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American Tungsten Reprices Non-Brokered LIFE Private Placement to $2.58 per Share
Newsfile· 2025-10-20 21:10
Core Viewpoint - American Tungsten Corp. has revised the terms of its non-brokered private placement under the Listed Issuer Financing Exemption, adjusting the share price to $2.58 while maintaining the offering size at $20 million with no warrants [1][2]. Group 1: Offering Details - The updated price for the LIFE Offering is set at $2.58 per common share, with the offering remaining upsized to $20 million and finders' fees capped at 6.0% in cash [2]. - An amended and restated LIFE offering document will be filed on www.sedarplus.ca and the company's website, encouraging prospective investors to review it before making investment decisions [3]. Group 2: Management Commentary - CEO Ali Haji stated that the repricing aligns the financing with current market dynamics and reflects the company's commitment to shareholders while maintaining capital discipline and long-term value creation [4]. - The company aims to advance toward production and become a significant tungsten producer in the United States, addressing critical metal scarcity [4]. Group 3: Use of Proceeds - The net proceeds from the offering will be directed towards the upcoming exploration program at the IMA Mine, fast-tracking technical studies, and providing additional working capital [5]. Group 4: 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 to commercial production [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, subject to a 2% royalty [6].
American Tungsten Upsizes Non-Brokered LIFE Private Placement to $20 Million
Newsfile· 2025-10-15 22:49
Core Viewpoint - American Tungsten Corp. has increased its non-brokered Listed Issuer Financing Exemption (LIFE) private placement offering to raise up to $22.6 million due to strong investor demand [1][4]. Group 1: Offering Details - The upsized offering will consist of up to 6,468,572 common shares priced at $3.50 each, issued under the LIFE exemption [2]. - Shares issued under the LIFE exemption will not be subject to a statutory hold period under Canadian securities laws [2]. - The Company may pay cash finders' fees of up to 6.0% of the gross proceeds raised from subscribers introduced by eligible finders [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to accelerate the development timeline, support the transition toward production, and fund the upcoming exploration program at the IMA Mine [4]. - The Company aims to reinforce its vision of becoming the leading U.S. supplier of tungsten [4]. Group 3: 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].
American Tungsten Announces $10 Million Non-Brokered LIFE Private Placement
Globenewswire· 2025-10-14 11:00
Core Points - American Tungsten Corp. plans to conduct a non-brokered Listed Issuer Financing Exemption (LIFE) private placement offering for gross proceeds of up to $10,000,000 by issuing up to 2,857,142.86 common shares at a price of $3.50 per share [1][3] - The proceeds from the offering will be used to expand the exploration program at the IMA Mine, fast track technical studies, and for additional working capital [3] - The offering is subject to approval from the Canadian Securities Exchange (CSE) [4] Company Overview - American Tungsten Corp. is a Canadian exploration company focused on tungsten and magnetite assets in North America, particularly advancing the Ima Mine Project in Idaho [5] - The Ima Mine Project is a historic underground tungsten property with significant infrastructure, and the company holds an exclusive option to acquire full ownership [5]
Almonty Commences Legal Proceedings Against Pure Tungsten Inc. Resulting from False and Misleading Statements
Businesswire· 2025-10-10 22:00
Core Viewpoint - Almonty Industries Inc. has filed a Notice of Application in the Ontario Superior Court against Pure Tungsten Inc. seeking injunctive relief due to materially false and misleading statements made by Pure Tungsten [1] Company Summary - Almonty Industries Inc. is a leading global producer of tungsten concentrate [1] - The company is listed on multiple stock exchanges including NASDAQ, TSX, ASX, OTCQX, and Frankfurt [1] Legal Action Summary - The legal action aims to address the false and misleading statements circulated by Pure Tungsten [1]
International firms flock to Hong Kong, signalling rebound for city's capital market
Yahoo Finance· 2025-10-08 09:30
Core Insights - The listing of Jiaxin International Resources in Hong Kong highlights the city's international capital market scope and breadth [1] - The company focuses on natural resources, distinguishing itself from Hong Kong's traditional sectors like finance and property [2] - Hong Kong continues to serve as a vital bridge connecting mainland China with international capital sources [4] Company Developments - Jiaxin International Resources, a Chinese-owned firm, operates a tungsten mine in Kazakhstan and had a dual listing on August 28 [1] - Other international firms, such as Singapore-based Mirxes Holding and Thai company IFBH, have also recently gone public in Hong Kong, indicating a trend of diverse listings [3] Market Trends - An increasing number of companies from various regions and industries are choosing to list in Hong Kong, with expectations for this momentum to continue [5] - Companies are attracted to the Hong Kong market for its unique ability to draw global capital, unlike mainland markets that face capital controls [6] - After significant capital outflows during the pandemic and US-China tensions, international capital is returning to Hong Kong [7]
Tungsten and its vital importance in global defence, aerospace, and technology
The Market Online· 2025-10-07 22:04
Core Insights - Almonty Industries is positioning itself as a challenger to China's dominance in the tungsten market, which is critical for global defense, aerospace, and technology sectors [2][3] - The company has recently achieved a significant milestone with a US$90 million financing, which is expected to enhance its operations and supply chain security for the West [2][3] - Almonty is strategically expanding its operations from Portugal to South Korea, indicating a focus on diversifying its supply chain and reducing reliance on Chinese sources [3] Company Developments - Almonty Industries has listed on Nasdaq, marking a significant step in its growth and visibility in the market [2] - The company is actively engaging in discussions about the geopolitics of critical minerals, highlighting the importance of government support and price trends in the industry [3] Market Context - The tungsten market is increasingly recognized for its vital role in various high-tech applications, making it a focal point for investment and strategic planning [2][3] - The ongoing geopolitical tensions and supply chain vulnerabilities are driving interest in securing alternative sources of critical minerals like tungsten [3]
Allied Critical Metals Announces Upsized $16.25 Million LIFE Offering
Newsfile· 2025-10-07 22:04
Core Viewpoint - Allied Critical Metals Inc. has increased its non-brokered private placement offering to raise gross proceeds of up to $16,250,000 by issuing up to 27,083,333 common shares at a price of $0.60 per share due to strong investor demand [1]. Group 1: Offering Details - The shares will be offered under the Listed Issuer Financing Exemption, allowing sales to purchasers in Canada (excluding Quebec) and certain jurisdictions outside Canada, without a hold period under Canadian securities laws [2]. - The offering is subject to approval from the Canadian Securities Exchange (CSE) and is expected to close around October 21, 2025 [4][5]. - The company may pay finder's fees of up to 7% of the gross proceeds in cash and issue finders warrants equal to up to 7% of the shares issued, exercisable for 24 months at $0.60 per share [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for ongoing exploration and development activities on the Borralha Tungsten Project and Vila Verde Tungsten Project, as well as for additional working capital [4]. Group 3: Company Overview - Allied Critical Metals Inc. is focused on the expansion and revitalization of its 100% owned Borralha and Vila Verde Tungsten Projects in northern Portugal, with tungsten being designated a critical metal by the U.S. and other western countries [7]. - The tungsten market is valued at approximately USD $5 to $6 billion and is utilized in various industries, including defense, automotive, manufacturing, electronics, and energy [7].
Allied Critical Metals Announces $10 Million Strategic Non-Brokered Private Placement
Newsfile· 2025-10-06 21:29
Core Points - Allied Critical Metals Inc. is conducting a non-brokered private placement offering to raise up to $10,000,000 by issuing up to 16,666,666 common shares at a price of $0.60 per share [1][5] - The offering is available to purchasers in Canada (excluding Quebec) and certain jurisdictions outside Canada, and the securities will not be subject to a hold period under Canadian securities laws [2] - The net proceeds from the offering will be used for exploration and development activities on the Borralha Tungsten Project and Vila Verde Tungsten Project, as well as for additional working capital [3] - The offering is subject to approval from the Canadian Securities Exchange [4] - The company may pay finder's fees of up to 7% of the gross proceeds and issue finders warrants equal to up to 7% of the shares issued [5] Company Overview - Allied Critical Metals Inc. is focused on the expansion and revitalization of its 100% owned Borralha Tungsten Project and Vila Verde Tungsten Project in northern Portugal [7] - Tungsten is classified as a critical metal by the United States and other western countries, with China, Russia, and North Korea accounting for approximately 86% of global supply and reserves [7] - The tungsten market is estimated to be valued between USD $5 billion and $6 billion, utilized across various industries including defense, automotive, manufacturing, electronics, and energy [7]
Almonty Announces Results of Special Meeting of Shareholders
Businesswire· 2025-09-29 22:35
Core Points - Almonty Industries Inc. held a special meeting of shareholders to discuss the amendment of the currency in which an aggregate is denominated [1] Group 1 - The meeting was conducted to seek shareholder approval for the proposed currency amendment [1] - The management information circular detailing the meeting was dated August 28, 2025 [1]
Allied Critical Metals Expands High Grade Footprint at Borralha Tungsten Project
Newsfile· 2025-09-29 21:00
Core Insights - Allied Critical Metals Inc. is expanding its high-grade footprint at the Borralha Tungsten Project in northern Portugal, with recent drilling results enhancing confidence in resource growth and model robustness [1][5][25] Drilling Results - The latest drill holes, Bo_RC_21 and Bo_RC_26, confirm the continuity of mineralization at the Santa Helena Breccia, supporting both lateral expansion and model refinement [2][3] - Bo_RC_21 confirmed a large coherent mineralized corridor with over 100 meters in width, extending beyond the current Mineral Resource Estimate (MRE) envelope [3][5] - Bo_RC_26 is an infill hole that enhances confidence in the resource model and suggests potential for western expansion [4][5] Drill Program Progress - A total of 3,721 meters of Reverse Circulation (RC) drilling has been completed out of a planned 5,728 meters, with multiple assay results confirming thick mineralized zones and consistent grade distribution [5][14] - The current drilling campaign aims to support the expansion of the MRE, the development of a Preliminary Economic Assessment (PEA), and the delineation of potential higher-grade corridors for future mine planning [6][14] Mineral Resource Estimate and Economic Assessment - An expansion of the MRE is expected in Q4 2025, which will be informed by ongoing drilling results [6][14] - The company is working towards a robust PEA that will assess the economic viability of the Borralha project [6][14] Strategic Context - The Borralha Tungsten Project is historically significant and is positioned to play a central role in reshaping Europe's tungsten landscape, particularly in light of the EU's dependence on tungsten imports from China [22][25] - The project benefits from existing infrastructure, shallow mineralization, and a simple processing route, making it one of the most advanced tungsten development projects in the EU [24][25] Future Steps - Drilling is ongoing, with further results expected in the coming weeks, focusing on both western and northern extensions of the Santa Helena Breccia [14][15] - The company is adapting its current campaign to confirm and potentially expand upon recent high-grade intercepts [15][25]