ASX-listed Tungsten Mining will pursue a listing on a major US exchange as part of a broader strategy to position itself within allied critical minerals supply chains and accelerate development of its tungsten portfolio.

The company, which is already listed on the ASX and trades on the OTCQB in the US, said it is targeting an uplisting to either the Nasdaq or the NYSE in addition to maintaining its existing Australian listing.

The proposed US listing is intended to strengthen engagement with US government agencies, defence and advanced manufacturing stakeholders, and strategic industry partners, while broadening its investor base and improving liquidity.

Chairperson Gary Lyons said the strategic importance of tungsten was continuing to grow as governments and industry sought to build more resilient supply chains.

“We believe the strategic importance of tungsten continues to increase as governments and industry focus on building resilient and secure supply chains. Our decision to pursue a United States listing reflects the strong alignment we see between TGN’s globally significant tungsten portfolio and US strategic priorities. As we progress offtake discussions and deepen engagement across the United States and Europe, we believe access to US capital markets will be an important enabler of our long-term growth strategy,” he said.

The company believes a US listing could enhance strategic optionality, including greater flexibility to pursue partnerships, offtake arrangements and corporate transactions, while providing access to deeper pools of North American institutional capital. It will also allow the company to raise funds in US dollars.

Tungsten Mining executives are scheduled to visit the US in March as part of the process, with a potential listing targeted for the third quarter of 2026, subject to regulatory approvals.

The company has engaged Ellenoff Grossman & Schole as US legal counsel and Squire Patton Boggs as its specialist US public advocacy firm to support the process.