"Bringing David and Liam onboard in these strategic leadership roles is another pivotal step forward for American Tungsten," said Ali Haji, CEO of American Tungsten. "With a fully funded program and an experienced team, our focus is squarely on revitalizing core infrastructure to unlock expansion potential and look to commence future production. Their expertise strengthens our commitment to becoming a leader in the supply of tungsten, a critical metal in North America and the Company's ongoing vision of ope ...

About the IMA Mine Project: Vancouver, BC, July 30, 2025 (GLOBE NEWSWIRE) -- American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) ("American Tungsten" or the "Company") is pleased to provide a corporate update on its ongoing efforts to rehabilitate the historic IMA Mine in Patterson, Idaho and advance its expanded drilling programme. This programme is a critical step toward unlocking long-term value and reinforcing the Company's position to play a vital role in ore supply of tungsten in North America ...

Summary of EQ Resources (EQR) Conference Call - July 23, 2025 Industry Overview - **Tungsten Market Significance**: Tungsten is classified as a critical mineral, essential in Australia, the European Union, and the US [1] - **Global Reserves and Production**: Global tungsten reserves are approximately 3.7 million tonnes, with annual production around 79,000 to 80,000 tonnes, indicating a small market size [2] - **Production Concentration**: China, Russia, and North Korea account for about 87% of total tungsten production and 60% of global reserves, highlighting geopolitical risks affecting supply [2] Market Dynamics - **Geopolitical Tensions**: The US Department of Defense is set to ban Chinese tungsten imports by January 2027, while China has also restricted its exports, leading to a significant supply reduction in the Western market [3] - **Price Trends**: Tungsten prices have increased by approximately 40% over the last six months, reaching around $4.50 per MTU (10 kg trading unit) [3] Company Performance and Strategy - **Production Capacity**: EQ Resources produced 1,700 tonnes in the twelve months ending March 31, 2025, positioning itself as a significant player in the tungsten market [6] - **Capital Raising**: The company raised $24.6 million to reduce debt and support operations, including a €5 million debt repayment in Spain [7] - **Development Projects**: Ongoing developments at Barracupada in Spain and Mt. Carbine in Queensland are crucial for future production increases [7][12] Operational Insights - **Asset Details**: The Soloro asset in Spain has a seven-year mine life with potential extensions, while Mt. Carbine has a 19-year mining permit and significant untapped resources [9][11] - **Ore Recovery Improvements**: The company aims to enhance ore recovery rates from 30% to 60-70% through the installation of ore sorters [9][10] Collaborations and Funding Opportunities - **US Ex-Im Bank Interest**: A letter of interest from the US Ex-Im Bank could provide up to $34 million in funding for Mt. Carbine's development [7] - **Strategic Partnerships**: Collaborations with Hartech Metals in Vietnam and Almed Technologies in the US are expected to strengthen market position and funding opportunities [13][14] Market Outlook - **Supply Chain Shortages**: The tungsten market is tightening, with increasing demand from defense, industrial, mining, and construction sectors [5][16] - **Investment Rationale**: The company presents a strong investment case due to its expandable operations, secured offtakes at spot pricing, and focus on ESG performance [16][17] Conclusion - **Future Prospects**: EQ Resources is well-positioned to capitalize on the tightening tungsten market, with ongoing developments and strategic partnerships enhancing its growth potential [18]

Company Overview - EQ Resources has a market capitalization of A$108 million and a share price of A$0038[19] - The company's annual production is 1735 tonnes of WO3[19] - The company raised A$246 million in 2025 to reduce debt and progress development[20] Tungsten Market - Global Tungsten reserves are 37 million tonnes with an annual production of 79kt WO3[12] - Restricted countries hold 63% of global reserves and produce 87% of annual production[12] Barruecopardo (Spain) - The mine has a mining lease until 2044[26] - A$200 million capex investment pre-EQR Acquisition in January 2024[26] - Production is targeted to reach 1300 tonnes WO3 per year[26] - Open Cut Proven reserves contain 682 million tonnes with 016% WO3[25] Mt Carbine (Australia) - Minimum 8-year mine life uses only 19% of reserves[30] - Production is targeted to increase to 1750 tonnes WO3 per year[30] - Open Cut Probable reserves contain 536 million tonnes with 028% WO3[29]

Core Insights - Guardian Metal Resources plc's subsidiary, Golden Metal Resources (USA) LLC, has received a US$6.2 million award from the U.S. Department of Defense to expedite the development of the Pilot Mountain tungsten project in Nevada [1][8] - The funding is aimed at advancing the pre-feasibility study and conducting environmental studies necessary for commercial production, positioning the project as the only U.S. mined source of tungsten [5][8] Company Developments - CEO Oliver Friesen expressed gratitude to the U.S. Department of Defense for their support, highlighting the award as a significant milestone for the company in 2025 [3][4] - The funding is described as non-dilutive to shareholders, meaning it will not affect the ownership structure of Guardian Metal [6] Project Details - The DPA Title III funding will facilitate key workstreams associated with the Pilot Mountain pre-feasibility study, which is currently underway [5][8] - The project aims to contribute to U.S. national security and economic objectives by establishing a reliable domestic source of mined tungsten [4][8]

Group 1: Recent IPO Activity - Six companies, led by two mining firms, went public in the U.S. last week, including three blank check companies [1] - Aura Minerals plans to raise $210 million with a market cap of $2.1 billion, primarily generating revenue from gold and some copper [1] - Almonty Industries aims to raise $75 million with a market cap of approximately $1.5 billion, focusing on tungsten production for the defense industry [1] - Majestic Ideal Holdings, a Chinese supply chain management company, raised $15 million but saw a significant drop in share price, closing down 45% [1][2] Group 2: Upcoming IPO Filings - Three companies submitted initial filings last week, each planning to raise over $100 million: Bullish, Miami International, and Heartflow [2][3] - Avidbank, a California-based commercial bank, filed for a $70 million IPO [3] Group 3: Upcoming IPO Outlook - NIQ Global Intelligence plans to raise $1.1 billion with a market cap of $6.5 billion, serving as a leading provider of consumer intelligence [4][7] - Accelerant aims to raise $550 million with a market cap of $4.2 billion, operating a data-driven risk exchange for professional insurance [5][7] - McGraw Hill plans to raise $500 million with a market cap of $4 billion, focusing on educational publishing and digital learning solutions [5][7] - Carlsmed, a medical technology company, plans to raise $101 million with a market cap of $430 million, specializing in spine surgery solutions [6][7]

Core Viewpoint - Allied Critical Metals Inc. has initiated a fully-funded exploration program for its Borralha Tungsten Project in northern Portugal, which includes up to 5,000 meters of core drilling aimed at expanding the resource base and enhancing project economics [1][2]. Company Overview - Allied Critical Metals Inc. is focused on its 100% owned Borralha and Vila Verde tungsten projects in northern Portugal, with the Borralha project being an advanced-stage brownfield site historically mined from 1904 to 1985, producing over 10,280 tonnes of high-grade wolframite concentrate [1][2][9]. - The company aims to become a leading Western supplier of tungsten, a critical metal for various industries including defense, electric vehicles, and semiconductors [10][13]. Exploration and Resource Estimates - The current NI 43-101 resources as of March 2024 indicate: - Indicated: 4.98 million tonnes at 0.22% WO₃, 762 g/t Cu, and 4.8 g/t Ag - Inferred: 7.01 million tonnes at 0.20% WO₃, 642 g/t Cu, and 4.4 g/t Ag [5]. - Recent drilling from 2023 to 2024 returned strong intercepts, including up to 10 meters at 1.75% WO₃ and multiple longer intervals averaging over 0.2% WO₃ [4]. Project Development - The Borralha project is undergoing environmental assessment to transition to full-scale mining, with current permitting allowing bulk sampling of up to 150,000 tonnes per annum [7]. - The project benefits from excellent infrastructure, being located near major cities like Braga and Porto, which provides access to roads, power, water, and skilled labor [8]. Strategic Importance - Borralha represents one of the few near-term, non-Chinese tungsten production opportunities globally, aligning with the West's increasing demand for critical raw materials amid supply chain vulnerabilities [9]. - The tungsten market is estimated to be valued at approximately U.S.$5 to $6 billion, with China and Russia currently representing about 90% of the total global supply and reserves [13].

Core Points - American Tungsten Corp. has commenced construction and building work at its Idaho-based tungsten project, the Ima Mine, to support exploration and mine planning [1] - The Ima Mine is a past producing underground tungsten mine that produced approximately 199,449 MTUs of WO3 between 1945 and 1957 [2] - The CEO expressed excitement about the successful site visit, which will facilitate rehabilitation, environmental sampling, and stakeholder relations to bring the Ima Mine back to production [3] - Historical drilling, sampling, and metallurgical testing have identified multiple drill targets and demonstrated the viability of gravity separation and sulfide flotation processes [4] - The company is rehabilitating certain road sections, collecting baseline environmental data, and reviewing the property's infrastructure while digitizing historical exploration information [4] Company Overview - American Tungsten Corp. is involved in the acquisition and exploration of mineral properties, including the Star Project in British Columbia and the Ima Mine Project in Idaho [16] - The company has entered into option agreements to acquire a 100% interest in both the Star Project and the Ima Mine Project, with the latter being subject to a 2% royalty [16]

Core Viewpoint - Allied Critical Metals Inc. has provided an update on its use of funds following a concurrent financing of approximately $4.6 million, emphasizing the prioritization of exploration at the Borralha Tungsten Project to achieve a preliminary economic assessment by summer 2025 [1][3][4]. Summary by Relevant Sections Use of Funds - The company plans to allocate the funds from the concurrent financing as follows: - Borralha Phase 1: $492,600 - Borralha Phase 2: $1,503,200 - Vila Verde Phase 1: $0 (not funded) - Vila Verde Phase 2: $0 (not funded) - Prepayment on 2027 Note: $100,000 - General and administrative costs: $180,000 - Investor relations services: $885,500 - Additional working capital: $231,866 - Total estimated use of funds is $3,574,811, which is $245,824 less than the maximum projected amount of $3,820,635 [2][5]. Exploration Focus - The company is prioritizing the Borralha project for exploration, which is expected to enable the completion of a preliminary economic assessment (PEA) or prefeasibility study (PFS) by the end of summer 2025. Drilling at Borralha is anticipated to commence on May 22, 2025 [3][4]. Investor Relations Strategy - A total of $885,500 has been allocated for investor relations services to enhance the company's profile and facilitate future capital raising efforts following the completion of the PEA/PFS [4][5]. Market Context - The tungsten market is currently valued at approximately $5 to $6 billion USD, with prices having risen by 25% from $320/MTU to $400/MTU over the past five months. This increase is attributed to a favorable macroeconomic environment for tungsten, which is considered a critical metal [4][12]. Management Changes - Sean Choi has been appointed as the new Chief Financial Officer, replacing Keith Margetson, who will continue as a consultant [8][9]. Stock Options and RSUs - The company has granted 3,500,000 stock options at an exercise price of $0.22 per share and 4,097,760 restricted share units (RSUs) to its directors, officers, employees, and consultants [10][11].

Company Overview - Allied Critical Metals Inc. is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal [3] - Tungsten has been designated a critical metal by the United States and other western countries, with China and Russia representing 90% of the total global supply and reserves [3] Market Context - The tungsten market is estimated to be valued at approximately $5 - $6 billion USD and is utilized in various industries such as defense, automotive, manufacturing, electronics, and energy [3] Recent Developments - Allied's common shares are now trading on the Frankfurt Stock Exchange under the symbol "0VJ0", which is expected to broaden the shareholder base in Europe and increase trading activity [1] - The listing coincides with Allied's presentation of its tungsten projects at the Deutsche Goldmesse investor conference in Frankfurt on May 16 & 17, 2025 [2]