Mineral Explorer Identifies Three Tungsten-Copper Drill Targets in Washington

On June 16, 2026, Adamera Minerals Corp. (ADZ:TSX.V)  reported three priority drill targets at its Talisman tungsten property in Washington state that have been identified by geophysical modeling. Adamera used 3D inversion modeling of ground magnetic data that defined deep magnetic features that could potentially be associated with tungsten-copper-silver mineralization. The former high-producing Talisman mine has historic mine development of 600 meters, and the new modeling extends approximately 1,000 meters along strike and at depths up to 200 meters below the workings.

Mark Kolebaba Adamera’s CEO, said in the release: “Historically, the mine exploited only a very small portion of what now appears to be a much larger mineralized system. We have long known that the magnetic anomaly extended beyond the mine workings laterally. What this inversion confirms is that it also extends to depth below the historic workings.  We have also identified two other undrilled anomalies, one centered on a surface sample of 0.33% WO₃ (tungsten).  A third target lies below multiple high-grade copper-silver samples collected at the surface. Field crews are mobilizing this month to advance the targets towards drill testing.”

The primary drill target, Mine Zone, includes the following key characteristics:

• Approximately 1 kilometer of strike extent.  
• Modelled depth extent exceeds 200 meters and remains open at depth.  
• Historic mining occurred along the eastern flank of the anomaly, a favorable structural position commonly associated with high-grade replacement mineralization in skarn systems.  
• Represents the highest-priority drill target on the property.

The next target, Southern Discovery, is located around 720 meters from the historic mine. Key characteristics include:

• More than 200 meters of modeled depth extent.  
• No historic drilling, trenching or underground development.  
• In tungsten-skarn systems, scheelite precipitates where calcium-saturated carbonate fluids intersect tungsten-bearing magmatic inputs at structural gradient transitions. The coincidence of a high-grade surface sample with a depth-persistent magnetic body is consistent with a buried, potentially mineralized skarn.

The third target, Central-Western Anomaly, includes the following characteristics:

•  Strong dipolar magnetic response typical of magnetite-bearing skarn systems.  
• Surface cover has limited historic prospecting and sampling.  
• Elevated copper values have been identified in the area.  
• A structural lineament links the anomaly to the mine zone target, suggesting a common hydrothermal source.  

This month, Adamera is mobilizing field crews to advance the targets toward drill testing, with panned work including: soil and rock sampling along structural corridors, prospecting and geological mapping of magnetic gradient zone, and VLF-EM surveying to identify conductive sulphide-bearing structures and alteration halos.

The day prior to this announcement, Adamera announced a non-brokered flow-through financing of 6,000,000 units for CA$900,000. Each unit will consist of one common share and one-half common share purchase warrant, with each full warrant exercisable at CA%0.40 for two years from the date of issuance. The company noted that funding will be used for qualifying explorations at the South Hedley project in British Columbia.

Adamera Minerals Corp. is a Canadian company with a traditional focus on high-grade gold, silver, and copper exploration in British Columbia, Canada, and Washington, U.S. The company is also positioning itself to provide an uninterrupted domestic supply of tungsten to the U.S. market.

Tungsten Necessary for Industrial Use

Tungsten is a niche metal market, but its performance has rivaled larger markets. “Project Blue estimates its value at about US$16 billion this year — roughly 5% of the copper market at current prices. It is also far more opaque and illiquid, as it does not trade on major exchanges. Even so, its gains over the past year have far outpaced those of commodities such as gold and oil,” according to an article by Mining.com. As one of the strongest metals in the world, its use in weaponry is critical in a time of war.

China, Russia, and North Korea produce roughly 90% of the world’s tungsten, which has left the U.S. scrambling to secure solid domestic supply sources since the President Trump’s tariffs sparked tension between the nations.

Ashitha Sivaprasad for Reuters wrote about the metal’s market on April 29, 2026, writing, “Project Blue estimates the global tungsten market was about 129,000 ​metric tons in 2025. ​It added ⁠that defense demand, currently estimated at around 12% of the tungsten market, is expected to grow to roughly 15% ​between 2027 and 2028, as stockpile replenishment keeps demand ​elevated” and that “the automotive sector, consuming 25%-30% of tungsten, is currently the largest consumer, though rising EV adoption may curtail consumption, [while] defense-sector demand is growing about 8% annually, ⁠and ​if trends hold, defense could overtake automotive as ​tungsten’s largest consumer by the mid-2030.”

Analysts See Value-Drivers

¹John Newell of John Newell & Associates focused on Adamera’s established reputation as a gold explorer in a February 11, 2026, opinion piece for Streetwise Reports. He wrote: “For investors seeking leverage to a strengthening gold market, Adamera represents a ‘Speculative Buy’ around CA$0.10, with the understanding that success largely hinges on upcoming drilling programs.”

He went on to say, “As always, position sizing and risk management matter. But in a rising metal price environment, this is the type of setup that can often surprise to the upside.” Newell considers Adamera’s Flag Hill South project in the Republic Gold District of Washington as one of the most immediate value drivers the company owns.

²On April 24, 2026, Stewart Thomson discussed the company’s progress, writing, “A breakout from a six-year channel seems imminent and would usher in substantial upside price action.” Thomson gave the company a short-term price target of CA$0.28, a medium-term target of CA$0.80, and a long-term target of CA$1.50. 

Multiple Projects in Development

Investors are watching Adamera’s projects — Buckhorn 2.0, the Empire Creek Project, Flag Hill (and Flag Hill South), the Talisman historic mine, and the Hedley Copper-Gold Project — to see what will come of drill results in 2026.

The company is exploring for a solid domestic source of tungsten.

Ownership & Share Information³

Adamera Minerals Corp. has a market cap of CA$8.13 million and 54.3 million shares outstanding. The company’s 52-week range is CA$0.05-CA$0.17.

Institutions own 3.29% of shares, while Management & Insiders own 4.61%. The remaining 92.1% of shares are Retail.