TSX-V:W
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OTCQB: SPRMF
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TSX-V - W

Our Metals

TUNGSTEN & RUBIDIUM APPLICATIONS

US is heavily import reliant for key defense critical metals – found in high concentration at Spartan’s Eagle Project

TUNGSTEN (W)

  • Not mined commercially in the US since 2015
  • China dominates production
  • Applications:
    • Technology
    • Electric Vehicles
    • Industrial
    • Military (armaments and steel)
  • 2024 market size estimated at US$5.13 Billion¹
  • Market CAGR expected at 8.0% to US$4.49 Billion by 2032¹

RUBIDIUM (Rb)

  • Produced as by-product (low-grades of ~50 ppm)
  • Applications:
    • Biomedical Research
    • Electronics
    • Specialty Glass/Solar Cells
    • Military (Atomic Clocks and Night Vision Glasses)
  • 2024 market size estimated at US$4.95 Billion¹
  • Market CAGR expected at 5.5% to US$8.45 Billion by 2034¹

US IMPORT RELIANCE

  • 100% import reliance on 12 of 50 critical minerals, including Rubidium, Arsenic and Indium
  • +50% import reliance on an additional 28 critical minerals, including Tungsten, Silver, Tin, Antimony, and Bismuth
  • Eagle Project hosts significant concentrations of at least 11 critical minerals as defined by the US government

US CRITICAL MINERALS – A NEW BIPARTISAN INITIATIVE

SPARTAN METALS POSITIONED TO MEET US CRITICAL METALS ONSHORING OBJECTIVES

January 20, 2025: President Trump declares National
Energy Emergency that includes specific focus on critical
minerals

March 20, 2025: Executive Order to increase American
mineral production
April 15, 2025: Executive Order to Ensuring National
Security and Economic Resilience Through Sections 232
Actions on Processed Critical Minerals and Derivative
Products.

RUBIDIUM FACTS

  • US 100% import reliant
  • Produced from pollucite (zeolite), micas, and recovered as by -product from lithium brine production (very low concentrations typically below 100 mg/L)
  • On USGS Critical Minerals List – Primary use in research and development with several military applications
    • Atomic Clocks – precision timekeeping for communications and weapons. GPS augmentation for missile guidance and support for component miniaturization
    • Night Vision Imaging
    • Radar
    • Radiation detectors
    • Infrared signal lights
    • Photocells – high-efficiency perovskite solar cells
  • Prices range from $5 – $120 per gram varying by end-product purity

ANTIMONY FACTS

  • Used in many military applications:
    • Ammunition
    • Night vision goggles
    • Infrared sensors
    • Explosives
    • Nuclear weapons
    • Optics
    • Laser sighting
  • China has bulk of world’s identified Sb resources and much of world’s Sb is shipped to China for smelting

MANGANESE FACTS

  • Primary element in Eagle tungsten ore (huebnerite)
  • On USGS critical mineral list
  • US imports all manganese ore and alloys
  • No significant production in US since 1973
  • Uses:
    • Alloy to steel to increase strength
    • Oxidizing agent
    • Battery manufacturing