Tungsten Prices Just Hit a 90-Year High

Get the full breakdown inside

May 05, 2026

*together with IDEX Metals

The United States and its allies are burning through an already strained tungsten supply chain.

Since the conflict began, more than 12,000 targets inside Iran have been struck, with some estimates closer to 15,000. A significant portion of certain missile stockpiles has already been used.

And each strike carries a hidden cost.

Every missile. Every artillery round. Every armor-piercing munition consumes tungsten. Once it's used, it's gone for good.

As a result, tungsten prices have surged 557% - hitting their highest level in over 90 years.

China still controls roughly 80% of global production and has begun restricting exports of this critical metal.

That's a problem.

The United States hasn't produced tungsten domestically in over a decade. So where does new supply come from?

One answer may be emerging in Idaho.

IDEX Metals (TSX.V: IDEX, OTCQB: IDXMF) has confirmed tungsten in multiple drill holes, alongside high-grade copper near surface.

This could be one of the few early-stage U.S. projects exposed to two critical metals the country urgently needs.

With phase II drilling set to begin in May, the next update could reveal what's really beneath this system.

Now may be the time to take a closer look - before the next wave of results hits the news.

DISCLAIMER: This publication is owned and operated by Sherwood Ventures LLC (“SV”). Full disclaimer: https://bullseyealerts.com/disclaimer/. NOT INVESTMENT ADVICE: We are a financial publisher, not a registered investment advisor. Content provided is for informational, educational, and promotional purposes only and should not be considered investment advice or a recommendation to buy or sell any security.

*PAID PROMOTION/COMPENSATION DISCLOSURE: SV has received two thousand dollars cash (via Think Ink Marketing) for this one day program on 5/5/26 for marketing efforts to increase public awareness of U.S. Gold Corp.  SV may have also previously been compensated for similar marketing efforts. As SV has received compensation from these companies, these parties have financial interests in the securities referenced. Further, SV and its affiliates may buy, sell, or hold positions in securities mentioned at any time without notice.

RISK WARNING: Investing involves substantial risk. Securities discussed may be highly speculative and volatile. Past performance is not indicative of future results, and you may lose some or all of your investment. Always consult a licensed financial professional before making investment decisions.