Fireweed Metals Commences Mactung Tungsten Project Feasibility Study
Fireweed Metals Commences Mactung
Tungsten Project Feasibility Study
TSXV: FWZ
OTCQX: FWEDF
FSE: M0G
VANCOUVER, BC
,
March 9, 2026
/CNW/ - Fireweed Metals Corp. ("
Fireweed
" or the "
Company
")
(TSXV: FWZ) (OTCQX: FWEDF) is pleased to report that it has engaged a team of internationally
recognized engineering and technical consultants with extensive project delivery and licensing
experience in the Yukon and northern Canada to complete an updated Feasibility Study ("
FS
") for its
100%-owned Mactung Tungsten Project (Yukon, Canada).
CEO Statement
Ian Gibbs, Fireweed President and CEO, stated:
"Following our successful 2025 field season, we
are engaging best in class consultants to complete an updated Feasibility Study. We are excited to
continue advancing Mactung, the world's premier tungsten deposit, unmatched in grade and
scale
1
. We are confident that with the consultants we've engaged, a technically robust FS will be
completed early in 2027, to be utilized in further engineering and mine licensing efforts."
The FS will build upon extensive historical technical and field work, including the most recent 2025
field program, and will incorporate updated geological, metallurgical, mining, processing,
infrastructure, and environmental designs.
Consultant Appointments
The Company has engaged the following consultants to lead and support the FS:
Wood Canada Limited
has been appointed as the Lead Study consultant and will be
responsible for overall study integration, infrastructure engineering, capital and operating cost
estimation, and execution planning. Wood has extensive experience delivering mining and
infrastructure projects in remote northern climates, with strong expertise in cold-weather
construction, engineering, and logistics.
SLR Consulting (Canada) Ltd
. will lead the Mineral Resource Estimate update and
refinements to the geological domains, incorporating over 11,000 metres of 2025 drilling and
approximately 40,000 metres of historical data into the new model. Working alongside
Fireweed's geology team, SLR brings significant mineral resource modelling and production
expertise to deliver the updated estimate.
Ausenco Engineering Canada ULC
will lead the process plant design, metallurgical testwork
program, and flowsheet development and optimization. The team brings extensive global
expertise in tungsten processing, a key focus for Fireweed, ensuring the development of a
technically robust and reliable flowsheet.
Worley Canada Services Ltd.
will lead mine design, optimization, planning, and cost
estimation. Having been involved in previous studies at Mactung, the team brings deep project
familiarity, full study lifecycle experience, and proven mining expertise in northern Canada.
Knight Piésold Ltd.
will lead geotechnical design of waste and water management structures
and provide geomechanical design support for the underground mine. Knight Piésold will apply
extensive northern experience to advance designs in alignment with Yukon regulatory
requirements through operations and closure.
Lorax Environmental Services Ltd.
will lead development of the site
wide water balance,
feasibility
level groundwater model, and water quality model, supported by their broader
hydrogeology, geochemistry, and mine water management mandate. With strong expertise in
groundwater characterization, geochemical source terms, and integrated water modelling, Lorax
will provide key inputs across the project lifecycle.
Work Programs Initiated
In parallel with consultant mobilization, the Company has already commenced the following key work
programs:
Block model update
, including incorporation of recent drilling results and updated geological
interpretations
Mine planning and design,
prioritizing early extraction of high margin mill feed for processing
Metallurgical testwork and geometallurgical program
, designed to support process
selection, recovery, and variability modelling
Execution planning
The FS is supported by a Department of War award made via Title III of the U.S. Defense
Production Act of 1950 ("
DPA Title III
") and announced December 2024.
Mactung completed its environmental assessment in 2014, and the FS will support mine license
applications expected to be submitted in 2027.
Qualified Person Statement
Technical information in this news release has been reviewed and approved by Fireweed Metals VP
Exploration, Dr. Jack Milton, P.Geo. (BC), a 'Qualified Person' as defined under Canadian National
Instrument 43-101 ("
NI 43-101
"). Dr. Milton is not independent of the Company in accordance with
NI 43-101.
About Fireweed
Fireweed is an exploration company focused on unlocking value in a new critical metals district
located in Northern Canada. Fireweed is 100% owner of the Macpass District, a large and highly
prospective 985 km
2
land package. The Macpass District includes the Macpass zinc-lead-silver
project and the Mactung tungsten project. A Lundin Group company, Fireweed is strongly positioned
to create meaningful value.
Fireweed trades on the TSX Venture Exchange under the trading symbol "
FWZ
", on the OTCQX
Best Market under the trading symbol "
FWEDF
", and on the Frankfurt Stock Exchange under the
trading symbol "
M0G
".
Additional information about Fireweed and its projects can be found on the Company's website at
FireweedMetals.com and at
www.sedarplus.com
ON BEHALF OF FIREWEED METALS CORP.
"
Ian Gibbs
"
CEO & Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Statements
Forward Looking Statements
This news release contains "forward-looking" statements and information ("forward-looking
statements"). All statements, other than statements of historical facts, included herein, including,
without limitation, statements relating to interpretation of drill results, targets for exploration,
potential extensions of mineralized zones, timing of completion of work programs and activities,
and the potential of the Company's projects, are forward looking statements. Forward-looking
statements are frequently, but not always, identified by words such as "expects", "anticipates",
"believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements
that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-
looking statements are based on the beliefs of Company management, as well as assumptions
made by and information currently available to Company management and reflect the beliefs,
opinions, and projections on the date the statements are made. Forward-looking statements involve
various risks and uncertainties and accordingly, readers are advised not to place undue reliance
on forward-looking statements. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ materially from the
Company's expectations include but are not limited to, exploration and development risks,
unanticipated reclamation expenses, expenditure and financing requirements, general economic
conditions, changes in financial markets, the ability to properly and efficiently staff the Company's
operations, the sufficiency of working capital and funding for continued operations, title matters,
First Nations relations, operating hazards, political and economic factors, competitive factors,
metal prices, relationships with vendors and strategic partners, governmental regulations and
oversight, permitting, seasonality and weather, technological change, industry practices,
uncertainties involved in the interpretation of drilling results and laboratory tests, and one-time
events. The Company assumes no obligation to update forward
looking statements or beliefs,
opinions, projections or other factors, except as required by law.
Footnotes and References
1
References to relative size, grade, and metal content of the Mactung resources and Macpass resources in comparison to other tungsten, zinc, gallium, and germanium deposits
elsewhere in the world, respectively, are based on review of the Standard & Poor's Global Market Intelligence Capital IQ database.
SOURCE Fireweed Metals Corp.
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For further information:
Alex Campbell, Phone: +1 (604) 689-7842, Email:
CO: Fireweed Metals Corp.
CNW 06:00e 09-MAR-26