American Tungsten: Investor Update

Core Viewpoint - American Tungsten Corp. has rescheduled its Investor Update due to global internet issues affecting Cloudflare, ensuring that the event will proceed without disruptions on November 24, 2025 [1][2]. Company Updates - The rescheduled investor update will provide clarity on the expiration of trading restrictions for 14,000,000 common shares issued on July 24, 2025, which will become unrestricted on or about November 25, 2025, representing a mechanical unlock rather than new dilution [3]. - Proceeds from the financing have been allocated to various value-creating initiatives, including site infrastructure rehabilitation, engineering for project restart, permitting, environmental work, and preparation for project-level financing [4]. - The company has received a Letter of Interest from the Export-Import Bank of the United States for up to US$25.5 million to support the IMA Project, highlighting the strategic importance of domestic tungsten supply [4]. - American Tungsten aims to establish itself as North America's primary tungsten producer and is committed to delivering long-term value to shareholders, with regular updates planned [5]. Project Overview - American Tungsten Corp. is focused on the IMA Mine Project in Idaho, which is a historic underground tungsten property with significant infrastructure, addressing critical metal scarcity in North America [6]. - The company holds an exclusive option to acquire full ownership of the IMA Mine Project, subject to a 2% royalty, and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres [6].