Welcome to our dedicated page for American Tungsten news (Ticker: TUNGF), a resource for investors and traders seeking the latest updates and insights on American Tungsten stock.
American Tungsten Corp (OTCQB: TUNGF) generates frequent operational and corporate news as it advances the IMA Mine Project in Idaho and builds a broader North American tungsten platform. The company’s releases focus on underground rehabilitation progress, the status of its multi-phase diamond drill program, and geological observations from drilling, including intersections of quartz veins containing hubnerite and scheelite mineralization.
Investors following TUNGF news can review detailed updates on the development of the D Level and Zero Level workings, establishment of underground drill stations, and expansion of planned drilling footage across multiple vein targets such as the No. 5 and No. 7 Vein systems, the IMA West Vein, the Eastern Vein, and the Main IMA Vein. American Tungsten also reports on its QA/QC procedures, Qualified Person oversight under NI 43-101, and the status of pending assay results from its exploration programs.
Beyond site operations, the company’s news flow includes corporate developments such as strategic board and advisory appointments, engagement of a new independent auditor, stock option grants, and investor relations initiatives. American Tungsten has also disclosed a letter of interest from the Export-Import Bank of the United States for a potential loan to support mining development and milling facilities at the IMA Tungsten Mine, and a planned strategic investment in Viking Mines Limited related to tungsten projects in Nevada.
This news page allows readers to track how American Tungsten’s exploration, financing discussions, and corporate actions evolve over time. For investors and observers interested in tungsten-focused exploration, critical minerals, and the progress of a historic underground mine toward potential restart, the TUNGF news feed offers a centralized view of the company’s disclosed milestones and plans.
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) provided an operational update on IMA Mine rehabilitation and an expanded first-phase diamond drill program dated November 5, 2025. Following a closed non-brokered LIFE financing, the planned diamond drilling footprint increases from ~5,400 ft to > 10,000 ft across five stations on D Level and Zero Level, with drilling expected to start before the end of November.
Site work: ~1,100 ft of underground drift rehabilitated to the initial cross-cut; D Level excavation is ~25% complete (48 ft done, ~138 ft remaining); two diamond rigs are secured; contractor will double-shift to accelerate work; Minetech USA contracted for mine planning and geotechnical support.
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 / CSE: TUNG) announced on October 27, 2025 that Duncan T. Blount was appointed to the board, effective immediately, and that Ajay Toor stepped down. The company thanked Mr. Toor for his contributions.
Mr. Blount brings nearly two decades of global experience in critical minerals, investment management, and corporate leadership, including roles at Chilean Cobalt (OTCQB: COBA), Decklar Resources (TSXV: DKL), Asian Mineral Resources, Redwheel, and Everest Capital. He holds an MBA from Thunderbird and a BA from Samford University.
CEO Ali Haji said Blount's background will support American Tungsten's move from direct shipping ore (DSO) to onsite milling and long-term value creation, and noted that capital is already secured to advance that transition.
American Tungsten (CSE: TUNG / OTCQB: TUNGF) reported operational and development progress at the Ima Mine on October 24, 2025. The company completed rehabilitation of about 1,000 feet of the D level adit and has begun underground development and crosscut excavation to prepare drill stations ahead of an initial 5,000-foot diamond drilling program contracted to Rockhead Consulting, with drilling expected to start in mid-November 2025.
In parallel, American Tungsten initiated a flowsheet development program with WSP that includes metallurgical testwork (gravity recovery, flotation, X-ray sorting), preliminary PFDs, mass balances and initial CAPEX estimates to evaluate a move from Direct Shipping Ore to an onsite milling strategy.
American Tungsten (OTCQB: TUNGF) announced on October 22, 2025 the completion of the first tranche of its LIFE Offering, raising C$16,770,510 from the sale of 6,500,198 common shares at C$2.58 per share.
The Common Shares were issued under the Listed Issuer Financing Exemption and are not subject to a Canadian hold period. The company paid aggregate cash commissions of C$741,343. Proceeds will be used for general and administrative purposes, working capital, and to advance the high-grade Ima Mine Project, including development activities, additional drilling and technical studies. Management said a subsequent tranche will be required to complete the offering.
American Tungsten (OTCQB: TUNGF) announced on October 20, 2025 a repricing of its previously announced non-brokered LIFE private placement to $2.58 per common share. The LIFE offering remains upsized to $20 million, will include no warrants, and allows cash-only finders' fees up to 6.0%. The company said it will file an amended offering document on Sedar+ and its website, and will provide simple amendments to prior subscribers to confirm allocations at the new price. Net proceeds are intended for the IMA Mine exploration program, accelerated technical studies, and additional working capital. The Offering is subject to approval by the Canadian Securities Exchange (CSE).
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.