Announcement • Jun 10

American Tungsten Reports Strong Drilling Results from Lower D-Level and Expands Mineralization with Multiple Footwall Intersects

American Tungsten Corp. reported additional assay results for drillholes completed from the D-level of the Ima mine, Lemhi County, Idaho. Drilling in the footwall of the No. 5 and 7 vein system has delineated multiple stacked tungsten bearing polymetallic veins outside of previously mined areas. Step-out drilling in the No. 5 and 7 vein continues to delineate significant tungsten mineralization. Highlighted intercepts in the No. 5 and 7 veins include: 24 ft grading 0.75% WO3 and 3.06 oz/t Ag in hole AT26-23, in the No. 5 vein; 8 ft grading 0.53% WO3 and 1.1 oz/t Ag in hole AT26-12, in the No. 5 vein; 15.8 ft grading 0.33% WO3 and 0.66 oz/t Ag in hole AT26-12, in the No. 7 vein. Significant intercepts in newly defined veins below the D-Level include: 5.2 ft grading 1.41% WO3 and 3.97 oz/t Ag in hole AT26-24, in the No. 2 vein; 4.4 ft grading 1.78% WO3 and 0.94 oz/t Ag in hole AT26-27, in the No. 1 vein; 3 ft grading 0.41% WO3 and 0.51 oz/t Ag in hole AT26-24, in the No. 1 vein; 12 ft grading 0.47% WO3 and 2.87 oz/t Ag in hole AT26-29, in the No. 1 vein; 16.3 ft grading 0.29% WO3 and 0.59 oz/t Ag in hole AT26-29, in the No. 0 vein; 5 ft grading 0.72% WO3 and 0.46 oz/t Ag in hole AT26-20, in the No. 0 vein. Four drillholes have been completed into the footwall of the D-level vein system and intersected multiple hubnerite-scheelite-tetrahedrite bearing quartz veins and stacked vein arrays ranging from one foot to over 5 feet in width. Newly identified veins were numbered consecutively with historically named veins and include the No. 2, No. 1 and No. 0 vein, in addition to multiple minor veins, 1-2 ft in width, sometimes grading >1% WO3. Veins are interpreted as moderately southwest dipping, sub-parallel to the No. 3-5-7-8 vein system in the hanging wall, conformable with host host-rock stratigraphy. Holes AT26-20, AT26-24, AT26-27 were drilled sub-perpendicular to the veins; holes AT26-26 and AT26-29 were drilled oblique and true width of veins is estimated to be 50-65% of assay intercept widths. Drilling from the second D-level drill station has defined discrete veins and sheeted vein arrays as extending 300 to 400 feet down-dip and up to 200 feet along strike. Additional drilling into the footwall vein system from existing D-level drill stations is planned to establish along-strike continuity of mineralization in the footwall target as part of the Company's on-going Phase 2 exploration program. In addition to drillholes in the footwall, results from holes AT26-11, 12 and 23, which were drilled from the second D-level drill station upward, successfully intersected the No. 5 and 7 veins up-dip of the D-level. Additional upward fan-drilling is underway from the third D-level drill station and a crosscut into the footwall of the D-level is being developed to further expand the lateral limits of mineralization. Assay results for the bottom of hole AT26-29 are pending and will be released when complete. Drillhole AT26-23 was extended off the claim block for due diligence purposes and results cannot be fully disclosed. Exploration drilling at the Ima project is on-going with two surface drill rigs and two underground drill rigs currently operating. To date, over 10,000 feet of drilling and 24 drillholes have been completed on the D-level, with an additional 7,600 feet of drilling completed on the Zero-level and surface. Additional assay results for completed Zero-level and D-level drillholes will be released once received and compiled. New drillhole results are reported in Table 1 below. Assays for additional completed drillholes are pending. To date, American Tungsten has completed 24 drillholes on the D-level and 15 drillholes on the Zero-level of the mine totaling approximately 17,600 feet. 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. 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. Drillholes were completed using Hagby 1000 or Sandvik 130 drill rigs 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. 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 submitted to ALS Global laboratory in Twin Falls, Idaho, for preparation. Samples were crushed to 70% passing 2 mm screen, rotary splitting 250g and pulverized to 85% passing a 75 µm screen. Samples were analyzed by ALS Minerals in the Vancouver, BC, Canada. Samples were analyzed by four acid digest with ICP-MS finish. Samples exceeding 200 ppm W were analyzed by XRF with lithium borate fusion preparation. Samples exceeding 50ppm Ag were analyzed by fire assay with gravimetric finish. 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.

CEO salary percentage	19.71%
CEO tenure	1.2yrs
CEO ownership	0.1%
Management average tenure	less than a year
Board average tenure	less than a year

Date	Total Compensation	Salary	Company Earnings
Mar 31 2026	n/a	n/a	-CA$20m
Dec 31 2025	CA$966k	CA$190k	-CA$16m

Name	Position	Tenure	Compensation	Ownership
Ali Haji	CEO & Director	1.2yrs	CA$965.67k	0.11% € 85.6k
Dennis Logan	Chief Financial Officer	less than a year	CA$442.11k	no data
Liam Farrell	Senior Vice President of Operations	less than a year	CA$528.76k	0.25% € 191.0k
Joanna Longo	Head of Investor Relations	less than a year	no data	no data
Austin Zinsser	Vice President of Exploration	1.3yrs	no data	no data

Name	Position	Tenure	Compensation	Ownership
Ali Haji	CEO & Director	less than a year	CA$965.67k	0.11% € 85.6k
Daniel Nicholas	Independent Director	1.1yrs	CA$441.66k	no data
Carolyn Loder	Independent Director	less than a year	CA$703.55k	no data
James Whittaker	Independent Director	1.1yrs	CA$408.11k	0.079% € 61.3k
Duncan Blount	Independent Director	less than a year	CA$705.85k	no data

Data	Last Updated (UTC time)
Company Analysis	2026/06/17 17:56
End of Day Share Price	2026/06/17 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

American Tungsten Management

Management criteria checks 0/4

Key information

Recent management updates

Less than half of directors are independent

American Tungsten Corp., Annual General Meeting, Jun 29, 2026

American Tungsten Corp. Announces Management Changes

American Tungsten Corp. Announces Chief Financial Officer Changes

American Tungsten Corp. Announces Board of Directors Changes

American Tungsten Corp. Announces Changes to Board of Directors

Recent updates

American Tungsten Reports Strong Drilling Results from Lower D-Level and Expands Mineralization with Multiple Footwall Intersects

American Tungsten Corp. Reports Results From Historical Tailings Drill Program At Ima Mine Site

New minor risk - Market cap size

Less than half of directors are independent

American Tungsten Corp., Annual General Meeting, Jun 29, 2026

American Tungsten Corp. announced that it has received CAD 34.7844 million in funding

American Tungsten Corp. Initiates Auger Drilling Program in Historical Lower Tailings Impoundment At Ima Mine Site, Lemhi County Idaho

American Tungsten Corp. announced that it expects to receive CAD 34.7844 million in funding

American Tungsten Corp. Reports Drilling Results from IMA Project, Expands Tungsten-Silver Mineralization

American Tungsten Corp. Reports Significant Tungsten in Underground Sampling

American Tungsten Corp. Advances Underground Drill Program at IMA Mine

American Tungsten Corp. Announces Management Changes

American Tungsten Corp. announced that it has received CAD 17.959891 million in funding

American Tungsten Corp. announced that it expects to receive CAD 10.000001 million in funding

American Tungsten Advances Zero Level Rehabilitation At Ima Mine

American Tungsten Announces Strategic Advancements in IMA Mine Rehabilitation and Exploration Program

American Tungsten Corp. announced that it has received CAD 7 million in funding

American Tungsten Corp. Announces Chief Financial Officer Changes

American Tungsten Corp. announced that it expects to receive CAD 2.5 million in funding

American Tungsten Corp. Identified Multiple Exploration Targets at Ima Mine & Provides an Update on its Technical Report

American Tungsten Corp. Announces Board of Directors Changes

American Tungsten Corp. Announces Changes to Board of Directors

American Tungsten Corp. Chief Executive Officer Changes

American Tungsten Corp., Annual General Meeting, Jun 12, 2025

American Tungsten Corp. Identifies Principal Exploration Target for the IMA Mine Project in Idaho, USA

American Tungsten Corp. Announces Austin Zinsser to Its Board

American Tungsten Corp. announced that it has received CAD 2.3614 million in funding

American Tungsten Corp. announced that it expects to receive CAD 2 million in funding

American Tungsten Corp. Compiles Historical Drilling Data for Ima Mine Project in Idaho, USA

Demesne Resources Ltd. Confirms Underground Access to Tungsten Vein System, IMA Mine Project in Idaho, USA

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