Fireweed nets $44M to advance zinc, tungsten projects in Canada’s North
- β’Hey everyone, Just read this article about Fireweed netting $44M for their zinc and tungsten projects in Canada's North .
- β’Pretty interesting stuff.
- β’Zinc and tungsten are definitely critical metals, and with the whole green energy push, demand is only going to grow.
Hey everyone,
Just read this article about Fireweed netting $44M for their zinc and tungsten projects in Canada's North. Pretty interesting stuff. My initial thought was "wow, another big raise for a junior mining company." Itβs always a good sign when you see strategic investors like JX Advanced Metals and the Lundin Family Trusts getting involved β typically means they see serious potential. Iβve been burned before on some smaller plays that couldn't secure adequate funding, so seeing a robust financing round like this makes me sit up and take notice. Zinc and tungsten are definitely critical metals, and with the whole green energy push, demand is only going to grow. I've been looking to diversify my own portfolio more into battery metals and key industrial minerals, especially with my retirement goals in mind, so this definitely caught my eye.
The Canada North angle is also something to consider. Infrastructure can be a challenge up there, but if theyβve got the funding to push these projects forward, it could be a real winner. Iβm thinking about how this plays into the broader picture β are we seeing a renewed focus on domestic critical mineral production, especially in North America? My son is getting into environmental engineering, and he's always talking about the supply chain for these things. I'm wondering if any of you have looked into Fireweed before, or if you have any thoughts on the zinc and tungsten market specifically. Given what Iβve seen with inflation and the desire for more tangible assets, Iβm constantly evaluating how to best position my family's investments.
On a related note, and completely off-topic to the Fireweed news, if you're like me and thinking about diversifying into precious metals as another hedge, I recently used this Gold IRA Blueprint tool to check my eligibility. It was super helpful for understanding the process of rolling over some of my old 401k into a gold IRA. Might be worth checking out if you've been curious. Anyways, looking forward to hearing your thoughts on this Fireweed news and the general outlook for these metals!