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The latest announcement is out from Demesne Resources Ltd. ( (TSE:TUNG) ).
American Tungsten Corp. has increased its non-brokered LIFE private placement offering to $20 million due to strong investor demand. The proceeds will support the company’s exploration program at the IMA Mine, accelerate technical studies, and provide additional working capital, reinforcing its goal to become a leading U.S. tungsten supplier. This move highlights the company’s strategic role in strengthening the domestic supply chain for critical metals.
More about Demesne Resources Ltd.
American Tungsten Corp. is a Canadian exploration company focusing on high-potential tungsten and magnetite assets in North America. The company is advancing the Ima Mine Project in Idaho towards commercial production, addressing critical metal scarcity in the region. The project is a historic underground tungsten property with significant infrastructure, and the company holds an exclusive option to acquire full ownership, subject to a 2% royalty.
Average Trading Volume: 373,141
Technical Sentiment Signal: Buy
Current Market Cap: C$152.2M
For a thorough assessment of TUNG stock, go to TipRanks’ Stock Analysis page.