InvestorTalk Alert: Stephen Gray From Fox Tungsten Ltd. To Host on Wednesday, April 8, 2026, at 9:00 AM EST

Key Takeaways

• Fox Tungsten raised C$11.1 M (~US$8.2 M) via bought‑deal placement
• Funds will finance 2026 drill program to expand high‑grade tungsten resource
• Project aims to address Western North America tungsten supply deficit
• Company holds 2.35 M Metal Energy shares from 2024 Highland Valley sale
• Strategic location near Glencore’s former Boss Mountain mine enhances infrastructure access

Pulse Analysis

Tungsten’s role as a critical metal for defense, aerospace, and renewable‑energy applications has sharpened investor focus on supply‑constrained regions. Fox Tungsten’s flagship deposit in British Columbia ranks among the highest‑grade tungsten resources globally, and its proximity to existing infrastructure reduces development risk. The recent C$11.1 million bought‑deal placement, equivalent to roughly US$8.2 million, provides the liquidity needed to accelerate drilling, delineate additional reserves, and prepare a Preliminary Economic Assessment that could unlock further capital.

The financing structure combines hard‑dollar and charity‑flow‑through units, each paired with half‑warrants at a C$0.22 exercise price, and includes a C$1.65 million over‑allotment option. This hybrid approach appeals to both institutional and retail investors seeking exposure to a critical‑metal play while offering tax‑advantaged components. By channeling the proceeds into a robust 2026 exploration program, Fox Tungsten aims to increase resource tonnage and improve grade confidence, steps that are essential for advancing the project toward commercial viability and attracting downstream partners.

Beyond the tungsten asset, Fox Tungsten’s strategic holdings—2.35 million Metal Energy shares acquired from the 2024 Highland Valley Copper sale—provide a foothold in the broader copper market and diversify its portfolio. The company’s location adjacent to Glencore’s former Boss Mountain molybdenum mine offers immediate access to roads, power, and skilled labor, further lowering capital expenditures. As North American manufacturers seek to reduce reliance on imported tungsten, Fox Tungsten is well‑positioned to become a domestic supplier, potentially driving higher valuations and opening pathways for joint‑venture or off‑take agreements.