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Viking Mines Limited ( (AU:VKA) ) has provided an announcement.
Viking Mines Limited has announced its acquisition of a 100% interest in six tungsten projects in Nevada, USA, a strategic move given the geopolitical importance of tungsten and its critical status in the US. This acquisition, supported by a $750,000 investment from American Tungsten, positions Viking to capitalize on the high demand and record prices for tungsten, as well as potential US government funding, enhancing its market position and offering substantial shareholder value.
More about Viking Mines Limited
Viking Mines Limited is a company operating in the mining industry, focusing on the acquisition and development of mineral resources. The company is engaged in the exploration and production of critical minerals, with a particular emphasis on tungsten, a vital component in defense, aerospace, and high-performance manufacturing sectors.
Average Trading Volume: 3,929,506
Technical Sentiment Signal: Sell
Current Market Cap: A$9.52M
Find detailed analytics on VKA stock on TipRanks’ Stock Analysis page.