Vault Strategic Mining Corp. (KNOX:TSXV; KNXFF:OTC; M85O:FWB) announced that it engaged Pioneer Exploration Consultants Ltd. to conduct a previously announced high-resolution, UAV-based airborne magnetic survey at its War Bond Tungsten Project in Nevada. The project encompasses the historical War Bond, Tactite and Thursday tungsten mines.
The planned survey will comprise approximately 70 line-kilometers of airborne magnetic data collection using 25-meter flight lines and 250-meter perpendicular tie lines. The configuration is designed to provide high-density geophysical coverage across the project and assist in identifying magnetic features, structural trends and geological contacts that may be associated with tungsten-bearing tactite and skarn mineralization beneath areas of soil and aeolian sand cover.
The survey follows Vault's recently completed Phase 1 surface sampling program, which included 42 samples from six field areas. The program comprised 30 rock-chip samples and 12 soil samples that were submitted to ALS Geochemistry in Reno, Nevada, for analysis.
Phase 1 rock-chip sampling returned tungsten values of up to 1,100 parts per million. Three samples from the Caved Adit area averaged 780 ppm tungsten, while soil samples collected along an interpreted structural trend returned values of up to 187 ppm tungsten. The company reported that the strongest tungsten results were associated with garnet-bearing tactite and a broader molybdenum-bismuth-copper-manganese pathfinder-element signature.
At the War Bond Pit, garnet-rich tactite samples TT-16 through TT-20 returned between 155 and 1,100 ppm tungsten, compared with 3.6 to 16 ppm tungsten from nearby garnet-poor altered rocks. The Tactite East and West pits averaged 370 ppm and 308 ppm tungsten, respectively. The highest manganese result among the Phase 1 rock assays was 4,430 ppm in sample TT-19, which also returned 460 ppm tungsten.
According to the company, field observations and geochemistry traced mineralization intermittently through soil and aeolian sand cover along an approximately one-mile, or 1.6-kilometer, north-south structural corridor. Estimated exposed surface widths reached approximately 160 feet, or 50 meters, at the War Bond open cut and 100 feet, or 30 meters, at the Tactite open cut. The company noted that these were field estimates and did not represent confirmed true widths or continuity.
"The planned drone-borne magnetic survey and our recent Phase 1 sampling results represent two highly complementary components of our exploration strategy at War Bond," Chief Executive Officer Quinn Field-Dyte stated in a company news release. "This expanding modern dataset will also support the maiden NI 43-101 technical report being prepared by Bill Feyerabend and Amazona Enterprises."
The War Bond claim package consists of 20 unpatented lode mining claims covering approximately 400 acres in the Delaware Mining District of western Nevada. Historical records cited by the company described scheelite-bearing tactite or skarn mineralization associated with granite-limestone contacts and documented limited historical mining or test-lot production.
The company cautioned that historical exploration results, sampling, drilling, and other technical information predated NI 43-101 and did not comply with current NI 43-101 requirements. It said the historical information had not been verified or confirmed and should not be relied upon as current technical disclosure.
Tungsten Supply, Demand, and Strategic Uses Remained in Focus
On August 2, the National Minerals Information Center described tungsten as a metal with applications across industrial, electronic, electrical, and defense-related markets. It stated that "Tungsten (W) is a metal with a wide range of uses, the largest of which is as tungsten carbide in cemented carbides." Those wear-resistant materials were used by the metalworking, mining, and construction industries. Tungsten also had applications in wires, electrodes, and contacts used in lighting, electronics, electrical equipment, heating, and welding, along with heavy metal alloys, superalloys, tool steels, and wear-resistant alloy parts and coatings. The center noted that tungsten composites were used as substitutes for lead in bullets and shot, while tungsten chemical compounds were used in catalysts, inorganic pigments, and high-temperature lubricants.
ChemNet reported on August 4 that the "current global tungsten market is in a state of high tension." According to the report, global tungsten prices had risen by nearly 600% since February 2025 amid robust demand from the aerospace and military sectors. The report described tungsten as a strategic critical mineral that was difficult to substitute and said the United States had continued efforts to rebuild its domestic supply chain.
ChemNet also reported heightened U.S. attention on domestic tungsten resources, while noting the development challenges associated with bringing new supply into production. The report stated that the mineral development cycle was lengthy and that a mine required at least five years to progress from exploration to production, even when land and approval obstacles were resolved. It also cited environmental assessment, land approval, and capital investment among the issues that mineral projects could face during development.
According to a 2026 annual report from Global Market Insights Inc., the global tungsten market was valued at US$7.3 billion in 2025 and was estimated at US$7.6 billion for 2026, with the firm projecting US$11.6 billion by 2035 at a 4.8% compound annual growth rate. The report identified defense and aerospace expansion, electric vehicle and renewable energy infrastructure, and medical imaging and radiation shielding among the market's key drivers. Tungsten carbide represented approximately 60% of the market in 2025, while drilling, boring, and cutting equipment accounted for about 27.8%.
Technical Analyst Points to "Buy" Signal
Technical analyst Stewart Thomson rated Vault Strategic a "Buy" on July 21, with a short-term price target of CA$0.42. Thomson said the company's chart showed a "Buy" signal from the MACD indicator, while both the MFI and RSI were bullish.
Magnetic Data, Drill Targets, and a Technical Update Ahead
Vault intends to integrate the high-resolution magnetic survey data with its Phase 1 sampling results and available historical information. The combined dataset is intended to better define geological and structural controls on mineralization and refine priority exploration targets.
The company also plans to use the combined information to guide follow-up mapping and sampling and support drill-target generation and drill-permitting activities. The work is also intended to contribute to the technical foundation for Vault's maiden NI 43-101 technical report being prepared by veteran geologist William "Bill" Feyerabend and Amazona Enterprises.
Vault's 2026 roadmap identified drill-target confirmation as a Q3 activity. The company planned to evaluate field results and determine priority zones for drilling, followed by the announcement of priority drill zones for its flagship project.
Streetwise Ownership Overview*
Vault Strategic Mining Corp. (KNOX:TSXV; KNXFF:OTC; M85O:FWB)
| Date | Old Symbol | Old Shares | New Symbol | New Shares |
|---|---|---|---|---|
| 12/17/25 | DIA:TSXV | 1 | KNOX:TSXV | 1 |
| 06/16/23 | DIA:TSXV | 10 | DIA:TSXV | 1 |
| 11/17/21 | DIA:TSXV | 10 | DIA:TSXV | 1 |
The roadmap also called for a Q3 technical update containing validated results. Vault planned to use that stage to outline its next-stage exploration and development strategy for 2027.
Ownership & Share Information1
Vault Strategic Mining Corp. has a market cap of CA$3.98 million, with 14.76 million shares outstanding. The company's 52-week range is CA$0.10-CA$1.15. Management & Insiders own 8.05% of shares, while the remaining 91.95% of shares are held by Retail.
Frequently Asked Questions
What is the War Bond Tungsten Project in Nevada?
The War Bond Tungsten Project is a tungsten property in Nevada held by Vault Strategic Mining Corp. (TSXV: KNOX; OTCID: KNXFF; FSE: M850). The claim package comprises 20 unpatented lode mining claims covering approximately 400 acres and encompasses the historical War Bond Mine and the Tactite and Thursday tungsten workings.
What did Vault Strategic Mining find at the War Bond Tungsten Project?
Vault Strategic reported tungsten values of up to 1,100 ppm from Phase 1 rock-chip sampling at War Bond. Three rock samples from the Caved Adit area averaged 780 ppm tungsten, while soil samples collected along an interpreted structural trend returned values of up to 187 ppm tungsten.
What were the highest tungsten and manganese results from War Bond?
Phase 1 rock sample TT-18 returned 1,100 ppm tungsten and 4,040 ppm manganese. Sample TT-19 returned the program's highest reported manganese value of 4,430 ppm along with 460 ppm tungsten.
What is Vault Strategic Mining's drone magnetic survey at War Bond?
Vault Strategic engaged Pioneer Exploration Consultants Ltd. to conduct a high-resolution, UAV-based airborne magnetic survey. The planned program comprises approximately 70 line-kilometers of data collection using 25-meter flight lines and 250-meter perpendicular tie lines.
Why is Vault Strategic conducting an airborne magnetic survey in Nevada?
The survey is designed to identify magnetic features, structural trends, and geological contacts that may be associated with tungsten-bearing tactite and skarn mineralization in areas covered by soil and aeolian sand. Vault intends to integrate the magnetic data with its Phase 1 sampling results and available historical information.
What are the next exploration steps at the War Bond Tungsten Project?
Vault intends to use the combined magnetic, geochemical, and historical dataset to refine priority exploration targets, guide follow-up mapping and sampling, and support drill-target generation and drill-permitting activities. The information is also intended to contribute to the technical foundation for the project's maiden NI 43-101 technical report.
How large is the global tungsten market?
Global Market Insights valued the global tungsten market at US$7.3 billion in 2025 and estimated it at US$7.6 billion in 2026. The firm projected a market size of US$11.6 billion by 2035, representing a 4.8% compound annual growth rate from 2026 through 2035.
What is tungsten used for?
According to the National Minerals Information Center, tungsten's largest use is as tungsten carbide in cemented carbides used by the metalworking, mining and construction industries. Tungsten also has applications in electronics, electrical equipment, heating, welding, heavy metal alloys, turbine-blade superalloys, tool steels, wear-resistant components, catalysts, and high-temperature lubricants.
Why is tungsten considered important to the U.S. supply chain?
Global Market Insights characterized North America as "consumption-heavy and import-reliant" and reported that the United States had not had commercial tungsten mining since 2015. The firm also reported that China accounted for approximately 83% of global tungsten mine output in 2024.
What did a technical analyst say about Vault Strategic Mining stock?
Technical analyst Stewart Thomson rated Vault Strategic a "Buy" on July 21 and assigned a short-term price target of CA$0.42. Thomson said the MACD had generated a "Buy" signal and described the MFI and RSI as bullish.
| Want to be the first to know about interesting Critical Metals investment ideas? Sign up to receive the FREE Streetwise Reports' newsletter. | Subscribe |
Important Disclosures:
- As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Vault Strategic Mining Corp.
- James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
For additional disclosures, please click here.
1. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
