American Tungsten Upsizes Non-Brokered LIFE Private Placement to $20 Million
American Tungsten (OTCQB: TUNGF) announced an upsized non-brokered LIFE private placement on October 15, 2025, making it eligible to raise up to $22.6 million. The Offering comprises up to 6,468,572 common shares at $3.50 per share under the LIFE exemption, with shares issued free of a statutory hold period under Canadian securities laws.
The company may pay finders' fees up to 6.0% of gross proceeds. Net proceeds are intended for the IMA Mine exploration program, accelerated technical studies, and working capital. The Offering remains subject to approval by the Canadian Securities Exchange (CSE). An offering document will be posted on SEDAR+ and the company's website.
American Tungsten (OTCQB: TUNGF) anunció una ampliación de la colocación privada LIFE no intermediada el 15 de octubre de 2025, haciéndola elegible para recaudar hasta $22,6 millones. La Oferta comprende hasta 6.468.572 acciones ordinarias a $3,50 por acción bajo la exención LIFE, con las acciones emitidas sin un periodo de retención obligatorio conforme a las leyes canadienses de valores.
La empresa puede pagar honorarios a los buscadores de hasta 6,0% de los ingresos brutos. Los ingresos netos se destinarán al programa de exploración de la mina IMA, a estudios técnicos acelerados y al capital de trabajo. La Oferta continúa sujeta a la aprobación de la Canadian Securities Exchange (CSE). Se publicará un documento de oferta en SEDAR+ y en el sitio web de la empresa.
American Tungsten (OTCQB: TUNGF) anunció una ampliación de la colocación privada LIFE no acompañada por intermediarios el 15 de octubre de 2025, haciéndola elegible para recaudar hasta $22,6 millones. La Oferta comprende hasta 6.468.572 acciones ordinarias a $3,50 por acción bajo la exención LIFE, con acciones emitidas sin un periodo de bloqueo obligatorio conforme a las leyes canadienses de valores.
La empresa podría pagar honorarios a los intermediarios de hasta 6,0% de los ingresos brutos. Los ingresos netos se destinarán al programa de exploración de la mina IMA, a estudios técnicos acelerados y al capital de trabajo. La Oferta sigue sujeta a la aprobación de la Canadian Securities Exchange (CSE). Se publicará un documento de oferta en SEDAR+ y en el sitio web de la empresa.
American Tungsten (OTCQB: TUNGF)가 2025년 10월 15일에 중개인 없는 LIFE 비공개 배정의 확대를 발표했고, 이를 통해 최대 $22.6백만을 모집할 수 있게 되었습니다. 이 제안은 6,468,572주 일반주를 $3.50의 주당가로 LIFE 예외에 따라 발행하며, 카나다 증권법에 따른 의무 보유 기간 없이 발행됩니다.
회사는 총모금액의 최대 6.0%의 추천인 수수료를 지급할 수 있습니다. 순모금액은 IMA 광산 탐사 프로그램, 가속화된 기술 연구 및 운전자본에 사용될 예정입니다. 이 제안은 Canadian Securities Exchange (CSE)의 승인을 받는 경우에 한정됩니다. 제안 문서는 SEDAR+ 및 회사 웹사이트에 게시될 예정입니다.
American Tungsten (OTCQB: TUNGF) a annoncé un placement privé LIFE non intermédié augmenté le 15 octobre 2025, le rendant éligible pour lever jusqu'à 22,6 millions de dollars. L’offre comprend jusqu’à 6 468 572 actions ordinaires à 3,50 $ par action dans le cadre de l’exemption LIFE, les actions étant émises sans période de blocage obligatoire en vertu des lois sur les valeurs mobilières canadiennes.
La société peut payer des frais de recherche jusqu’à 6,0% du produit brut. Les produits nets sont destinés au programme d’exploration minière IMA, à des études techniques accélérées et au fonds de roulement. L’offre reste soumise à l’approbation de la Canadian Securities Exchange (CSE). Un document d’offre sera publié sur SEDAR+ et sur le site web de la société.
American Tungsten (OTCQB: TUNGF) gab eine vergrößerte nicht betreute LIFE-Privatplatzierung am 15. Oktober 2025 bekannt, wodurch sie berechtigt ist, bis zu 22,6 Mio. USD zu beschaffen. Das Angebot umfasst bis zu 6.468.572 Stammaktien zu 3,50 USD pro Aktie unter der LIFE-Ausnahme, wobei Aktien gemäß kanadischen Wertpapiergesetzen ohne gesetzliche Sperrfrist ausgegeben werden.
Das Unternehmen kann Vermittlungsgebühren von bis zu 6,0% des Bruttoerlöses zahlen. Die Nettoberträge sind bestimmt für das IMA-Minen-Erkundungsprogramm, beschleunigte technische Studien und Betriebskapital. Das Angebot bedarf der Genehmigung durch die Canadian Securities Exchange (CSE). Ein Angebotsdokument wird auf SEDAR+ und der Website des Unternehmens veröffentlicht.
American Tungsten (OTCQB: TUNGF) أعلنت عن توسيع طرح خاص LIFE غير وسيط في 15 أكتوبر 2025، مما يجعله مؤهلاً لجمع حتى $22.6 مليون. يتكوّن العرض من حتى 6,468,572 سهماً عادياً بسعر $3.50 للسهم بموجب استثناء LIFE، مع إصدار الأسهم بدون فترة تثبيت إلزامية وفق قوانين الأوراق المالية الكندية.
قد تدفع الشركة عمولات للمكتشفين حتى 6.0% من العائدات الإجمالية. ستخصص العائدات الصافية لبرنامج استكشاف مناجم IMA، والدراسات الفنية المعجلة، ورأس المال العامل. يظل العرض خاضعاً للموافقة من Canadian Securities Exchange (CSE). سيتم نشر وثيقة العرض على SEDAR+ وعلى موقع الشركة الإلكتروني.
American Tungsten (OTCQB: TUNGF) 宣布在
公司可向招股人支付高达6.0%的总募集额佣金。净募集资金拟用于IMA矿山勘探计划、加速技术研究和运营资金。本次发行仍须获得加拿大证券交易所（CSE）的批准。发行文件将发布在 SEDAR+ 及公司网站上。
- Upsized financing eligibility to raise $22.6M
- Price set at $3.50 per share
- Proceeds earmarked for IMA Mine exploration
- Shares issued without statutory hold period
- Issuance of up to 6,468,572 shares causing dilution
- Potential finder fees up to 6% reduce net proceeds
- Offering is subject to CSE approval
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2025) - American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FSE: RK9) ("American Tungsten" or the "Company") is pleased to announce that it has upsized its previously announced non-brokered Listed Issuer Financing Exemption (LIFE) private placement offering (the "Offering") reflecting strong investor demand and the Company is eligible under the LIFE Exemption to raise gross proceeds of up to
The upsized Offering will consist of up to 6,468,572 common shares of the Company (each, a "Share") at a price of
In connection with the Offering, the Company may pay cash finders' fees to eligible finders up to
An offering document related to the LIFE Private Placement will be available under the Company's profile at www.sedarplus.ca and on its website at www.americantungstencorp.com. Prospective investors are encouraged to review this document prior to making an investment decision.
"This upsized financing underscores the robust institutional appetite for exposure to critical metals and validates American Tungsten's strategic role in strengthening the domestic supply chain," said Ali Haji, CEO of American Tungsten. "The proceeds will accelerate our development timeline and support our transition toward production, reinforcing our vision to become the leading U.S. supplier of tungsten."
The Company intends to use the net proceeds of the Offering towards its upcoming exploration program at the IMA Mine, fast tracking technical studies, and for additional working capital.
The Offering is subject to approval of the Canadian Securities Exchange (the "CSE").
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, 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/270618
FAQ
What is the size of the American Tungsten (TUNGF) LIFE private placement announced October 15, 2025?
How many shares and what price are being offered in American Tungsten's (TUNGF) financing?
What will American Tungsten (TUNGF) use the net proceeds for after the October 15, 2025 offering?
Will shares from the TUNGF LIFE private placement be subject to a statutory hold period?
Are there fees associated with the American Tungsten (TUNGF) private placement?
Is the American Tungsten (TUNGF) offering finalized and effective immediately?
