Glenstar Minerals Comments on U.S. Strategic Minerals Reserve Initiative in Nevada
Glenstar Minerals (OTCQB: GSTRF) has responded positively to the U.S. government's announcement of establishing its first Strategic Minerals Reserve at the Hawthorne Army Depot in Nevada. The initiative, backed by a $2 billion allocation from the $52.7 billion CHIPS Act, aims to create a hub for storing, refining, and distributing critical minerals.
The company recently raised C$3 million through private placement to advance drilling at its Green Monster and Wildhorse projects in Nevada. Green Monster has shown promising polymetallic results including grades exceeding 30% zinc, 5.7 oz./t silver, plus cobalt and nickel. Wildhorse sampling has revealed grades up to 5.3% copper and 21.6 ppm silver.
Glenstar Minerals (OTCQB: GSTRF) ha accolto positivamente l'annuncio del governo degli Stati Uniti di istituire la sua prima Scorta Strategica di Minerali presso il Hawthorne Army Depot nel Nevada. L'iniziativa, supportata da un fondo di 2 miliardi di dollari derivante dal CHIPS Act da 52,7 miliardi, punta a creare un centro per lo stoccaggio, la lavorazione e la distribuzione di minerali critici.
La società ha recentemente raccolto 3 milioni di dollari canadesi tramite un collocamento privato per finanziare le perforazioni nei progetti Green Monster e Wildhorse in Nevada. Green Monster ha riportato risultati polimetallici promettenti con tenori superiori al 30% di zinco e 5,7 oz/t di argento, oltre a cobalto e nichel. Nel progetto Wildhorse i campionamenti hanno evidenziato valori fino a 5,3% di rame e 21,6 ppm di argento.
Glenstar Minerals (OTCQB: GSTRF) reaccionó positivamente al anuncio del gobierno de Estados Unidos sobre la creación de su primera Reserva Estratégica de Minerales en el Hawthorne Army Depot, Nevada. La iniciativa, respaldada por una asignación de 2.000 millones de dólares del CHIPS Act de 52.700 millones, busca establecer un centro para almacenar, refinar y distribuir minerales críticos.
La compañía obtuvo recientemente 3 millones de dólares canadienses mediante una colocación privada para avanzar con las perforaciones en sus proyectos Green Monster y Wildhorse en Nevada. Green Monster ha mostrado resultados polimetálicos prometedores, con leyes superiores al 30% de zinc y 5,7 oz/t de plata, además de cobalto y níquel. Los muestreos en Wildhorse han arrojado valores de hasta 5,3% de cobre y 21,6 ppm de plata.
Glenstar Minerals (OTCQB: GSTRF)는 네바다주 호손 육군 비축창(Hawthorne Army Depot)에 첫 전략 광물 비축고를 설치하겠다는 미 정부 발표에 긍정적으로 반응했습니다. 이 계획은 CHIPS 법안(총 527억 달러)에서 배정된 20억 달러로 지원되며, 중요 광물을 저장·정제·유통하는 허브를 구축하는 것이 목적입니다.
회사는 최근 사모 발행을 통해 캐나다 달러(C$) 300만을 조달하여 네바다의 Green Monster 및 Wildhorse 프로젝트 시추를 추진합니다. Green Monster는 아연 30% 이상, 은 5.7 oz/t 등 유망한 다금속 광화 결과와 코발트·니켈을 보였습니다. Wildhorse 시료에서는 구리 5.3%와 은 21.6 ppm까지 나타났습니다.
Glenstar Minerals (OTCQB: GSTRF) a réagi favorablement à l'annonce du gouvernement américain de créer sa première Réserve Stratégique de Minéraux au Hawthorne Army Depot, Nevada. L'initiative, appuyée par une allocation de 2 milliards de dollars issue du CHIPS Act de 52,7 milliards, vise à établir un pôle de stockage, de raffinage et de distribution de minéraux critiques.
La société a récemment levé 3 millions de dollars canadiens via un placement privé pour financer les forages sur ses projets Green Monster et Wildhorse au Nevada. Green Monster a montré des résultats polymétalliques prometteurs, incluant des teneurs supérieurs à 30 % de zinc et 5,7 oz/t d'argent, ainsi que du cobalt et du nickel. Les échantillonnages de Wildhorse ont révélé des teneurs allant jusqu'à 5,3 % de cuivre et 21,6 ppm d'argent.
Glenstar Minerals (OTCQB: GSTRF) hat positiv auf die Ankündigung der US-Regierung reagiert, ihr erstes Strategisches Mineral-Reservat im Hawthorne Army Depot in Nevada einzurichten. Die Initiative, gestützt durch eine 2-Milliarden-Dollar-Zuweisung aus dem 52,7-Milliarden-Dollar-CHIPS Act, soll ein Zentrum zum Lagern, Aufbereiten und Verteilen kritischer Mineralien schaffen.
Das Unternehmen hat kürzlich 3 Mio. C$ durch eine Privatplatzierung aufgenommen, um Bohrungen bei seinen Projekten Green Monster und Wildhorse in Nevada voranzutreiben. Green Monster lieferte vielversprechende polymetallische Ergebnisse mit Gehältern über 30% Zink und 5,7 oz/t Silber sowie Kobalt und Nickel. Bei Wildhorse ergaben Proben bis zu 5,3% Kupfer und 21,6 ppm Silber.
- Strategic location advantage with projects in Nevada, where the new U.S. Strategic Minerals Reserve will be established
- Recent C$3 million funding secured for drilling and exploration
- High-grade mineral findings at Green Monster project (30% zinc, 5.7 oz/t silver)
- Project portfolio aligns with U.S. government's critical minerals initiative
- Potential beneficiary of $2 billion CHIPS Act funding allocation for critical minerals
- Early-stage exploration status with no defined mineral resources yet
- Dependent on successful drilling results to prove economic viability
Vancouver, British Columbia--(Newsfile Corp. - August 28, 2025) - Glenstar Minerals Inc. (CSE: GSTR) (OTCQB: GSTRF) (FSE: VO20) ("Glenstar" or the "Company") welcomes the news that the United States will establish its first Strategic Minerals Reserve at the Hawthorne Army Depot in Mineral County, Nevada. This marks a turning point for North American critical minerals security; one that puts Glenstar and Nevada squarely in the game.
A public-private partnership, led by M2i Global and Volato Group, will convert the Hawthorne Army Depot, the world's largest ammunition storage facility, into a hub for storing, refining, and distributing vital minerals such as gallium, graphite and copper. The U.S. Departments of Defense, Energy, and the Defense Logistics Agency back the initiative. This follows last week's announcement from Washington that
"This is a huge validation of what we are doing," said Dave Ryan, CEO of Glenstar Minerals. "We recently raised over C
Why It Matters for Glenstar:
- Strategic alignment: Our exploration sits in the same supply chain that the U.S. Reserve and CHIPS Act investments are designed to empower.
- Investor visibility: As policy makers push domestic supply, projects like ours receive greater attention and valuation.
- Location advantage: Our operations already benefit from Nevada's infrastructure and political support. The Reserve and CHIPS Act funding further strengthen that advantage.
Looking Forward:
We will continue advancing our drilling programs aggressively. At Green Monster, we are testing the continuity of a zone that has already delivered grades exceeding
About Glenstar Minerals Inc.
Glenstar is a mineral exploration company with a focus on polymetallic minerals. These elements are classified as critical minerals and are essential in the manufacturing of sophisticated electronics and other vital energy technologies. The Company's mission is to leverage its knowledge and connections to explore, acquire, and develop critical mineral and energy metal properties throughout the world.
Glenstar's shares trade on the Canadian Securities Exchange (CSE) under the symbol "GSTR", on the Frankfurt Stock Exchange under the symbol "VO20", and on the Over-the-Counter market (OTCQB) in the United States under the symbol "GSTRF".
Robert Marvin, P.Geo (ONT) is the qualified person as defined by National Instrument 43-101 and is the independent consulting geologist for Glenstar Minerals Inc. who has examined the Green Monster and Wildhorse properties on the ground numerous times since 2022 and 2024 respectively. All fieldwork relating to geologic observations and sampling as reported herein, has been directly overseen by Mr. Marvin who supervised the preparation of, and has reviewed and approved, the technical information in this release.
ON BEHALF OF THE BOARD
"David Ryan"
President & CEO
Further information regarding the Company can be found on SEDAR at www.sedarplus.ca, by visiting the Company's website at www.glenstar.ca or by contacting the Company directly at 604-449-2810.
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information Certain information contained in this news release constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward-looking information"). Without limiting the foregoing, such forward-looking information includes statements regarding the process and completion of any Offering, the use of proceeds of the Offering and any statements regarding the Company's business plans, expectations and objectives. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking information.
Forward-looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Mineral exploration is subject to risks and uncertainties and there is no assurance that any potential results or findings that may be suggested in this press release will ultimately happen. Forward-looking information is based on information available at the time and/or the Company management's good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company's most recent Management's Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedarplus.ca under the Company's profile and on the Company's website. The forward-looking information set forth herein reflects the Company's expectations as at the date of this news release and is subject to change after such date.
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FAQ
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