New Risk • May 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$133.9m (US$96.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 104% per year over the past 5 years. Shareholders have been substantially diluted in the past year (145% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$133.9m market cap, or US$96.9m). Announcement • Apr 30
American Tungsten Corp., Annual General Meeting, Jun 29, 2026 American Tungsten Corp., Annual General Meeting, Jun 29, 2026. Location: ontario, toronto Canada Announcement • Mar 19
American Tungsten Corp. announced that it has received CAD 34.7844 million in funding On March 18, 2026, American Tungsten Corp. closed the transaction. The company issued 14,286,450 units at a price of CAD 2.80 for gross proceeds of CAD 40,002,060 that includes 12,423,000 units at a price for gross proceeds of CAD 34,784,400 as part of the offering and issued 1,863,450 units for gross proceeds of CAD 5,217,660 as part of exercised overallotment option. Each Unit consists of one Class A common share of the Company and one-half of one Class A common share purchase warrant. Each Warrant entitles the holder thereof to purchase one Class A common share of the Company at a price of CAD 3.75 on March 18, 2029. The Underwriters received a cash commission of approximately CAD 2,400,123 equal to 6.0% of the gross proceeds of the Offering. As additional consideration for their services, the Underwriters were also issued 857,187 broker warrants (the "Broker Warrants") equal to 6.0% of the number of Units issued pursuant to the Offering. Each Broker Warrant entitles the holder thereof to subscribe for one Class A common share of the Company at the Offering Price until March 18, 2028..The Offering remains subject to the policies of the Canadian Securities Exchange. 
