Two-year sponsored research program will apply advanced geophysical technologies to refine drill targets while strengthening America’s critical minerals workforce.
BEAVERHEAD COUNTY, MONTANA — August 27, 2026 — Mithril Mining Corp. (“Mithril” or the “Company”), today announced a two-year Sponsored Research Agreement with the Department of Geological Engineering at Montana Technological University (Montana Tech) to advance geophysical exploration at the Company’s Calvert Tungsten Mine in Beaverhead County, Montana.
The research program, running from May 15, 2026, through May 14, 2028, will utilize advanced drone- and ground-based geophysical surveys, borehole measurements, and 2D/3D subsurface modeling to better define scheelite-bearing tungsten mineralization and generate high-priority drill targets. The project will be conducted by Montana Tech graduate student Hunter Brimhall under faculty supervision.
The collaboration combines industry and academic expertise to support Mithril’s exploration strategy while providing hands-on training in modern mineral exploration techniques.
“Successful exploration is built on data, not assumptions,” said Taylor Sulik, Mithril Mining Corp. CEO. “This partnership gives us access to cutting-edge geophysical research that can improve targeting, reduce exploration risk, and create long-term value. At the same time, we’re investing in the next generation of American geoscientists who will help rebuild the nation’s critical mineral supply chain.”
The program is expected to reduce geological uncertainty, improve drill targeting, and enhance the efficiency of future exploration expenditures as Mithril continues advancing the Calvert Tungsten Mine.
The Calvert Mine historically produced more than 217,000 tons of ore averaging approximately 1.10% WO₃, with historical resource estimates indicating additional tungsten mineralization remains below and along strike of previously mined areas. Despite the property’s history, no modern integrated geophysical survey has been completed across the project.
The research will integrate:
● Drone-borne magnetic and gamma-ray surveys
● Ground magnetic, radiometric, electrical resistivity tomography (ERT), and induced polarization (IP) surveys
● Borehole petrophysical measurements
● Advanced 2D and 3D geophysical inversion modeling
The resulting datasets will help refine geological models, prioritize future drilling, and support responsible resource development at the Calvert Mine.
“This collaboration provides an outstanding opportunity to apply leading-edge geophysical methods to a historically significant tungsten deposit while giving our graduate students direct experience solving real-world exploration challenges,” said Xiaobing Zhou, Professor and Principal Investigator, Department of Geological Engineering, Montana Technological University. “Working alongside Mithril Mining allows research, education, and industry to advance together in support of America’s critical mineral future.”
Tungsten is designated as a critical mineral by the U.S. Geological Survey due to its importance in defense, aerospace, energy, and advanced manufacturing. As the United States works to strengthen domestic supply chains, partnerships between industry and research institutions remain essential to accelerating responsible resource development and building technical expertise.
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 Montana Technological University
Founded in 1900 as the Montana State School of Mines, Montana Technological University is driven by its purpose to rise to meet America’s emerging needs by preparing the next generation of STEM leaders. As Montana’s STEM University, Montana Tech combines rigorous academics with practical, hands-on learning through intensive lab work, undergraduate and graduate research, and real-world field experience. This focused approach yields exceptional results, maintaining a career outcomes rate of 90% or higher for over a decade, with graduates securing strong starting salaries.
Contact
info@mithrilmining.com
