US Tungsten Corp.(OTCPK:USTU), formerly went by Stealth Resources Inc. until August 2012 and was Incorporated in January 2012 and is the Western World's biggest producer of the element Tungsten. Products that use Tungsten are jet turbine engines, X-ray shields, nuclear medical components and high speed cutting tools among many others. This company is an exploration stage company investigating tungsten opportunities.
USTU wants to keep the focus in the Western US. This is where some discoveries are still waiting to be found. It was also mined in the past. In the US, the last mine closed in 2000, and no mining of the element has happened since. States where the mining has happened in the past are Montana, California, Nevada, Colorado and Arizona.
In August 2012, the company acquired three mineral claims in Calvert, Montana.
In February 2013, the company announced that they would do a share cancellation/return to treasury agreement with the President of the company (Markin). Markin will return 123 million shares to the treasury to be cancelled. This will bring the company over 75 million common shares that will be either issued or outstanding.
USTU is currently trading for $.585. Over the past 52 weeks, this company has seen a low trade of $.17 and a high up to $.74. This company's market cap is at $116.27M. The previous close was at $.70. Since the beginning of the year, this company has a good run with a steady increase.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.