American Tungsten Grants Incentive Stock Options

Rhea-AI Summary

American Tungsten (OTCQB: TUNGF) granted stock options to directors and consultants on December 18, 2025. The company issued an aggregate of 1,900,000 options exercisable at $1.50 per common share for a period of three years. In addition, 131,347 options were granted to consultants exercisable at $2.58 per common share for two years. Shares issued on exercise are subject to a transfer restriction and cannot be sold or transferred prior to April 19, 2026. The grants are described as options to purchase common shares of the company.

Vancouver, British Columbia--(Newsfile Corp. - December 18, 2025) - American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FSE: RK90) ("American Tungsten" or the "Company") announced that it has granted an aggregate of 1,900,000 stock options to certain directors and consultants of the Company, to purchase common shares in the capital of the Company. These options are exercisable at a price of $1.50 per common share for a period of three (3) years. 131,347 stock options are also exercisable at a price of $2.58 per common share for a period of two (2) years to consultants of the Company. The common shares issuable upon exercise of the options cannot be transferred or sold prior to April 19, 2026.

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/@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: 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 the exercise of options on the terms described herein or at all and are subject to all of 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278603

FAQ

What stock option grants did American Tungsten (TUNGF) announce on December 18, 2025?

American Tungsten granted an aggregate of 1,900,000 options at $1.50 for three years and 131,347 options at $2.58 for two years.

What is the exercise price and term for the 1,900,000 options granted by TUNGF?

The 1,900,000 options are exercisable at $1.50 per share for a period of three years.

Are there transfer restrictions on shares from TUNGF option exercises?

Yes. Common shares issued on exercise cannot be transferred or sold prior to April 19, 2026.

Who received the 131,347 options granted by American Tungsten and what are the terms?

The 131,347 options were granted to consultants and are exercisable at $2.58 per share for a period of two years.

How long do holders have to exercise the options granted by TUNGF on December 18, 2025?

Exercise periods are three years for the $1.50 options and two years for the $2.58 options, per the announcement.