Tale of the Tape: A New Mexico Tungsten Explorer Weighs In Before a Maiden Drill Program
Key Highlights
- ➤Western Star plans 17-hole, approximately 1,850-metre maiden drill program at Eagle Point
- ➤Western Star assays: 14 of 23 samples exceeded 0.10% WO3; maximum reached 0.55% WO3
- ➤Howmet Q3 revenue $2.70 billion, up 29% year over year
- ➤HII raised fiscal 2026 shipbuilding revenue guidance to $10.5-$10.7 billion
- ➤Mercury raised fiscal 2027 outlook as backlog approached $2.1 billion
- ➤Textron raised 2026 adjusted EPS outlook to $6.55-$6.65
Expert Statements
Blake Morgan, CEO and President of Western Star Resources
“The drone survey has done exactly what we needed it to do at Eagle Point”
Blake Morgan, CEO and President of Western Star Resources
“With the contact mapped and the 3D model updated, we are going into the maiden drill program with a much clearer picture of where to put the holes.”
John Plant, Executive Chairman and Chief Executive Officer of Howmet Aerospace
“Defense markets remain solid, with further spares needs and likely increases in legacy fighter builds”
Chris Kastner, President and CEO of HII
“Our third quarter results reflect solid performance across all three segments, and the significant awards we received during the quarter have now secured approximately 90 percent of our expected shipbuilding revenue through 2030. With that visibility, our focus is squarely on shipbuilding execution”
Bill Ballhaus, Chairman and CEO of Mercury Systems
“Our first quarter results reflect robust organic growth and margins that are in-line with our target profile. Based on this solid execution, we are raising our outlook for fiscal year 2027”
Lisa M. Atherton, CEO of Textron
“Higher jet deliveries at Textron Aviation and program execution at Textron Systems drove double-digit revenue growth at each of these segments. Bell continued to make significant operational progress on the MV-75 Cheyenne program.”
VANCOUVER, British Columbia, Nov. 11, 2026 (GLOBE NEWSWIRE) -- American News Group News Commentary - Starting January 1, 2027, a Pentagon contract clause reaches all the way back to the mine. From that date, Defense Federal Acquisition Regulation Supplement clause 252.225-7052 extends its restriction on tungsten metal powder and tungsten heavy alloy from China, Russia, Iran and North Korea to include the mining or production of tungsten ore or feedstock, and the U.S. Geological Survey says tungsten has not been mined commercially in the United States since 2015. Against that backdrop, here is an unusual weigh-in: a New Mexico tungsten explorer in one corner, and four U.S. aerospace and defense companies with fresh results in the other. Companies mentioned in today’s commentary include: Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2), Howmet Aerospace (NYSE: HWM), HII (NYSE: HII), Mercury Systems, Inc. (NASDAQ: MRCY), and Textron Inc. (NYSE: TXT).
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