Mithril Mining Corp. Announces Collaboration With USU for Calvert Tungsten Mine Evaluation

BEAVERHEAD COUNTY, MONTANA — Mithril Mining Corp. has announced a collaborative research agreement with Utah State University focused on the evaluation of surface tungsten-bearing material at the historic Calvert Tungsten Mine in Beaverhead County, Montana.

As part of the collaboration, a team of USU geoscience students and faculty recently completed on-site fieldwork at the Calvert Mine site, collecting geological, geochemical and spatial data that will support ongoing analysis of the property's surface material and help inform future economic evaluation efforts.

The project combines hands-on educational experience with practical resource evaluation. USU undergraduate researchers will conduct geological mapping, sampling, geochemical analyses, resource modeling and data interpretation across priority areas of the property. The resulting data will provide valuable technical insight into the distribution, grade and development potential of historic tungsten-bearing material while giving students real-world experience in critical minerals research, exploration and applied economic geology.

"Tungsten is a strategic mineral essential to America's manufacturing, infrastructure, and defense industries," said Taylor Sulik, CEO of Mithril Mining Corp. "This collaboration reflects our commitment to disciplined, data-driven development. By partnering with USU, we are advancing our understanding of the Calvert Tungsten Mine while helping prepare the next generation of geoscientists who will play a role in rebuilding America's domestic critical minerals supply chain."

The Calvert Tungsten Mine is one of the highest-grade tungsten resources in the United States and remains a strategically important asset as policymakers, manufacturers and defense stakeholders seek to strengthen domestic critical mineral supply chains.

The collaboration represents another step in Mithril Mining's ongoing effort to verify and evaluate historic mining assets using modern geological methods and contemporary analytical tools. Findings from the project will help inform future technical studies and operational planning at the Calvert Tungsten Mine.

"This project gives our students the opportunity to apply advanced geological and analytical techniques in a real-world critical minerals setting," said Katie Potter, professional practice assistant professor in the Department of Geosciences at USU. "We're excited to work alongside Mithril Mining and contribute research that supports responsible resource development while providing valuable educational experiences for our students."

The collaboration benefits both organizations because it combines academic research with practical industry application. The research project also highlights the growing importance of partnerships between higher education and the mining industry as the United States seeks to secure reliable domestic sources of critical minerals and develop the workforce and technical knowledge necessary to strengthen the nation's resource independence.

About Mithril Mining Corp.

Mithril Mining Corp. is a U.S. and veteran-owned critical minerals exploration and development company focused on rebuilding America’s domestic tungsten supply chain and strengthening long-term resource independence.

Strategically located near existing infrastructure, processing corridors and rail access, Mithril Mining is advancing verified American tungsten assets through disciplined exploration, responsible stewardship and modern operational standards. The company is committed to supporting U.S. manufacturing, defense readiness and the creation of sustainable, high-value American jobs.

About Utah State University Department of Geosciences

Utah State University is a premier public land-grant research university founded in 1888. Headquartered in Logan, Utah, it is classified as a Carnegie R1 university and enrolls over 29,000 students across statewide campuses and online. USU offers elite graduate and undergraduate research opportunities in disciplines including agriculture, natural resources and aerospace.

The USU Department of Geosciences offers hands-on field instruction, computational modeling and in-house laboratory research on Earth's materials and systems within the S.J. & Jessie E. Quinney College of Agriculture & Natural Resources. The department is a recognized leader in water science, paleontology, earthquake geohazards, and energy and critical minerals research and provides degree options tailored to various career paths and specializations.