Adamera Stakes Tungsten Ridge, Washington State, U.S.A., adding to its Critical Minerals Portfolio
TSX V: ADZ; OTC: DDNFF
News Release: 26-06
Adamera Stakes Tungsten Ridge, Washington State, U.S.A., adding to its
Critical Minerals Portfolio
Vancouver, British Columbia – March 31, 2026 – Adamera Minerals Corp. (TSX-V: ADZ;
OTC: DDNFF) (“Adamera” or the “Company”) announces the staking of the Tungsten Ridge
property in eastern Washington State. The claims cover approximately 1,360 acres in an area
accessible by a system of recent logging roads. The area is considered prospective for tungsten-
copper-silver-molybdenum. This acquisition builds on the Company's Talisman tungsten
landholdings to form the basis of a critical mineral portfolio within the U.S.A (see Figure 1).
The Tungsten Properties:
• Tungsten Ridge: The newly staked property (currently pending standard adjudication)
spans 1,360 acres of land prospective for skarn mineralization. Historical data and surface
sampling indicate a polymetallic system (W-Cu-Ag-Mo) that was test mined in the early
1950s for tungsten in the form of scheelite. Results of this test mining are not known.
• TalismanTungsten: A historical past-producing mine, Talisman Tungsten is a proven
high-grade polymetallic deposit. Historical production and sampling have yielded grades
of 5% copper, 103 g/t silver, and 0.35% - 1.0% tungsten. Importantly, the Company has
developed a fresh target 700 metres south of the mine; regional sampling in this area has
identified a new zone yielding up to 0.26% W that has not yet been followed up.
"In 2025, the Company considered selling the Talisman Tungsten property, but the
macroeconomic landscape for tungsten has fundamentally shifted," stated Mark Kolebaba, CEO
of Adamera Minerals. "Driven by an unprecedented surge in demand and pricing we have
instead expanded our tungsten holdings. This is exactly the type of project Adamera is well-
equipped to rapidly advance. It is close to infrastructure and our operational base in Washington
State. Going forward our focus will be to rapidly advance both properties with field work
expected to commence in April."
Kolebaba adds “We have several promising gold, silver and copper projects in BC and
Washington State that will continue to be important to the Company and we also have two
tungsten projects with potential for scale and high grades. The tungsten market is at an historic
impasse with high prices and high demand for projects with the potential for domestic US
production. We will be meeting this challenge with aggressive exploration campaigns to rapidly
advance our tungsten assets”.
Upcoming, near-term, exploration plans for both tungsten properties will be announced shortly.
Figure 1. – Project Locations are shown in red.
Tungsten, The Essential Metal
Tungsten’s unique physical properties (hardness, density second only to gold and the highest
melting point of any metal) make it an essential element in machining, electronics, aircraft
manufacture and military applications. Tungsten is used both as major component in projectiles,
both bullets and missiles, and as key component in armour plating for tanks and personnel
carriers. These unique physical properties mean that tungsten cannot be easily substituted by
other metals or materials, which has made it relatively price insensitive for most uses. As a result
of the wars in Ukraine and now Iran, military application demand is expected to increase by
approximately 12% in 2026, with similar demand growth expected in coming years.
China dominates the supply side of the market, producing roughly 80% of tungsten yearly. In
response to US tariffs, China has put severe export restrictions on tungsten products. Exports of
Ammonium Paratungstate (APT), the primary product used as a manufacturing input worldwide
fell to zero in 2025. This has put severe constraints on the tungsten market, leading to
skyrocketing APT prices in recent months. As of March 26th, 2025, APT prices reached $2800
per MTU (metric tonne unit, or 10 kilograms), up from about $300 per MTU in early 2025. See
the four-month APT price chart below , courtesy of Shanghai Metals Market. While Chinese
export restrictions are blamed for the supply constraints, mined grades of tungsten at the large
mines in China are believed to be dropping as well. These supply constraints may continue even
if these export bans are lifted. Given the sensitive nature and the military end uses, China is
likely to prioritize domestic demand in any case. See Figure 2.
Tungsten is considered a critical metal. Due to its heavy use in industrial and military
applications, western governments are seeking to increase non-Chinese supply. The global
market is in a structural deficit and, particularly given the strategic sensitivity of military
demand, many countries favour local producers. In response to the supply squeeze, the US
military, via the Defense Industrial Base Consortium (DIBC), recently invited companies to
submit proposals to boost domestic supplies of critical minerals, explicitly targeting tungsten.
High quality tungsten deposits are rare and timelines for permitting and developing mines
worldwide are long. While new production coming on stream will help, tungsten prices are
likely to remain well above historical levels for an extended period of time.
The Company's development of a tungsten property portfolio aligns with the current global
supply crisis. Pending standard adjudication, Adamera will fully control two projects in eastern
Washington state. Both projects are known to contain tungsten bearing skarn and management
believes both have good scale potential. The Company will prioritize exploration spending on its
tungsten assets to explore and develop them as expeditiously as possible.
Figure 2. Tungsten Price Chart - Tungsten Price ATP, per MTU, Rotterdam. Courtesy Shanghai Metals Market
Qualified Person Martin St. Pierre, P.Geo., a Qualified Person as defined by National Instrument
43-101, has reviewed and approved the technical data in this release.
About Adamera Minerals
Adamera is advancing a tungsten portfolio in Washington State to establish a secure,
uninterrupted domestic supply for U.S. markets. While leading with this critical mineral strategy,
the Company also continues to explore for high-value gold, silver, and copper deposits in BC
and Washington State. Adamera is committed to utilizing modern, tech-driven exploration
methodologies to efficiently discover and define economic mineral resources and is focused on
translating exploration success into tangible equity.
On behalf of the Board of Directors,
Mark Kolebaba
President & CEO
For additional information please contact:
Email: [email protected]
Website: www.Adamera.com
Phone: (604) 307-6450
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange
has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this
press release, other than purely historical information, including statements relating to the Company’s future pla ns
and objectives or expected results, may include forw ard-looking statements. Forward -looking statements are based
on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and
development. As a result, actual results may vary materially from those describe d in the forward-looking statements.