Two Core Assets

Eagle Project (Nevada) - High Grade Tungsten

A past-producing, high-grade district-scale tungsten system with significant exploration upside.

Spartan launched its Phase 1 exploration program in 2025, including drilling and characterization of historic Tungstonia tailings to define grade, geometry, and recovery potential. 

Results will guide a larger-scale drill campaign in 2026, targeting multiple high-priority zones across the district.

Victorio Project (New Mexico) - Large Scale Tungsten

The largest tungsten resource in the United States, with significant tonnage and development potential. 

Spartan plans to:
• Develop exploration plans to unlock further value through systematic drilling and resource validation
• Update the 2008 PEA and Mineral Resource Estimate to reflect current tungsten prices and project economics

High‑Grade US Tungsten Project (Eagle)

Historic WO₃ production: ~0.6–0.9% from the past-producing Tungstonia mine; strong exploration upside.

Largest U.S. Tungsten Resource (Victorio)

Historic M&I + Inferred resource base with development potential

Multi‑Commodity Critical Minerals

W, Rb, Sb, Bi, Mo, As + Cu, Ag, In, Au, Pb, Zn identified at surface.

U.S. Department of War Alignment

Strategy focused on domestic supply for critical/defense minerals.

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Positioned for Growth in America’s Critical Mineral Supply Chain

Spartan’s portfolio targets tungsten and other critical minerals central to U.S. industrial resilience and national security - all of which the U.S. currently imports in large part or entirely.

As U.S. policy accelerates support for domestic sourcing of defense and technology metals, Spartan is uniquely positioned to benefit from both geological potential and national demand.

Tungsten (W)

Armor plating, aerospace, high-strength tools - 100% important reliance for some tungsten products

Rubidium (Rb)

GPS systems, advanced electronics. US is 100% import reliant - Spartan Metals as possibly only domestic source

Antimony (Sb) • Molybdenum (Mo)

Flame retardants, batteries, alloys. Critical for defense and energy.

Bismuth (Bi)

Rising use in green tech and defense supply chains

Arsenic (As)

Semiconductor devices, alloys. 100% US important reliance on key arsenic compounds

Silver • Copper • Lead • Zinc

Essential for electrification and renewable technologies.

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