Fox Tungsten raises $11M to fund 20,000m drilling aiming to double resource size at Fox Project

Fox Tungsten Ltd secured $11 million through a bought deal financing, backed by key investors Waratah and PowerOne, to fund a major exploration program at its Fox Project. The company plans a 20,000-metre drilling campaign this summer to expand the world's highest-grade tungsten deposit, aiming to double its resource size. This drilling will support a resource update and a Preliminary Economic Assessment (PEA) expected in the second half of 2027. The funding provides Fox Tungsten with the financial strength to accelerate development and exploration activities.