American Tungsten Receives LOI from U.S. Export-Import Bank (EXIM) for US $25.5 Million to Fund Mining Development and Production
American Tungsten (OTCQB: TUNGF) received a letter of interest (LOI) from the US Export-Import Bank for a loan of up to US$25.5 million to potentially fund development and milling at the IMA Tungsten Mine in Patterson, Idaho.
The company met initial requirements in a letter dated October 17, 2025. If approved, the loan would carry a 15-year repayment term and aim to support a domestic tungsten source used in defense and aerospace. The release highlights U.S. reliance on imports (over 80% of global supply from China) and cites recent Chinese export restrictions as a rationale for onshore production.
American Tungsten (OTCQB: TUNGF) ha ricevuto una lettera di interesse (LOI) dalla US Export-Import Bank per un prestito fino a US$25,5 milioni che potrebbe finanziare lo sviluppo e la lavorazione presso la Miniera di Tungsten IMA a Patterson, Idaho.
L'azienda ha soddisfatto i requisiti iniziali in una lettera datata 17 ottobre 2025. Se approvato, il prestito avrebbe una durata di rimborso di 15 anni e mirerebbe a sostenere una fonte di tungsteno domestica utilizzata in difesa e aerospazio. Il comunicato evidenzia la dipendenza degli Stati Uniti dalle importazioni (oltre 80% della fornitura globale proveniente dalla Cina) e cita le recenti restrizioni all'esportazione cinesi come ragione per una produzione interna.
American Tungsten (OTCQB: TUNGF) recibió una carta de interés (LOI) de la US Export-Import Bank para un préstamo de hasta US$25,5 millones para potencialmente financiar el desarrollo y la molienda en la Mina de Tungsten IMA en Patterson, Idaho.
La empresa cumplió los requisitos iniciales en una carta fechada el 17 de octubre de 2025. Si se aprueba, el préstamo tendría un plazo de 15 años y buscaría apoyar una fuente de tungsteno doméstica utilizada en defensa y aeronáutica. El comunicado destaca la dependencia de EE. UU. de las importaciones (más del 80% de la oferta global proviene de China) y cita las recientes restricciones de exportación chinas como razón para la producción interna.
American Tungsten (OTCQB: TUNGF)은 Patterson, Idaho의 IMA 텅스턴 광산의 개발 및 정밀 가공(milling)에 자금을 조달하기 위해 최대 미화 2,550만 달러의 대출을 위한 관심 서한(LOI)을 미국 수출입은행으로부터 받았습니다.
해당 회사는 2025년 10월 17일자로 된 서한에서 초기 요건을 충족했습니다. 승인될 경우 대출은 15년 상환 기간을 가지며 방위 및 항공우주 분야에서 사용될 국내 텅스턴 공급원을 지원하는 것을 목표로 할 것입니다. 발표문은 미국의 수입 의존도(전 세계 공급의 80% 이상이 중국으로부터)와 최근 중국의 수출 제한을 국내 생산의 필요성에 대한 근거로 인용합니다.
American Tungsten (OTCQB: TUNGF) a reçu une lettre d'intention (LOI) de la US Export-Import Bank pour un prêt jusqu'à US$25,5 millions afin de potentiellement financer le développement et le moulinage à la mine de tungstène IMA à Patterson, Idaho.
L'entreprise a satisfait les exigences initiales dans une lettre datée du 17 octobre 2025. En cas d'approbation, le prêt aurait une durée de remboursement de 15 ans et viserait à soutenir une source de tungstène nationale utilisée dans la défense et l'aérospatiale. Le communiqué souligne la dépendance des États-Unis vis-à-vis des importations (plus de 80% de l'approvisionnement mondial provient de Chine) et cite les récentes restrictions à l'exportation chinoises comme justification de la production domestique.
American Tungsten (OTCQB: TUNGF) hat von der US Export-Import Bank ein Letter of Intent (LOI) erhalten, das eine Kreditfazilität von bis zu US$25,5 Mio. vorsieht, um möglicherweise die Entwicklung und das Milling bei der IMA Tungsten Mine in Patterson, Idaho, zu finanzieren.
Das Unternehmen erfüllte die ersten Anforderungen in einem Schreiben vom 17. Oktober 2025. Falls genehmigt, würde der Kredit eine Laufzeit von 15 Jahren haben und darauf abzielen, eine inländische Tungstenquelle zu unterstützen, die in Verteidigung und Luft- und Raumfahrt eingesetzt wird. Die Mitteilung hebt die Abhängigkeit der USA von Importen hervor (über 80% der weltweiten Versorgung stammen aus China) und verweist auf die jüngsten chinesischen Exportbeschränkungen als Begründung für eine Produktion im Inland.
American Tungsten (OTCQB: TUNGF) تلقّت من بنك التصدير والاستيراد الأميركي رسالة نوايا (LOI) للحصول على قرض يصل إلى 25.5 مليون دولار أميركي لتمويل محتمل لتنمية وتكرير منجم فَنش تي Tungsten IMA في باترسون، أيداهو.
لقد استوفت الشركة المتطلبات الأولية في رسالة مؤرخة 17 أكتوبر 2025. إذا تمت الموافقة، سيكون للقرض فترة سداد مدة 15 عاماً وهدفه دعم مصدر وتنجست محلي مستخدم في الدفاع والفضاء. وتبرز البيان الاعتماد الأميركي على الواردات (أكثر من 80% من الإمداد العالمي من الصين) ويستشهد بقيود التصدير الصينية الأخيرة كسبب لتوطين الإنتاج.
- US$25.5M LOI from EXIM for mine development
- October 17, 2025 letter confirms initial requirements met
- 15-year repayment term if loan is approved
- Supports domestic tungsten supply for defense applications
- EXIM loan is conditional — not yet approved
- Restart of production depends on securing financing
Vancouver, British Columbia--(Newsfile Corp. - November 6, 2025) - American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FSE: RK90) ("American Tungsten" or the "Company) is pleased to announce that it has received a letter of interest from the US Export-Import Bank (EXIM) for a loan worth up to US
The loan, if approved, will help provide access to a domestic source of tungsten in the United States.
Tungsten is a vital material for defense applications, with unparalleled hardness and high-temperature resistance, making it indispensable for armor-piercing ammunition, missile components, and aerospace manufacturing. The U.S. Department of Defense and the Defense Industrial Base Consortium, of which the Company is an active member of, classifies tungsten as a critical mineral. Currently, the United States remains heavily reliant on imports – primarily from China, which dominates over
In a letter dated October 17th, 2025, American Tungsten has met initial requirements to apply for the US
ABOUT EXIM
The Export-Import Bank of the United States (EXIM) is the official export credit agency of the United States. EXIM is an independent Executive Branch agency with a mission of supporting American jobs by facilitating the export of U.S. goods and services.
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: 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 completion of the Offering on the terms described herein or at all, and the use of proceeds and available funds following the completion of the Offering 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/273395
FAQ
What did American Tungsten (TUNGF) announce on November 6, 2025 about EXIM financing?
Is the US$25.5 million EXIM loan for TUNGF approved and guaranteed?
What repayment terms did American Tungsten report for the potential EXIM loan (TUNGF)?
How could the EXIM loan affect American Tungsten's (TUNGF) IMA Tungsten Mine operations?
Why does American Tungsten (TUNGF) say domestic tungsten supply is important?
When did American Tungsten meet initial EXIM requirements for the LOI (TUNGF)?
