American Tungsten Announces Completion of Second Tranche LIFE Offering; Total Close of Approx. $18 Million
American Tungsten (OTCQB: TUNGF) completed the second tranche of its non-brokered private placement under the Listed Issuer Financing Exemption, raising C$1,189,380 from the sale of 461,000 common shares at C$2.58 per share on October 31, 2025. The company reported aggregate cash commissions of C$50,619.60 on the Second Tranche. The Common Shares issued under the exemption are not subject to a Canadian hold period. Proceeds from both tranches will be used for general and administrative expenses and working capital. The announcement follows earlier tranche notices dated October 14, 15, 20 and 22, 2025 and notes the LIFE Offering has a total close of approximately C$18 million.
American Tungsten (OTCQB: TUNGF) ha completato la seconda tranche della sua private placement non brokerata ai sensi dell'Listed Issuer Financing Exemption, raccogliendo C$1,189,380 dalla vendita di 461,000 azioni ordinarie al prezzo di C$2.58 per azione il 31 ottobre 2025. L'azienda ha riportato commissioni in contanti aggregate di C$50,619.60 sulla Seconda Tranche. Le azioni ordinarie emesse nell'ambito dell'esenzione non sono soggette a un periodo di blocco canadese. I proventi di entrambe le tranche saranno utilizzati per spese generali e amministrative e capitale circolante. L'annuncio segue le note delle tranche precedenti datate 14, 15, 20 e 22 ottobre 2025 e indica che l'offerta LIFE ha una chiusura totale di circa C$18 milioni.
American Tungsten (OTCQB: TUNGF) completó la segunda tramo de su colocación privada no intermediada bajo la Exención de Financiación de Emisores Listados, recaudando C$1,189,380 por la venta de 461,000 acciones ordinarias a C$2.58 por acción el 31 de octubre de 2025. La empresa reportó comisiones en efectivo agregadas de C$50,619.60 en la Segunda Tranche. Las Acciones Comunes emitidas bajo la exención no están sujetas a un período de permanencia canadiense. Los ingresos de ambas tranches serán utilizados para gastos generales y administrativos y capital de trabajo. El anuncio sigue a avisos de tranche anteriores fechados el 14, 15, 20 y 22 de octubre de 2025 y señala que la LIFE Offering tiene un cierre total de aproximadamente C$18 millones.
American Tungsten (OTCQB: TUNGF) 비 브로커드 프라이빗 플레이스먼트의 두 번째 트랜치를 Listed Issuer Financing Exemption에 따라 완료하여 C$1,189,380를 461,000 주식의 매각에서 모았다. 주당 가격은 C$2.58이며, 날짜는 2025년 10월 31일이다. 회사는 두 번째 트랜치에서 총 현금 커미션 C$50,619.60를 보고했다. 면제하에 발행된 보통주는 캐나다의 보유 기간 대상이 아니다. 두 트랜치의 수익은 일반 및 관리 비용과 운전자본에 사용될 예정이다. 이 발표는 2025년 10월 14, 15, 20, 22일자의 이전 트랜치 공지를 따르며 LIFE Offering의 총 마감이 대략 C$18백만임을 명시한다.
American Tungsten (OTCQB: TUNGF) a terminé la deuxième tranche de son placement privé non intermédié sous l'Exemption de Financement des Émetteurs Côtés, en levant 1 189 380 C$ grâce à la vente de 461 000 actions ordinaires au prix de 2,58 C$ par action le 31 octobre 2025. La société a déclaré des commissions en espèces agrégées de 50 619,60 C$ sur la deuxième tranche. Les actions ordinaires émises en vertu de l'exemption ne sont pas soumises à une période de blocage canadienne. Les produits des deux tranches seront utilisés pour les dépenses générales et administratives et le fonds de roulement. L'annonce fait suite à des avis de tranche antérieurs datés du 14, 15, 20 et 22 octobre 2025 et indique que l'offre LIFE a une clôture totale d'environ 18 millions de dollars canadiens.
American Tungsten (OTCQB: TUNGF) hat die zweite Tranche seiner nicht-brokered Private Placement gemäß der Listed Issuer Financing Exemption abgeschlossen und C$1,189,380 aus dem Verkauf von 461,000 Stammaktien zu C$2,58 pro Aktie am 31. Oktober 2025 erzielt. Das Unternehmen meldete Gesamtsummen an Barprovisionen von C$50,619.60 für die zweite Tranche. Die unter der Aussetzung ausgegebenen Stammaktien sind keinen kanadischen Haltefristen unterworfen. Die Erträge aus beiden Tranches werden verwendet für allgemeine und administrative Ausgaben sowie Betriebskapital. Die Ankündigung folgt auf frühere Tranche-Mitteilungen vom 14., 15., 20. und 22. Oktober 2025 und weist darauf hin, dass LIFE Offering einen Gesamtabschluss von ungefähr C$18 Millionen hat.
American Tungsten (OTCQB: TUNGF) أكملت الشريحة الثانية من وضعها الخاص غير الوسيط وفقاً لاستثناء تمويل المصدر المدرج، وجمعت 1,189,380 دولار كندي من بيع 461,000 سهم عادي بسعر 2.58 دولار كندي للسهم في 31 أكتوبر 2025. قالت الشركة إن عمولات نقدية إجمالية بلغت 50,619.60 دولار كندي على الشريحة الثانية. الأسهم العادية المصدرة بموجب الإعفاء لن تخضع لفترة احتجاز كندية. سيتم استخدام عائدات الشريحتين لـ النفقات العامة والإدارية ورأس المال العامل. ويتبع هذا الإعلان إشعارات الشريحة السابقة بتاريخ 14 و15 و20 و22 أكتوبر 2025 ويشير إلى أن LIFE Offering لديها إغلاق إجمالي يقارب 18 مليون دولار كندي.
- Total LIFE Offering closed ≈ C$18,000,000
- Second Tranche raised C$1,189,380
- 461,000 shares issued at C$2.58 per share
- Proceeds designated for general and administrative expenses and working capital
- Shares issued under listed issuer financing exemption are not subject to a hold period
- Paid aggregate cash commissions of C$50,619.60
Vancouver, British Columbia--(Newsfile Corp. - October 31, 2025) - American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FSE: RK9) ("American Tungsten" or the "Company") is pleased to announce that, further to its press releases dated October 14, 2025, October 15, 2025, October 20, 2025, and October 22, 2025, it completed the second tranche (the "Second Tranche") of its non-brokered private placement (the "LIFE Offering") for gross proceeds of C
"This second tranche of financing underscores the continued confidence from institutional investors and insiders who recognize tungsten's vital role in building resilient, secure supply chains," said Ali Haji, CEO of American Tungsten. "With this additional capital, we are poised to accelerate development at the Idaho IMA Mine and advance our broader mission to establish American Tungsten as a leading North American source of critical minerals."
The Common Shares were issued pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The Common Shares issued under the Listed Issuer Financing Exemption are not subject to a hold period pursuant to applicable Canadian securities laws.
The proceeds raised from the both Tranches will be used by the Company for general and administrative expenses and working capital purposes as further described in the Company's amended and restated Form 45-106F19 Listed Issuer Financing Document dated October 20, 2025 that can be accessed under the Company's issuer profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.americantungstencorp.com.
In connection with the Second Tranche, the Company paid aggregate cash commissions of C
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities 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 U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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
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/@americantungstencorp
For further information, please contact:
Ali Haji
Chief Executive Officer
Email: ahaji@americantungstencorp.com
Phone: +1 647 871 4571
CSE: TUNG
OTCQB: TUNGF
FSE: RK9
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, the net proceeds raised from the First Tranche are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, changes to exploration plans and activities and the costs and timing associated therewith, results from exploration activities, changes in commodities markets, conditions of financial markets, economic conditions including any governmental regulations with respect thereto including tariffs, protective governmental regulations, relations with first nations, governments and other stakeholders, changes to environmental and other laws and regulations affecting mining activities, weather, management's discretion with respect to the use of proceeds and the use of the available funds following completion of the Offering, including the timing and cost of planned activities and the use of funds in connection therewith, and the other risk factors described in our securities filings available at www.sedarplus.ca. Forward-looking statements or forward-looking information relate to future events and future performance and include statements regarding the expectations and beliefs of management based on information currently available to the Company.
Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements and no assurance can be given that such events will occur in the disclosed times frames or at all. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are therefore cautioned not to place undue reliance on forward-looking statements and forward-looking information. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, changing circumstances, or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272715
FAQ
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How many shares and at what price were issued in American Tungsten’s Second Tranche (TUNGF)?
