American Tungsten Corp. Announces Upsize in Private Placement from $2.5 Million to $7.0 Million

Group 1 - American Tungsten Corp. is increasing its non-brokered private placement of common shares from 5,000,000 to a maximum of 14,000,000 shares at a price of $0.50 per share, aiming for aggregate gross proceeds of up to $7.0 million [1][4] - The CEO of American Tungsten Corp. highlighted the growing support for the IMA Project, which is a high-grade tungsten asset with the potential to be the first new tungsten producer in North America, marking a significant milestone towards commercial production [2] - The company will pay finders' fees of up to 7.0% of the gross proceeds raised and issue non-transferable finders' warrants to eligible finders [3] Group 2 - The net proceeds from the offering will be used for exploration work programs, option payments, mineral property acquisitions, marketing, and general working capital [4] - American Tungsten Corp. is focused on high-potential tungsten and magnetite projects in North America, including the Ima Mine Project in Idaho and the Star Project in British Columbia [6]