Samso is drawn to Pioneer Minerals because it offers direct leverage to U.S. critical minerals policy themes through a diversified portfolio spanning tungsten, antimony, uranium, and lithium, all within Tier-1 mining jurisdictions. The combination of historical production, recent high-grade surface results, and near-term drilling catalysts positions PMM as a company transitioning from early-stage consolidation into active value creation.

Terra Critical Minerals Limited (ASX: T92) has closed the acquisition of the 100%-owned True American Tungsten Project, located in central Nevada, USA. The transaction marks Terra’s formal entry into the U.S. tungsten space, securing a historically high-grade project within a recognised mining jurisdiction and positioning the Company for on-the-ground work programs in 2026.

Viking Mines Limited (ASX: VKA) has announced the acquisition of a high-grade, production-proven tungsten portfolio in Nevada, USA, a Tier-1 mining jurisdiction (Figure 1). The transaction provides Viking with 100% exposure to six historical tungsten projects located in close proximity to strategic US defence infrastructure, positioning the Company within a critical minerals supply chain at a time of heightened geopolitical urgency.

IRIS Metals Limited (ASX: IR1) has secured an exclusive right to farm-in to the Finley Basin Tungsten Project, located in Granite County, Montana, USA, through a binding Heads of Agreement with Finley Mining Inc and its shareholders. The transaction provides IRIS with entry into a historically high-grade tungsten system within a mining-friendly U.S. jurisdiction, aligning with its broader critical minerals strategy and U.S.-focused asset base.

The discussion focused on tungsten, antimony, and gold, but more importantly, on mineral systems thinking—how deposits form, why certain geological settings matter, and why Pioneer’s ground selection in Idaho, USA, was anything but random. As someone who has followed tungsten closely, this was a conversation that went well beyond commodity hype and into the fundamentals of discovery.

Terra Uranium Limited - Could the Glen Eden Project Be The Next Tungsten and Molybdenum Story in Australia - A Sisson-Style Tungsten Project?

EQ Resources Ltd (ASX: EQR) has released preliminary results from XRT ore sorting trials at its Wolfram Camp Project, revealing encouraging recovery and upgrade outcomes that reinforce its ambition to develop a regional tungsten hub in Far North Queensland.