Newton Golf Adds Nevada Critical Minerals Exposure Through Beryllium-Tungsten Project Option

Key Points

• Newton Golf acquired an option on the Pole Canyon beryllium-tungsten project in Nevada.
• NWTG issued shares equal to 19.9% of its outstanding common stock for the option.
• Pole Canyon includes historical, unverified estimates of 281,725 tons grading 0.75% beryllium oxide and 0.30% tungsten trioxide.
• Newton Golf plans to seek a partner, joint venture, sale, or other strategic transaction rather than mine the project itself.
• The move gives NWTG exposure to U.S. critical minerals but adds dilution and early-stage project risk.

Newton Golf Company (NASDAQ: NWTG) has entered the U.S. critical-minerals sector by acquiring an option to purchase the Pole Canyon beryllium-tungsten project in White Pine County, Nevada. The company issued shares representing 19.9% of outstanding common stock for the option, adding a potentially strategic asset outside its core premium golf-equipment business.

Nevada Pole Canyon Project Offers Beryllium and Tungsten Potential

Pole Canyon is a past-producing project comprising 16 unpatented mining claims across approximately 330 acres, about 50 miles southeast of Ely, Nevada.

Newton Golf said historical materials cite approximately 281,725 tons grading 0.75% beryllium oxide and 0.30% tungsten trioxide. The company has not independently verified these historical figures, past flotation results, or the property’s potential additional mineralization.

NWTG Targets Strategic Partner or Asset Monetization

Newton Golf does not currently plan to develop or operate a mine. Instead, it intends to consider partnerships, joint ventures, a sale, or other strategic alternatives involving the Pole Canyon option.

The option structure gives the company exposure to the asset while limiting near-term operating and capital commitments. Newton Golf will continue operating its premium golf-equipment business.

Critical Minerals Theme Creates Opportunity and Risk

Beryllium and tungsten are used in semiconductor, aerospace, defense, automotive, nuclear-energy, consumer-electronics, and life-sciences applications. Newton Golf said both appear on the Final 2025 U.S. List of Critical Minerals.

The U.S. has had no domestic tungsten mine production since 2015 and is more than 50% import-reliant, according to the company. Beginning January 1, 2027, U.S. defense procurement rules will prohibit tungsten mined, produced, or processed in China, Russia, Iran, or North Korea.

For NWTG investors, the project could create value if the company validates the historic data and secures an attractive partner or transaction. Risks include the 19.9% equity issuance, unverified historical estimates, the option’s undisclosed exercise terms, and uncertainty over whether Pole Canyon can be developed economically.