CA Market News
1月前
The Metal China Controls Faces a 2027 U.S. Deadline -- and a Nevada Mine Just Made Its MoveJune 2, 2026 8:55 AM
PR Newswire (Canada) Issued on behalf of Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2)VANCOUVER, BC, June 2, 2026 /CNW/ -- Equity Insider News Commentary — Tungsten spent the better part of a decade as an afterthought in Western industrial policy—a metal everyone needed and almost no one outside China actually mined. That complacency is now colliding with a hard procurement deadline. After January 1, 2027, U.S. defense supply chains face restrictions on Chinese, Russian, Iranian and North Korean tungsten that reach from the mine all the way through finished powders, heavy alloys and magnets, a cliff written into DFARS 252.225-7052 and 10 U.S.C. §4872. The result has been a scramble to stand up non-Chinese supply, and a rerating of nearly every company with a credible path to producing the metal in a friendly jurisdiction. Against that backdrop, Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2) has taken a step that, on its own, looks procedural—but in this market is anything but. The company has engaged KC Harvey Environmental, LLC to lead drill-permitting at its 100%-owned, past-producing Rowland Tungsten Property in Elko County, Nevada, and has opened formal dialogue with the U.S. Forest Service district that oversees the ground. For a junior explorer, the permitting clock and the procurement clock are now running in the same direction at the same time.See why Rowland is positioned for the tungsten supply squeeze — view the full Western Star investor briefing here.From the historical record to a federal applicationIn its June 3, 2026 release, Western Star confirmed it has retained KC Harvey Environmental to prepare and submit a Plan of Operations—USDA Forest Service form FS-2800-5, filed under 36 CFR 228A—covering the company's proposed Phase 2 drilling program at Rowland, and to manage the associated National Environmental Policy Act (NEPA) review. The company has also begun engagement with the Jarbidge District Ranger of the Mountain City–Ruby Mountains–Jarbidge Ranger District of the Humboldt-Toiyabe National Forest, the relevant federal authority for the property.The Plan of Operations is the principal authorization a company needs to drill on National Forest System lands, and it is the document on which a project's timeline frequently lives or dies. KC Harvey's scope, as described by the company, covers preparation of the Plan of Operations, supporting environmental baseline and reclamation planning, and coordination of the NEPA review with the Forest Service. Western Star says it intends to advance the federal application in parallel with state-level reclamation permitting and its ongoing Phase 1 and Phase 2 exploration programs at Rowland.The choice of consultant is itself a signal of intent. KC Harvey Environmental is a Bozeman, Montana–based firm specializing in mining permitting, reclamation and NEPA support across the western United States. Its mining services are led by founder Kevin Harvey, M.Sc., a board-certified professional soil scientist and the current president of the American Society of Mining and Reclamation. Bringing in a permitting specialist with that profile is the kind of move that tends to precede a serious push toward the drill bit rather than a placeholder filing."Engaging KC Harvey and opening dialogue with the Jarbidge District Ranger is the logical next step for Rowland," commented Blake Morgan, CEO and President of Western Star. "With Phase 1 field work confirming a materially larger exploration opportunity than the historical record suggested, our priority is to advance permitting in parallel with exploration so we are positioned to drill test the Rowland targets without delay."That last point—permitting in parallel rather than in sequence—is the strategic core of the announcement. Juniors often treat permitting as something to start once the geology is fully de-risked. With a 2027 procurement cliff approaching and tungsten supply tight, Western Star is treating the regulatory pathway as a critical-path item to be advanced alongside the science, not after it.Why "previously disturbed" mattersRowland's history is not just color—it is potentially a permitting advantage. The property hosts three confirmed zones of historical tungsten workings, and the company expects that the extensive existing disturbance will support its case that the project area is previously disturbed ground. In NEPA terms, a site that has already seen mining activity can, in many cases, follow a more streamlined environmental review than a true greenfield disturbance, because the baseline conditions and reclamation considerations are different.The historical numbers at Rowland are modest in absolute terms but striking in grade. Recorded output includes roughly 4.5 tons grading 3.38% WO3 in 1943, and on the order of 1,000 tons at 0.5–1.0% WO3 in the mid-1950s—figures that speak to high-grade scheelite mineralization left behind when tungsten prices collapsed and cheaper Chinese supply took over. Those grades are precisely the kind of legacy that becomes interesting again when the metal trades at multiples of where it sat a few years ago, and when buyers will pay a premium for units that never touch a Chinese supply chain.Western Star's technical disclosure on Rowland has been reviewed and approved by Jasper Mowatt, MIMMM and MAusIMM, a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Investors should note that historical production figures pre-date modern reporting standards and have not been verified as current mineral resources; they are indicative of the tenor of past mining rather than a present-day resource estimate.Want the full picture on Rowland's high-grade history and Phase 2 targets? Explore the project breakdown here.A market that has changed beyond recognitionThe reason a single permitting engagement carries weight is the metal market behind it. According to Fastmarkets, ammonium paratungstate (APT) assessments for the 88.5% WO3 CIF Rotterdam and Baltimore duty-free benchmark climbed from roughly $900–940 per metric tonne unit in January to a $1,650–1,900 range by mid-February as buyers scrambled to secure units—moves that trace directly to China's control of more than three-quarters of global supply and its tightening export posture. Pricing has stayed volatile and elevated since, with some assessments through the spring running well above $3,000 per mtu even as softer Chinese domestic demand introduced two-way risk into the spot market.The policy layer reinforces the price signal. China's 2026 mining quotas are being cut a further 8%, deepening a cumulative reduction relative to 2024 levels, and S&P Global analysis cited in market commentary has noted that even a mine breaking ground today would struggle to deliver meaningful supply before about 2030. For Western buyers facing the 2027 DFARS procurement cliff, that timeline gap is the entire investment thesis: the demand is mandated, the lead times are long, and the qualified Western supply simply does not yet exist at scale.It is worth distinguishing the company's primary news date from this commentary. Western Star issued its KC Harvey announcement on June 3, 2026; this article is syndicated market commentary published by USA News Group on behalf of Market IQ Media Group, Inc. and should not be read as the company's own disclosure.Four tungsten names investors are watching alongside Western StarWestern Star sits at the early, pre-drill end of the tungsten spectrum, which makes the broader peer group useful context for understanding where capital is flowing as the reshoring trade matures. Four operators—spanning producers and developers across North America, Europe, Asia and Australia—illustrate the range.Almonty Industries Inc. (NASDAQ: ALM) (TSX: AII) is the name most often cited as the template for what a Western tungsten producer can become. In March 2026, Almonty completed Phase 1 commissioning of its Sangdong tungsten mine in South Korea—back in production after more than three decades—with the plant designed to process around 640,000 tonnes of ore annually for roughly 2,300 tonnes of tungsten concentrate per year. A Phase 2 expansion slated for 2027 is designed to roughly double that output, with the company targeting supply of about 40% of global tungsten demand outside China. Almonty has relocated its corporate headquarters to Montana and frames Sangdong explicitly around U.S. defense procurement requirements that mandate non-China sourcing after 2027.Guardian Metal Resources PLC (NYSE American: GMTL) (LON: GMET) (OTCQB: GMTLF) is arguably the closest structural and geographic comparison to Western Star. The company is advancing two past-producing Nevada tungsten projects—Pilot Mountain and Tempiute—and, per its May 6, 2026 update, is progressing a pre-feasibility study at Pilot Mountain supported by a U.S. Department of War $6.2 million Defense Production Act Title III investment, with a mine Plan of Operations targeted for submission to U.S. regulators in August 2026. Guardian completed a NYSE American listing on March 20, 2026. Its permitting-and-feasibility trajectory on Nevada ground is, in effect, a few steps ahead on the same road Western Star is now starting down at Rowland.EQ Resources Limited (ASX: EQR) rounds out the producer side from the Australia–Europe axis. Per its H1 FY2026 results, the company lifted half-year revenue 26% to A$43.96 million on tungsten concentrate production of 67,126 mtu across its Mt Carbine mine in Queensland and Barruecopardo mine in Spain, while narrowing its net loss sharply. Management has guided to a Mt Carbine ramp-up toward roughly 1,750 tonnes of WO3 annually by the end of 2026 as the operation moves into higher-grade in-situ ore. EQ underscores how operating leverage at an existing producer can swing results quickly when tungsten prices are running.American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FRA: RK90) is the closest peer on the explorer end of the spectrum. The company is advancing the IMA Mine Project in Lemhi County, Idaho—a past-producing underground tungsten mine on 22 patented claims that yielded approximately 199,449 mtu of WO3 between 1945 and 1957. American Tungsten is running a multi-rig drilling program to define a modern resource and assess a potential restart of underground operations, pursuing a phased strategy that begins with surface tailings before moving to underground rehabilitation. Like Western Star, its thesis rests on reactivating a high-grade historical asset rather than discovering one from scratch.Across all four, the common thread is the same one driving interest in Western Star: a Western jurisdiction, a defensible supply-chain story, and a buyer base that is increasingly willing—and in defense contexts, legally required—to pay up for non-Chinese tungsten.What to watch from hereFor Western Star specifically, the near-term catalysts now cluster around the permitting and exploration programs running in tandem. The company has said it will provide further updates upon submission of the Plan of Operations and as the NEPA review progresses—so the filing of the FS-2800-5 itself becomes the first concrete milestone to watch, followed by the Forest Service's determination on the appropriate level of environmental review. A streamlined pathway predicated on previously disturbed ground would be a meaningful de-risking event; a more involved review would extend the runway to drilling.Layered on top is the policy calendar. Canada's Critical Mineral Exploration Tax Credit framework, carried in Budget 2025 measures that received Royal Assent on March 26, 2026, offers a 30% credit stacked on top of the existing flow-through deduction structure for qualifying agreements—an increasingly relevant financing lever for tungsten-focused juniors looking to fund drill programs. And the 2027 federal procurement cliff continues to compress the window in which a credible, friendly-jurisdiction tungsten story can establish itself before defense buyers lock in their qualified suppliers.None of this changes the fundamental reality that Rowland remains an early-stage exploration property whose grades are documented in the historical record rather than a modern resource estimate. But the company's decision to put a specialist permitting consultant on the file and open the federal dialogue now—rather than wait—tells investors how Western Star reads the moment: a market where the scarce commodity may end up being not tungsten itself, but the time and permits required to bring Western ounces to surface before the deadline arrives.Stay ahead of the next Rowland milestone — get updates and the full Western Star story here.About Western Star ResourcesWestern Star Resources Inc. is a mineral exploration and development company whose objective is to increase shareholder value through cost-effective exploration, the acquisition of further exploration properties, and partnerships by joint venture or sale with industry leaders. The company's 100%-owned, past-producing Rowland Tungsten Property is located in Elko County, Nevada. The company also owns nine non-surveyed contiguous mineral claims totaling 4,740 hectares in the Revelstoke mining division of British Columbia, located approximately 50 kilometres southeast of Revelstoke, B.C.CONTACTEquity Insider | info @therooster-2873Disclaimer / DisclosureNothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. equity-insider.com is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has previously been paid a fee for Western Star Resources Inc. advertising and digital media from the company directly which has since expired. There may be 3rd parties who may have shares Western Star Resources Inc., and may liquidate their shares which could have a negative effect on the price of the stock. Previous compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ do not own any shares of Western Star Resources Inc. but reserve the right to buy and sell, and will buy and sell shares of Western Star Resources Inc. at any time hereafter without any further notice. We also expect further compensation in the future as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Certain statements in this article constitute "forward-looking information" within the meaning of applicable securities legislation, including statements regarding permitting timelines, exploration and drilling programs, NEPA review outcomes, and tungsten market conditions. Such statements are subject to risks and uncertainties, including risks associated with exploration activity, regulatory and permitting processes, equipment availability, commodity prices, and other factors. Readers are advised not to place undue reliance on forward-looking information. Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of company disclosures referenced herein.Logo - https://mma.prnewswire.com/media/2840019/5997529/Equity_Insider_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/the-metal-china-controls-faces-a-2027-us-deadline--and-a-nevada-mine-just-made-its-move-302787490.htmlSOURCE Equity Insider Original: The Metal China Controls Faces a 2027 U.S. Deadline -- and a Nevada Mine Just Made Its Move
CA Market News
2月前
Six Years of Silver Deficits Meet a Sovereign Mineral ScrambleMay 7, 2026 9:04 AM
PR Newswire (US) Issued on behalf of GoldHaven Resources Corp.EquityInsider.com Sector CommentaryVANCOUVER, BC, May 7, 2026 /PRNewswire/ -- Silver has now been in a structural supply deficit for six straight years, with 762 million ounces pulled from global stockpiles since 2021 according to the Silver Institute's latest World Silver Survey[1]. That's roughly an entire year of global mine production, gone. At the same time, governments are treating metals like tungsten, zinc, and indium as national security priorities: Canada has signed more than 20 critical mineral agreements this year alone while the U.S. committed $12 billion to Project Vault, its first strategic minerals reserve[2]. The convergence is directing capital toward high-grade polymetallic deposits that carry silver alongside those very metals, and five companies are positioned at the center of it: GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF), Southern Silver Exploration (TSXV: SSV) (OTCQX: SSVFF), Americas Gold and Silver (NYSE-A: USAS) (TSX: USA), American Tungsten (CSE: TUNG) (OTCQB: TUNGF), and Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF). Bank of America's metals team now sees silver reaching $135 to $309 per ounce if physical shortages deepen, a range that reflects just how tight inventories have become across the precious metals complex[3]. The repricing isn't limited to silver. Tungsten prices have surged roughly 900% over the past twelve months as China restricts exports of the defense-critical metal, turning polymetallic deposits with built-in critical mineral optionality into the highest-conviction exploration targets of the cycle[4].GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) just announced the upsizing of its previously announced non-brokered financing to gross proceeds of up to $1.2 million—due to strong investor demand. The additional capital is set to further strengthen GoldHaven's fully funded 2026 exploration program at its flagship Magno Project in the Cassiar District of British Columbia, and it's expected to support an expanded drill campaign targeting a large-scale, multi-phase mineral system with significant and critical metals exposure, including tungsten and indium."The level of investor interest reflects growing recognition of the opportunity at Magno," said Rob Birmingham, CEO of GoldHaven. "With drilling set to expand beyond our initial program, we are entering a catalyst-rich phase where we can begin to test the scale of this system across multiple high-priority targets. We believe Magno has the characteristics of a large, multi-phase mineral system, and this program is a key step in advancing that potential."Magno is a district-scale polymetallic property spanning more than 37,200 hectares, carrying silver, tungsten, lead, zinc, and indium mineralization. Tungsten is classified as a critical mineral by both the Canadian and U.S. governments, and Canada currently has no primary domestic tungsten production. GoldHaven Resources has already submitted its drill permit application at Magno and filed a technical report covering the polymetallic system, positioning the project for its first drill program as the funding comes together."We are entering an exciting and highly strategic phase at Magno, where multiple high-grade zones and distinct mineralization styles have now been defined across a large, consolidated land package," said Birmingham. "The combination of high-grade silver-lead-zinc mineralization and growing exposure to critical minerals such as tungsten and indium continues to reinforce our view that Magno hosts the hallmarks continues to reinforce our view that Magno is emerging as a compelling district-scale silver and critical minerals exploration opportunity in the Cassiar District."The company is also active in Brazil, where an independent geological review of its 100%-owned Copeçal Gold Project confirmed a large-scale, structurally controlled hydrothermal gold system. The review identified higher-grade gold enrichment at the West Target tied to fold hinge structures, and copper-gold vectors at the East Target supported by zoned sulphide assemblages indicating increasing temperature at depth. A Phase II drill program at Copeçal is planned for 2026, designed to test the high-priority structural and geophysical targets identified through that review.CONTINUED… Read this and more news for GoldHaven Resources at:
https://equity-insider.com/2025/10/02/the-goldhaven-story-two-continents-one-strategy-systematic-historic-gold-district-exploration-2/In other industry developments:Southern Silver Exploration (TSXV: SSV) (OTCQX: SSVFF) reported final assays from its Puro Corazon drill program at the Cerro Las Minitas Project in Durango, Mexico, with hole 26CLM-221 returning 4.6 metres averaging 201 g/t silver, 4.5% lead, and 9.8% zinc (557 g/t AgEq). All 23 planned holes in the program have been completed, extending skarn and replacement mineralization 400 metres laterally and to 500 metres depth."The 2025-26 drill program successfully outlined and upgraded mineralization on the Puro Corazon claim, extending mineralization within the skarn-altered halo around the main intrusion for upwards of 400 metres laterally and to depths of up to 500 metres below surface, where it transitions into previously identified mineralization in the larger CLM claim block," said Rob Macdonald, Vice President of Exploration of Southern Silver Exploration. "More significantly, drilling also intersected multiple bonanza-grade, replacement-styled intercepts on the outer edge of the skarn-altered halo, potentially forming a shallow high-grade lens outboard of the main skarn zone and starting within 200 metres of surface."Southern Silver Exploration plans to incorporate Puro Corazon results into an updated mineral resource estimate and preliminary economic assessment for the full Cerro Las Minitas project.Americas Gold and Silver (NYSE-A: USAS) (TSX: USA) reported a strong resource update, with consolidated silver M&I Mineral Resources rising 10% to 115.7 million ounces while the flagship Galena Complex in Idaho posted a 19% increase in M&I resources to 87.9 million ounces at 501 g/t silver, a 21% grade improvement year over year. The company also announced two major new vein discoveries at Galena and a near-surface high-grade find at its Cosalá operations in Mexico."In our new M&I Resource at Galena, we have seen very strong ounce growth of 19% year over year with a tremendous 21% improvement in grades to 501g/t silver," said Paul Andre Huet, Chairman and CEO of Americas Gold and Silver. "This increase across the board demonstrates what Galena has already done for over 100 years of mining history: replace depletion, add ounces and continue to establish itself as one of the highest grade primary silver systems in the world."Looking ahead, the company has launched its largest-ever exploration drilling campaign, targeting 64,000 meters across its properties with a budget of up to $20 million in 2026, underpinned by multiple new high-grade targets at both Galena and Cosalá.American Tungsten (CSE: TUNG) (OTCQB: TUNGF) announced initial drilling results from the second drill station on the D-Level of the IMA Mine in Lemhi County, Idaho, with significant tungsten-silver intercepts in all three holes demonstrating continuity of the polymetallic vein system along strike and up-dip from historical workings. Highlights include 28.3 feet at 0.39% WO3 (including 5.5 feet at 0.82% WO3) in hole AT25-08, 26.2 feet at 0.33% WO3 in AT25-09, and 10 feet at 0.80% WO3 in AT25-10."The results from the second drill station on the D-Level further reinforce the continuity and scale of the tungsten-silver vein system at the IMA Mine," said Ali Haji, CEO of American Tungsten. "The consistent mineralization widths encountered across all drillholes support our understanding of the vein geometry and its extension up-dip and along strike from historical workings. These results provide continued confidence as we systematically advance drilling to define a modern, mineable resource."Current drilling at the IMA Mine is conducted from a new exploration drift in the footwall of the vein system, targeting historical mineral reserves and extending mineralization limits up-dip and along strike. American Tungsten is advancing the Idaho project toward definition of a modern resource, with additional completed drillhole assays pending.Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) released an updated Preliminary Economic Assessment for its 100%-owned Tonopah West silver-gold project in Nevada, delivering an After-Tax IRR of 28% and NPV5% of US$437 million on initial capex of US$190 million across an 11.2-year mine life. Indicated resources increased 90% to 40.2 million AgEq ounces at 454 g/t AgEq, with average annual production of 7.1 million AgEq ounces at AISC of US$17.44 per ounce."When we published our inaugural preliminary economic assessment 18 months ago, every ounce in the mine plan was inferred. Today we are presenting a high-confidence project underpinned by a substantial indicated resource base of 40.2 million silver equivalent ounces, nearly double what we reported in our previous resource estimate," said Andrew Pollard, President and CEO of Blackrock Silver.Anchored at US$31 per ounce silver and US$2,700 per ounce gold, Blackrock Silver projects after-tax life-of-mine cash flow of US$778 million with a payback period of 3.5 years. An inferred resource of 83 million AgEq ounces and an open vein system support continued resource expansion.FURTHER READING: https://equity-insider.com/2025/10/02/the-goldhaven-story-two-continents-one-strategy-systematic-historic-gold-district-exploration-2/CONTACT:
Equity Insider
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity-Insider is wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for Baystreet.ca Media Corp. ("BAY"), who has been paid a fee for an advertising campaign. MIQ has not been paid a fee for GoldHaven Resources Corp. advertising or digital media, but the owner/operators of MIQ also co-owns BAY. There may also be 3rd parties who may have shares of GoldHaven Resources Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by GoldHaven Resources Corp. The scientific and technical information disclosed in this document have been reviewed and approved by two Qualified Persons (QPs). The Copeçal Technical Report identifies Jean-Marc Lopez, B.Sc., FAusIMM, as the Qualified Person responsible for the report. The report "GoldHaven Resources Completes Summer Exploration Programs" states that the technical information has been reviewed and approved by Jonathan Victor Hill, B.Sc. Hons, FAusIMM, an independent Qualified Person and Country Manager of GoldHaven. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://silverinstitute.org/wp-content/uploads/2026/04/World-Silver-Survey-2026.pdf https://thehub.ca/2026/04/21/canada-signs-over-20-critical-mineral-deals-but-faces-12-billion-u-s-challenge-to-turn-diplomacy-into-mines/ https://thedeepdive.ca/bank-of-america-sees-silver-surging-to-309-in-extreme-scenario-as-supply-deficit-deepens/ https://theoregongroup.com/commodities/tungsten/why-tungsten-prices-are-rising-so-fast-inside-the-supply-crunch/Logo: https://mma.prnewswire.com/media/2840019/Equity_Insider_Logo.jpg View original content:https://www.prnewswire.com/news-releases/six-years-of-silver-deficits-meet-a-sovereign-mineral-scramble-302765340.html Original: Six Years of Silver Deficits Meet a Sovereign Mineral Scramble
CA Market News
3月前
Major Institutions are Positioning the $30B Supply Shift for Strategic Growth Potential - Equity Insider.com News CommentaryMarch 30, 2026 5:16 PM
PR Newswire (US)
Issued on behalf of Eagle Nuclear Energy Corp.VANCOUVER, BC, March 30, 2026 /PRNewswire/ -- Global energy needs are shifting. More than 75 nuclear reactors are currently under construction worldwide, and over 120 additional units are in advanced planning stages as baseload capacity expands across 15 countries[1]. The United States is actively working to anchor this buildout domestically. In February, the State Department brought together 54 nations at the 2026 Critical Minerals Ministerial, confirming a pivotal $30 billion in federal support to build highly secure supply chains over the last six months[2]. Right now, five scalable companies operating across uranium permitting, lithium offtake, high-grade silver discovery, copper resource expansion, and domestic tungsten development are positioning themselves to try to capture this structural realignment: Eagle Nuclear Energy Corp. (NASDAQ: NUCL), Lithium Ionic (TSXV: LTH) (OTCQB: LTHCF), Brixton Metals (TSXV: BBB) (OTCQX: BBBXF), Koryx Copper (TSXV: KRY) (OTCQB: KRYXF), and American Tungsten (CSE: TUNG) (OTCQB: TUNGF).
Major institutions are quietly positioning for strategic growth potential as global authorities validate this transition. The International Energy Agency's Electricity 2026 report projects nuclear generation rising steadily through 2030, estimating that renewables and nuclear will combine to generate roughly half of all global electricity by the end of the decade[3]. Yet, one of the value drivers separating advanced projects from stalled operations comes down to a single bottleneck: permitting certainty. In an era defined by a looming supply crunch, locking down early regulatory approval can be a contributor to long-term stability and sustainable market value.Eagle Nuclear Energy (NASDAQ: NUCL) recently announced the appointment of SLR International Corporation as lead permitting manager for the Aurora Uranium Project, the company's flagship asset located along the Oregon-Nevada border.For a company that just listed on the NASDAQ in February 2026, this is a calculated early move. Permitting is where uranium projects go to die slowly. Getting the right firm locked in before the regulatory clock starts ticking can mean the difference between a project that advances and one that stalls for years.SLR is not a generic hire. The firm's designated team has direct working relationships with the Bureau of Land Management and the Oregon Department of Geology and Mineral Industries, the two agencies that will ultimately decide Aurora's fate. That same team already guided Paramount Gold's Grassy Mountain project and Jindalee Lithium's McDermitt project through permitting in Malheur County, Oregon, the exact county where Aurora sits. When a firm already knows the regulators by name, the learning curve is reduced.There is also a potential shortcut in play. SLR helped get Jindalee's McDermitt project fast-tracked under the U.S. federal government's FAST-41 program, which is designed to compress environmental review timelines for major infrastructure projects. Eagle's management is now working with SLR to try to get Aurora onto that same list."SLR's permitting expertise, their proven track-record around the world, and their relevant experience in our neighbourhood, makes them a natural partner for Eagle as we plan to take Aurora toward the next stage of development," said Vishal Gupta, VP of Operations of Eagle. "The SLR team has been involved in extensive engagement with regulators at the county, state and federal levels, which has direct relevance to expediting the permitting process for Aurora."SLR will manage all permitting work for Aurora, covering environmental baseline studies, drill program support, metallurgical studies, and hydrogeological analysis. The target is a Pre-Feasibility Study by late 2027.Eagle is building toward a vertically integrated nuclear energy model, pairing the Aurora deposit, which holds 32.75 million pounds of indicated uranium and 4.98 million pounds of inferred uranium, with proprietary Small Modular Reactor technology. The company's recent membership in the Uranium Producers of America reinforces its positioning as a domestic uranium supply option at a time when U.S. reactors source more than 95% of their fuel from foreign suppliers.Other industry developments and happenings in the market include:Lithium Ionic (TSXV: LTH) (OTCQB: LTHCF) has secured binding offtake agreements with Yahua Group and Grand Chen for 170,000 tonnes per annum of spodumene concentrate from its Bandeira Lithium Project in Minas Gerais, Brazil. The five-year take-or-pay contracts include a US$1,000 per tonne floor price with no discount to spot and a combined US$20 million pre-payment facility to support construction financing."We are very pleased to be partnering with Yahua Group and Grand Chen — two highly capable and globally established participants in the lithium supply chain, and Tier-1 suppliers to leading battery and electric vehicle manufacturers," said CEO Blake Hylands of Lithium Ionic. "Their commitment to the Bandeira Project is a strong endorsement of both the quality of our asset and our ability to deliver high-quality spodumene concentrate into global markets."The offtake counterparties supply tier-one customers including BYD, Tesla, CATL, and LG Energy Solution, providing strong third-party validation of Bandeira's commercial positioning. Lithium Ionic is advancing project financing toward a construction decision, with the agreements materially enhancing bankability across a rapidly growing global lithium supply chain.Brixton Metals (TSXV: BBB) (OTCQX: BBBXF) has reported record-grade silver intercepts from its 2026 drill campaign at the wholly owned Langis Silver Project in Cobalt, Ontario, highlighted by hole LM-26-290 returning 82,334 g/t silver over 0.5 metres within a broader 11.35 metre interval grading 4,560 g/t silver. The result, representing the company's highest-grade single sample on record, was captured within two veins of massive native silver associated with cobalt and nickel-bearing minerals."These results are extraordinary and are among the most significant silver drilled intercepts known to the Company globally," said Chairman and CEO Gary R. Thompson of Brixton Metals. "Hole LM-26-290 has delivered an exceptional result, highlighted by 82,334 g/t silver from a 0.50m core length sample containing abundant native-silver. This represents the highest-grade single sample ever reported by the Company and, to our knowledge, one of the highest silver grades ever reported globally."Drilling is ongoing in the Langis Shaft 6 area, targeting expansion and infill of established high-grade silver zones across a 2026 program that has completed 8,282 metres across 43 holes to date. Brixton Metals continues to demonstrate Langis as a high-grade primary silver project with significant discovery potential remaining.Koryx Copper (TSXV: KRY) (OTCQB: KRYXF) has released an updated mineral resource estimate for its wholly owned Haib Copper Project in southern Namibia, now totalling 2,090,000 tonnes of contained copper in the Indicated category and 1,385,000 tonnes Inferred, with a copper equivalent grade increase of 18% in the high-grade Indicated zone to 0.40% CuEq. The updated estimate incorporates molybdenum and gold as by-products for the first time, while the project's stripping ratio improved substantially from 1.74x to 0.92x."We are very pleased with the large improvement and refinement of the Haib MRE, particularly the grade increase of the high grade portion to 0.40% CuEq coupled with the conversion of a large volume of material previously modelled as waste into lower grade mineralised material, thereby increasing the total copper inventory from 2.6Mt to 3.5Mt," said President and CEO Heye Daun of Koryx Copper. "The life-of-mine of the Haib project is expected to grow very significantly from its current 24 years to likely more than 35 years."With 14 drill rigs advancing a 55,000 metre program expected to complete by mid-2026, Koryx Copper is targeting a further MRE update ahead of a Preliminary Feasibility Study planned for the fourth quarter of 2026.American Tungsten (CSE: TUNG) (OTCQB: TUNGF) has reported initial drill results from its second D-Level station at the IMA Mine in Lemhi County, Idaho, with significant tungsten-silver intercepts in all holes confirming continuity of the polymetallic vein system along strike and up-dip from historical workings. Highlights include 28.3 feet grading 0.39% WO3 and 1.08 oz/t silver in hole AT26-08, and 10 feet grading 0.80% WO3 and 1.91 oz/t silver in hole AT26-10."The results from the second drill station on the D-Level further reinforce the continuity and scale of the tungsten-silver vein system at the IMA Mine," said CEO Ali Haji of American Tungsten Corp. "The consistent mineralization widths encountered across all drillholes support our understanding of the vein geometry and its extension up-dip and along strike from historical workings. These results provide continued confidence as we systematically advance drilling to define a modern, mineable resource."American Tungsten has now completed 15 drillholes on the D-Level and 8 on the Zero Level, totalling approximately 7,800 feet, with excavation of a third drill station currently underway. Planning for the Zero Level includes up to 20 additional holes totalling approximately 10,000 feet from three locations.CONTACT:EQUITY INSIDERinfo @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. This article is being distributed by Equity-Insider.com on behalf of Market IQ Media Group Inc. ("MIQ"). MIQ has been paid a fee for Eagle Nuclear Energy Corp. advertising and digital media from Creative Digital Media Group ("CDMG"). There may be 3rd parties who may have shares of Eagle Nuclear Energy Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ does not own any shares of Eagle Nuclear Energy Corp. but reserve the right to buy and sell, and will buy and sell shares of Eagle Nuclear Energy Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been approved on behalf of Eagle Nuclear Energy Corp. by CDMG, and the company itself; this is a paid advertisement, we currently do not own shares of Eagle Nuclear Energy Corp. but reserve the right to buy and sell shares of NUCL, and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. Cautionary Note Regarding Forward-Looking Statements: Certain statements included in this document are not historical facts but are forward-looking statements. All statements other than statements of historical facts contained in this document are forward-looking statements. Any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. Forward-looking statements include, without limitation, expected benefits from Eagle's business combination with SVII; the outlook for Eagle's business; the viability of Eagle's mining claims and technologies; as well as any information concerning possible or assumed future results of operations of Eagle. The forward-looking statements are based on the current expectations of the management team of Eagle and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, (i) market risks; (ii) the outcome of any legal proceedings that may be instituted against Eagle related to its business combination; (iii) failure to realize the anticipated benefits of the business combination; (iv) the inability to maintain the listing of the Company's securities on Nasdaq Capital Market or a comparable exchange; (v) the risk that the price of Eagle's securities may be volatile due to a variety of factors, including changes in laws, regulations, technologies, natural disasters or health epidemics/pandemics, national security tensions, and macro-economic and social environments affecting its business; and (vi) fluctuations in spot and forward markets for lithium and uranium and certain other commodities (such as natural gas, fuel oil and electricity). The foregoing list is not exhaustive, and there may be additional risks that Eagle does not presently know or that Eagle currently believes are immaterial. You should carefully consider the foregoing factors, any other factors discussed in this document and the other risks and uncertainties described in filings made with the SEC by Eagle from time to time, which are or will be accessible at www.sec.gov. Eagle cautions you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth in this document speak only as of the date of this document.SOURCES:https://world-nuclear.org/information-library/current-and-future-generation/plans-for-new-reactors-worldwidehttps://www.state.gov/releases/office-of-the-spokesperson/2026/02/2026-critical-minerals-ministerialhttps://www.iea.org/reports/electricity-2026/executive-summary
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Original: Major Institutions are Positioning the $30B Supply Shift for Strategic Growth Potential - Equity Insider.com News Commentary
CA Market News
4月前
American Tungsten Completes C$40 Million Bought Deal FinancingMarch 18, 2026 9:24 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 18, 2026) - American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FSE: RK90) ("American Tungsten" or the "Company") is pleased to announce the closing of its previously announced bought deal private placement for aggregate gross proceeds of C$40,002,060 (the "Offering"). The Offering was conducted by Stifel Canada, as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters including Integrity Capital Group Inc. and Canaccord Genuity Corp. (collectively, the "Underwriters"), pursuant to which the Underwriters purchased on a bought deal basis, an aggregate of 14,286,450 units (the "Units") of the Company at a price of C$2.80 per Unit (the "Offering Price"). This total includes the full exercise of the Underwriters' option to purchase additional Units.Each Unit consists of one Class A common share of the Company (each, a "Unit Share") and one-half of one Class A common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Class A common share of the Company (each, a "Warrant Share") at a price of C$3.75 at any time before 5:00 p.m. (Toronto time) on March 18, 2029. The Underwriters received a cash commission of approximately C$2,400,123 equal to 6.0% of the gross proceeds of the Offering. As additional consideration for their services, the Underwriters were also issued 857,187 broker warrants (the "Broker Warrants") equal to 6.0% of the number of Units issued pursuant to the Offering. Each Broker Warrant entitles the holder thereof to subscribe for one Class A common share of the Company at the Offering Price until March 18, 2028.The net proceeds from the Offering are expected to be used by the Company to advance exploration and development at the Company's IMA Mine Project and for working capital and for general corporate purposes.The Units were offered by way of private placement: (a) in each of the provinces of Canada pursuant to applicable prospectus exemptions under applicable Canadian securities laws; (b) to investors in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended; (c) in jurisdictions outside of Canada and the United States as agreed to by American Tungsten and the Underwriters on a private placement equivalent basis.The Offering remains subject to the policies of the Canadian Securities Exchange (the "Exchange"). The securities issued pursuant to the Offering are subject to a four-month hold period in accordance with applicable Canadian securities laws and the rules of the Exchange.The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. Persons" (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities. About American Tungsten Corp.American Tungsten Corp. is a Canadian exploration company focused on high-potential tungsten and magnetite assets in North America. The Company is advancing the IMA Mine Project in Idaho to commercial production, addressing critical metal scarcity in North America. The Company's IMA Mine Project is a historic and high-quality underground tungsten past-producing property on private-patented land well above the water table with significant infrastructure. The Company holds an exclusive option to acquire full ownership (subject to a 2% royalty) and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres.For further updates, visit www.americantungstencorp.com or investor relations, Joanna Longo at ir@americantungstencorp.com.Social media links:LinkedIn: https://www.linkedin.com/company/americantungstencorp/
X: https://x.com/amtungsten
Facebook: https://www.facebook.com/americantungstencorp/
Instagram: https://www.instagram.com/americantungstencorp/
YouTube: https://www.youtube.com/@americantungstencorpFor further information, please contact:Ali Haji
Chief Executive Officer
Email: ahaji@americantungstencorp.com
Phone: +1 647 871 4571(CSE: TUNG)
(OTCQB: TUNGF)
(FSE: RK90)Cautionary Note Regarding Forward-Looking StatementsThe Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this news release.This news release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements regarding the use of proceeds from the Offering, the receipt of regulatory approvals and future results of operations, performance and achievements of the Company. Although the Company believes that such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors and risks, including, uncertainties with respect to obtaining all regulatory approvals to complete the Offering, uncertainties of the global economy, market fluctuations, the discretion of the Company in respect to the use of proceeds discussed above, any exercise of termination by counterparties under applicable agreements, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks identified in its disclosure documents filed at www.sedarplus.ca. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual events, results and/or developments may differ materially from those in the forward-looking statements. Readers should not place undue reliance on the Company's forward-looking statements. The forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update or revise any forward-looking statements to reflect new events or circumstances, except in accordance with and as required by applicable securities laws.No securities regulatory authority has either approved or disapproved of the contents of this news release.NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR DISSEMINATION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/288986
Original: American Tungsten Completes C$40 Million Bought Deal Financing
CA Market News
4月前
American Tungsten Initiates Drilling in Historical Tailings and Strengthens Its Geological TeamMarch 11, 2026 7:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 11, 2026) - American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FSE: RK90) ("American Tungsten" or the "Company") today announces initiation of an auger drilling program in the historical lower tailings impoundment on the IMA Mine site, Lemhi County Idaho. Drilling activities will be conducted over 30 acres of historical tailings left from previous mine activities. Preliminary samples of historical tailings collected in shallow trenches average 0.25% WO3 and 0.48 oz/t Ag, as reported January 20, 2026. American Tungsten has contracted Haz-Tech Drilling Inc, of Nampa, ID, to conduct hollow stem auger drilling in the tailings area. Currently, 35 drillholes are planned totaling approximately 370 feet to delineate tailings thickness and collect samples for assay and in-situ density. The duration of the drilling program is approximately 1 week."The tailings drilling program is a key component of our strategy, to unlock value and fully define the opportunity at the historic IMA Mine," said Ali Haji, CEO of American Tungsten Corp. "Initial sampling continues to support our view that the tungsten grades within the tailings are broadly representative of the remaining material on site. With modern processing technologies far more efficient than those available in the 1950s, we believe there is a clear pathway to significantly improve historical recoveries. The tailings represent a compelling, low-cost early-production opportunity that can generate near-term cash flow while advancing meaningful site restoration as part of our overall development plan."Lower Tailings SamplingHistorical tailings from past mining activities are present over an area of approximately 30 acres on the IMA Mine's land package within the Pahsimeroi valley, known as the Lower Tailings Impoundment. Historical operators estimated the Lower Tailings Impoundment to contain 222,000 cubic yards of tailings. As reported previously, preliminary sampling of tailings materials in 5 shallow test pits averaging 3.5 ft deep spaced approximately 500 ft apart average 0.235 % WO3 and 0.45 oz/t Ag. These samples were submitted to Sepro Laboratories for preliminary metallurgical test work in January 2026. Results will be announced when test work is completed. Figure 1: CME 850 Drill rig in the lower tailings area, IMA Mine.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11701/288051_32bc5062d4e44863_001full.jpgFigure 2: Lower Tailings Impoundment showing planned drillholes and previously reported tailings sample locations.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11701/288051_32bc5062d4e44863_002full.jpgTable 1: Tailings sampling results1,2 (previously reported, January 20, 2026)Sample IDLocationTypeLength (ft)WO3_%MoS2_%Ag optCu %Pb %Zn %1103820-1103824Lower TailingsComposite
0.2530.0190.4760.0330.0820.0871103820Lower TailingsTest Pit1.50.1580.0110.190.020.030.041103821Lower TailingsTest Pit3.50.4140.0140.930.050.200.091103822Lower TailingsTest Pit3.50.1870.0190.410.030.050.051103823Lower TailingsTest Pit3.50.1120.0160.250.020.030.021103824Lower TailingsTest Pit60.3030.0270.460.040.070.161) Composite values are length weighted average values of sub-samples collected from continuous channel transects and represent true widths
2) WO3 and MoS2 % values are calculated from ppm analyses based on stoichiometry factors of 1.2611 and 1.668 Strengthening Our TeamAmerican Tungsten also announces that Max Baker has joined the Company as an Advisor to its geological team. With more than 45 years of global exploration experience across Australia, Asia, Europe, and the Americas, Max has played key roles in multiple significant mineral discoveries and has advanced projects from early-stage exploration through resource definition and development."Max joins American Tungsten at a pivotal moment," said Ali Haji, CEO. "His depth of experience in turning geological potential into mine-ready resources will be instrumental as we advance toward production this year. His leadership strengthens our confidence in delivering a domestic tungsten supply in the United States."Max resides in Idaho, and currently consults on uranium, tungsten, lithium, gold, and base-metal projects in the Northwestern U.S. He is a Co-Founder of Chariot Corporation (ASX-listed) and previously served as VP Exploration and Co-Founder of Integra Resources, where he helped expand the DeLamar-Florida Mountain resource to ~5 Moz AuEq and consolidate a 32,000-acre land package.About the IMA MineThe IMA Mine is a past producing underground tungsten mine situated on 22 patented claims located in East Central Idaho. Between 1945 and 1957, the property produced approximately 199,449 MTUs of WO3 and was subsequently explored for molybdenum and tungsten by various operators between 1960-2010. American Tungsten Corp is currently conducting an exploration drill program and assessing potential for re-start of underground tungsten mining operations at the IMA Mine.QA/QC and Sample AnalysisAmerican Tungsten Corp's Quality Assurance and Quality Control QA/QC program applies industry standard best practices to ensure data quality and integrity for the IMA Mine project, including maintaining chain of custody, secure sample transport and storage, adherence to data collection protocols and inclusion of certified reference, blank and duplicate quality assurance samples in laboratory submissions.Samples were collected by professional geologists and efforts were made to ensure geological representativity of samples. Samples were submitted to ALS Global laboratory in Twin Falls, Idaho, for preparation. Samples were crushed to 70% passing 2 mm screen, rotary splitting 250g and pulverized to 85% passing a 75 µm screen. Samples were analyzed by ALS Minerals in the Vancouver, BC, Canada. Samples were analyzed by four acid digest with ICP-MS finish. Samples exceeding 200 ppm W were analyzed by XRF with lithium borate fusion preparation. Samples exceeding 50ppm Ag were analyzed by fire assay with gravimetric finish. Qualified PersonTechnical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI-43-101"). Austin Zinsser, P.G., SME-RM, Vice President, Exploration for the Company, and a Qualified Person as defined by NI-43-101, has reviewed and approved the scientific and technical information in this news release.About American Tungsten Corp.American Tungsten Corp. is a Canadian exploration company focused on high-potential tungsten and magnetite assets in North America. The Company is advancing the IMA Mine Project in Idaho to commercial production, addressing critical metal scarcity in North America. The Company's IMA Mine Project is a historic and high-quality underground tungsten past-producing property on private-patented land well above the water table with significant infrastructure. The Company holds an exclusive option to acquire full ownership (subject to a 2% royalty) and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres.For further updates, visit www.americantungstencorp.com or investor relations, Joanna Longo at ir@americantungstencorp.com.Social media links:
LinkedIn: https://www.linkedin.com/company/americantungstencorp/
X: https://x.com/amtungsten
Facebook: https://www.facebook.com/americantungstencorp/
Instagram: https://www.instagram.com/americantungstencorp/
YouTube: https://www.youtube.com/@americantungstencorpFor further information, please contact:Ali Haji
Chief Executive Officer
Email: ahaji@americantungstencorp.com
Phone: +1 647 871 4571(CSE: TUNG)
(OTCQB: TUNGF)
(FSE: RK90)The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release.This news release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to anticipated results of pending analyses, future work plans, additional sampling and preliminary metallurgical test work to be carried out on the Lower Tailings Impoundment, and all the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has either approved or disapproved of the contents of this news release. The Company undertake no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law. Statements concerning historical mineral resources, production, and exploration results on the property have been obtained through both public and private sources, and are believed to be substantially factual and relevant in that they demonstrate the tenor of exploration targets on the property. Historical resource estimates pre-date the implementation of NI 43-101 and do not use categories stipulated by CIM. Prior operators assigned confidence categories which differ from those stipulated by CIM, as they may not have demonstrated economic viability. The estimates should not be relied upon until they have been verified. Neither American Tungsten Corp., or its Qualified Person, has done sufficient work to classify the historical estimates as current mineral resources or to verify historical information regarding past production, sampling or drilling. American Tungsten Corp. is not treating the historical estimates as current mineral resources or mineral reserves. Exploration Targets discussed are conceptual in nature; it is uncertain whether a mineral resource will be delineated based on potential exploration. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288051
Original: American Tungsten Initiates Drilling in Historical Tailings and Strengthens Its Geological Team
CA Market News
4月前
American Tungsten Reports Positive Initial Metallurgical Test Work Results From IMA Tungsten ProjectMarch 3, 2026 7:15 AM
Newsfile-WO3 demonstrates strong amenability to dense media and gravity separation-Vancouver, British Columbia--(Newsfile Corp. - March 3, 2026) - American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FSE: RK90) ("American Tungsten" or the "Company") is pleased to report positive results of initial metallurgical test work conducted by Sepro Laboratories on tungsten-silver mineralized samples from the IMA Mine, Lemhi County, Idaho. HighlightsStaged Falcon gravity concentration with re-grinding achieved 94.4% WO3 recovery;Heavy liquid separation achieved 91.1% WO3 recovery with 33.8% mass pull; andSulfides effectively concentrated by flotation recovering 83.2% Cu, 72.0% Ag and 59.1% Mo with minimal WO3 loss."These initial metallurgical results reinforce the robustness of the material's response to dense media and gravity separation, supporting our view that the IMA Tungsten Project has the potential for an efficient and scalable processing pathway. Coupled with the momentum from our recently completed $40 million bought deal financing, we are in a strong position to accelerate technical de-risking and advance key development activities. We remain focused on driving value creation as we move the project toward its next stages," stated Ali Haji, CEO of American Tungsten Corp.Test programSepro Laboratories ("Sepro"), a division of Sepro Mineral Systems Corp., was contracted to conduct gravity and flotation test work on polymetallic tungsten quartz vein material from the IMA Mine. 130 kgs of representative materials were collected from 6 sample channels in the No. 5 and No. 7 veins on the D level of the IMA Mine and provided to Sepro for bench scale metallurgical testing. Head assays for the material show average grades of 1.1% WO3, 83 ppm Ag, 0.09 % Cu, 0.037% Mo, and 0.41% S. The objective of the test program was to evaluate the amenability of mineralized materials to a gravity-flotation flowsheet including dense media separation ("DMS"), Falcon centrifugal gravity concentrator ("Falcon"), tabling, and flotation methods. "The HLS [Heavy liquid separation] test results demonstrate excellent WO3 recovery and indicate that the sample is highly amenable to density-based separation." reported Sepro in the test report, and "Results of staged Falcon concentration with regrinding and final tabling demonstrates excellent gravity recoverability of WO3".Test ResultsAn open-circuit rougher Falcon gravity test entailing staged Falcon concentration with regrinding and final cleaning was conducted on the sample. The initial gravity stage achieved 84.4% WO3 recovery at a 29.6% mass pull. Subsequent rougher-cleaner and MAT table simulation further upgraded the cleaner concentrate with limited WO3 losses. Regrinding the rougher tail to P80 of 75 µm and treatment with a scavenger falcon recovered an additional 10.0% of the WO3, demonstrating potential for >90% recovery through gravity methods. Heavy liquid separation tests were conducted on ¼" crush material with under 0.85mm fraction removed at 2.85, 2.75, 2.7 and 2.65 cut points. The 2.85 SG cut achieved 65.3% WO3 recovery (13.81% WO3 grade) in a 4.4% mass pull, and achieved91.1% WO3 overall recovery in a 33.8% mass pull at 2.65 SG, demonstrating strong potential for DMS as a pre-concentration method. Sulfide-tungsten staged flotation testing was conducted at P80 of 75 µm. Sulfide pre-flotation recovered 81.4% of the S, 83.2% of the Cu, 72.0% of Ag, and 59.1% of Mo at a very low mass pull of 1.44%, with minimal WO3 loss (4.1% at 2.46% grade). Subsequent WO3 rougher flotation recovered 89.7% of the WO3 at a 14.93% mass pull. Bond Ball Mill Work Index (BBWi) testing was performed to assess grindability. The sample was found to have medium to hard grindability characteristics of 13.51 kW hr/tonne, indicating moderate energy inputs required for comminution.American Tungsten, and its contractors are actively interpreting results and planning for additional metallurgical and process design testing which may include HLS crush size variability tests, locked cycle Falcon gravity testing, sulfide pre-flotation with Falcon concentration, magnetic separation for concentrate upgrading and geo-metallurgical variability testing. Additional metallurgical test work by Sepro of historical tailings materials is currently on-going. About the IMA MineThe IMA Mine is a past producing underground tungsten mine situated on 22 patented claims located in East Central Idaho. Between 1945 and 1957, the property produced approximately 199,449 MTUs of WO3 and was subsequently explored for molybdenum and tungsten by various operators between 1960-2010. American Tungsten Corp is currently conducting an exploration drill program and assessing potential for re-start of underground tungsten mining operations at the IMA Mine.QA/QC and Sample MethodologyUnderground sampling was conducted using a cordless hammer drill +/- a diamond saw where required in competent silicified veinwork. Sampling methodology was designed to obtain representative samples of the entirety of the vein; samples were typically vertical channels, chipped or sawn appx 6-10 cm wide, extending from rib to rib, ranging from 5-10 feet length. Samples were collected in 5 gallon buckets and shipped to Sepro by commercial courier. Samples received by Sepro were coarse crushed and homogenized using a rotary splitter, splits collected for various processes and head assays, and remainer stage crushed to 3.35 mm with additional preparation as required. Assaying was conducted by MSA Labs of Langley, BC as directed by Sepro using 4-acid digest with ICP-ES finish and peroxide fusion methods for tungsten.While efforts were made to collect and submit representative samples for testing, the reader is cautioned that sample results discussed herein are based on a limited sample volume, and may not ultimately be representative of all mineralized materials, and their metallurgical recoveries. Additional variability testing is required to further assess overall metallurgical performance of mineralized materials from the Ima project.American Tungsten Corp's Quality Assurance and Quality Control QA/QC program applies industry standard best practices to ensure data quality and integrity for the IMA Mine project, including maintaining chain of custody, secure sample transport and storage, adherence to data collection protocols and inclusion of certified reference, blank and duplicate quality assurance samples in laboratory submissions. Qualified PersonTechnical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI-43-101"). Austin Zinsser, P.G., SME-RM, Vice President, Exploration for the Company, and a Qualified Person as defined by NI-43-101, has reviewed and approved the scientific and technical information in this news release.About American Tungsten Corp.American Tungsten Corp. is a Canadian exploration company focused on high-potential tungsten and magnetite assets in North America. The Company is advancing the IMA Mine Project in Idaho to commercial production, addressing critical metal scarcity in North America. The Company's IMA Mine Project is a historic and high-quality underground tungsten past-producing property on private-patented land well above the water table with significant infrastructure. The Company holds an exclusive option to acquire full ownership (subject to a 2% royalty) and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres.For further updates, visit www.americantungstencorp.com or investor relations, Joanna Longo at ir@americantungstencorp.com.Social media links:
LinkedIn: https://www.linkedin.com/company/americantungstencorp/
X: https://x.com/amtungsten
Facebook: https://www.facebook.com/americantungstencorp/
Instagram: https://www.instagram.com/americantungstencorp/
YouTube: https://www.youtube.com/@americantungstencorpFor further information, please contact:Ali Haji
Chief Executive Officer
Email: ahaji@americantungstencorp.com
Phone: +1 647 871 4571CSE: TUNG
OTCQB: TUNGF
FSE: RK90The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release.This news release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to future test work, sample representativity, recommencement of mining or production, pending analyses, future work plans and all the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has either approved or disapproved of the contents of this news release. The Company undertake no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law. While efforts were made to collect and submit representative samples for testing, the reader is cautioned that sample results discussed herein are based on a limited sample volume, and may not ultimately be representative of all mineralized materials, and their metallurgical recoveries. Additional variability testing is required to further assess overall metallurgical performance of mineralized materials from the project. Statements concerning historical mineral resources, production, and exploration results on the property have been obtained through both public and private sources, and are believed to be substantially factual and relevant in that they demonstrate the tenor of exploration targets on the property. Neither American Tungsten Corp., or its Qualified Person, has done sufficient work to verify historical information regarding past production, sampling or drilling. American Tungsten Corp. is not treating the historical estimates as current mineral resources or mineral reserves. Exploration Targets discussed are conceptual in nature; it is uncertain whether a mineral resource will be delineated based on potential exploration. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286065
Original: American Tungsten Reports Positive Initial Metallurgical Test Work Results From IMA Tungsten Project
CA Market News
4月前
/C O R R E C T I O N -- American Tungsten Corp./March 2, 2026 2:18 PM
PR Newswire (Canada)
In the news release, AMERICAN TUNGSTEN ANNOUNCES UPSIZE OF BOUGHT DEAL FINANCING TO $35 MILLION, issued 02-Mar-2026 by American Tungsten Corp. over CNW, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:
AMERICAN TUNGSTEN ANNOUNCES CORRECTION TO WARRANT TERMS OF UPSIZED BOUGHT DEAL FINANCING TO $35 MILLION
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/VANCOUVER, BC, March 2, 2026 /CNW/ - American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FRA: RK90) ("American Tungsten" or the "Company"). Further to the Company's financing upsize news release disseminated this morning announcing it has entered into an amended agreement with Stifel Canada to act as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (together with Stifel Canada, the "Underwriters"), pursuant to which the Underwriters have now agreed to purchase, on a "bought deal" basis, 12,423,000 units of the Company (the "Units") at a price of C$2.80 per Unit (the "Offering Price") for aggregate gross proceeds of C$34,784,400 (the "Offering"), the Company wishes to clarify that each Unit issued pursuant to the Offering will consist of one Class A common share (a "Common Share") in the capital of the Company and one-half of one Class A common share purchase warrant (each whole warrant, a "Warrant") rather than a one full Warrant as previously announced. Each Warrant will be exercisable to acquire one Common Share for a period of 36 months following the closing date of the Offering at an exercise price of C$3.75 per common share.The net proceeds from the Offering are expected to be used by the Company to advance exploration and development at the Company's IMA Mine Project and for working capital and for general corporate purposes.The Units will be offered by way of private placement: (a) in each of the provinces of Canada pursuant to applicable prospectus exemptions under applicable Canadian securities laws; (b) to investors in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended; (c) in jurisdictions outside of Canada and the United States as are agreed to by American Tungsten and the Underwriters on a private placement equivalent basis.The Offering is scheduled to close on or about March 18, 2026 (the "Closing Date") and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals.The Offering is subject to the policies of the Canadian Securities Exchange (the "Exchange"). The securities issued pursuant to the Offering will subject to a four-month hold period in accordance with applicable Canadian securities laws and the rules of the Exchange.The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. Persons" (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities. About American Tungsten Corp.American Tungsten Corp. is a Canadian exploration company focused on high-potential tungsten and magnetite assets in North America. The Company is advancing the IMA Mine Project in Idaho to commercial production, addressing critical metal scarcity in North America. The Company's IMA Mine Project is a historic and high-quality underground tungsten past-producing property on private-patented land well above the water table with significant infrastructure. The Company holds an exclusive option to acquire full ownership (subject to a 2% royalty) and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres.For further updates, visit www.americantungstencorp.com or investor relations, Joanna Longo at ir@americantungstencorp.com. Social media links:LinkedIn: https://www.linkedin.com/company/americantungstencorp/
X: https://x.com/amtungsten
Facebook: https://www.facebook.com/americantungstencorp/
Instagram: https://www.instagram.com/americantungstencorp/
YouTube: https://www.youtube.com/@americantungstencorpCSE:TUNG
OTCQB:TUNGF
FRA: RK90Cautionary Note Regarding Forward-Looking StatementsThe Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release.This news release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements regarding the closing of the offering, the timing of the closing of the offering, the use of proceeds from the offering, the receipt of regulatory approvals and future results of operations, performance and achievements of the Company. Although the Company believes that such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors and risks, including, uncertainties with respect to obtaining all regulatory approvals to complete the Offering, uncertainties of the global economy, market fluctuations, the discretion of the Company in respect to the use of proceeds discussed above, any exercise of termination by counterparties under applicable agreements, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks identified in its disclosure documents filed at www.sedarplus.ca. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual events, results and/or developments may differ materially from those in the forward-looking statements. Readers should not place undue reliance on the Company's forward-looking statements. The forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update or revise any forward-looking statements to reflect new events or circumstances, except in accordance with and as required by applicable securities laws.No securities regulatory authority has either approved or disapproved of the contents of this news release.In the current version of the release, amendments have been made to the headline and first three paragraphs have been updated. SOURCE American Tungsten Corp.
Original: /C O R R E C T I O N -- American Tungsten Corp./
CA Market News
4月前
AMERICAN TUNGSTEN ANNOUNCES UPSIZE OF BOUGHT DEAL FINANCING TO $35 MILLIONMarch 2, 2026 9:40 AM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/VANCOUVER, BC, March 2, 2026 /CNW/ - American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FRA: RK90) ("American Tungsten" or the "Company") is pleased to announce that due to investor demand, it has entered into an amended agreement with Stifel Canada to act as sole underwriter and bookrunner (the "Underwriter"), to increase the size of its previously announced "bought deal" private placement offering, pursuant to which the Underwriter has agreed to purchase on a bought deal basis, 12,423,000 units of the Company (the "Units") at a price of C$2.80 per Unit (the "Issue Price") for aggregate gross proceeds of C$34,784,400 (the "Offering").The Company has granted the Underwriter an option (the "Underwriter's Option") to purchase (or arrange for substituted purchasers to purchase) up to an additional 1,863,450 Units at the Issue Price on the same terms and conditions as the Offering. The Underwriter's Option will be exercisable, in whole or in part, at any time up until 48 hours prior to the closing of the Offering.Each Unit will consist of one Class A common share (a "Common Share") and one Class A common share purchase warrant ("Warrant") of the Company. Each Warrant will be exercisable to acquire one Common Share for a period of 36 months following the closing date of the Offering at an exercise price of C$3.75 per common share.The net proceeds from the Offering are expected to be used by the Company to advance exploration and development at the Company's IMA Mine Project and for working capital and for general corporate purposes.The Units will be offered by way of private placement: (a) in each of the provinces of Canada pursuant to applicable prospectus exemptions under applicable Canadian securities laws; (b) to investors in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended; (c) in jurisdictions outside of Canada and the United States as are agreed to by American Tungsten and the Underwriters on a private placement equivalent basis.The Offering is scheduled to close on or about March 18, 2026 (the "Closing Date") and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals.The Offering is subject to the policies of the Canadian Securities Exchange (the "Exchange"). The securities issued pursuant to the Offering will subject to a four-month hold period in accordance with applicable Canadian securities laws and the rules of the Exchange.The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. Persons" (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities. About American Tungsten Corp.American Tungsten Corp. is a Canadian exploration company focused on high-potential tungsten and magnetite assets in North America. The Company is advancing the IMA Mine Project in Idaho to commercial production, addressing critical metal scarcity in North America. The Company's IMA Mine Project is a historic and high-quality underground tungsten past-producing property on private-patented land well above the water table with significant infrastructure. The Company holds an exclusive option to acquire full ownership (subject to a 2% royalty) and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres.For further updates, visit www.americantungstencorp.com or investor relations, Joanna Longo at ir@americantungstencorp.com. Social media links:LinkedIn: https://www.linkedin.com/company/americantungstencorp/
X: https://x.com/amtungsten
Facebook: https://www.facebook.com/americantungstencorp/
Instagram: https://www.instagram.com/americantungstencorp/
YouTube: https://www.youtube.com/@americantungstencorpCSE:TUNG
OTCQB:TUNGF
FRA: RK90Cautionary Note Regarding Forward-Looking StatementsThe Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release.This news release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements regarding the closing of the offering, the timing of the closing of the offering, the use of proceeds from the offering, the receipt of regulatory approvals and future results of operations, performance and achievements of the Company. Although the Company believes that such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors and risks, including, uncertainties with respect to obtaining all regulatory approvals to complete the Offering, uncertainties of the global economy, market fluctuations, the discretion of the Company in respect to the use of proceeds discussed above, any exercise of termination by counterparties under applicable agreements, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks identified in its disclosure documents filed at www.sedarplus.ca. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual events, results and/or developments may differ materially from those in the forward-looking statements. Readers should not place undue reliance on the Company's forward-looking statements. The forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update or revise any forward-looking statements to reflect new events or circumstances, except in accordance with and as required by applicable securities laws.No securities regulatory authority has either approved or disapproved of the contents of this news release.SOURCE American Tungsten Corp.
Original: AMERICAN TUNGSTEN ANNOUNCES UPSIZE OF BOUGHT DEAL FINANCING TO $35 MILLION
CA Market News
4月前
American Tungsten Announces C$20 Million Bought Deal Private PlacementMarch 2, 2026 6:57 AM
PR Newswire (Canada)
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, BC, March 2, 2026 /CNW/ - American Tungsten Corp. (CSE:TUNG) (OTCQB:TUNGF) (FRA:RK90) ("American Tungsten" or the "Company") is pleased to announce that it has entered into an agreement with Stifel Canada to act as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (together with Stifel Canada, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 7,150,000 units of the Company (the "Units") at a price of C$2.80 per Unit (the "Offering Price") for aggregate gross proceeds of C$20,020,000 (the "Offering"). Each Unit will consist of one Class A common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant will be exercisable to acquire one Common Share at an exercise price of C$3.75 per Common Share for a period of 36 months following the Closing Date (as defined herein).The Company has granted the Underwriters an option, exercisable up to 48 hours prior to the closing date, to purchase for resale up to an additional 15% of Units to be sold under the Offering at the Offering Price for additional gross proceeds of up to C$3,003,000.The net proceeds from the Offering are expected to be used by the Company to advance exploration and development at the Company's IMA Mine Project and for working capital and for general corporate purposes.The Units will be offered by way of private placement: (a) in each of the provinces of Canada pursuant to applicable prospectus exemptions under applicable Canadian securities laws; (b) to investors in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended; (c) in jurisdictions outside of Canada and the United States as are agreed to by American Tungsten and the Underwriters on a private placement equivalent basis.The Offering is scheduled to close on or about March 18, 2026 (the "Closing Date") and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals.The Offering is subject to the policies of the Canadian Securities Exchange (the "Exchange"). The securities issued pursuant to the Offering will subject to a four-month hold period in accordance with applicable Canadian securities laws and the rules of the Exchange.The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. Persons" (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities. About American Tungsten Corp.American Tungsten Corp. is a Canadian exploration company focused on high-potential tungsten and magnetite assets in North America. The Company is advancing the IMA Mine Project in Idaho to commercial production, addressing critical metal scarcity in North America. The Company's IMA Mine Project is a historic and high-quality underground tungsten past-producing property on private-patented land well above the water table with significant infrastructure. The Company holds an exclusive option to acquire full ownership (subject to a 2% royalty) and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres.For further updates, visit www.americantungstencorp.com or investor relations, Joanna Longo at ir@americantungstencorp.com.Social media links:LinkedIn: https://www.linkedin.com/company/americantungstencorp/
X: https://x.com/amtungsten
Facebook: https://www.facebook.com/americantungstencorp/
Instagram: https://www.instagram.com/americantungstencorp/
YouTube: https://www.youtube.com/@americantungstencorpCSE:TUNG
OTCQB:TUNGF
FRA: RK90Cautionary Note Regarding Forward-Looking StatementsThe Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release.This news release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements regarding the closing of the offering, the timing of the closing of the offering, the use of proceeds from the offering, the receipt of regulatory approvals and future results of operations, performance and achievements of the Company. Although the Company believes that such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors and risks, including, uncertainties with respect to obtaining all regulatory approvals to complete the Offering, uncertainties of the global economy, market fluctuations, the discretion of the Company in respect to the use of proceeds discussed above, any exercise of termination by counterparties under applicable agreements, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks identified in its disclosure documents filed at www.sedarplus.ca. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual events, results and/or developments may differ materially from those in the forward-looking statements. Readers should not place undue reliance on the Company's forward-looking statements. The forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update or revise any forward-looking statements to reflect new events or circumstances, except in accordance with and as required by applicable securities laws.No securities regulatory authority has either approved or disapproved of the contents of this news release.SOURCE American Tungsten Corp.
Original: American Tungsten Announces C$20 Million Bought Deal Private Placement
CA Market News
4月前
American Tungsten Reports Drilling Results from IMA Project, Expands Tungsten-Silver MineralizationFebruary 24, 2026 8:06 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 24, 2026) - American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FSE: RK90) ("American Tungsten" or the "Company") is pleased to report additional tungsten-silver assay results from its on-going underground drilling program at the IMA Mine, Lemhi County, Idaho. Drilling to date has expanded the extent of the No. 5 - No.7 vein system over 300 feet up-dip of the D-level and over 350 feet along strike.Drill Result Highlights:14.2 ft grading 0.67% WO3 and 1.15 oz/t Ag in hole AT25-06; and17 ft grading 1.28% WO3 and 3.53 oz/t Ag in hole AT25-07"These results continue to demonstrate that the IMA Mine hosts a robust and laterally extensive tungsten-silver system," said Ali Haji, CEO of American Tungsten Corp. "The consistency of mineralization we are defining strengthens our confidence in the project's scale and supports our path toward a modern resource and the potential restart of mining operations. With each hole, the opportunity at IMA becomes clearer."Drillholes AT26-06 and AT26-07 were drilled to expand limits of mineralization up-dip from drillhole AT25-01, as reported February 10, 2026. Both drillholes intersected the No. 5 and No. 7 veins, which have now been delineated over 300 feet up-dip from the D-level. Drillhole AT26-07 intersected the No 7 vein from 273-298 ft, but assay results for this interval of hole have not yet been received. Drillhole AT26-05 was drilled south-southwest oblique to the vein strike direction and intersected multiple broad zones of sheeted quartz veining containing hubnerite-tetrahedrite mineralization including 20.6 ft grading 0.25% WO3 and 11 ft grading 0.23% WO3. These intercepts establish continuity of mineralization over 350 south of intercepts in AT25-01. Additional drilling from locations 400 ft to the north is designed to further test the vein system up-dip and along strike.New drillhole results are reported in Table 1 below, and assays for additional completed drillholes are pending. Table 1: Summary Drillhole Assay Results From IMA Tungsten ProjectHole IDAzimuthDipHole LengthFrom (ft)To (ft)Length (ft)WO3 %MoS2%Ag oz/tCu %Pb %Zn %AT26-05150353896363.50.55.110.000.080.010.050.02and178.419920.60.250.090.860.060.140.02including185195100.360.101.330.050.200.03and21421950.590.081.330.060.150.02and238.52412.50.310.141.150.080.130.03and251262110.230.040.780.020.090.01including25125540.500.031.580.030.130.02AT26-06253702548599.814.80.310.072.270.040.160.01including97.299.82.60.830.151.700.030.210.02and134148.414.40.260.012.720.020.010.02including144148.44.40.380.000.040.010.010.01and182.819714.20.670.131.150.090.130.05including185.11937.90.750.110.930.010.100.01and205.12104.90.210.040.990.030.080.01and221.62264.40.250.100.460.010.080.01AT26-076560476.51525101.100.010.690.050.090.04and115118.83.80.470.022.280.180.190.20and155172171.280.063.530.270.340.09and26727250.240.040.690.220.090.08assays pending272476.5
1) Intercepts not true width; true width of vein intercepts are estimated to be 90% of composite length for AT26-06 , 50% of composite length for AT26-05 and 60% of composite length for AT26-07
2) WO3 and MoS2 % values are calculated from ppm analyses based on stoichiometry factors of 1.2611 and 1.668, silver is reported in troy ounces per ton
3) Composites are generated using a 0.1% WO3 cut-off grade or 0.5oz/t Ag grade and may include internal waste below cut-off grade.
American Tungsten has completed 11 drillholes on the D level and three drillholes on the Zero level totaling approximately 5000 feet. Drilling on the zero level is being conducted in a series of upward inclined fan holes from new drill stations in the footwall of the No.5 and No.7 vein systems. Mineralization in the principal veins consists of variable assemblages of hubnerite, scheelite, tetrahedrite, galena, sphalerite, and chalcopyrite, plus fluorite and rhodochrosite. Additional mineralization is associated with minor veins and stockworks within intervening metasedimentary host rocks.Figure 1: Vertical Section Looking North showing significant intercepts and vein system interpretation, 100 ft view corridor.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11701/285068_0065bcaf5473cb6d_001full.jpgFigure 2: Plan map of the D-level showing completed and planned drillholes. Drillhole AT25-04 omitted for clarity.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11701/285068_0065bcaf5473cb6d_002full.jpgPhase 1 Drill ProgramDrilling operations are ongoing from the second D level drill station and excavation of the drift to the third drill station is underway. Currently, at least six additional holes totaling approximately 2800 feet are planned from on the D level and more holes may be added to the program based on results. Drilling and mine rehabilitation operations are also being conducted on the Zero level. Drilling on the zero level will include up to 20 holes totaling approximately 10,000 feet from three locations.About the IMA MineThe IMA Mine is a past producing underground tungsten mine situated on 22 patented claims located in East Central Idaho. Between 1945 and 1957, the property produced approximately 199,449 MTUs of WO3 and was subsequently explored for molybdenum and tungsten by various operators between 1960-2010. American Tungsten Corp is currently conducting an exploration drill program and assessing potential for re-start of underground tungsten mining operations at the IMA Mine.Sampling MethodologyDrillholes were completed using a Hagby 1000 drill rig with NQ sized rods. Drill core was transferred to American Tungsten geologists under chain of custody and stored in a secure facility. Drill core was logged for lithology, alteration, mineralization, and structure prior to sampling. Sample number tags were affixed to core boxes and core marked for sawing. Core was sawn in half, with one half submitted for analysis and the remaining half retained for reference. Samples were collected at approximate 5 foot intervals in wall rock and shorter intervals within vein mineralization, with sample lengths adjusted to geological boundaries where appropriate. Samples were submitted for assay to ALS Global in Twin Falls, Idaho. QA/QC and Sample AnalysisAmerican Tungsten Corp's Quality Assurance and Quality Control QA/QC program applies industry standard best practices to ensure data quality and integrity for the IMA Mine project, including maintaining chain of custody, secure sample transport and storage, adherence to data collection protocols and inclusion of certified reference, blank and duplicate quality assurance samples in laboratory submissions.Samples were submitted to ALS Global laboratory in Twin Falls, Idaho, for preparation. Samples were crushed to 70% passing 2 mm screen, rotary splitting 250g and pulverized to 85% passing a 75 µm screen. Samples were analyzed by ALS Minerals in the Vancouver, BC, Canada. Samples were analyzed by four acid digest with ICP-MS finish. Samples exceeding 200 ppm W were analyzed by XRF with lithium borate fusion preparation. Samples exceeding 50ppm Ag were analyzed by fire assay with gravimetric finish. Qualified PersonTechnical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI-43-101"). Austin Zinsser, P.G., SME-RM, Vice President, Exploration for the Company, and a Qualified Person as defined by NI-43-101, has reviewed and approved the scientific and technical information in this news release.About American Tungsten Corp.American Tungsten Corp. is a Canadian exploration company focused on high-potential tungsten and magnetite assets in North America. The Company is advancing the IMA Mine Project in Idaho to commercial production, addressing critical metal scarcity in North America. The Company's IMA Mine Project is a historic and high-quality underground tungsten past-producing property on private-patented land well above the water table with significant infrastructure. The Company holds an exclusive option to acquire full ownership (subject to a 2% royalty) and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres.For further updates, visit www.americantungstencorp.com or investor relations, Joanna Longo at ir@americantungstencorp.com.Social media links:
LinkedIn: https://www.linkedin.com/company/americantungstencorp/
X: https://x.com/amtungsten
Facebook: https://www.facebook.com/americantungstencorp/
Instagram: https://www.instagram.com/americantungstencorp/
YouTube: https://www.youtube.com/@americantungstencorpFor further information, please contact:Ali Haji
Chief Executive Officer
Email: ahaji@americantungstencorp.com
Phone: +1 647 871 4571CSE: TUNG
OTCQB: TUNGF
FSE: RK90The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release.This news release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to anticipated results of future drilling, recommencement of mining or production, pending analyses, future work plans and all the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has either approved or disapproved of the contents of this news release. The Company undertake no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law. Statements concerning historical mineral resources, production, and exploration results on the property have been obtained through both public and private sources, and are believed to be substantially factual and relevant in that they demonstrate the tenor of exploration targets on the property. Historical resource estimates pre-date the implementation of NI 43-101 and do not use categories stipulated by CIM. Prior operators assigned confidence categories which differ from those stipulated by CIM, as they may not have demonstrated economic viability. The estimates should not be relied upon until they have been verified. Neither American Tungsten Corp., or its Qualified Person, has done sufficient work to classify the historical estimates as current mineral resources or to verify historical information regarding past production, sampling or drilling. American Tungsten Corp. is not treating the historical estimates as current mineral resources or mineral reserves. Exploration Targets discussed are conceptual in nature; it is uncertain whether a mineral resource will be delineated based on potential exploration. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285068
Original: American Tungsten Reports Drilling Results from IMA Project, Expands Tungsten-Silver Mineralization
CA Market News
5月前
Western Tungsten Scramble Heats Up as China Locks Down 80% of Global SupplyFebruary 11, 2026 8:25 AM
PR Newswire (Canada)
Issued on behalf of GoldHaven Resources Corp.USANewsGroup.com News Commentary VANCOUVER, BC, Feb. 11, 2026 /CNW/ -- Tungsten prices have tripled since early 2024, with ammonium paratungstate hitting a record $1,125 to $1,150 per metric tonne unit in China and $1,100 in Rotterdam as Beijing's 2026 Catalogue of Dual-Use Items throttled exports to allied nations[1]. The supply shock has accelerated a broader policy response, with Secretary of State Marco Rubio hosting delegations from over 50 countries at the inaugural Critical Minerals Ministerial at the beginning of the month, where Washington signed eleven new bilateral frameworks and committed more than $30 billion in strategic mineral financing[2]. Against that backdrop, GoldHaven Resources (CSE: GOH), American Tungsten (CSE: TUNG), NGEx Minerals (TSX: NGEX), Eldorado Gold (NYSE: EGO) and Foran Mining (TSX: FOM) are advancing critical mineral assets across North and South America.
Analysts at J.P. Morgan project a refined copper deficit of roughly 330,000 metric tonnes in 2026 as mine disruptions and constrained project pipelines collide with rising electrification demand[3]. That structural tightness is reinforcing what a White & Case industry survey found: two-thirds of mining sector respondents expect copper and gold to be the top-performing commodities this year, fueling a policy-driven M&A cycle where majors are racing to lock in development-stage assets[4].GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) has confirmed anomalous tungsten mineralization at its Magno Property in northwestern British Columbia. The company's 2025 surface exploration program identified a previously undocumented tungsten zone at the Vines Lake showing, where assays returned up to 6,550 parts per million tungsten. These results validate historical tungsten data at the Kuhn and Dead Goat showings while expanding the known footprint across multiple structurally controlled skarn zones spanning approximately 1.3 kilometers of strike length."These results represent a meaningful step forward in defining Magno as a large, zoned, intrusion-related mineral system," said Robert Birmingham, President and CEO of GoldHaven. "The confirmation of high-grade silver-lead-zinc mineralization, extensive tungsten, elevated copper within intrusive rocks, and strong bismuth-tellurium pathfinder anomalies reinforces our interpretation of a porphyry-driven system at depth. The emerging geological and metal zonation patterns share important similarities with Coeur Mining's Silvertip district, while Magno's broader critical-metal footprint highlights the potential for a multi-commodity discovery with district-scale upside."The tungsten discovery comes at a strategically important time for Western economies. China implemented strict export controls on tungsten throughout 2025, and the country controls over 80% of global tungsten supply. The metal possesses the highest melting point of any element, making it essential for cutting tools, defense applications including ammunition and armor, semiconductor manufacturing, and energy infrastructure. These export restrictions have elevated tungsten to critical mineral status across North America and Europe.The 2025 program at Magno successfully verified historical showings while discovering tungsten at Vines Lake where previous sampling had not documented the metal. Results from 357 samples revealed bonanza silver grades up to 2,370 grams per tonne alongside lead values exceeding 20% and zinc reaching 3.8% at the Magno and D-Zone carbonate replacement occurrences. Forty-five samples returned over 100 grams per tonne silver. The discovery of indium adds another strategic dimension, with values up to 334 parts per million. Indium is used in electronics and renewable energy technologies.GoldHaven has also completed its inaugural diamond drilling program at the Copeçal Gold Project in Brazil. Nine holes totaling 1,085.7 meters tested priority targets and discovered bornite, which suggests potential for a substantial gold-copper system. The company also confirmed high-grade copper mineralization at its Three Guardsmen Project, with surface sampling returning grades up to 15.85% copper.GoldHaven now controls 133,186.16 hectares across proven mining jurisdictions with multiple projects advancing simultaneously and assay results pending from Copeçal. All projects are supported by a comprehensive 43-101 Technical Report.CONTINUED… Read this and more news for GoldHaven Resources at:
https://usanewsgroup.com/2025/09/23/the-goldhaven-story-two-continents-one-strategy-systematic-exploration-in-historically-productive-districts/ In other industry developments and happenings in the market include:American Tungsten (CSE: TUNG) (OTCQB: TUNGF) reported significant tungsten-silver results from initial underground drilling at its IMA Mine in Lemhi County, Idaho, with all four holes intersecting meaningful mineralization. Highlights included 31 feet grading 0.48% WO3 and 1.84 oz/t silver in hole AT25-01, 11.1 feet grading 1.08% WO3 and 2.05 oz/t silver in AT25-02, and 16.3 feet grading 0.54% WO3 and 1.79 oz/t silver in AT25-03."These results show strong grades over significant widths, underscoring the high-quality nature of the IMA Tungsten asset, which has never been systematically targeted with modern exploration methods," said Ali Haji, CEO of American Tungsten. "They will support the definition of a Mineral Resource—an important step toward bringing the mine online."Drilling operations continue from the D Level with seven additional holes planned totaling approximately 2,600 feet, while development of the first drill station on the Zero Level is complete with up to 20 holes totaling approximately 10,000 feet planned. American Tungsten holds an exclusive option to acquire full ownership of the historic past-producing IMA Mine situated on 22 patented claims with significant infrastructure already in place.NGEx Minerals (TSX: NGEX) (OTC: NGXXF) has reported drill results from its Phase 4 program at the Lunahuasi copper-gold-silver project including 1,246.50 metres at 0.86% copper equivalent from hole DPDH049 and 131.00 metres at 5.09% copper equivalent including 5.00 metres at 29.05% copper equivalent from hole DPDH057. The drill campaign with over 17,000 metres completed to date continues to demonstrate both broad stockwork mineralization and high-grade massive sulphide vein systems across the 100%-owned Argentine project."These latest results highlight two of the mineralization types occurring at Lunahuasi, a broad zone of stockwork and disseminated mineralization with an intersection over a kilometer in length, and very high-grade massive sulphide vein mineralization," said Wojtek Wodzicki, President and CEO of NGEx Minerals. "Both styles of mineralization are important at Lunahuasi and demonstrate the size, strength, and optionality of the mineralized system."The company's drilling program remains ahead of schedule with fifteen holes completed and eight underway including larger step-outs and blue-sky exploration targets. NGEx Minerals continues to extend the boundaries of the mineralized envelope while building confidence in its geological model ahead of additional results expected over the coming months.Eldorado Gold (NYSE: EGO) (TSX: ELD) and Foran Mining (TSX: FOM) (OTCQX: FMCXF) entered a definitive agreement for Eldorado Gold to acquire all outstanding shares of Foran Mining in a transaction valued at approximately C$3.8 billion. The combination brings together two fully financed development assets—Skouries in Greece and McIlvenna Bay in Saskatchewan—both on budget and schedule to achieve commercial production in mid-2026, creating a sector-leading gold-copper producer expected to generate approximately 900,000 gold equivalent ounces in 2027."This combination creates a stronger gold and copper growth company, defined by near-term cash flow generation and multiple catalysts," said George Burns, CEO of Eldorado Gold. "With Skouries and McIlvenna Bay scheduled to come online in 2026, the combined business is positioned for a step-change in production, cash flow, and global relevance.""This transaction gives McIlvenna Bay the scale and financial strength to fully realize its potential, including the ability to accelerate phased expansion opportunities over time," said Dan Myerson, Executive Chair and CEO of Foran Mining. "Having advanced through the risk curve associated with development, the company is fast approaching an inflection point towards enhanced free cash flow and production growth."Under the arrangement, Foran Mining shareholders will receive 0.1128 Eldorado Gold shares and $0.01 cash per share, with existing shareholders owning approximately 76% and 24% of the combined company respectively. The pro-forma entity is expected to generate approximately $2.1 billion in EBITDA and $1.5 billion in free cash flow in 2027, with the transaction anticipated to close in Q2 2026 following shareholder approvals expected by April 14.Article Source: https://usanewsgroup.com/goh-profile/ CONTACT:
USA NEWS GROUP
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for Baystreet.ca Media Corp. ("BAY"), who has been paid a fee for an advertising campaign. MIQ has not been paid a fee for GoldHaven Resources Corp. advertising or digital media, but the owner/operators of MIQ also co-owns BAY. There may also be 3rd parties who may have shares of GoldHaven Resources Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by GoldHaven Resources Corp. The scientific and technical information disclosed in this document have been reviewed and approved by two Qualified Persons (QPs). The Copeçal Technical Report identifies Jean-Marc Lopez, B.Sc., FAusIMM, as the Qualified Person responsible for the report. The report "GoldHaven Resources Completes Summer Exploration Programs" states that the technical information has been reviewed and approved by Jonathan Victor Hill, B.Sc. Hons, FAusIMM, an independent Qualified Person and Country Manager of GoldHaven. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://www.kitco.com/news/off-the-wire/2026-01-29/tungsten-price-rises-record-highs-export-curbs-turn-supply-heathttps://www.state.gov/releases/office-of-the-spokesperson/2026/02/2026-critical-minerals-ministerialhttps://www.jpmorgan.com/insights/global-research/commodities/copper-outlookhttps://www.whitecase.com/insight-our-thinking/mining-metals-2026-adapting-policy-driven-business-cycleLogo - https://mma.prnewswire.com/media/2838876/5793831/USA_News_Group_Logo.jpg
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Original: Western Tungsten Scramble Heats Up as China Locks Down 80% of Global Supply
Oleblue
5月前
American Tungsten Reports Significant Tungsten in Underground Sampling
TMX Newsfile
January 20, 2026
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2026) - American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FSE: RK90) ("American Tungsten" or the "Company) is pleased to report high-grade tungsten-silver assay results from underground channel sampling at the IMA Mine. Additional surface sampling results confirm extension and continuation of tungsten mineralized quartz veins beyond primary mine area, and significant mineralization in historical tailings.
Exploration Sampling Highlights:
Underground samples from the No.5 vein average 1.04% WO3 and 2.70 oz/t Ag, over an average width of 5.0 ft.;
Surficial rock chip sampling identified tungsten-silver mineralization in quartz veins exposed at surface over significant widths; and
Preliminary samples of historical tailings average 0.25% WO3 and 0.48 oz/t Ag.
"American Tungsten is nearing completion of our current drilling program, and the initial assay results emerging from our broader exploration work continue to reinforce the strength of the IMA Mine project. Recent high-grade tungsten-silver assay results from underground channel sampling, combined with encouraging surface and tailings samples, highlight the scale and continuity of mineralization across the property," said Ali Haji, CEO of American Tungsten Corp. "This phase represents an important milestone for the Company as we continue to advance our understanding of the project's potential and expansion. As we finalize interpretation of our drilling data, these complementary sampling results provide strong geological support for the system's continuity and scale."
Sampling Methodology and Results
Fifteen underground channel samples were collected on the D level from the No. 5 vein drift and new crosscut to first drill station. Samples were collected primarily to validate historical sampling by Inspiration Development company conducted in 1979, and to sub-sample different vein phases across the No. 5 vein. Tungsten bearing quartz veins are variably mineralized with hubnerite, scheelite, tetrahedrite, galena, sphalerite, and chalcopyrite, plus fluorite and rhodochrosite. Samples were generally collected as continuous chip or saw cut channels across the full width of the vein, but some samples are less than true width. Samples were submitted for assay to ALS Global in Twin Falls, Idaho, in November 2025.
Individual sample results and full width weighted averages are provided in Table 1. Samples from the No. 5 vein are elevated in tungsten, silver, copper, zinc and lead. Samples from the crosscut are elevated in molybdenum and silver.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11701/280872_c5b89c152408ca9a_001full.jpg
Figure 1: Sample location map showing tungsten assay results and D level development.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11701/280872_c5b89c152408ca9a_002full.jpg
Surficial rock chip sampling of weathered, vuggy quartz vein exposures on both the north and south sides of Patterson Creek returned significant tungsten results including 0.256 % WO3 and 0.64 oz/t Ag over 10 ft from a location 1000 ft east of the D level portal, and 0.164 % WO3 and 1.28 oz/t Ag over 6.7 ft from a 8 ft wide weathered quartz vein exposure and small adit located 500 ft south of Patterson Creek. Identification of mineralization south of Patterson Creek is significant in that it supports continuity of the vein system into areas with minimal historical mining activity.
Historical tailings from past mining activities are present over an area of approximately 30 acres on the Ima land package within the Pahsimeroi valley, known as the Lower Tailings Impoundment. Historical operators estimated the Lower Tailings Impoundment to contain 222,000 cubic yards of tailings. Preliminary sampling of tailings materials in 5 shallow test pits averaging 3.5 ft deep spaced approximately 500 ft apart average 0.235 % WO3 and 0.45 oz/t Ag. Additional sampling and preliminary metallurgical testwork is planned on the basis of these results.
CONTINUED:
https://finance.yahoo.com/news/american-tungsten-reports-significant-tungsten-124500638.html
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