Re-Opening America’s Largest Tungsten Mine
Tungsten is in everything — drill bits, semiconductors, aircraft engines, medical devices — and global prices have surged over 500% in the past year. The U.S. has no active tungsten mines. We’re changing that by reviving what was once the single largest producing tungsten mine in North America, a proven resource with existing infrastructure in North Carolina.
A $6.6 Billion Market6 That's Only Getting Bigger
The World Runs on Tungsten. America Produces None.
Tungsten is one of the most essential industrial metals on the planet. It has the highest melting point of any element and is virtually irreplaceable, making it essential in construction, mining, manufacturing, and defense. It’s why the Department of the Interior classifies tungsten as a critical mineral.
The problem: China controls over 80% of global tungsten supply, while there are no active tungsten mines in the U.S.
Tungsten Is Irreplaceable, and 84% of Global Supply Is Off Limits
The market for tungsten is worth $3.2B annually2, but China currently controls 84% of global supply.
Military Dependence:
Used in armor-piercing shells, missile systems, aerospace alloys, bulletproof protection, and more.
No Substitute:
Highest melting point of any element (6,192°F), extremely dense, and exceptionally hard.
New Restrictions:
Recent U.S. defense policy prohibits buying Chinese tungsten, leaving a major supply gap.
Rising Prices:
With global supply tightening, tungsten prices are approaching all-time highs.
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A Proven Tungsten Resource
40% lower transportation costs
compared to overseas supply chains, thanks to existing shafts and established transport infrastructure.
99.9% purity
extraction potential, the grade required for high-performance industrial and defense applications.
Government is interested
We’re already in talks with the U.S. government about supply contracts.
"Developing a domestic source for tungsten is one of our top critical and strategic mineral priorities." 1
Tungsten Prices Are Up 500%+ and Climbing
Chinese exports have collapsed, global inventories are critically low, and there is virtually no substitute for tungsten in its primary applications. BMO Global Commodities Research predicts this supply crisis could elevate prices for years.
Price of Tungsten (APT)
Three Phases to Commercial Production
Because we're redeveloping a proven, previously producing site, our timeline is significantly faster than the 7–10 years typical for new mining projects.
Phase 1:
Permitting & Financing (6–8 months)
Environmental assessments, final site surveys, and capital raise to fund construction.
Phase 2:
Infrastructure Development (8–10 months)
Site prep, facility buildout, equipment deployment, and operational staffing.
Phase 3:
Production Ramp-Up (6–8 months)
Initial tungsten output, market entry across industrial and defense channels, and scale-up to full commercial operations.
This Is Early Pricing on a Proven Asset
Tungsten prices have surged over 500%, the federal government is fast-tracking domestic mining and actively funding tungsten production, and our share price hasn't caught up yet. Investors in this round are getting in before production, before revenue, and before the market prices any of it in.
100+ Years of Industry Expertise
With decades of experience and key relationships across mining, critical minerals, energy, finance, and federal regulatory environments, our team is strategically assembled to maximize this opportunity.
Owner of Environmental Operations with 30+ years of experience with redevelopment projects. CEO & Director of US Strategic Metals.
25+ years of experience in the global commodities and mining space with Glencore And Glencore Services. Former Board member of US Strategic Metals.
Chairman of Waterfield Holdings, Chairman of US Strategic Metals, Chairman Emeritus of YPO International, Former Goldman Sachs & Co, and former director of Aspire Software (Nasdaq: ASUR), RF Industries (Nasdaq: RFIL), SMTC Corp. (Nasdaq: SMTX).
Lisa has over 30 years in the mining industry, predominantly in base and precious metals. Project Development roles in minerals processing, pyrometallurgy and hydrometallurgy, utilities and specialty reagent plants, as a technical specialist and project manager/director. She also supports as a competent person for ASX reporting and qualified person for TSX technical reports.
Heather J. Bliss serves as the Chief of Staff for United States Tungsten as well as many Companies under the Waterfield Holdings portfolio. Since joining Waterfield in 2017, she has been instrumental in advancing strategic investments, overseeing operational initiatives, and supporting the success of multiple business entities within the organization's diverse portfolio.
Turn Your Investment Into More Shares
Our bonus stock program rewards investors with additional shares at no extra cost, so you can own a bigger stake in America's tungsten comeback. The more you invest, the bigger the bonus.
Frequently Asked Questions
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How much can I invest?
Accredited investors can invest as much as they want. But if you are NOT an accredited investor, your investment limit depends on either your annual income or net worth, whichever is greater. If the number is less than $124,000, you can only invest 5% of it. If both are greater than $124,000 then your investment limit is 10%.
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What are the tax implications of an equity crowdfunding investment?
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Individuals over 18 years of age can invest.
What do I need to know about early-stage investing? Are these investments risky?
There will always be some risk involved when investing in a startup or small business. And the earlier you get in the more risk that is usually present. If a young company goes out of business, your ownership interest could lose all value. You may have limited voting power to direct the company due to dilution over time. You may also have to wait about five to seven years (if ever) for an exit via acquisition, IPO, etc. Because early-stage companies are still in the process of perfecting their products, services, and business model, nothing is guaranteed. That’s why startups should only be part of a more balanced, overall investment portfolio.
When will I get my investment back?
The Common Stock (the "Shares") of United States Tungsten (the "Company") are not publicly-traded. As a result, the shares cannot be easily traded or sold. As an investor in a private company, you typically look to receive a return on your investment under the following scenarios: The Company gets acquired by another company. The Company goes public (makes an initial public offering). In those instances, you receive your pro-rata share of the distributions that occur, in the case of acquisition, or you can sell your shares on an exchange. These are both considered long-term exits, taking approximately 5-10 years (and often longer) to see the possibility for an exit. It can sometimes take years to build companies. Sometimes there will not be any return, as a result of business failure.
Can I sell my shares?
Shares sold via Regulation Crowdfunding offerings have a one-year lockup period before those shares can be sold under certain conditions.
Exceptions to limitations on selling shares during the one-year lockup period:
In the event of death, divorce, or similar circumstance, shares can be transferred to:
• The company that issued the securities;
• An accredited investor;
• A family member (child, stepchild, grandchild, parent, stepparent, grandparent, spouse or equivalent, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships).
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If a company does not reach their minimum funding target, all funds will be returned to the investors after the close of the offering.
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What relationship does the company have with DealMaker Securities?
DealMaker Securities is acting as the regulated funding portal (intermediary) for this specific offering. Once this offering closes, there is no guarantee that DealMaker Securities or its affiliates will maintain any formal relationship or continue providing services to the company, although they may choose to work together on future offerings.
What is United States Tungsten Corp's pre-money implied valuation?
United States Tungsten Corp's pre-money implied valuation is $300,000,000. The implied valuation was calculated by multiplying the total number of shares outstanding (TSO) by the price per share offered in this raise. This is a pre-money implied valuation — meaning it reflects the company's value before any new funds raised in this offering are added.