Critical Mineral Supply Chain Resilience
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American Tungsten Provides Update on Site Rehabilitation Progress and Federal Engagement
Globenewswireยท 2025-08-11 11:00
Core Viewpoint - American Tungsten Corp. is making significant progress in preparing its IMA tungsten project for production, aligning its efforts with national resource security initiatives and critical mineral supply chain resilience [1][4][5] Group 1: Operational Updates - The company has improved site access and restored existing infrastructure to support future underground mine exploration and development, including leveling the portal area and clearing debris [2] - Rehabilitation of the portal adit and initial underground access drift is underway to facilitate safe access for further underground exploration, including at least 6,000 feet of diamond drilling [2][6] - The Zero Level of the mine will allow access to approximately 50% of the mine once rehabilitation is completed, enabling safe inspection and identification of areas for potential production [5][6] Group 2: Strategic Engagement - American Tungsten is coordinating with multiple federal agencies, including the Department of Defense and the Department of Energy, to align its strategic objectives with national security priorities [4][5] - The company will participate in the Defense Industrial Base Consortium Symposium in September, highlighting its commitment to national resource security [4] Group 3: Project Overview - The IMA Mine is an advanced, readily-permittable tungsten-molybdenum property located in Idaho, with an immediate opportunity to restore production at a strong identified silver and molybdenum-bearing intrusion target [9][10] - The company holds an exclusive option to acquire full ownership of the IMA Mine, subject to a 2% royalty, and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres [10]