Magnetite
Search documents
American Tungsten Completes C$40 Million Bought Deal Financing
TMX Newsfile· 2026-03-18 13:24
Core Viewpoint - American Tungsten Corp. has successfully closed a bought deal private placement, raising gross proceeds of C$40,002,060 to advance its IMA Mine Project and for general corporate purposes [1][4]. Group 1: Offering Details - The Offering consisted of 14,286,450 units priced at C$2.80 per unit, including the full exercise of the Underwriters' option [1]. - Each unit comprises one Class A common share and one-half of a Class A common share purchase warrant, with warrants exercisable at C$3.75 until March 18, 2029 [2]. - The Underwriters received a cash commission of approximately C$2,400,123, which is 6.0% of the gross proceeds, along with 857,187 broker warrants [3]. Group 2: Use of Proceeds - The net proceeds from the Offering are intended for exploration and development at the IMA Mine Project, as well as for working capital and general corporate purposes [4]. Group 3: Regulatory and Compliance - The Offering was conducted under applicable prospectus exemptions in Canada and the United States, and is subject to a four-month hold period as per Canadian securities laws [5][6]. - The securities issued have not been registered under the U.S. Securities Act and cannot be offered or sold within the United States without proper registration or exemption [7]. Group 4: Company Overview - American Tungsten Corp. focuses on high-potential tungsten and magnetite assets in North America, particularly advancing the IMA Mine Project in Idaho [8]. - The IMA Mine Project is a historic underground tungsten property with significant infrastructure, and the company holds an exclusive option to acquire full ownership [8].
American Tungsten Completes Strategic Investment in Viking Mines
TMX Newsfile· 2026-03-18 00:19
Group 1 - American Tungsten Corp. has completed a minority investment in Viking Mines Limited, acquiring 150,000,000 ordinary shares for a total of AUD$750,000 [1] - The investment was finalized after receiving approval from Viking Mines' shareholders and is part of a broader financing effort by Viking Mines [1] - American Tungsten Corp. is focused on high-potential tungsten and magnetite assets in North America, particularly advancing the IMA Mine Project in Idaho [3] Group 2 - The IMA Mine Project is a historic underground tungsten property with significant infrastructure, located on private-patented land above the water table [3] - 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 [3]
American Tungsten Grants Incentive Stock Options
TMX Newsfile· 2025-12-18 21:35
Core Insights - American Tungsten Corp. has granted a total of 1,900,000 stock options to directors and consultants, with an exercise price of $1.50 per share for three years and an additional 131,347 options at $2.58 per share for two years [1] - The company is focused on advancing the IMA Mine Project in Idaho, which is a historic underground tungsten property with significant infrastructure and an exclusive option for full ownership [2] Group 1 - The stock options granted are exercisable at a price of $1.50 per common share for a period of three years [1] - An additional 131,347 stock options are exercisable at a price of $2.58 per common share for a period of two years [1] - The common shares from these options cannot be transferred or sold prior to April 19, 2026 [1] Group 2 - American Tungsten Corp. is a Canadian exploration company focused on tungsten and magnetite assets in North America [2] - The IMA Mine Project addresses critical metal scarcity in North America and is located on private-patented land well above the water table [2] - The company has expanded its land position with 113 additional federal claims covering nearly 2,000 acres [2]
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
Core Insights - American Tungsten Corp. is making significant progress on its IMA Mine rehabilitation efforts and will host a live investor webinar for updates [1][7] Operational Highlights - The company has expanded its Phase 1 drilling program to include approximately 10,000 feet of drilling across three stations on the D Level and two stations on the Zero Level, aimed at establishing geological continuity of the tungsten quartz vein system [2] - Excavation of the access crosscut to the diamond drill stations on D Level is approximately 54% complete, with about 100 feet excavated and 86 feet remaining [9] - The diamond drilling program is scheduled to commence at the end of November, with initial planning for Phase 2 extending into Q1 2026 [3][6] Investor Relations - A live webinar hosted by CEO Ali Haji is scheduled for November 18 at 10 AM ET, where he will provide a corporate update and discuss upcoming milestones [7] - The company has entered into a marketing agreement with Gold Standard Media, LLC for various marketing services, with a cash fee of $48,000 USD [10] Company Overview - American Tungsten Corp. focuses on high-potential tungsten and magnetite assets in North America, particularly advancing the IMA Mine Project in Idaho to address critical metal scarcity [11] - The IMA Mine Project is a historic underground tungsten property with significant infrastructure, and the company holds an exclusive option for full ownership [11]
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]