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. Announcement • Mar 14
American Tungsten Corp. Initiates Auger Drilling Program in Historical Lower Tailings Impoundment At Ima Mine Site, Lemhi County Idaho American Tungsten Corp. announced initiation of an auger drilling program in the historical lower tailings impoundment on the IMA Mine site, Lemhi County Idaho. Drilling activities will be conducted over 30 acres of historical tailings left from previous mine activities. Preliminary samples of historical tailings collected in shallow trenches average 0.25% WO3 and 0.48 oz/t Ag, as reported January 20, 2026. American Tungsten has contracted Haz-Tech Drilling Inc, of Nampa, ID, to conduct hollow stem auger drilling in the tailings area. Currently, 35 drillholes are planned totaling approximately 370 feet to delineate tailings thickness and collect samples for assay and in-situ density. The duration of the drilling program is approximately 1 week. Historical tailings from past mining activities are present over an area of approximately 30 acres on the IMA Mine's land package within the Pahsimeroi valley, known as the Lower Tailings Impoundment. Historical operators estimated the Lower Tailings Impoundment to contain 222,000 cubic yards of tailings. As reported previously, preliminary sampling of tailings materials in 5 shallow test pits averaging 3.5 ft deep spaced approximately 500 ft apart average 0.235 % WO3 and 0.45 oz/t Ag. These samples were submitted to Sepro Laboratories for preliminary metallurgical test work in January 2026. Results will be announced when test work is completed. Announcement • Mar 02
American Tungsten Corp. announced that it expects to receive CAD 34.7844 million in funding American Tungsten Corp. announced a bought deal private placement of 7,150,000 units at a price of CAD 2.80 per unit (the "offering price") for aggregate gross proceeds of CAD 20,020,000 on March 2, 2026. Each unit will consist of one class A common share and and one-half of one Class A common share purchase warrant. Each warrant will be exercisable to acquire one common share at an exercise price of CAD 3.75 per common share for a period of 36 months following the closing date. The company has granted the underwriters an option, exercisable up to 48 hours prior to the closing date, to purchase for resale up to an additional 15% of units to be sold under the offering at the offering price for additional gross proceeds of up to CAD 3,003,000. The offering is scheduled to close on or about March 18, 2026, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals. The offering is subject to the policies of the Canadian Securities Exchange. The securities issued pursuant to the offering will subject to a four-month hold period in accordance with applicable Canadian securities laws and the rules of the Exchange.
On the same day, the company amended the term of transaction ,now will issue 12,423,000 units at an issue price of CAD 2.80 for the proceeds of CAD 34,784,400. The Company has granted the Underwriter an option (the "Underwriter's Option") to purchase (or arrange for substituted purchasers to purchase) up to an additional 1,863,450 Units at the Issue Price on the same terms and conditions as the Offering. The Underwriter's Option will be exercisable, in whole or in part, at any time up until 48 hours prior to the closing of the Offering. Each Unit will consist of one Class A common share (a "Common Share") and one half of one Class A common share purchase warrant of the Company. Each Warrant will be exercisable to acquire one Common Share for a period of 36 months following the closing date of the Offering at an exercise price of CAD 3.75 per common share. Announcement • Feb 26
American Tungsten Corp. Reports Drilling Results from IMA Project, Expands Tungsten-Silver Mineralization American Tungsten Corp. reported additional tungsten-silver assay results from its on-going underground drilling program at the IMA Mine, Lemhi County, Idaho. Drilling to date has expanded the extent of the No. 5 - No.7 vein system over 300 feet up-dip of the D-level and over 350 feet along strike. Drill Result Highlights: 14.2 ft grading 0.67% WO3 and 1.15 oz/t Ag in hole AT25-06; and 17 ft grading 1.28% WO3 and 3.53 oz/t Ag in hole AT25-07. Drillholes AT26-06 and AT26-07 were drilled to expand limits of mineralization up-dip from drillhole AT25-01, as reported February 10, 2026. Both drillholes intersected the No. 5 and No. 7 veins, which have now been delineated over 300 feet up-dip from the D-level. Drillhole AT26-07 intersected the No 7 vein from 273-298 ft, but assay results for this interval of hole have not yet been received. Drillhole AT26-05 was drilled south-southwest oblique to the vein strike direction and intersected multiple broad zones of sheeted quartz veining containing hubnerite-tetrahedrite mineralization including 20.6 ft grading 0.25% WO3 and 11 ft grading 0.23% WO3. These intercepts establish continuity of mineralization over 350 south of intercepts in AT25-01. Additional drilling from locations 400 ft to the north is designed to further test the vein system up-dip and along strike. New drillhole results are reported in Table 1 below, and assays for additional completed drillholes are pending. American Tungsten has completed 11 drillholes on the D level and three drillholes on the Zero level totaling approximately 5000 feet. Drilling on the zero level is being conducted in a series of upward inclined fan holes from new drill stations in the footwall of the No.5 and No.7 vein systems. Mineralization in the principal veins consists of variable assemblages of hubnerite, scheelite, tetrahedrite, galena, sphalerite, and chalcopyrite, plus fluorite and rhodochrosite. Additional mineralization is associated with minor veins and stockworks within intervening metasedimentary host rocks. Phase 1 Drill Program: Drilling operations are ongoing from the second D level drill station and excavation of the drift to the third drill station is underway. Currently, at least six additional holes totaling approximately 2800 feet are planned from on the D level and more holes may be added to the program based on results. Drilling and mine rehabilitation operations are also being conducted on the Zero level. Drilling on the zero level will include up to 20 holes totaling approximately 10,000 feet from three locations. About the IMA Mine: The IMA Mine is a past producing underground tungsten mine situated on 22 patented claims located in East Central Idaho. Between 1945 and 1957, the property produced approximately 199,449 MTUs of WO3 and was subsequently explored for molybdenum and tungsten by various operators between 1960-2010. American Tungsten Corp. is currently conducting an exploration drill program and assessing potential for re-start of underground tungsten mining operations at the IMA Mine. Sampling Methodology: Drillholes were completed using a Hagby 1000 drill rig with NQ sized rods. Drill core was transferred to American Tungsten geologists under chain of custody and stored in a secure facility. Drill core was logged for lithology, alteration, mineralization, and structure prior to sampling. Sample number tags were affixed to core boxes and core marked for sawing. Core was sawn in half, with one half submitted for analysis and the remaining half retained for reference. Samples were collected at approximate 5 foot intervals in wall rock and shorter intervals within vein mineralization, with sample lengths adjusted to geological boundaries where appropriate. Samples were submitted for assay to ALS Global in Twin Falls, Idaho. Announcement • Jan 21
American Tungsten Corp. Reports Significant Tungsten in Underground Sampling American Tungsten Corp. reported high-grade tungsten-silver assay results from underground channel sampling at the IMA Mine. Additional surface sampling results confirm extension and continuation of tungsten mineralized quartz veins beyond primary mine area, and significant mineralization in historical tailings. Exploration Sampling Highlights: Underground samples from the No.5 vein average 1.04% WO3 and 2.70 oz/t Ag, over an average width of 5.0 ft.;. Surficial rock chip sampling identified tungsten-silver mineralization in quartz veins exposed at surface over significant widths; and. Preliminary samples of historical tailings average 0.25% WO3 and 0.48 oz/t Ag. Sampling Methodology and Results. Fifth underground channel samples were collected on the D level from the No. 5 vein drift and new crosscut to first drill station. Sampling primarily to validate historical sampling by Inspiration Development company conducted in 1979, and to sub-sample different vein phases across the No. 5 vein. Tungsten bearing quartz veins are variably mineralized with hubnerite, scheelite, tetrahedrite, galena, sphalerite, and chalcopyrite, plus fluorite and rhodochrosite. Sampling Methodology and results. 15 underground channel samples were collected on The D level from the No.5 vein drift and new cross cut to first drill station. Samples were collected primarily to validate historical sampling byInspiration Development company conducted in 1979 and to sub-sample different veins phases across the No. 5 veins. Tungsten bearing quartz vein are variably mineralized with Hubnerite,Scheelite, tetrahedite, galena, sphalelite, and chalcopynite, plus fluorite and Rhodochrosite. Samples were generally collected as continuous chip or saw cut channels across the full width of the vein, but some samples are less than true width. Samples were submitted for assay to ALS Global in Twin Falls, Idaho, in November 2025. WO3 and MoS2 % values are calculated from ppm analyses based on stoichiometry factors of 1.2611 and 1.668. About the IMA Mine. The IMA Mine is a past producing underground tungsten mine situated on 22 patented claims located in East Central Idaho. Between 1945 and 1957, the property produced approximately 199,449 MTUs of WO3 and was subsequently explored for molybdenum and tungsten by various operators between 1960-2010. American Tungsten Corp. is currently conducting an exploration drill program and assessing potential for re-start of underground tungsten mining operations at the IMA Mine. QA/QC and Sample Analysis. American Tungsten Corp.'s Quality Assurance and Quality Control QA/QC program applies industry standard best practices to ensure data quality and integrity for the IMA Mine project, including maintaining chain of custody, secure sample transport and storage, adherence to data collection protocols and inclusion of certified reference, blank and duplicate quality assurance samples in laboratory submissions. Samples were collected by professional geologists and efforts were made to ensure geological representativity of samples. Announcement • Jan 14
American Tungsten Corp. Advances Underground Drill Program at IMA Mine American Tungsten Corp. announced an update on advancing the underground drill program at the IMA mine. To date, 2,120 feet of drilling consisting of six holes has been completed. Drill Program Highlights: at the first D-Level drill station to be completed. 2,120 feet across six holes completed since early December, with the final hole from the first D-Level drill stations now underway;. Drilling continues to intersect quartz veins with hubnerite (MnWO4) mineralization; vein intersections occur over an area 400 feet along strike and 250 feet up-dip from the D-level; An additional 3,850 feet of drilling planned across nine holes from the second and third D-Level drilling stations as part of the Phase 1 Program;. Underground rehabilitation advancing on both, the upper D Level and the Zero Level, to support ongoing drilling activity; and. Zero Level drill program expanded from 6,700 to 8,000 feet with the addition of a new drill station for Phase I and II Programs. The IMA Mine is a past producing underground tungsten mine situated on 22 patented claims located in East Central Idaho. Between 1945 and 1957, the property produced approximately 199,449 MTUs of WO3 and was subsequently explored for molybdenum and tungsten by various operators between 1960-2010. American Tungsten Corp. is currently conducting an exploration drill program and assessing potential for re-start of underground tungsten mining operations at the IMA Mine. The Company's Phase 1 drill program is focused on five priority exploration targets consisting of the No. 5 and No. 7 Vein systems, the IMA West Vein, the Eastern Vein, and the Main IMA Vein. The program was designed to systematically test multiple sheeted tungsten veins up-dip and along strike of historical resources defined on the "D-Level" of the IMA mine. The objective of the Company's Phase 1 program is to further delineate these historically identified tungsten vein systems and address compelling low-risk targeted areas for expansion of known mineralization by the end of First Quarter 2026. Hubnerite bearing quartz veins have been intersected in all drillholes, consistent with those described in the press release dated December 18th, 2025. The No5 and No7 veins are interpreted to be laterally continuous between drillholes. Analytical results from this drilling are pending and there is no guarantee that assay results will verify visual observations of mineralization, grade, or economic viability. Plan map of the D Level showing recently completed drillholes. Announcement • Nov 20
American Tungsten Corp. Announces Management Changes American Tungsten Corp. appointed Carolyn Loder to its Board of Directors. Ms. Loder brings decades of leadership in mineral rights, permitting, and stakeholder engagement, having served in senior roles across both private and public sectors. Her expertise in navigating complex regulatory landscapes and building consensus among diverse interest groups will be instrumental as American Tungsten scales its operations. Ms. Loder currently serves as a Director for Integra Resources and K2 Gold and is a Board Advisor to Kodiak Copper. In 2023, she became the first living woman and first woman in more than a century to be inducted into the U.S. National Mining Hall of Fame. As a key member of American Tungsten's management team, Mr. Austin Zinsser will step down from the Board of Directors, and will be focusing all of his efforts on his continuing role as Vice President of Exploration. The Company also announced that Murray Nye will be stepping down from the role of President and will move to Advisor. Announcement • Oct 31
American Tungsten Corp. announced that it has received CAD 17.959891 million in funding On October 31, 2025, American Tungsten Corp the transaction. The company announced the closing of its transaction by closing its second and final tranche. The second tranche consists of issuance of 461,000 common shares of the company at a price of CAD 2.58 per Share under the Listed Issuer Financing Exemption. The company has disclosed the issue expenses of CAD 50,619.60 on gross proceeds of CAD 1,189,380. No finders' warrants were issued. Recent Insider Transactions • Oct 18
President recently sold CA$307k worth of stock On the 15th of October, Murray Nye sold around 70k shares on-market at roughly CA$4.39 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Murray has been a net seller over the last 12 months, reducing personal holdings by CA$324k. Announcement • Oct 15
American Tungsten Corp. announced that it expects to receive CAD 10.000001 million in funding American Tungsten Corp announced non-brokered Listed Issuer Financing Exemption (LIFE) private placement offering by issuing up to 2,857,143 common shares of the Company at a price of CAD 3.50 per Share for gross proceeds CAD 10,000,000.5 on October 14, 2025. The Offering is subject to approval of the Canadian Securities Exchange New Risk • Oct 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 83% per year over the past 5 years. Shareholders have been substantially diluted in the past year (157% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$103.9m market cap, or US$74.1m). Announcement • Aug 20
American Tungsten Advances Zero Level Rehabilitation At Ima Mine American Tungsten Corp. reported significant progress in the ongoing rehabilitation of the Zero Level portal at its IMA Mine site, as part of its commitment to safety, operational excellence, and regulatory compliance. Weekly Progress Highlights (Week Ending August 16, 2025): Completed installation and lagging of the Zero Level portal entrance; Retimbered and reinforced approximately 10 feet of the access tunnel; Final leveling and installation of safety berms on the portal pad; Finalized preparations to meet MSHA compliance requirements. Upcoming Work: Continued re-support and rehabilitation of the Zero Level access drift; Removal of the obsolete surface water tank located below the portal. Announcement • Jul 30
American Tungsten Announces Strategic Advancements in IMA Mine Rehabilitation and Exploration Program American Tungsten Corp. provided a corporate update on its ongoing efforts to rehabilitate the historic IMA Mine in Patterson, Idaho and advance its expanded drilling programme. This programme is a critical step toward unlocking long-term value and reinforcing the Company's position to play a vital role in ore supply of tungsten in North America for defense, industrial and technology applications. The IMA Mine is an advanced, readily permittable, past producing tungsten-molybdenum property situated in the Idaho porphyry belt and located on patented mining claims. Current rehabilitation efforts aim to re-establish safe access to previously rehabilitated areas and underground drill stations. American Tungsten has contracted Rockhead Consulting LLC to perform initial underground rehabilitation of the mine. Rockhead Consulting is an established underground mining contractor based in Sheridan, Montana, with over 40 years experience and an emphasis on safety and productivity. Rockhead provides a wide range of mine development services including engineering and construction of tunnels, declines, raises, shaft rehabilitation and de-watering projects of various sizes and complexity. IMA Mine Rehabilitation Underway: Site remediation commenced, focused on restoration and long-term sustainability; Work on the IMA project will begin with rehabilitation of the zero level drift to assess condition of underground infrastructure, establish access to underground drill stations on the zero level, and inform access to the upper D level for underground exploration drilling; Continue assessment of existing portals in collaboration with mining engineers to determine rehabilitation needs; and Finalize development plan and scope of work including necessary rehabilitation upgrades, confirmatory infill drilling, and metallurgical testing. Define IMA Mine Resources: Complete exploratory drilling to expand tungsten resources and assess underlying molybdenum porphyry system; Over 6,000 feet of underground diamond drilling planned in Third Quarter-2025 across geological targets to bolster American Tungsten's long-term supply capabilities by enhancing resource definition; Compile and validate historical information; Define and finalize scope of work to complete a mineral resource estimate in Third Quarter-2025; and Digitize historical drilling records, assay data /production volumes, and construct digital geological models.oster and Secure Key Strategic & Financial Partnerships: Continue discussions to secure key strategic partnerships and non-dilutive financing with the U.S. Department of Defense and U.S. Department of Energy; Expand shareholder base and introduce new long-term, growth-oriented capital partners to reinforce financial sustainability and future expansion; and received conditional approval for listing on the TSX Venture Exchange, marking a significant advancement for the Company and reflecting its continued corporate growth and aligning with the strategic development of ourtungsten asset. Announcement • Jul 25
American Tungsten Corp. announced that it has received CAD 7 million in funding On July 24, 2025, American Tungsten Corp closed the transaction. The company announced that it has issued 14,000,000 common shares at a price of CAD 0.50 per Share raising gross proceeds of CAD 7,000,000. In consideration for providing certain finder's services to the Company in connection with the Offering, the Company paid cash finder's fees of an aggregate CAD 253,421.35 to certain arm’slength finders, representing 3.6% of the gross proceeds received by the Company from subscribers that were introduced to the Company by such finders. The Company also issued 502,293 common share purchase warrants (the “Finder’s Warrants”), to certain arm's-length finders. Each Finder’s Warrant is exercisable to acquire one Share at an exercise price of $0.50 per Share for a period of 24-months from the date of issuance. All securities issued in connection with the Offering are subject to a statutory hold period of four months plus a day in accordance with applicable securities legislation ending on November 25, 2025. The transaction is oversubscribed. Announcement • Jul 01
American Tungsten Corp. announced that it expects to receive CAD 2.5 million in funding American Tungsten Corp. announces a non-brokered private placement of up to 5,000,000 common shares of the Company at a price of CAD 0.50 per share for gross proceeds of CAD 2,500,000 on June 30, 2025. Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the CSE. In connection with the Offering, the Company will pay finders’ fees of up to 7% of the gross proceeds raised by the Company from the sale of Shares to subscribers directly introduced to the Company by eligible finders. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation and the CSE. New Risk • Jun 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.4m (US$9.03m) This is considered a major 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 Less than 1 year of cash runway based on free cash flow trend (-CA$3.0m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 67% per year over the past 5 years. Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.4m market cap, or US$9.03m). Announcement • Jun 10
American Tungsten Corp. Identified Multiple Exploration Targets at Ima Mine & Provides an Update on its Technical Report American Tungsten Corp. provided an update on its exploration plans and independent technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") for its tungsten project, the Ima Mine, located in Idaho, United States. American Tungsten is currently working with qualified mining and drilling contractors to scope and cost its summer 2025 exploration program. The Technical Report on the Ima property has been published and is available on SEDAR+. The exploration program, as described in the press release dated March 12, 2025, entails rehabilitation of the D level of the mine to support underground exploration drilling and collection of a bulk sample for metallurgical testwork. American Tungsten's ongoing compilation of historical mining and drillhole information has identified multiple exploration targets on the Ima property. Additionally, the vein system is known to extend to the south across Patterson Creek based on historical exploration by the Defense Minerals Exploration Agency. American Tungsten is actively planning a drill program to delineate the northeastern extension of the No 5. and No. 7 veins, and also assess continuity of vein systems in West and East Ima vein targets, discussed below. The quantity and grade of potential exploration targets is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Drill hole results discussed below are based on historical information, which has not been verified by sampling or assaying and should only be used to assess the potential grade of mineralisation, which may be targeted in future exploration programs. No. 5 and No. 7 Veins: Only limited stoping was conducted above the D-level prior to cessation of mining in 1957. The vein strikes parallel to the main Ima vein system but dips moderately to the northeast. The DMEA reports that "The exploration has proven that the Ima vein zone continues southward across Patterson Canyon; thus the possible tungsten bearing area has been greatly extended."3 There is insufficient information currently available to define a conceptual exploration target but additional exploration on the south side of the canyon may be warranted. Molybdenum Mineralization: Drilling by Gentor was successful in extending the boundaries of known molybdenum mineralization to the east, and supported a historical 43-101 compliant Mineral Resource Estimate for molyssdenum mineralization occurring below the Ima mine. Gentor drillholes IMA-27 and IMA-30 are the easternmost drillholes completed in the molybdenum target and intersected significant widths and higher grades than prior drilling, including 0.25% over 475 feet and 0.28% over 368 feet. This mineralization is open to the northeast and supports a conceptual exploration target within the granitic stock extending approximately 1000 feet along strike, 300 feet down dip and of unknown width to the north east. The quantity and grade of potentially exploration targets is conceptual in nature; There has been insufficient exploration to defined a mineral resource and it is uncertainty if further exploration will result in The targets being delineated as a mineral resources. The technical report was prepared by A to Z Mining Professionals and is authored by Mr. Brian LeBlanc, a Qualified Person as defined by NI43-101. The quantity and grade of Potential exploration targets is conceptual in nature.; There has been insufficient exploration to defining a mineral resource and it is unknown if further exploration will result in the,. New Risk • Jun 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$3.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.0m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 67% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$18.7m market cap, or US$13.6m). Board Change • Jun 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CFO, Company Secretary & Director Ajay Toor is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • May 10
American Tungsten Corp. Announces Board of Directors Changes American Tungsten Corp. announced the appointment of James (Jim) Whittaker to the Board of Directors of the Company and, the resignation of Adam Virani from the Board. The Board extends its sincere appreciation to Mr. Virani for his valuable contributions and lending his technical expertise during his tenure with the Company and wishes him well in his future endeavours. Mr. Whittaker is a highly experienced mining executive with over 35 years of global leadership across operations, strategic development, and organizational transformation in the mining and metals industry. A metallurgical engineer, Mr. Whittaker has held senior operational and project development roles throughout the Americas. He currently serves as Chief Operating Officer for Capstone Copper, responsible for operations in Chile, U.S. and Mexico. Prior to this, Mr. Whittaker was President of Escondida for BHP, overseeing the world's largest copper operation, and previously has held senior regional leadership roles at OceanaGold and Barrick across the U.S., Argentina, and Peru. Mr. Whittaker holds a bachelor's degree in Extractive Metallurgy from Dalhousie University in Canada, and an Executive MBA from Queen's Business School in Canada. Announcement • May 06
American Tungsten Corp. Announces Changes to Board of Directors American Tungsten Corp. announced the appointment of Dan Nicholas to the Board of Directors and the resignation of Dhanbir Jaswal from the Board. Mr. Nicholas is currently a Senior Advisor to Ernst & Young, having joined EY in early 2021 to assist EY and its clients in obtaining funding from US federal government sources. He advises EY clients in navigating the numerous sources of capital available through federal government programs and grant funding opportunities. Prior to joining EY, Mr. Nicholas was responsible for the USD 40 billion investment portfolio of the United States Department of Energy’s Loan Program Office, including both the Advanced Technology Vehicles Manufacturing Loan program and the Title XVll program. At LPO, he oversaw and structured investments in energy, infrastructure, and transportation sectors. Before accepting his appointment to the DOE, Mr. Nicholas had an over 30-year career in finance at several firms, including Morgan Stanley, Pali Capital, and Salomon Brothers Inc. At Morgan Stanley, he launched several flagship funds for Morgan Stanley’s Investment Management’s Private Equity and Credit group. He has also worked as a public company Chief Financial Officer for several portfolio companies. Mr. Nicholas is a graduate of Cornell University, and he and his family split their time between New York City and Washington, DC. Announcement • Apr 14
American Tungsten Corp., Annual General Meeting, Jun 12, 2025 American Tungsten Corp., Annual General Meeting, Jun 12, 2025. Announcement • Mar 12
American Tungsten Corp. Identifies Principal Exploration Target for the IMA Mine Project in Idaho, USA American Tungsten Corp. announced that it has identified a principal tungsten exploration target on the IMA Mine and is initiating planning and execution of a verification and in-fill drill program. The principal tungsten target is defined based on on-going compilation of historical drilling and underground sampling completed by the Inspiration Development Company, and historical mineral reserves defined by the Bradley Mining Company. Numerous additional exploration targets have also been identified. The IMA Mine is a past producing underground tungsten mine situated on 21 patented claims located in East Central Idaho. Between 1945 and 1957, the property produced approximately 199,449 MTUs of WO3 and was subsequently explored for molybdenum and tungsten by various operators between 1960-2008. The up-dip extension of the IMA vein system, principally above the "D Level" of the mine, was recognized as containing significant mineralized materials by both the Bradley Mining and Inspiration Development. Additional drilling and sampling will likely be required to establish continuity and grade of mineralization in the IMA vein system above the D level. The exploration program will entail general rehabilitation of the D level access drift and construction of a crosscut and one or two drill stations in the footwall of the vein system. Drill fans, consisting of multiple holes averaging 200-400 feet length will be completed to assess continuity of the no. 5, no. 7, and additional veins with the objective of delineating 200-400k tons of mineralized materials. It is currently estimated that 3,000-6,000 feet of drilling in 10-20 holes, from one to two drill stations will be required to establish continuity andgrade of mineralization. The potential quantity and grade of mineralization expressed above is conceptual in nature. There is currently insufficient exploration information to define a mineral resource. It is uncertain whether a mineral resource will be delineated. Historical Sampling information is reported based on internal Inspiration Development company reports, maps and lab certificates. Neither American Tungsten, nor its qualified person has done sufficient work to verify or validate historical sampling information. Historical information should not be relied upon until it has been verified. Additionally, the Company plans a comprehensive historical data verification program which will consist of resampling and assaying of historical core and pulps from the 2008 Gentor drilling program, re-sampling of Inspiration Development underground drift samples, and potentially twinning of select historical drillholes. Announcement • Mar 10
American Tungsten Corp. Announces Austin Zinsser to Its Board American Tungsten Corp. announced the appointment of Mr. Austin Zinsser to its Board of Directors effective March 7, 2025. Mr. Zinsser has over 15 years of experience in applied geological and environmental science and mineral project development. He is an Idaho licensed Professional Geologist, holds a M.S. in Earth and Environmental Sciences and is a registered member of SME. As a mining industry professional, Mr. Zinsser has worked on diverse interdisciplinary teams to advance mineral projects from grass-roots exploration stages through feasibility-level engineering phase and federal permitting. Mr. Zinsser has direct experience in resource delineation, metallurgy, mine planning, geochemistry, mining economics and environmental liability. Mr. Zinsser served as Sr. Resource Geologist on Perpetua Resources Corp.’s Stibnite Gold Project, and has worked on other critical mineral projects in the western U.S. as an independent geological consultant. Mr. Zinsser also serves on the Idaho State Board of Professional Geologists. Announcement • Feb 27
American Tungsten Corp. announced that it has received CAD 2.3614 million in funding On February 26, 2025, the company has closed the transaction. The company issued 1,475,875 common shares at a price of CAD 1.60 per Common Share for gross proceeds of CAD 2,361,400. In connection with the LIFE Offering, the Company paid finder’s fees to eligible finders consisting of CAD 116,158 in cash and 72,598 common share purchase warrants. Each Finder’s Warrant is exercisable to acquire one common share of the Company at an exercise price of CAD 1.60 per share for a period of 12-months. Announcement • Feb 19
American Tungsten Corp. announced that it expects to receive CAD 2 million in funding American Tungsten Corp. announced a non-brokered private placement to issue 1,250,000 common shares at an issue price of CAD 1.60 per Offered Share for gross proceed of CAD 2,000,000 on February 18, 2025. The closing of the LIFE Offering may occur in one or more tranches and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Canadian Securities Exchange (the "CSE"). Completion of the LIFE Offering is subject to the Company raising minimum gross proceeds of at least CAD 2,000,000. In connection with the LIFE Offering, the Company will pay finders’ fees of up to 7.0% of the gross proceeds raised by the Company from the sale of Offered Shares to subscribers directly introduced to the Company by eligible finders. In addition, the Company will issue to eligible finders non-transferable finders’ warrants of up to 7.0% of the number of Offered Shares sold in the LIFE Offering. Each finders’ warrant will entitle the holder to acquire one common share of the Company at a price of CAD 1.60 per share for a period of twelve (12) months from the date of issuance. Announcement • Feb 05
American Tungsten Corp. Compiles Historical Drilling Data for Ima Mine Project in Idaho, USA American Tungsten Corp. announced that it has completed initial compilation and assessment of historical drillhole information from Gentor Resources Inc. ("Gentor"). Gentor drilled 13 holes on the IMA Mine property in 2007 and 2008 totaling 22,088 feet. Information from the historical drilling program is well documented by digital and printed records and existing drill core. The IMA Mine is a past producing underground tungsten mine situated on 22 patented claims located in East Central Idaho. Between 1945 and 1957, the property produced approximately 199,449 MTUs of WO3 and was subsequently explored for molybdenum and tungsten by various operators between 1960-2008. Records from Gentor's 2007-2008 drilling program consist of drilllogs, 1/2 sawn drillcore, survey and sample records, assay certificates and QA-QC data. American Tungsten compiled the Gentor drilling records and assay data obtained directly from the assay lab into an electronic database and completed initial verifications and validation. Significant tungsten intercepts in historical drillcore were also reviewed by American Tungsten geology staff and independent QPs while on-site January 14-16th, 2025. In addition to historical molybdenum intercepts, significant tungsten intercepts in quartz veins, as previously reported by Gentor, include: Hole IMA-21: 20.5 feet grading .058% MoS, .394% W, 1 oz/ton Ag, .111% Cu (copper), .416% Pb (lead) and.106% Zn (zinc) from 336 feet to 356.5 feet. and 9.5 feet grading.326% W, .96 oz/ton Ag, .145% Cu, .263% Pb, and .328% Zn from 1212.4 to 1221.9 feet. Hole IMA-23A: 10 feet grading 1.448% MoS2, .583% W, 4.22 oz/ton Ag, .264% Cu from (1400 ft - 1410 ft). Hole IMA -24: 7.1 feet grading .021% MoS2, .483% W, 1.03 oz/ton Ag, .079% cu and .361% Zn from 661 feet to 668.1 feet. In addition to those reported historically, American Tungsten has identified numerous significant additional vein intercepts in legacy drilling data sets and plans to undertake a comprehensive verification program to validate the results. Both American Tungsten, nor its Qualified Person, has done sufficient work to verify historical drillhole information. American Tungsten is not treating the historical drillhole information as current drilling results. Historical drillhole results are believed to be substantially factual and relevant in that they demonstrate the tenor of exploration targets on the property. Technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects ("NI-43-101"). Austin Zinsser, P.G., SME-RM, Vice President, Exploration for the Company, and a Qualified Person as defined by NI-43-101, has reviewed and approved the scientific and technical information in this Presentation. New Risk • Feb 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (42% average weekly change). Negative equity (-CA$109k). Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$26.9m market cap, or US$18.8m). New Risk • Jan 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (42% average weekly change). Negative equity (-CA$109k). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (CA$24.0m market cap, or US$16.6m). Announcement • Dec 18
Demesne Resources Ltd. Confirms Underground Access to Tungsten Vein System, IMA Mine Project in Idaho, USA Demesne Resources Ltd. announced that contract staff have successfully accessed the IMAtungsten vein system through the upper level of the historical IMA Mine. The IMA Mine is a past producing underground tungsten mine situated on 22 patented claims located in East Central Idaho. Between 1945 and 1957, the property produced approximately 199,449 MTUs of WO3 and was subsequently explored for molybdenum and tungsten by various operators between 1960-20081. Between 1978 and 1982, Inspiration Development Corporation focused exploration on development of the quartz-tungsten-vein system, rehabilitating upper levels of the mine to complete underground resource delineation drilling, and conducting metallurgical work. Inspiration planned a 300 tpd underground operation using inclined slot methods targeting the vein systems in the upper levels of the IMA Mine. Inspiration planned to direct ship ore to a mill in Phillipsburg, MT for processing. Development work ceased in 1982 prior to recommendation of mining associated with a decrease in tungsten prices. On December 10th, Demesne staff entered the underground mine on the upper D level, in an approximately 7x7 ft access drift which had been rehabilitated in the 1980s3. There was good natural ventilation and no underground water inflows were seen. The principal veins (No 5 and 7 veins) are well exposed and vary in width from 3 ft to over 10 feet wide with strike length of at least 400' on the D level. The veins consist of quartz with variable assemblages including pyrite, fluorite, hubnerite, scheelite, tetrahedrite, galena, sphalerite and chalcopyrite. Limited areas of the vein system had been partially stoped both above and below the level, but veins are un-mined over hundreds of feet along strike as observed within the drifts. The Company plans to continue work to digitize and verify historical information and records in support of developing a 43-101 compliant Mineral Resource for the IMA Mine, in conjunction with initiating project planning and trade off studies, and planning for sample collection activities for verification and metallurgical studies. Announcement • Dec 04
Demesne Resources Ltd. Appoints Taylor Sulik to Its Strategic Advisory Board Demesne Resources Ltd. announced that defense and mining industry veteran Mr. Taylor Sulik has been appointed as Strategic Advisor to the Company effective immediately to its Strategic Advisory Board. Mr. Sulik is a seasoned U.S. intelligence & security professional, having 7+ years of experience with the United States Coast Guard across a variety of security and intelligence roles. In addition, he is president of Mithril Mining & Exploration, a mining company focused on identifying, prospecting, exploring, and developing U.S. based critical mineral deposits to further promote the reshoring of American critical mineral mining. Mr. Sulik has also served in a variety of strategy, operational, and intelligence roles for Windwalker Group, Hewlett Packard Enterprise, and Allied Universal. He is also currently pursuing his Master’s Degree at the Naval War College in Newport, Rhode Island, focusing his research and studies on National Defense and Strategic Studies. Announcement • Nov 21
Demesne Resources Ltd. Announces Planning to Update Historical Resources at Past-Producing IMA Tungsten Mine Demesne Resources Ltd. in response to China's intention to restrict tungsten exports, plans to update and define the historical resources of the past producing, Idaho-based IMA Mine tungsten-molybdenum property, while exploring the opportunity to bring onshore tungsten mining and production capabilities into the United States. Key to the process will be defining and finalizing the scope of work needed to complete an updated 43-101 technical report and mineral resource estimate. Amidst a backdrop of China controlling an estimated 80%+ of global tungsten extraction and processing, and the absence of domestic tungsten producers in the U.S., China's planned export restrictions underscore the need for a reliable, domestic supply of defense critical metals for America. In addition to potentially updating and defining the IMA Mine's historical resources with an updated 43-101 technical Report and mineral resource estimate, Demesne also expects to define areas warranting additional exploration. To help identify potential exploration targets, the Company is seeking to digitize historical drilling records, assay data/production volumes, and construct digital geological models in preparation for subsequent additional drilling and exploration. To fund the initial work on the IMA Mine, Demesne announced a $2-million-dollar non-brokered private placement of common shares on November 14, 2024. The Company will provide ongoing updates as available on the IMA Mine development. Announcement • Nov 15
Demesne Resources Ltd. announced that it expects to receive CAD 2 million in funding Demesne Resources Ltd. announced a non-brokered private placement of up to 8,000,000 common shares of the company at a price of CAD 0.25 per share for the gross proceeds of CAD 2,000,000 on November 14, 2024. The offering is expected to close in one or more closings and is expected to close the first tranche on or about November 29, 2024. Closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The Offering is not subject to a minimum aggregate amount of subscriptions. Announcement • Nov 14
Demesne Resources Ltd. Announces Board and Executive Changes Demesne Resources Ltd. announced that Brandon Kou has resigned as a director of the Company to pursue other opportunities. The Company would like to thank Mr. Kou for his contributions to the Company. The Company is announced that Ajar Toor, the Chief Financial Officer of the Company, has been appointed as a director of the Company to fill the vacancy. Ajar Toor has also been appointed as Corporate Secretary of the Company, replacing Adam Virani, who will remain a director of the Company. Announcement • Oct 19
Demesne Resources Ltd. Announces Chief Executive Officer Changes Demesne Resources Ltd. announced that Adam Virani has resigned as the Chief Executive Officer of the Company effective October 16, 2024. The Company announced that Murray Nye has been appointed as Chief Executive Officer, effective October 16, 2024. Mr. Virani will remain as the Corporate Secretary and a director of the Company and will work closely together with Mr. Nye to ensure a seamless leadership transition as the Company continues to evaluate growth opportunities. Mr. Nye brings over 20 years of experience as a director and officer of various public companies, with junior mining sector, mergers & acquisitions, and capital markets expertise. He most recently served as CEO of a publicly-listed junior mining company from 2016 until 2022, where he was led efforts in securing seed capital financing and listing on the Canadian Securities Exchange. Mr. Nye was also instrumental in helping the company secure a lease to purchase option and acquiring key patented mining claims, which hosted three historic producing mines. Board Change • Oct 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Dhanbir Jaswal was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 28
Demesne Resources Ltd. Announces Change of Chief Financial Officer Demesne Resources Ltd. announced that John Ross has resigned as the Chief Financial Officer of the Company to pursue other opportunities. The Company announced that Ajay Toor has been appointed Chief Financial Officer of the Company to fill the vacancy. Mr. Toor is a finance professional with over six years of experience in investment banking, corporate finance, financial management and full cycle accounting. Mr. Toor successfully completed the Common Final Exam (CFE) and holds a Bachelor in Business from Simon Fraser University. Board Change • Jun 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Dhanbir Jaswal was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Dhanbir Jaswal was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 15
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Dhanbir Jaswal was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 25
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Dhanbir Jaswal was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Dhanbir Jaswal was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Dhanbir Jaswal was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 26
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Dhanbir Jaswal was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 25
Demesne Resources Ltd. Announces Management Changes Demesne Resources Ltd. announced that Brennan Direnfeld has resigned as Corporate Secretary, and Director of the Company effective August 21, 2023. The Company announced that Adam Virani, a director of the Company, has replaced Mr. Direnfeld as Corporate Secretary of the Company and that Brandon Kou has been appointed as a Director to fill the vacancy left by Mr. Direnfeld's resignation. Mr. Kou was most recently the CEO and a member of the Board of Directors of Leef Brands Inc. (formerly Icanic) and responsible for the company's overall strategy and day to day operations both on the operating level as well as overseeing all public company aspects. Prior to Leef Holdings, he was the co-founder and partner of Mavan Capital Partners, an investment firm focused on bringing technology opportunities to the Canadian capital markets. Before his time at Mavan, Mr. Kou was the Co-Founder and General Manager of Steve Nash Enterprises, a conglomerate with portfolio companies in media/entertainment, sports and health/wellness/lifestyle. He was responsible for leading the investment team and originating investment opportunities including Indochino, Sharecare, the Vancouver Whitecaps, Onebode and the Steve Nash Sports Club and Fitness World. In addition to his responsibilities at Steve Nash Enterprises, Mr. Kou served as a Board of Directors proxy for Steve Nash Sports Club and Fitness World, a growing chain fitness clubs in Vancouver co-founded by Mark Mastrov.Mr. Kou has previously served on the Board of Directors for Liquid Nutrition, a healthy QSR that is publicly traded on the Toronto Stock Exchange and on the Board of Directors for OneBode, an international holistic vitamin company as well as an advisor for several companies including RadPad, Work Force Athletics, Genexa and Farafena. Prior to joining Steve Nash Enterprises, Mr. Kou provided investment banking services at Houlihan Lokey where he focused on Media, Sports and Entertainment. Mr. Kou is a graduate of the Marshall School of Business at the University of Southern California. Announcement • Aug 23
Demesne Resources Ltd. Announces Chief Executive Officer Changes Demesne Resources Ltd. announced that Brennan Direnfeld has resigned as Chief Executive Officer of the Company effective August 21, 2023. The Company announced that Adam Virani, a director of the Company, has replaced Mr. Direnfeld as Chief Executive Officer of the Company. Announcement • May 05
Demesne Resources Ltd. has completed an IPO in the amount of CAD 0.5 million. Demesne Resources Ltd. has completed an IPO in the amount of CAD 0.5 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: CAD 0.1
Discount Per Security: CAD 0.01 