Demesne Resources Ltd. ( (TSE:TUNG) ) has shared an update.
American Tungsten Corp. has signed a non-binding letter of availability with Contact Mining Company to potentially process and mill tungsten mineralized material at the Contact Mill in Philipsburg, Montana. This agreement is a key development in American Tungsten’s strategy to enhance its domestic tungsten production capabilities and establishes a significant partnership aimed at creating an end-to-end tungsten supply process in the U.S., potentially impacting the company’s market position and operational growth.
More about Demesne Resources Ltd.
American Tungsten Corp., formerly known as Demesne Resources Inc., is a Canadian-based company focused on the acquisition and exploration of magnetite mineral properties. The company is expanding its operations in the tungsten industry within the United States through projects like the IMA Mine in Idaho.
YTD Price Performance: 216.67%
Average Trading Volume: 120,119
Technical Sentiment Consensus Rating: Sell
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