Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2) has announced the acquisition of a 100% interest in the past-producing Eagle Point Tungsten Mine, located in the Granite Pass area of the Little Hatchet mining district, Hidalgo County, New Mexico. The acquisition expands the company’s portfolio of U.S. tungsten assets into a new district with significant historical production and untested exploration potential.
The Eagle Point Mine was active during periods of strategic tungsten demand in the 1950s, when the U.S. Government entered a Defense Minerals Exploration Administration contract to co-develop the property. Historical records indicate approximately 1,800 tons of ore were shipped during World War II at a grade of about 0.5% WO3. Surface trenching across multiple skarn bodies resulted in historical estimates of approximately 100,000 to 150,000 tons grading around 0.5% WO3. Recent sampling by the U.S. Geological Survey returned grades of up to 27.6% WO3, suggesting historical work significantly underestimated the grade potential.
“Eagle Point is the kind of asset you build a company around,” said Blake Morgan, CEO and President of Western Star. “It brings together everything we look for in one place—high-grade tungsten, a documented production history, eight separate skarn bodies exposed at surface, and a tier-one U.S. jurisdiction—yet it has never once been touched by modern exploration.”
The property comprises 24 lode mining claims covering the historic Eagle Point workings. The U.S. Government examined the property multiple times between 1941 and 1957, and in 1955 it signed a Defense Minerals Exploration Administration contract to fund 75% of a shaft sinking and diamond drilling program. That program was never executed, leaving principal exploration objectives untested. The company views this as a promising starting point for its maiden work programs.
Tungsten is a designated U.S. critical mineral, indispensable for defense, aerospace, energy, and advanced manufacturing. The United States currently has no domestic commercial production, with approximately 85% of global supply controlled by China, according to the USGS Mineral Commodity Summaries 2025. Recent U.S. Government directives prioritize fast-tracking domestic tungsten projects, with federal grants and defense-sector support available for qualifying critical-mineral assets.
Western Star intends to advance Eagle Point with a systematic exploration approach, including a high-resolution drone magnetic geophysical survey, systematic rock-chip and soil geochemical sampling, and field mapping with ultraviolet fluorescence surveying. The results will be used to prioritize targets for drill testing.
The acquisition terms include a cash payment of C$150,000 and the issuance of 4,000,000 common shares, along with a 1.5% net smelter returns royalty, of which 1.0% can be repurchased for C$1,000,000. The transaction remains subject to customary conditions and regulatory approvals.
