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

Core Viewpoint - American Tungsten Corp. is advancing its efforts to rehabilitate the historic IMA Mine in Idaho, aiming to enhance its role in the North American tungsten supply chain for defense, industrial, and technology applications [1][2]. Group 1: IMA Mine Rehabilitation - The IMA Mine is a past-producing tungsten-molybdenum property located in Idaho, with a significant historical production of approximately 199,449 metric tons of tungsten trioxide (WO3) between 1945 and 1957 [4][11]. - The company has secured preliminary approval for its site remediation plan, focusing on restoring existing infrastructure to support future production goals [2][12]. - Rehabilitation efforts include re-establishing safe access to previously rehabilitated areas and underground drill stations, with Rockhead Consulting LLC contracted for initial underground rehabilitation [6][7]. Group 2: Strategic Priorities - The company is entering the next phase of its IMA Mine rehabilitation strategy, which includes assessing the condition of underground infrastructure and establishing access for exploration drilling [12]. - A comprehensive drilling program is planned, with over 6,000 feet of underground diamond drilling scheduled for Q3-2025 to enhance resource definition and assess underlying molybdenum porphyry systems [12]. - The company aims to secure key strategic partnerships and non-dilutive financing with the U.S. Department of Defense and U.S. Department of Energy to reinforce financial sustainability [12]. Group 3: Corporate Growth and Development - American Tungsten holds an exclusive option to acquire full ownership of the IMA Mine Project, which includes expanding its land position with 113 additional federal claims covering nearly 2,000 acres [11]. - The company has received conditional approval for listing on the TSX Venture Exchange, marking a significant advancement in its corporate growth [12].