YG-1 Invests in Canadian Mining Development Company… 'Diversifying Tungsten Supply Chain'

On April 24, YG-1 acquired a 5.7% stake in the common shares of Pure Tungsten Inc.(PT), a Canadian tungsten mining development company.

Headquartered in Calgary, PT specializes in tungsten mining projects and is currently developing several mines, including the Ssangjeon Mine in Uljin, Korea, the Maikhura Mine in Tajikistan, and the Bodo Mine in Brazil.

Through this investment, we plan to explore potential cooperation opportunities with PT in the tungsten sector. The two companies are also expected to continue discussions on more specific areas of collaboration, including potential offtake agreements and long-term supply arrangements.