FOR IMMEDIATE RELEASE
July 25, 2025 — Provo, UT
Mithril Mining Corp, an American owned and operation critical mineral exploration and development company developing two high-grade tungsten projects in the United States, is proud to announce its acceptance into the Department of Defense’s Industrial Base Policy Cornerstone consortium, an Other Transaction-powered program that unites industry, academia and government to shore up the nation’s most fragile production lines. Cornerstone’s “Sector Area 8 — Critical Minerals & Materials” specifically targets the mining, processing and trade networks required to keep U.S. manufacturing and defense programs resilient.
Cornerstone is the only government-managed OTA consortium, providing a streamlined contracting pathway that skips many Federal Acquisition Regulation hurdles and speeds prototype funding for projects that address supply-chain vulnerabilities, expand domestic capacity and meet urgent operational needs. Membership is free and open to qualified U.S. companies, meaning every dollar we save on dues can be redirected toward drilling, metallurgical tests and pilot-plant design.
“Joining Cornerstone gives Mithril Mining a direct line to Industrial Base Analysis & Sustainment (IBAS) grants and flexible milestone-based awards that can compress our timeline to first concentrate,” said Taylor Sulik, President of Mithril Mining. “More importantly, it positions us shoulder-to-shoulder with the DoD team charged with closing critical-mineral gaps—an alignment that will help transform our tungsten deposit from exploration success into a strategic asset for the war-fighter.”
As a consortium member, Mithril Mining will immediately begin drafting white papers. The company also gains access to Cornerstone’s cross-sector collaboration forums, providing a venue to engage aerospace primes, national labs and trusted-capital investors on joint R&D and offtake agreements. These resources complement Mithril’s ongoing efforts to secure Defense Production Act Title III cost-share funding and private-sector capital, potentially shaving two years off the path to commercial production.
About Mithril Mining Corp.
Mithril Mining Corp. is an American owned and operation critical minerals exploration and development company dedicated to rebuilding America’s strategic Tungsten supply chain. The company’s two flagship Tungsten properties, located in Utah and Montana, host historical underground and open-pit workings and is strategically located near existing processing infrastructure and rail access. Both deposits are historically the highest grade mined Tungsten material across the U.S. Guided by responsible stewardship, Mithril Mining Corp. aims to deliver sustainable, high-value jobs while supporting U.S. defense readiness.
Contact
Taylor Sulik, CEO
taylor@mithrilmining.com | +1 (860) 481-5840
Forward-Looking Statement Disclaimer: This release contains forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially.
