01APT prices
APT moved from about $1,025 per mtu in January 2026 to about $3,075 in July. That is a break in supply, not a short cycle.
Two plants in Tarlac. Canada remains optional.
CanPac is developing a waste-treatment plant and a tungsten recycling plant in the Pax Silica Economic Zone, with an optional mine feed in New Brunswick.
Built together. Funded on their own terms.
The two Philippine plants are meant to rise at the same time, and each can stand as its own investment. Waste treatment is the quicker of the two to bring online. Tipping fees are meant to cover early costs while the tungsten plant is still under construction, with operating cash flow targeted within about a year of commissioning.
The recycling plant takes hard-metal scrap and mine concentrate and converts them into ammonium paratungstate, then into tungsten powder and carbide. New Brunswick is an optional source of concentrate. The Tarlac plants do not depend on it, and CanPac does not claim to own it.
Projects
Three pieces. Two of them in the Philippines.
Waste treatment and tungsten processing in Tarlac. A Canadian mine only if the path is real.
Sequencing
Waste and processing rise together.
Secondary recovery and the Canadian mine wait until the feed path is real.
01Waste facility
Tipping fees, plus surplus power and steam if the two plants share a site.
02Processing plant
Scrap and concentrate become APT, then tungsten powder and carbide.
03Secondary elements
Optional molybdenum, tin, and indium, once Canadian concentrate is available.
04Canada option
A separate path. The Tarlac plants do not wait on New Brunswick.
Canada
A Canadian mine, only if a partner path is real.
A former tungsten mine in New Brunswick has sat idle for about fifteen years. CanPac would pursue it only with a dedicated partner, through government channels opened by the July 2026 Philippines-Canada declaration on strategic resources.
Philippines
One zone, if the partner agrees.
Putting both plants in the Pax Silica Economic Zone is still under discussion with the operating partner. If it holds, a shared site, shared permits, and shared utilities would shorten the build and lower civil cost.
- Each Philippine plant can be funded on its own
- Shared services only if co-location is confirmed
- Hazardous residues treated on site under that layout
Market
Why this corridor, now
Prices, supply concentration, a Philippine greenfield, and a Canada conversation. Not a title to any mine.
01
02Concentrated supply
China accounts for about 80% of the market. As of December 2025, fifteen Chinese exporters held licences.
03A Philippine first
The country has no tungsten processing plant. Pax Silica is the industrial-zone site for a greenfield line.
04A Canada corridor
In July 2026 the Philippines and Canada signed a joint declaration on strategic resources. That opens a conversation about optional feed. It is not a title to any mine.
Closed loop
Cash from waste. Powder from scrap.
The waste plant is the quicker source of cash. If the two plants share a site, surplus power would run the tungsten line, and steam would heat the arsenic-stabilisation reactors. Scrap and concentrate then follow one metallurgy path for industrial buyers.
- Tipping fees while the powder plant is still going up
- Surplus power and steam only if co-location holds
- Finished APT, powder, and carbide for industrial buyers
Diligence
What has to be proven first
The New Brunswick option is under evaluation. It is not an operating plan.
- Updated engineeringA restart design that goes beyond historic operating data.
- Water managementFlooded workings and a credible environmental path.
- PermittingRegulatory clearance before any restart timetable is claimed.
- A dedicated partnerGovernment channels only, and only if a real pathway appears.
Contact
Start with a conversation.
For questions on the plants, partnerships, or introductions, write to anthony@switch168.com.