American Tungsten Announces Completion of Second Tranche LIFE Offering; Total Close of Approx. $18 Million

Core Points - American Tungsten Corp. completed the second tranche of its non-brokered private placement, raising approximately C$1,189,380 from the sale of 461,000 common shares at a price of C$2.58 per share, bringing the total close to approximately C$18 million [1][2][3] Group 1: Financing Details - The second tranche of financing reflects strong confidence from institutional investors and insiders in tungsten's role in supply chains [2] - The proceeds from both tranches will be allocated for general and administrative expenses and working capital [3] - The company paid aggregate cash commissions of C$50,619.60 on the gross proceeds of C$1,189,380 for the second tranche [4] Group 2: Company Overview - American Tungsten Corp. is focused on high-potential tungsten and magnetite assets in North America, particularly advancing the Ima Mine Project in Idaho [6] - The Ima Mine Project is a historic underground tungsten property with significant infrastructure, and the company holds an exclusive option to acquire full ownership [6]