Pure Tungsten

Pre-IPO Investment Opportunity

Invest in a Global Tungsten Producer Before Production Launch and Listing in Canada

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Equity Raise: Canadian company restarting two large-scale high-grade tungsten mines in South Korea and Tajikistan

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Near-term re-rating catalysts: Production start-up in Q4 2026 and upcoming planned public listing (Targeted for H2 2027)

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Fast path to cash flow: Low-capex, high-margin restart with development already underway

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Valuation disconnect: Private entry point (pre-IPO) at a fraction of publicly traded tungsten peers

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Proven operators: Experienced management with a strong track record in mine acquisitions, restructurings, and restarts

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Financing terms: C$10 million raise at C$0.80 per share private placement

Closing Date: November 20, 2026
Pure Tungsten

⚒️ Path to Production & Listing: C$10 Million Pre-IPO Equity Raise

  • •Pure Tungsten Inc. is a private critical minerals company advancing toward tungsten production in October 2026 at its mine and fully built mill in South Korea with a public listing planned for H2 2027
  • •Additional tungsten asset in Tajikistan with world-class 0.9%+ WO₃ grade, one of the highest grade tungsten mines globally being developed in JV with Tajikistan's biggest company, TALCO.
  • •Severe tungsten shortages approaching – currently in high global demand
  • •Pure Tungsten's focus is to produce strategic tungsten for buyers trying to reduce their reliance on Chinese tungsten (~85% of supply is controlled by China)
  • •JORC Compliant Resource Report for the Ssangjon tungsten mine in South Korea is expected to be completed by end October 2026
  • •Strong relationship and support from South Korean Government as part of the strategic Critical Minerals Initiative. South Korea is an advanced Asian economy and a Tier 1 mining jurisdiction.
Closing Date: November 20, 2026
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Aerial view of the Ssangjon tungsten mine and mill site in South Korea
Pure Tungsten team at the Ssangjon mine portal in South Korea
Pure Tungsten management meeting YG-1, a South Korean tungsten tool manufacturer
Pure Tungsten team inspecting the tungsten processing plant in South Korea
Pure Tungsten

📈 Upside on Investment

Pure Tungsten offers a rare opportunity to invest in a privately held, growth-focused critical minerals company — just as it prepares for a production launch and public listing.

  • ✔The Ssangjon mine in South Korea expected to start production in Q4 2026
  • ✔Initial production target of 1,000 tonnes of tungsten per annum, ramping to 4,000 tonnes/year by 2028 (combined with its Tajikistan project)
  • ✔By 2028, Pure Tungsten is set to produce 4% of the global tungsten mine supply
  • ✔Strong re-rating potential as the company transitions from pre-production to revenue-generating operations.
  • ✔Investors gain early-stage exposure to tungsten — a designated critical mineral — at a time of high strategic value and limited non-Chinese supply.
Pure Tungsten

📊 The Valuation Gap

Currently private and raising C$10 million at $0.80 per share, Pure Tungsten is valued at just a fraction of the valuation of comparable public peers:

Comparison of Pure Tungsten, EQ Resources, and Tungsten West by 2027 tonnes and valuation

→ highlighting the upside potential of Pure Tungsten as it lists publicly and scales to 4,000 tonnes/year by 2028.

Significant Upside Potential for Investors in 2026

Three Near-Term Catalysts Driving Growth & Valuation

Production Start

Tungsten Production targeted for Q4 2026.

Near term target = 1,000 tonnes p.a.

Public Listing

Significant valuation uplift expected upon listing, backed by a strong tungsten market driven by defense demand.

Production Growth

Our South Korean and Tajikistan projects target production growth to 4,000 tonnes p.a. by 2028

Pure Tungsten

⏰ Why Invest Now?

Pure Tungsten Inc. is positioned in the middle of surging tungsten demand and diminishing supply from China:

  • 🔹Tungsten is now a top-tier strategic metal, essential for defense, aerospace, energy, and high-tech manufacturing.
  • 🔹China controls ~85% of global tungsten supply, including mining and downstream refining. Recent trade restrictions and worsening China–U.S. relations have created supply chain instability and urgency to diversify.
  • 🔹NATO and allied restocking needs, rising European defense budgets, and new U.S., EU, and South Korean funding for critical-mineral projects outside China are all converging to drive demand for secure tungsten sources.
  • 🔹Limited near-term tungsten producers outside China — Pure Tungsten is advancing one of the most strategically located and development-ready platforms in this emerging supply chain.

🛡️ Tungsten is no longer an industrial metal, but a geopolitical asset.

Aerial view of the tungsten mine site and ore stockpiles
Underground inspection of the tungsten mine workings
Interior of the tungsten processing mill
Pure Tungsten tungsten project site
Pure Tungsten

The Second World-Class Tungsten Asset

Maykhura - Tajikistan

Aerial view of the Maykhura tungsten mine in TajikistanMountain landscape surrounding Maykhura, Tajikistan
  • 🔸Past-producing high-grade tungsten mine, last operated in the 1970s – once supplied up to a third of the Soviet Union’s tungsten
  • 🔸Third highest grade tungsten mine globally – ~2 million tonnes of 0.93% WO₃
  • 🔸Historical operations have left behind 900,000 tonnes of tailings already sitting at surface at an average grade of ~0.4% WO₃
  • 🔸JORC Compliant Mineral Resource Report expected in Q1 2027; Phase 2 project now advancing
  • 🔸Strong South Korean industrial interest from tungsten consumers and industrial users across the semiconductor, aerospace, defence and machine-tool sectors.

Pure Tungsten Equity Raise Key Information

TYPE OF RAISE:Pre-IPO equity raise
DESCRIPTION:Pure Tungsten Inc. – A Canadian critical minerals company progressing towards a planned H2 2027 public listing, with its first tungsten project in South Korea fully funded and its Phase 2 project in Tajikistan now advancing.
GO PUBLIC/IPO DETAILS:In discussions for IPO or RTO in London or New York. Target H2 2027.
RAISE AMOUNT:C$10M @ C$0.80 per share
PRE-RAISE MARKET CAP:~C$240 Million
TERMS:Private placement at C$0.80 per share. Minimum investment C$5,000.
CLOSING DATE:November 20, 2026

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Pure Tungsten Equity Raise

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Closing Date: November 20, 2026