American Tungsten Announces $10 Million Non-Brokered LIFE Private Placement

Core Points - American Tungsten Corp. plans to conduct a non-brokered Listed Issuer Financing Exemption (LIFE) private placement offering for gross proceeds of up to $10,000,000 by issuing up to 2,857,142.86 common shares at a price of $3.50 per share [1][3] - The proceeds from the offering will be used to expand the exploration program at the IMA Mine, fast track technical studies, and for additional working capital [3] - The offering is subject to approval from the Canadian Securities Exchange (CSE) [4] Company Overview - American Tungsten Corp. is a Canadian exploration company focused on tungsten and magnetite assets in North America, particularly advancing the Ima Mine Project in Idaho [5] - The Ima Mine Project is a historic underground tungsten property with significant infrastructure, and the company holds an exclusive option to acquire full ownership [5]