The sale price was US$500,000 cash, for 100% of the property rights.

The Fostung tungsten property was originally discovered and staked by local prospectors in 1966. Union Carbide Corporation optioned the claims in 1978 and pursued a large tonnage, lower grade skarn deposit while Breakwater Resources Ltd of Toronto, Canada optioned the property from UCC in 1988, and subsequently sold the property to EMC in 2007. A 2007 independent technical report presented an inferred resource estimate of 12.4 million tonnes, grading 0.213% WO(3), with a cut-off grade of 0.125%. SRK based this estimate on data from a total of 43 diamond core drill holes and an aggregate of 9,185 metres of drill results.