Exploration Co. Secures High-Grade Tungsten Expansion in Washington State

1. Adamera Minerals Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. 
2. 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 Adamera Minerals Corp.
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1. Disclosure for the quote from the John Newell article published on February 11, 2026

1. For the quoted article (published on February 11, 2026), Adamera Minerals Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.
2. Author Certification and Compensation: John Newell of John Newell and Associates was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a  U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

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2. 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.

On April 30, 2026, Adamera Minerals Corp. (ADZ:TSX.V)  announced the acquisition of additional mineral claims at its Talisman tungsten project in Washington. This acquisition more than doubles its previous land position.

Mark Kolebaba, CEO of Adamera, said in the release, "We have successfully secured strategic ground around our Talisman and Tungsten Ridge projects. As we launch our 2026 exploration campaign on these properties, our focus shifts to developing targets for drill permitting. The historic Talisman mine is a former high-grade mine that delivered exceptional grades, making it an obvious priority for ongoing work. Equally compelling is our discovery of a new occurrence just 700 meters from the Talisman mine. We are now preparing a comprehensive exploration program to define the intensity and distribution of tungsten mineralization."

The Talisman 2026 project is designed to find drill-ready targets through the following systematic approach:

• Magnetic inversion: completing a 3-D inversion of ground magnetic data to image the structural controls at depth;
• 3-D predictive modeling: integrating historical mine data with modern magnetic surveys and detailed topography to build a robust 3-D predictive model;
• Geophysical surveying: executing a ground VLF-EM (very low frequency electromagnetic) survey over the property to delineate shallow conductive zones;
• Geochemical fingerprinting: conducting comprehensive soil surveys to identify geochemical halos that coincide with magnetic and conductive anomalies;
• Field validation: groundtruthing high-priority anomalies, to specifically advancing the 0.33 percent WO3 discovery located 700 metres south of the historic mine;
• Target ranking and permitting: finalizing the drill plan to test the highest-priority skarn targets and securing the necessary drill permits.

The company will also spend 2026 exploring its recently announced Tungsten Ridge Project in Washington.

Adamera Minerals Corp. is a Canadian company with a traditional focus on high-grade gold, silver, and copper exploration in B.C. and Washington, U.S. The company is now positioning itself to provide an uninterrupted domestic supply of tungsten to the U.S. market.

Tungsten Demand Soaring Amid Domestic Shortage

Trade tensions between the U.S. and China, as well as the rise of the U.S.-Iran War, have affected commodities prices over the past few weeks. Tungsten is necessary for waging war effectively, as it is a major component in weaponry. China is the world's largest tungsten producer, and it has stopped shipping to the U.S. As Almonty's CEO told CNBC on March 31, 2026, "There's no material to stockpile. That's probably the biggest change."

Ashitha Sivaprasad for Reuters wrote about the metal market on April 29, 2026, writing, "Project Blue estimates the global tungsten market was about 129,000 ​metric tons in 2025. ​It added ⁠that defense demand, currently estimated at around 12% of the tungsten market, is expected to grow to roughly 15% ​between 2027 and 2028, as stockpile replenishment keeps demand ​elevated" and that "the automotive sector, consuming 25%-30% of tungsten, is currently the largest consumer, though rising EV adoption may curtail consumption, [while] defense-sector demand is growing about 8% annually, ⁠and ​if trends hold, defense could overtake automotive as ​tungsten's largest consumer by the mid-2030."

On March 23, Ahead of the Herd, wrote, "Outside of China, which accounts for 83% of global supply, there are only a few tungsten mines, making exploration imperative. . . The end result of skyrocketing demand for tungsten, due to militaries rearming and the war in Iran, combined with limited supply, is the metal has jumped 557% in a little over a year."

This supply cut-off has elevated tungsten's already-rising prices, with the metal hitting a record high of over US$3,000 mid-March. "From ~US$300 per metric tonne unit (a measured equal to 10kg) in early 2025, the price ran to around US$920/mtu in early 2026. By March 20, it hit US$2650/mtu, a full US$400/mtu higher than March 13," wrote Josh Chiat of Stockhead.com on March 25. Chiat pointed out the high demand for tungsten paired with the little opportunity to actually source it, saying, "Have a tungsten mine right now, and the investment will come."

A 'Surprise to the Upside'

¹While Adamera is going after tungsten, John Newell of John Newell & Associates refocused on its established reputation as a gold explorer in a February 11, 2026, opinion piece for Streetwise Reports. He wrote: "For investors seeking leverage to a strengthening gold market, Adamera represents a 'Speculative Buy' around CA$0.10, with the understanding that success largely hinges on upcoming drilling programs."

He went on to say, "As always, position sizing and risk management matter. But in a rising metal price environment, this is the type of setup that can often surprise to the upside." Newell considers Adamera's Flag Hill South project in the Republic Gold District of Washington as one of the most immediate value drivers the company owns.

Tungsten Exploration Ongoing

Investors are watching Adamera's projects — Buckhorn 2.0, the Empire Creek Project, Flag Hill (and Flag Hill South), the Talisman historic mine, and the Hedley Copper-Gold Project — to see what will come of drill results in 2026.

The company is exploring for a solid domestic source of tungsten.

Ownership & Share Information²

Adamera Minerals Corp. has a market cap of CA$8.13 million and 54.3 million shares outstanding. The company's 52-week range is CA$0.05-CA$0.17. Institutions own 3.29% of shares, while Management & Insiders own 4.61%. The remaining 92.1% of shares are Retail.