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American Tungsten Announces Key Strategic Appointments
Newsfile· 2025-11-19 12:30
Core Insights - American Tungsten Corp. has made several strategic appointments to enhance its leadership team and operational capabilities [2][4][5][6][7] Group 1: Leadership Appointments - Carolyn Loder has joined the Board of Directors, bringing extensive experience in mineral rights, permitting, and stakeholder engagement, which will be crucial for the company's operations [2] - Michael Zehr has been appointed as a Strategic Advisor, focusing on government affairs and critical minerals policy, which will aid in the company's engagement with federal and state agencies [4] - Murray Nye will transition from President to Advisor, with the company expressing gratitude for his leadership [6] Group 2: Financial Governance - The company has appointed Davidson & Company LLP as its new independent auditor, reflecting a commitment to enhance financial governance and regulatory compliance in preparation for a planned uplisting to a senior U.S. exchange [5] Group 3: Project Focus - The company is advancing the Ima Mine Project in Idaho, which is a historic underground tungsten property, addressing critical metal scarcity in North America [7]
American Tungsten Announces Updates on Its IMA Project and Investor Relations Efforts
Newsfile· 2025-11-12 12:00
American Tungsten Announces Updates on Its IMA Project and Investor Relations EffortsNovember 12, 2025 7:00 AM EST | Source: American Tungsten Corp.Vancouver, British Columbia--(Newsfile Corp. - November 12, 2025) - American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FSE: RK90) (The "Company" or "American Tungsten") is pleased to share continued progress on its rehabilitation efforts at the IMA Mine in Patterson, Idaho, and will be giving investors an opportunity to ask questions on current pr ...
American Tungsten Strengthens the Board of Directors
Newsfile· 2025-10-27 12:28
Core Viewpoint - American Tungsten Corp. has appointed Duncan T. Blount to its Board of Directors, while Ajay Toor has stepped down, effective immediately. The company expresses gratitude for Mr. Toor's contributions [1]. Company Leadership - Duncan T. Blount brings nearly two decades of global experience in natural resources, investment management, and corporate leadership. He is currently the Chairman and CEO of Chilean Cobalt Corp., focusing on critical minerals exploration [2]. - Prior to his role at Chilean Cobalt, Mr. Blount served as CEO and Director of Decklar Resources Inc., and led Asian Mineral Resources Ltd. in Vietnam [3]. - Mr. Blount has a decade of experience in investment management, specializing in natural resources and emerging markets, with key roles at Redwheel and Everest Capital [4]. - He also serves on the Advisory Board of Ocean Minerals LLC and holds an MBA and a BA in Language and World Trade [5]. Strategic Importance - The CEO of American Tungsten, Ali Haji, stated that Mr. Blount's expertise in critical minerals and global markets will be crucial for advancing growth initiatives and strengthening the company's position in the tungsten sector. His appointment is expected to enhance the company's transition from direct shipping ore operations to onsite milling [6]. Company Overview - American Tungsten Corp. is a Canadian exploration company focused on tungsten and magnetite assets in North America. The company is advancing the Ima Mine Project in Idaho, which is a historic underground tungsten property with significant infrastructure [7]. - The Ima Mine Project is located on private-patented land above the water table, and the company holds an exclusive option to acquire full ownership, subject to a 2% royalty. The company has also expanded its land position with 113 additional federal claims covering nearly 2,000 acres [7].
American Tungsten Announces Completion of $16.8 Million; First Tranche of LIFE Offering
Newsfile· 2025-10-22 11:00
Core Viewpoint - American Tungsten Corp. has successfully completed the first tranche of its non-brokered private placement, raising gross proceeds of C$16.77 million through the sale of 6,500,198 common shares at a price of C$2.58 per share, demonstrating strong investor confidence in the company's strategy to advance the Ima Mine Project [1][5]. Group 1: Financial Details - The first tranche raised gross proceeds of C$16,770,510 from the sale of 6,500,198 common shares [1]. - The company paid aggregate cash commissions of C$741,343 on the gross proceeds [4]. - The proceeds will be allocated for general and administrative expenses and working capital [3]. Group 2: Regulatory and Compliance - The common shares were issued under the Listed Issuer Financing Exemption, which allows for the issuance without a hold period under applicable Canadian securities laws [2]. - The offering is not registered under the U.S. Securities Act and cannot be sold in the United States unless registered or exempt [5]. Group 3: Company Overview - American Tungsten Corp. focuses 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 an exclusive option for full ownership [6].
Bocana Resources Corp. Announces Joint Venture with Arizore Ltd to Form Arizore LLC
Globenewswire· 2025-10-14 21:50
Core Viewpoint - Bocana Resources Corp. has entered into a Joint Venture Agreement with Arizore Ltd to establish a new entity, Arizore LLC, focused on mining operations and digital asset innovation [1][2][3] Joint Venture Agreement - The Joint Venture Agreement was signed on September 23, 2025, and involves the establishment of Arizore LLC in Nevada, which will engage in mining activities including exploration, development, and production of various minerals [1][2] - Each member, Bocana and Arizore, will hold a 50% interest in the JV Company, and all intellectual property related to tokenization will be jointly owned [4][5] Funding and Operations - Arizore Ltd will provide up to USD 60 million in secured loans for project funding, covering acquisition costs, due diligence, capital expenses, and operational costs, with no equity contribution required from Bocana [2] - Bocana will act as the operator for exploration and mining operations, adhering to regulatory standards [2] Digital Asset Innovation - The JV aims to develop a secure digital infrastructure for tokenization of mining-related assets, potentially enabling broader access to these instruments [3] - Plans include the creation of structured investment products and gold-backed tokens, subject to regulatory compliance [3] Management Structure - The governance structure includes equal representation on the board of managers from both members, with certain decisions requiring unanimous consent [5] - A board member from Arizore will join Bocana's board and vice versa, fostering collaboration between the two companies [5] Company Background - Bocana Resources Corp. is focused on mineral exploration and development in North and South America, holding a 100% working interest in mineral properties in Bolivia [6]
Go Metals Initiates Metallurgical Testing at KM98 Fe-Ti-V Project
Newsfile· 2025-09-29 13:16
Core Insights - Go Metals Corp. has initiated metallurgical testing at its KM98 Vanadium Titanomagnetite Project in Québec, aiming to gather initial data on magnetite and ilmenite concentrates, including the first measurements of concentrate quality [1][4] Group 1: Project Development - The metallurgical assessment is a crucial advancement for the KM98 project, as it will provide essential information regarding the types and quality of concentrates for potential end-users [2] - The company has collected ten large samples, each weighing between 10 to 15 kilograms, from a 240-metre section of the Roadside Occurrence, which includes both massive and semi-massive oxide mineralization [3] Group 2: Testing and Results - Metallurgical testing will be conducted by IOS Géosciences in Chicoutimi, Québec, with initial work focusing on a small set of samples to define processing parameters, which will then be applied to the full suite [4] - The testing program will evaluate recovery and concentrate quality for magnetite, ilmenite, and vanadium, while also collecting additional data on nickel, cobalt, copper, and scandium [4] - Preliminary results from the testing are expected in December 2025, followed by a comprehensive metallurgical report [4] Group 3: Company Overview - Go Metals prioritizes innovation and responsible exploration practices in the pursuit of critical metals within Canada's mining-friendly jurisdictions [5]
American Tungsten Progresses its IMA Mine Rehabilitation
Globenewswire· 2025-09-04 11:30
Core Insights - American Tungsten Corp. is advancing its operational efforts at the IMA Mine to meet the increasing demand for domestic critical minerals [1][3] - The company is focused on safety, transparency, and regulatory compliance as it rehabilitates the mine [3] Operational Update - The rehabilitation of the IMA Mine includes the advanced rehabilitation of the Zero Level access tunnel, totaling 55 feet from the portal entrance [6] - Improvements have been made to the access road leading to the Zero Level portal, including the removal of a legacy water tank [6] - Enhanced safety measures have been implemented, including a new gate at the portal entrance and ongoing site cleanup [6] - Collaboration with the Mine Safety and Health Administration (MSHA) has been established to ensure site access and safety plans [6] Corporate Update - The company has granted 4,099,481 stock options to directors, officers, and consultants, exercisable at $1.10 per share for three years [4] - An investor update webinar is scheduled for September 4th, featuring CEO Ali Haji [5] Project Overview - The IMA Mine is a past-producing tungsten-molybdenum property located in Idaho, with potential for restoring production [7][8] - The company holds an exclusive option to acquire full ownership of the mine, subject to a 2% royalty, and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres [8]
GoldHaven Resources Announces Summer Exploration Plans on Magno & Three Guardsman Projects
Globenewswire· 2025-08-21 12:30
Core Viewpoint - GoldHaven Resources Corp. has initiated exploration efforts at its 100%-owned Magno and Three Guardsman projects in Northern British Columbia, with a fully funded exploration program for 2025 aimed at advancing these highly prospective assets [1][2]. Group 1: Magno Project - The Magno Project spans 30,573.53 hectares and is located within the Liard Mining Division, accessible via Highway 37, facilitating future exploration [3]. - The project contains critical metals such as tin, indium, zinc, silver, gold, tungsten, and gallium, which are essential for various industries including electronics and green energy technologies [4]. - The exploration program will employ a ten-person geological team to systematically cover over 30 kilometers of the Cassiar Terrane, focusing on skarn and replacement-style mineralization [5]. - Historical sampling has returned significant values, including 110 to 1,749 ppm tin and up to 5.58% zinc, indicating the project's mineralization potential [6]. - The exploration aims to enhance understanding of critical metals' distribution and refine targets for future geophysical surveys, with the ultimate goal of discovering a gold- and copper-rich system at depth [7]. Group 2: Three Guardsman Project - The Three Guardsman Project consists of 14 contiguous mineral tenures covering 16,234 hectares and is strategically located near Haines Junction [10]. - Historical exploration has identified copper, gold, silver, molybdenum, zinc, and magnetite mineralization, with potential for gold-enriched systems [11]. - The exploration strategy includes geochemical and geophysical surveys to identify granitic intrusions that may represent porphyry sources associated with observed skarn mineralization [12]. - Following the Magno field program, a 10-day exploration campaign is planned for the Three Guardsman Project, building on previous geological mapping and systematic rock sampling [13][15]. - The project is positioned as a compelling opportunity in the search for critical, strategic, and base metals, with a focus on high-priority porphyry and skarn targets [17]. Group 3: Company Overview - GoldHaven Resources Corp. is a Canadian junior exploration company focused on acquiring and exploring highly prospective land packages in North and South America, including the flagship Magno Project and the Three Guardsman Project [19].
American Tungsten Advances Zero Level Rehabilitation at IMA Mine
Globenewswire· 2025-08-20 12:00
Core Insights - American Tungsten Corp. is making significant progress in the rehabilitation of the Zero Level portal at its IMA Mine site, emphasizing safety, operational excellence, and regulatory compliance [1][3] Company Developments - The company has completed the installation and lagging of the Zero Level portal entrance, retimbered and reinforced approximately 10 feet of the access tunnel, and finalized preparations to meet MSHA compliance requirements [7] - Ongoing work includes the removal of an obsolete surface water tank located below the portal and continued re-support and rehabilitation of the Zero Level access drift [7] Project Overview - The IMA Mine is an advanced, readily-permittable tungsten-molybdenum property located in the Idaho porphyry belt, with an immediate opportunity to restore production at a strong identified silver and molybdenum-bearing intrusion target [8] - 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 [9]
American Tungsten Corp. Announces Closing of Upsized $7m Financing
GlobeNewswire News Room· 2025-07-24 11:30
Core Viewpoint - American Tungsten Corp. successfully closed an oversubscribed non-brokered private placement, raising gross proceeds of C$7,000,000 by issuing 14,000,000 common shares at C$0.50 per share, indicating strong investor confidence in the company's strategy and vision in the critical metals sector [1][6]. Group 1: Offering Details - The private placement involved the issuance of 14,000,000 common shares at a price of C$0.50 per share, raising gross proceeds of C$7,000,000 [1]. - The company paid cash finder's fees totaling C$253,421.35, which is 3.6% of the gross proceeds, and issued 502,293 common share purchase warrants to finders [2]. - All securities issued are subject to a statutory hold period of four months plus a day, ending on November 25, 2025, with net proceeds allocated for exploration, option payments, mineral property acquisitions, marketing, and general working capital [3]. Group 2: Management Changes - Dennis Logan has been appointed as Chief Financial Officer, bringing over 25 years of experience in financial services and the resource sector [4]. - Ali Haji, the CEO, will also join the Board of Directors, enhancing the company's governance and strategic oversight [5]. Group 3: Strategic Outlook - The financing will accelerate the development plans for the flagship Ima Mine asset in Idaho towards commercial production, reflecting the company's commitment to addressing critical metal scarcity in North America [6][7]. - The Ima Mine Project is a historic underground tungsten property, with the company holding an option for full ownership and expanding its land position with 113 additional federal claims covering nearly 2,000 acres [7].