Welcome to our dedicated page for American Tungsten news (Ticker: DEMRF), a resource for investors and traders seeking the latest updates and insights on American Tungsten stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect American Tungsten's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of American Tungsten's position in the market.
American Tungsten (OTCQB:DEMRF) has successfully closed an oversubscribed non-brokered private placement, raising C$7 million through the issuance of 14 million common shares at C$0.50 per share. The company paid finder's fees of C$253,421.35 and issued 502,293 warrants exercisable at C$0.50 for 24 months.
The company announced key leadership changes, appointing Dennis Logan as CFO, bringing over 25 years of experience including expertise from Almonty Industries. Additionally, CEO Ali Haji has joined the Board of Directors. The proceeds will fund exploration work, option payments, property acquisitions, and working capital for the company's Ima Mine asset in Idaho.
[ "Successful oversubscribed private placement raising C$7 million", "Strong institutional investor and insider participation indicating market confidence", "Appointment of experienced CFO Dennis Logan with tungsten industry expertise", "CEO Ali Haji strengthening governance by joining Board of Directors" ]American Tungsten Corp (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK90.F) is positioned to capitalize on the growing tungsten market, regardless of potential Trump administration tariffs aimed at fostering American energy independence. The company's mining operations in Idaho are strategically positioned to service the increasing demand for tungsten.
Tungsten has been designated as a critical mineral by both Canada and the United States, highlighting its strategic importance. The metal is valued for its durability and finds applications across numerous industries.
FAQ
What is the current stock price of American Tungsten (DEMRF)?
What is the market cap of American Tungsten (DEMRF)?
