The Only Crew with Access to a $450 Million 'Gold Rush'

"But after decades of outsourcing tungsten production, the federal government has now begun restricting imports. United States Tungsten founders Stacy Hastie and Randy Waterfield saw this coming. They're reviving what was once America's largest tungsten mine, the Tungsten Queen. It's a site holding an estimated 1 million tons of tungsten with an in-ground value approaching $450 million, the company says. And it says it is already in talks with the U.S. Government."

"Tungsten is denser than lead and tougher than steel. The mineral is uniquely durable in extreme heat, making it the only choice for artillery, tanks, and more. It's a $3 billion market2 for the raw mineral alone. When you factor in the aftermarket demand for defense hardware and other goods, the conversation shifts to industries worth hundreds of billions of dollars."

Tungsten is critical for armor-piercing ammunition, missiles, aerospace components, and advanced electronics due to exceptional density and heat resistance. China dominates global tungsten mining and processing, creating strategic vulnerability for U.S. defense supply chains. The federal government has begun restricting tungsten imports to strengthen supply-chain security. United States Tungsten founders Stacy Hastie and Randy Waterfield are redeveloping the Tungsten Queen mine, estimated to contain 1 million tons of tungsten with an in-ground value near $450 million. The raw tungsten market is roughly $3 billion, while downstream defense and industrial demand expands into the hundreds of billions amid rising U.S. military budgets.

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