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Demesne Resources Ltd. ( (TSE:TUNG) ) has provided an update.
American Tungsten Corp. has successfully completed the second tranche of its non-brokered private placement, raising approximately C$1.19 million. This financing highlights investor confidence in tungsten’s role in supply chains and will support the company’s development of the Idaho IMA Mine, positioning it as a leading North American source of critical minerals.
More about Demesne Resources Ltd.
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 Ima Mine Project is a historic underground tungsten past-producing property with significant infrastructure, and the company holds an exclusive option to acquire full ownership.
Average Trading Volume: 455,472
Technical Sentiment Signal: Buy
Current Market Cap: C$76.28M
Learn more about TUNG stock on TipRanks’ Stock Analysis page.