Maxus Mining Expands Lotto Tungsten Project by 27% Ahead of Geophysical Survey
Event summary
- Maxus Mining expanded its Lotto Tungsten Project by 820.8 hectares, a 27% increase to 3,875.2 hectares in British Columbia.
- The expansion secures additional prospective geological terrain around the Midas showing ahead of a planned 2026 VTEM survey.
- Historical data shows significant tungsten mineralization potential, including a 1980 grab sample assaying 10.97% WO₃ at the Loto 3 showing.
The big picture
Maxus Mining's expansion aligns with the growing strategic importance of critical minerals like tungsten, driven by industrial demand and geopolitical supply chain considerations. The move strengthens its district-scale exploration position in a region with proven mineralization potential. The project's proximity to infrastructure and historical high-grade assays underscore its competitive positioning in the sector.
What we're watching
- Survey Results
- How the 2026 VTEM survey will refine target generation and identify new drill-ready zones.
- Mineralization Potential
- Whether historical data and modern exploration can confirm economically viable tungsten deposits.
- Critical Minerals Demand
- The pace at which government and industry prioritization of tungsten will impact project valuation.
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