Perpetual Resources Expanded Nevada Tungsten Project
The company has added 1,272 acres to its Nevada site as it seeks domestic funding for critical mineral production.
Updated on Oct. 13, 2026 in Electric Vehicles
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Perpetual Resources has expanded its Nevada Scheelite project area by 15 times after staking 62 new lode mining claims. The firm is now pursuing a US financing strategy to help establish a domestic supply chain for tungsten.
Why it matters
Tungsten is a government-designated critical mineral, and the US has lacked domestic production since 2015. This project aims to secure domestic sources before new defense contractor sourcing restrictions take effect in 2027.
Perpetual Resources staked 62 new lode mining claims covering 1,272 acres in Nevada. This move represents a 15-fold expansion of the total project area.
The players
Perpetual Resources
This mining company is currently developing the Nevada Scheelite project to address critical mineral shortages.
GreenMet
This strategic advisory firm specializes in helping companies navigate funding pathways and government investment stakeholders.
The details
The company has appointed strategic advisory firm GreenMet to assess funding pathways, including potential US government investment options that could accelerate development. This strategy is designed to minimize the reliance on shareholder capital while positioning the Nevada Scheelite project to enter the domestic supply chain.
Timeline
Domestic tungsten mine production in the US ceased in 2015.
Perpetual Resources appointed GreenMet as a strategic advisor in 2026.
Maiden drilling at the Nevada site is planned before the end of 2026.
New US defense sourcing restrictions on tungsten take effect in 2027.
Roadmap
This project marks a significant effort to revive domestic production of a critical mineral that has been absent from US mines for over a decade. By aligning with impending defense sourcing mandates, the company is attempting to secure a strategic foothold in the future electric vehicle and defense manufacturing supply chain.
The potential domestic sourcing of tungsten could stabilize supply chains for manufacturers of high-performance components used in electric vehicles and defense technology. Drivers may not see immediate changes, but the project aims to reduce national reliance on imported minerals restricted by upcoming defense policies.
The takeaway
Securing a reliable domestic source for critical minerals is becoming a priority for US defense and automotive sectors. Investors and stakeholders should monitor upcoming announcements from GreenMet regarding the project's preferred funding strategy.
What happens next
Maiden drilling at the Nevada Scheelite project is scheduled to begin before the end of 2026.
Further reading
Learn more about the infrastructure behind the Electric Vehicles industry.
Source note: This article includes information reported by Mining Weekly.
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