GoldHaven Resources acquires three tungsten claims in British Columbia

Staff Writer | June 17, 2025 | 5:04 pm Critical Minerals Exploration Canada Tungsten

The Tuya River canyon, Northwest British Columbia. Stock image.

GoldHaven Resources (CSE: GOH) has entered an agreement to acquire the Kuhn, Dead Goat and M3 claims located within its flagship Magno project in northwestern British Columbia.

As consideration, the company will issue 1.25 million common shares to the claim owner Fundamental Resources. At press time, the stock traded at C$0.12 apiece in Toronto.

The three acquired claims cover an area of 1,100 acres and host a historic resource of 409,300 tonnes at 0.48% WO₃ (tungsten trioxide) and 0.134% MoS₂ (molybdenum disulfide), all within the Kuhn North zone.

Tungsten has emerged as a critical mineral of strategic importance as it is essential to modern defense systems, including armor-piercing munitions, kinetic energy penetrators and aircraft turbine components.

Tungsten’s emerging supply chain

China, which controls over 80% of global tungsten production and refining, enacted strict export controls in February that have effectively halted shipments of key tungsten products.

Kuhn and Dead Goat properties

Historic drilling by Shell Canada, comprising 17 diamond drill holes totaling 1,766 metres, confirmed the presence of high-grade scheelite and molybdenite.

The company said the property hosts a well-developed skarn-type mineralization system, and recent exploration has confirmed significant tungsten and molybdenum mineralization in metasomatic skarn lenses, with ongoing potential for resource expansion.

“We are very pleased to expand our presence in this underexplored but highly prospective region of British Columbia,” GoldHaven CEO Rob Birmingham said in a news release.

“The Kuhn and Dead Goat deposits share a geological setting similar to Cantung and Mactung, both large tungsten skarn deposits in Canada,” Birmingham noted. “This strategic acquisition comes on the heels of continued strong demand for commodities caught in the middle of global tariff battles—particularly tungsten.”

“Historic work by Shell Canada, coupled with more recent exploration by Fundamental Resources, has highlighted the potential for a high-grade skarn system that could support a future development opportunity,” he added.

GoldHaven Resources closed 15% higher at Tuesday’s market close, for a market capitalization of C$2.8 million ($2 million).