In a recent interview with market maker Darren Cudmore, host for InvestorNews.com, he spoke with Brett Marsh, President, CEO, and Director of Spartan Metals Corp. (TSXV: W | OTCQB: SPRMF), following the company’s announcement that it has acquired what it describes as the largest tungsten resource in the United States.
The acquisition of the Victorio project marks a defining shift for Spartan Metals, elevating it from an emerging junior to a company with scale in a market increasingly focused on supply security. “To put it into the portfolio now and give us the largest resource base in the United States for tungsten is really exciting,” Marsh said, noting the project’s bimetal nature with molybdenum as a potential economic enhancer.
Tungsten’s growing strategic importance underpins the company’s positioning. With no primary U.S. production since 2015, Marsh pointed to sustained demand driven by defense and advanced manufacturing applications. “It’s really something that’s in high demand because of our military usage and other technological usage,” he said.
Spartan’s focus on tungsten was not incidental. Marsh described a deliberate strategy built around identifying metals with limited substitutes and strong geopolitical relevance. “It became apparent that tungsten was actually a very unique metal in the critical metal space,” he said, adding that the company structured itself accordingly—even selecting the ticker symbol “W” to reflect that focus.
While the Eagle project provided the company’s initial foundation, Victorio now represents its flagship asset due to its scale and prior technical work, including a 43-101 compliant preliminary economic assessment completed in 2018, which the company plans to update with current economics in 2026.
Since listing in August 2025, Spartan has moved quickly—raising capital, advancing exploration, and consolidating assets. With approximately 41.5 million shares outstanding and significant insider ownership, Marsh emphasized alignment as the company accelerates development. Near-term priorities include updating resource models, advancing permitting, engaging with U.S. government stakeholders, and initiating drilling programs across its portfolio. “It’s definitely a situation where we’re going to be moving fast and trying to deliver as much to the market as we said we’re going to do,” Marsh said.
To access the complete interview, click here
Don’t miss other InvestorNews interviews. Subscribe to the InvestorNews YouTube channel by clicking here
Leave a Reply