Foxtungsten.com                    TSXV: FOXT

The Fox Tungsten Project

A Strategic Combination of
High-Grade Tungsten Reserves and Shovel-Ready Infrastructure

Why Tungsten?

Tungsten has the highest melting point of any metal – around 3,410 °C (6,170 °F).

With a hardness near 9.5 on the Mohs scale, tungsten carbide is one of the hardest materials used in industry, being widely used in wear-resistant alloys, cutting tools, drill bits, and mining equipment.

Tungsten’s physical properties make it indispensable when it comes to military applications, such as armor-piercing ammunition, and aerospace components.

With geopolitical tensions and military spending increasing worldwide, Tungsten’s utility in defense manufacturing has become more important than ever.

Now is the Time for Tungsten

With China constraining tungsten supply, tungsten prices have hit record highs in early 2026.

Western governments are attempting to reduce reliance on China by searching for new tungsten mines outside China.

The Problem:

There are no Tungsten producing mines in North America.

The Opportunity:

The Fox Tungsten Project

On top of being a potential North American supplier of tungsten, the project is…

◇ Strategically positioned in the South Cariboo region of British Columbia, a stable, mining friendly, Tier 1 jurisdiction with established regulatory frameworks.

◇ One of the highest-grade tungsten projects globally.

◇ Open for expansion along strike and down dip.

◇ Similar in geology, grade, and style to the Cantung and Mactung deposits in NWT, only in a much more advantageous location.

In 2018, the company published a NI43-101 Resource Estimate for the Fox Tungsten Project.

The resource estimate included an Indicated Resource of 582,400 tonnes at 0.8% WO₃ and an Inferred Resource of 565,400 tonnes at 1.2% WO₃.

Last year, FOXT completed eighteen diamond core drill holes were at the Fox Project for a total of 2,176 meters drilled.The drilling was focused on the expansion of the tungsten resource at the RC and BN zones and the identification of new zones.

RIDLEY CREEK

At the RC zone, FOXT’s 2025 drill program focused on expanding the footprint of the extent of the tungsten mineralization.

Highlights at the RC zone include:

◇ 1.1 meters grading 6.8% WO₃ from 31.2 m downhole depth in hole F25-13

◇ 1.0 meters grading 2.2% WO₃ from 47.0 m downhole depth in hole F25-01

◇ 0.9 meters grading 1.1%% WO₃ from 36.5 m downhole depth in hole F25-02

BN ZONE

Drilling at the northwest side of the BN Zone intersected several mineralized calc silicate horizons that support a stacked layer model with one horizon some 200 meters below surface.
◇ In hole F25-16: 1.0 meters grading 0.8% WO₃ from 105.0 m downhole depth and 1.6 meters grading 0.5% WO₃ from
218.3 m downhole depth

◇ In hole F25-17: 2.5 meters grading 0.2% WO₃ from 106.2 m downhole depth and 2.00meters grading 0.7% WO₃ from 215.0 m downhole depth