FOR IMMEDIATE RELEASE
April 24, 2025 — Provo, UT
Mithril Mining Corp. Joins the U.S. Defense Industrial Base Consortium, Unlocking New Pathways for Tungsten Exploration and Process Funding
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 formal acceptance into the Defense Industrial Base Consortium (DIBC). Administered under a Department of Defense Other Transaction Agreement (OTA), DIBC links innovative companies with rapid-response funding opportunities that strengthen critical-material supply chains vital to national security.
“Becoming a member of DIBC is a game-changer,” said Taylor Sulik, President of Mithril Mining. “It gives us direct access to government programs that can accelerate drilling, metallurgical testing, and pilot-scale processing. More importantly, it aligns our mission—reshoring a secure tungsten supply—with the nation’s broader defense priorities.”
Why DIBC Membership Matters for Mithril Mining
- Streamlined Access to Capital: Through DPA Title III and Industrial Base Analysis & Sustainment (IBAS) pathways, DIBC members can submit unsolicited white papers year-round for cost-shared grants, purchase commitments, and low-interest loans aimed at closing critical-material gaps.
- Faster Contracting, Fewer Barriers: The OTA framework removes many of the FAR-level compliance hurdles typical of federal contracts, enabling quicker awards and early-stage prototyping with reduced administrative burden.
- No Membership Fees: Small and mid-sized explorers like Mithril Mining can participate without annual dues, ensuring that every dollar saved is redirected toward core exploration activities.
- Collaboration & Visibility: DIBC’s member portal and annual symposium connect industry, academia, and government program managers, opening doors to joint R&D, advanced materials testing, and off-take discussions with prime contractors.
- Supply-Chain Resilience: Tungsten is designated a critical defense mineral due to its unmatched density, hardness, and high-temperature performance. Domestic sources currently meet less than 5 percent of U.S. demand, leaving defense programs exposed to foreign supply shocks. Mithril Mining’s project directly addresses this vulnerability.
About Mithril Mining
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 projections and other forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially.
