The mining company [3 Proton Lithium] announced that it has…
The mining company [3 Proton Lithium] announced that it has discovered the largest tungsten deposit in America. The new deposit, located in the Great Basin Desert in Nevada, contains 1.78 million tons of tungsten.
Consensus
- A large tungsten deposit was discovered in Nevada.
- The deposit contains 1.78 million tons of tungsten.
- The estimated value of the deposit is $152 billion.
- NASA has restricted mining activities on part of the site.
- NASA uses the area for satellite instrument calibration and signal monitoring.
- The mining company, 3 Proton Lithium, is seeking permission to proceed with development.
Points of divergence
- Prices for tungsten have risen nearly 600% since February 2025 due to high demand from defense and aerospace industries and Chinese export restrictions. — vedomosti
- 3 Proton Lithium has appealed to President Donald Trump and Congress to overturn a 2023 ban on mineral exploration and extraction on part of the project site. — vedomosti
- NASA maintains its position unchanged, and analysts estimate development could begin no earlier than five years from now even if the dispute is resolved. — vedomosti
- Tungsten is critical for defense, aerospace, machinery, electronics, and energy industries due to its high strength and heat resistance. — vedomosti
Coverage (2 sources)
- FT: The largest tungsten deposit in the US discovered in Nevada — Ведомости
- FT: largest tungsten deposit in the US opened in Nevada — Вести