benchmarks (AISC, C1–C3), reporting standards (NI 43-101, JORC, SEC S-K 1300) and resource/reserve category definitions live in the full terminology & units reference.
Assumptions
- Presented values are denominated in currency of the country where the company is headquartered. Values like market capitalization might differ from the values visible in other parts of the page, where the currency is always USD.
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