China is the world’s dominant producer of tungsten, accounting for about 80% of global output. In recent years, it has implemented policies that limit exports and prioritize domestic use. For example, as of December 2024, China introduced export controls on tungsten and other critical minerals classified as “dual-use” goods (items with both civilian and military applications), requiring licenses for shipments. These restrictions were further tightened in early 2025, with reports indicating a specific ban on tungsten exports to the United States. This move aligns with escalating tensions in the U.S.-China tech and trade war, where critical minerals have become strategic leverage points.
Fiireweed Metals
The Mactung Project is the world’s largest high-grade tungsten deposit*
Macpass is one of the world’s largest undeveloped high-grade zinc projects*
  • Fireweed has been awarded US$15.8 million by the US Department of Defense under the Defense Production Act (“DPA”) to advance Mactung

  • In 2025, Fireweed will undertake a comprehensive program including drilling, metallurgical testing, and flowsheet optimization to support a new Feasibility Study.

Vancouver, British Columbia: FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF, formerly known as Fireweed Zinc Ltd.) is pleased to announce a non-brokered private placement (the “Offering”) for gross proceeds of up to CAD$27,523,500. The private placement includes lead orders by members of the Lundin family (“Lundins”) and other key shareholders

  • The Lundins’ participation in the Offering makes them collectively Fireweed’s largest shareholder