GoldHaven Resources acquires three tungsten claims in British Columbia

GoldHaven Resources (CSE: GOH | OTCQB: GHVNF) announced Tuesday that it has entered into an agreement to acquire 100% of the Kuhn, Dead Goat, and M3 claims in British Columbia from Fundamental Resources. The company will issue 1,250,000 common shares, subject to a 36-month escrow release schedule. The transaction is expected to be completed on June 24.

The claims total 1,100.6 acres and host a historic resource of 409,300 tonnes at 0.48% WO₃ (tungsten trioxide) and 0.134% MoS₂ (molybdenum disulfide) in the Kuhn North zone in the Cassiar Mining District northwestern BC, within the company’s flagship Magno project. 

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. Its resilience to extreme temperatures and wear makes it vital in aerospace, advanced manufacturing, and nuclear energy. 

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 included 17 diamond drill holes totaling 1,766 metres, confirming the presence of high-grade scheelite (CaWO4) and molybdenite (MoS₂).

The company said the property hosts a well-developed skarn-type mineralization system, and that 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 said. “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.”

GoldHaven Resources stock closed the day up 15% in Toronto. The company has a C$2.8 million ($2m) market capitalization.