A 10 kilometre stratabound tungsten belt with five occurrences and an 800 metre mineralised zone at its core, open along strike. The deposit style that built the largest tungsten mines in the world.[30][31][9]Historical exploration results are unverified and are not current mineral resources or reserves.
CSE:ALLG · British Columbia · Nevada
North American Tungsten For Allied Defense, Aerospace, Semiconductors, Munitions, Armour, Machining, Energy, Imaging, Electronics
The featured tungsten portfolio comprises four projects in British Columbia and Nevada, each with documented historical results and defined targets for modern exploration. The proposed acquisition remains subject to exchange review and approval and has not closed.
4Featured tungsten projects
2,046 haTotal tenure
16.2% WO3Peak historical sample
W
TungstenAtomic No. 74
The Opportunity
British Columbia · Nevada
A metal with demanding applications.
The featured portfolio comprises four tungsten projects across 2,046 hectares in British Columbia and Nevada. The proposed acquisition is pending exchange review and approval and has not closed. Historical results include 16.2 percent WO₃ at surface and 4.74 percent WO₃ over 2.03 metres of core at Thanksgiving, a tungsten belt at Five T's, and a past-producing skarn in Nevada.[30][32][34][35][33][36]Historical samples are unverified, are not current mineral resources or reserves, and do not establish average deposit grades. True widths are unknown.
USGS estimates China produced 67,000 of the world's 85,000 tonnes of tungsten in 2025; the United States has not mined tungsten commercially since 2015. From 1 January 2027, U.S. procurement restrictions extend to mining and feedstock for covered tungsten materials, subject to exceptions. A September 2026 European APT assessment reports a 220.7 percent rise since the start of 2026.[2][11][4]
CSE:ALLGNorth American TungstenAPT Europe / +220.7% YTD[4]China Exports / 2 T APT shipped Jan to May 2026[5]Thanksgiving / 4,587 m historical drilling, 1981[32]DFARS deadline / 1 January 2027[11]Five T's / 1.54% WO₃[30]Thanksgiving / 16.2% WO₃[33]Golden Scheelite / Past producer[35]Rio Grande / 7.25% W float[34]
The Comparison
The Sangdong Geological Analogue
Almonty describes Sangdong as one of the world's largest and highest-grade tungsten deposits, with an average ore grade of approximately 0.51 percent WO₃. Historical Five T's reports describe scheelite hosted in quartzite. Sangdong is presented here as a geological comparison only, not evidence of equivalent resources or production potential.
[8][30]A geological analogy is not evidence of equivalent grade, resources, mine economics or commercial viability. Allegiance's historical results are unverified.The Deadline
1 January 2027 Closes The Supply Chain
From 1 January 2027, U.S. procurement restrictions extend to mining and feedstock for covered tungsten metal powder and heavy alloy from covered countries, including China. S&P Global projects an ex-China supply gap of about 16,000 tonnes WO₃ in 2030, net of recycling. MMTA reports Chinese APT exports of only two tonnes in January to May 2026.
[11][3][5]The price change is a September 2026 assessment. Procurement exceptions apply; supply projections assume announced projects arrive as planned.The Grade
Historical Grades Worth Testing
Almonty reports an average ore grade of approximately 0.51 percent WO₃ at Sangdong. Historical Thanksgiving drilling reported 4.74 percent WO₃ over 2.03 metres of core. These figures describe different sampling scales and do not establish equivalent mine economics.
[8][32]An isolated historical surface sample or drill interval cannot be compared directly with a mine's average ore grade. These are not current mineral resources or reserves; true widths are unknown.The Position
Found By Majors. Owned By Allegiance.
Historical records describe work by Union Carbide, Canada Tungsten, Denison, Northair, Kerr Addison and Noranda on the featured portfolio ground. Northair's 1981 Thanksgiving program reported 4,587 metres of drilling. The featured portfolio spans British Columbia and Nevada; the proposed acquisition is pending exchange review and approval and has not closed.
[30][32][34][35]Asset Portfolio
A drill-tested scheelite skarn on Highway 23, 20 kilometres north of Revelstoke. 16.2 percent WO₃ at surface, 4.74 percent WO₃ over 2.03 metres in core, and eight target zones.[32][33]Historical exploration results are unverified and are not current mineral resources or reserves.
Scheelite skarn boulders to 7.25 percent tungsten, and the source dyke they came from, located by Denison Mines at 1,040 metres in 1980 and never sampled.[34]Historical exploration results are unverified and are not current mineral resources or reserves.
Tenure182 ha
A past-producing scheelite skarn on federal ground in Nevada that shipped tungsten to the United States government in 1953. 3.59 percent WO₃ in historical sampling. No royalty, no partner.[35][36]Historical exploration results are unverified and are not current mineral resources or reserves.
Market Data
The Position
Allegiance Resources trades on the Canadian Securities Exchange under the symbol ALLG (CSE:ALLG). Tungsten is priced in European APT.
CSE:ALLGLoading quote…
— CADAPT EuropeSeptember 2026
US$2,950per metric tonne unit+220.7% 2026 year to date[4]7 September 2026 assessment. US$2,950 is the midpoint of US$2,900–3,000/mtu, not a live quote.- Previous close
- —
- Day range
- —
- Volume
- —
- 52 week range
- —
CSE:ALLGCanadian Securities Exchange
Loading price history…
- Shares outstanding
- Not supplied by reference site
- Exchange
- CSE
- Transfer agent
- Endeavor Trust
- SEDAR+ filings
- View Documents →
Tungsten, Defense & the Billions in Funding — Critical Minerals Timeline
Policy milestones in Canada and the United States, 2026.
Country: Canada
Tungsten Highlighted in NATO-Related Defence Supply Discussions
[19]Analysis by the NATO Association of Canada, not an official NATO designation announcement.Country: Canada
C$3.6 Billion to Unlock Canada's Critical Minerals Advantage
[16]Country: Canada
C$2 Billion Critical Minerals Sovereign Fund Confirmed
[16]Included in the C$3.6 billion programs above, not additional funding.
Country: United States
U.S. Energy Department Opens Up to US$69 Million in Critical-Minerals Funding
[20]Funding opportunity, not an announcement of awards.Country: United States
Defence Demand and Export Curbs Drive Tungsten Mining Investment
[24]Country: Canada
Critical Minerals Accelerator's First Agreement Announced
[17]Country: United States
Trump Orders U.S. Defence Industry to Reduce Reliance on Foreign Critical Materials
[13]Country: United States
U.S. Authorizes Measures to Restrict Recoverable Critical-Material Exports
[14]Country: United States
U.S. Declares Recoverable Critical Materials Essential to National Defence
[14]Country: United States
U.S. Publishes Temporary Restrictions on Tungsten Scrap Exports
[15]Effective 27 August 2026 to 27 August 2027, subject to exceptions and adjustments.Country: Canada
Great Atlantic Creates Dedicated Atlantic Canada Tungsten Company
[23]Country: United States
U.S. Defence Agency Sets Up to US$2 Billion Tungsten Stockpile Contract Ceiling
[21]IDIQ maximum, not guaranteed spending. Includes a US$150 million funded commitment.Country: United States
Pentagon Commits US$450 Million to Strengthen U.S. Tungsten Supply Chain
[21]Country: United States
U.S. Awards US$36 Million Contract for Molybdenum and Tungsten Aerospace Materials
[22]Country: Canada
Parliamentary Committee Recommends Critical-Mineral Stockpiling for Defence
[18]Committee recommendation, not a funded stockpile announcement. Replaces an unverified 6 May announcement date.Country: Canada
Committee Calls for Stronger Defence-Critical Mineral Supply
[18]Committee report, not a verified separate 16 May government announcement.Country: United States
U.S. Faces Tungsten Supply Risk as China Dominates Mine Production
[2][3]Country: United States
Tungsten Is a Covered U.S. Defence Procurement Material
[12][11]Existing legal designation, not a new 2026 designation.Country: United States
America Announces Major Critical-Mineral Funding and Stockpile Agreements
[20][21]Funding offers, committed investments and contract ceilings are different measures and must not be summed as actual spending.
Allegiance sits in the crosshairs of this massive funding push.[16][21]Industry context only. These announcements do not establish a funding award to Allegiance.
The Ground
Four tungsten properties, two deposit styles, and a documented record of work.
Deposit Style
Scale and Setting
Tenure, access, and the extent of what is known.
10 km
Belt length at Five T's
Five recorded tungsten occurrences
[30][31]Historical work; not a current resource estimate.800 m
Mineralised zone traced at Five T's
10 to 15 m wide, open along strike
[30][31]Historical work; not a current resource estimate.4,587 m
Historical drilling at Thanksgiving
26 diamond and 59 percussion holes
[32]Historical work; not a current resource estimate.Thanksgiving lies 20 kilometres north of Revelstoke with road access to the showings from Highway 23. Five T's sits at the head of Albert Creek, 36 kilometres east of Revelstoke. Golden Scheelite is on federal claims in Humboldt County, Nevada, with existing road access to historical workings. Rio Grande covers Canyon Creek in southeastern British Columbia.[30][32][34][35]
Planned Work
What gets tested next.
Prospecting and geochemical sampling
Systematic rock and soil sampling across each property to verify historical occurrences under modern QA/QC protocols.
Channel sampling at Five T's
Continuous channels across the 800 metre mineralised zone to establish true width and grade continuity in the quartzite host.
Geophysics and target definition
Ground surveys over the skarn contacts at Thanksgiving and Golden Scheelite to define drill targets beneath cover.
Compilation of historical data
Digitisation and re-logging of the Thanksgiving drill record, and follow-up on the source dyke located at Rio Grande.
All programmes are subject to financing, permitting, and seasonal access.
Investor Updates
Follow the work as it happens on the ground.
Receive company news and project updates by email: sampling results, field programmes, and material announcements from Allegiance.
- Exploration & sampling results
- News releases as they happen
- Investor presentations
Subscribe for email updates. Unsubscribe at any time.
We respect your privacy.
Latest News
Press Releases & Market Updates.
View all releases →- Read press release
Pegmatite One Confirms 100% Interest in Golden Scheelite Tungsten Project, Humboldt County, Nevada
- Read press release
Pegmatite One Lithium and Gold Corp. Adopts Semi-Annual Reporting
- Read press release
CSE Bulletin: Consolidation - Pegmatite One Lithium and Gold Corp. (PGA)
- Read press release
Pegmatite One Investigates Strategic Diversification into Cryptocurrencies
Company filings are available on SEDAR+. Follow the links above to read the original press releases.
“We believe our troops deserve a secure supply of the critical minerals they rely on to protect our country. it’s about standing behind the men and women who stand behind us.”