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The latest update is out from Demesne Resources Ltd. ( (TSE:TUNG) ).
American Tungsten Corp. has successfully closed its upsized and oversubscribed non-brokered private placement under the Listed Issuer Financing Exemption, raising $2,361,400 through the issuance of 1,475,875 common shares at $1.60 each. The proceeds are intended for property payments, exploration, marketing, and general working capital, potentially enhancing the company’s operational capabilities and market positioning in the mineral exploration sector.
More about Demesne Resources Ltd.
American Tungsten Corp., previously known as Demesne Resources Inc., is a Canadian-based company focused on the acquisition and exploration of mineral properties. The company is involved in the Star Project, which encompasses five mineral titles in the Skeena Mining Division, British Columbia, and has an option agreement to earn a 100% interest in this project. Additionally, American Tungsten has an option to acquire a 100% interest in the IMA Mine Project, a past producing underground mine, subject to a 2% royalty.
YTD Price Performance: 196.30%
Average Trading Volume: 140,027
Technical Sentiment Consensus Rating: Strong Sell
Find detailed analytics on TUNG stock on TipRanks’ Stock Analysis page.