American Tungsten Strengthens the Board of Directors

Core Viewpoint - American Tungsten Corp. has appointed Duncan T. Blount to its Board of Directors, while Ajay Toor has stepped down, effective immediately. The company expresses gratitude for Mr. Toor's contributions [1]. Company Leadership - Duncan T. Blount brings nearly two decades of global experience in natural resources, investment management, and corporate leadership. He is currently the Chairman and CEO of Chilean Cobalt Corp., focusing on critical minerals exploration [2]. - Prior to his role at Chilean Cobalt, Mr. Blount served as CEO and Director of Decklar Resources Inc., and led Asian Mineral Resources Ltd. in Vietnam [3]. - Mr. Blount has a decade of experience in investment management, specializing in natural resources and emerging markets, with key roles at Redwheel and Everest Capital [4]. - He also serves on the Advisory Board of Ocean Minerals LLC and holds an MBA and a BA in Language and World Trade [5]. Strategic Importance - The CEO of American Tungsten, Ali Haji, stated that Mr. Blount's expertise in critical minerals and global markets will be crucial for advancing growth initiatives and strengthening the company's position in the tungsten sector. His appointment is expected to enhance the company's transition from direct shipping ore operations to onsite milling [6]. Company Overview - American Tungsten Corp. is a Canadian exploration company focused on tungsten and magnetite assets in North America. The company is advancing the Ima Mine Project in Idaho, which is a historic underground tungsten property with significant infrastructure [7]. - The Ima Mine Project is located on private-patented land above the water table, and the company holds an exclusive option to acquire full ownership, subject to a 2% royalty. The company has also expanded its land position with 113 additional federal claims covering nearly 2,000 acres [7].