Further information on Pure Tungsten can be found here: puretungsten.ca/puretungsten-equity-raise-rn?SQF_LEAD_SOURCE=GI
In this video, Tiger Kim (CEO, GBI) and Jeremy Gray (Founder, Pure Tungsten) explain the strategic merger between Pure Tungsten and GB Innovation, as well as the associated development of three high-quality tungsten projects in South Korea, Tajikistan and Brazil.
The focus is on restarting the Ssangjon mine in South Korea, with a production target of 900–1,000 t of WO₃ per year in the near future. In parallel, the historic Maykhura project in Tajikistan, with high ore grades (around 1% WO₃), is being advanced to increase total production to up to 4,000 t of WO₃ annually in the medium term. The portfolio is complemented by the Bodó mine in Brazil, with immediate potential and high grades of up to 1.4% WO₃. The merger thus creates a diversified, geopolitically stable platform to supply Western industries with critical metal outside China.
In addition, the current financing status is reported: A capital raise of around C$5 million at a price of C$0.50 per share is underway to finance the restart of the Ssangjon mine. A stock market listing via a reverse take-over (RTO) on the TSX-V or ASX is planned for 2026 to gain access to institutional capital and strengthen market presence.
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