Pinnacle Targets Five Utah Tungsten Projects In Scrip-Only Deal
Pinnacle Minerals has agreed to acquire APT Tungsten, which holds rights to five early-stage Utah projects covering approximately 4,000 acres, with consideration in shares and performance shares rather than cash. The company also plans a placement of up to approximately $1 million, with American Tungsten & Antimony participating, and says exploration could begin in January 2027 subject to completion and shareholder approval. Selective rock-chip samples at Lone Pine returned grades of up to 12% tungsten, which the company says are not representative.
Closing price · 2026-10-26: $0.048 · +17.07%