Mineral Road Uncovers Promising Tungsten Intercepts in Swedish Project

Mineral Road Discovery Inc. (CSE: ROAD) has announced promising results from its Bergslagen Tungsten Project in Sweden, highlighting significant historical drill intercepts that underscore the project's potential. The company's review of previous operator data revealed shallow intercepts with substantial tungsten (WO3), copper (Cu), and fluorite (CaF2) content, including notable results such as 3.78m at 0.74% WO3, 0.38% Cu, and 11.11% CaF2 from 36.42m in intercept KD-004.

The Bergslagen project, anchored by the historical Yxsjöberg Mine, presents a multi-commodity opportunity, aligning with European Critical Raw Material supply security mandates. The project's potential is further bolstered by a robust global tungsten supply shortage, with prices tripling in the last year due to increased demand and constrained supply. Mineral Road plans a three-stage development program, starting with tailings reprocessing and progressing to shallow and deeper hard-rock mining.

Damien Reynolds, Executive Chair & Interim CEO of Mineral Road, emphasized the strategic significance of the project, stating that the conceptual exploration target of multi-million-tonnes of surface tailings could serve as a cash-flow anchor. The project benefits from an extensive historical database, including approximately 15,000 meters of diamond core drilling and numerous technical reports. The Yxsjöberg mine historically supplied over 90% of Sweden's tungsten before operations ceased in 1989, leaving behind valuable legacy infrastructure.

The company cautioned that forward-looking statements are subject to risks and uncertainties, including permit approvals and variations from historical results. The technical information in the release was reviewed and approved by Derrick Strickland, a Qualified Person under National Instrument 43-101.