American Tungsten Corp. Announces Results of Annual General and Special Meeting of Shareholders and Provides Management Update

Rhea-AI Summary

American Tungsten Corp. (TUNGF) reported the results of its reconvened Annual General and Special Meeting held on July 15, 2026, after an earlier adjournment on June 29, 2026 due to third-party virtual platform technical issues. All resolutions were passed.

Shareholders approved fixing the number of directors at five with 99.47% support and re-elected Ali Haji, Daniel Nicholas, James Whittaker, Duncan T. Blount and Carolyn Loder, each receiving more than 97.7% votes in favour. Re-appointment of Davidson & Company LLP as auditor received 98.73% support. The new 2026 Omnibus Incentive Plan, replacing the 15% rolling 2025 Stock Option Plan, was approved by 96.83% of votes cast and 96.79% of disinterested shareholders. The company also announced the departure of Liam Farrell, Senior Vice President of Operations.

Positive

• All AGM resolutions approved with over 96% shareholder support
• Number of directors fixed at five with 99.47% of votes in favour
• Directors re-elected each with more than 97.7% support
• Auditor reappointment backed by 98.73% of votes
• 2026 Omnibus Incentive Plan approved with 96.83% overall and 96.79% disinterested support

Negative

• Senior Vice President of Operations Liam Farrell departs management team

News Market Reaction – TUNGF

-6.15%

-6.15% Session close to close

In the Jul 16 session, TUNGF declined 6.15%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Vancouver, British Columbia--(Newsfile Corp. - July 15, 2026) - American Tungsten Corp. (TSXV: TUNG) (the "Company" or "American Tungsten") today announced the following results for each item of business considered at the Company's reconvened Annual General and Special Meeting of Shareholders held on July 15, 2026 (the "Meeting"). The Meeting was originally convened on June 29, 2026, and was adjourned prior to the conduct of any business due to technical difficulties with the third-party virtual meeting platform. All resolutions were passed at the Meeting.

Voting Results of the Annual General and Special Meeting of Shareholders

Fixing the Number of Directors

99.47% of the Class A common shares voted in favour of fixing the number of directors of the Company at five (5).

Election of Directors

The following table sets out the votes in respect of the election of directors:

Nominee	% For	% Withheld
Ali Haji	99.73%	0.27%
Daniel Nicholas	99.68%	0.32%
James Whittaker	99.79%	0.21%
Duncan T. Blount	99.73%	0.28%
Carolyn Loder	97.77%	2.23%

 

Appointment of Auditors

98.73% of the Class A common shares voted were voted in favor of re-appointing Davidson & Company LLP as auditor and authorizing the board of directors of the Company to fix the auditors remuneration for the following year.

Approval of 2026 Omnibus Incentive Plan

96.83% of the Class A common shares voted were voted in favour, and 96.79% of the Class A common shares held by disinterested shareholders voting were also voted in favour, of approving the adoption of the Company's omnibus incentive plan (the " 2026 Omnibus Incentive Plan"). The 2026 Omnibus Incentive Plan replaces and supersedes the existing 15% "rolling" stock option plan of the Company (the "2025 Stock Option Plan"). A summary of the material terms of the 2026 Omnibus Incentive Plan is contained in the management information circular of the Company dated May 22, 2026, and a copy of the 2026 Omnibus Incentive Plan is attached as Schedule "B" thereto, which, along with a copy of the 2026 Omnibus Incentive Plan, is available under the Company's profile on SEDAR+ at www.sedarplus.ca.

Management Update

The Company also announces that Liam Farrell, Senior Vice President of Operations, has departed from the management team to pursue other opportunities. American Tungsten thanks Mr. Farrell for his contributions to the Company and wishes him success in his future endeavors.

About American Tungsten Corp.

American Tungsten Corp. is a Canadian exploration company focused on high-potential tungsten 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:

For further updates, visit www.americantungstencorp.com or for 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

(TSXV: TUNG)
(OTCQB: TUNGF)
(FSE: RK90)

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305326

FAQ

What did American Tungsten Corp. (TUNGF) announce from its July 15, 2026 shareholder meeting?

American Tungsten announced that all resolutions at its reconvened July 15, 2026 shareholder meeting were approved. According to American Tungsten, shareholders supported director elections, auditor reappointment, fixing the board at five members, and the new 2026 Omnibus Incentive Plan by large voting majorities.

How did American Tungsten (TUNGF) shareholders vote on directors at the 2026 AGM?

Shareholders re-elected five directors, each receiving over 97.7% of votes cast. According to American Tungsten, Ali Haji, Daniel Nicholas, James Whittaker, Duncan T. Blount and Carolyn Loder all obtained more than 97.7% support, indicating broad backing for the existing board slate.

What is the 2026 Omnibus Incentive Plan approved by American Tungsten (TUNGF)?

The 2026 Omnibus Incentive Plan is a new incentive plan replacing the 15% rolling 2025 Stock Option Plan. According to American Tungsten, it was approved by 96.83% of shares voted and 96.79% of disinterested shareholders, and its full terms are available on SEDAR+.

What were the auditor voting results for American Tungsten (TUNGF) in 2026?

Shareholders voted 98.73% in favour of re-appointing Davidson & Company LLP as auditor. According to American Tungsten, shareholders also authorized the board to set auditor remuneration for the following year, maintaining continuity in the company’s external audit arrangements.

What management change did American Tungsten Corp. (TUNGF) report on July 15, 2026?

American Tungsten reported that Senior Vice President of Operations Liam Farrell has left the management team to pursue other opportunities. According to American Tungsten, the company thanked Mr. Farrell for his contributions and extended best wishes for his future endeavors.

Why was American Tungsten’s 2026 Annual General and Special Meeting reconvened?

The 2026 meeting was reconvened because the original June 29, 2026 meeting was adjourned. According to American Tungsten, the adjournment occurred before conducting business due to technical difficulties with the third-party virtual meeting platform hosting the shareholder meeting.

How many directors will American Tungsten (TUNGF) have after the 2026 shareholder vote?

American Tungsten will have five directors following the 2026 vote. According to American Tungsten, 99.47% of the Class A common shares voted supported fixing the number of directors at five, confirming the board size for the coming year.