North American Tungsten Corporation (NTC) in Vancouver, Canada, has finally reached an agreement with Tundra Particle Technologies LLC (TPT) in White Bear Lake, Minnesota, and her sister company, Tundra Composites (TC), to produce and sell tungsten concentrates. Tungsten products. In addition, NTC is also licensed to use TC's patented tungsten composite manufacturing process.
TPT is a patented process developed and tested in its pilot plant for the production of tungsten powders and intermediates from low grade concentrates. The TPT conversion process can use a much lower quality tungsten concentrate, which provides a new outlet for the lower grade flotation of NTC. Three partners: TPT, NTC, Queenwood Capital Partners LLC formed a new company called Tundra Diversified Industries. The new company is fulfilling a supply agreement with Fiocchi Ammunition to manufacture and sell tungsten polymer composites for military and sport weapons ammunition in the first quarter of 2009.
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