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Business Upturn
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American Tungsten Corp. Identified Multiple Exploration Targets at Ima Mine & Provides an Update on its Technical Report
Vancouver, BC, June 10, 2025 (GLOBE NEWSWIRE) — American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) ('American Tungsten' or the 'Company') is pleased to provide an update on its exploration plans and independent technical report (the 'Technical Report') prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ('NI 43-101') for its tungsten project, the Ima Mine, located in Idaho, United States. American Tungsten is currently working with qualified mining and drilling contractors to scope and cost its summer 2025 exploration program. The Technical Report on the Ima property has been published today and is available on SEDAR+. The exploration program, as described in the press release dated March 12, 2025, entails rehabilitation of the D level of the mine to support underground exploration drilling and collection of a bulk sample for metallurgical testwork. Exploration Plan & Targets American Tungsten's ongoing compilation of historical mining and drillhole information has identified multiple exploration targets on the Ima property. Polymetallic tungsten-silver bearing quartz vein exploration targets include the northeastern extension of the No.5 and No.7 veins, the southwest extension of the West Ima vein, the Eastern Vein system, and the main Ima vein below the historical mine (Figure 1). Additionally, the vein system is known to extend to the south across Patterson Creek based on historical exploration by the Defense Minerals Exploration Agency. American Tungsten is actively planning a drill program to delineate the northeastern extension of the No 5. and No. 7 veins, and also assess continuity of vein systems in West and East Ima vein targets, discussed below. 'While our summer program is focused on delineation of the No. 5 and No. 7 veins, the additional exploration targets identified to date demonstrate significant up-side potential of the Ima property.' Said Ali Haji, CEO of American Tungsten. 'Significant tungsten drillhole intercepts from Gentor and Inspiration campaigns, outside of areas mined historically, provide compelling low-risk drill targets for expansion of known mineralization.' Exploration data discussed below include historical information which has not been verified and results from widely spaced drill holes and sampling. The quantity and grade of potential exploration targets is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Drill hole results discussed below are based on historical information, which has not been verified by sampling or assaying and should only be used to assess the potential grade of mineralisation, which may be targeted in future exploration programs. Figure 1: Ima Mine Exploration Target Location Map please click to view image No. 5 and No. 7 Veins Only limited stoping was conducted above the D-level prior to cessation of mining in 1957. The No.5 and No.7 veins dip moderately to the southwest and extend up-dip (north east) from the D-level based on underground mapping and Inspiration Development drillhole intersects. Inspiration reported underground channel sampling results from the No.5 vein of 0.44% WO3 0.043% MoS2 and 2.63 opt Ag with an average true width of 5.3' over a strike length of 520 feet, and from the No. 7 vein of 0.43%WO3 0.041% MoS2 and 2.01 opt Ag with an average width of 6 feet over a strike length of 408 feet2. Sampling of the No.7 vein in an oblique crosscut 500 feet to the south was reported as 0.535% WO3, 0.055% MoS2 and 0.49 opt Ag with an average width of 5.3 feet over a length of 80 feet. Inspiration drillhole ID-9 intersected the vein system approximately 700 feet up dip and reportedly returned 4.6 feet at 1.09% WO3, 0.05% MoS2 and 1.15 opt Ag. The No 5 and No. 7 veins are also intersected in drilling to the north and an additional vein, the No. 3 vein is intersected in the footwall on the D level in Bradley Mining company drilling. Based on simplified volumetric estimates and historically reported grades, the historical drilling and sampling delineates a conceptual exploration target of 2-3 parallel stacked veins 4 to 6 feet wide extending approximately 1000 feet along strike and 500 feet up-dip containing 300-400k tons of mineralized materials with grades of 0.4-1.0% WO3 and 1-2 opt Ag. Ima West Vein – Southwest Extension Gentor drilling from the D-level portal intersected significant tungsten-silver mineralization in quartz veins between the zero level and the 200 level of the Ima mine, south of the water fault, approximately 300 to 575 deep. Gentor drillhole IMA-21 intersected 0.5% WO3, 0.028% MoS2 and 0.99 opt Ag over 20.5 feet, and 0.68% WO3, 0.084% MoS2 and 0.7 opt Ag over 6 feet. Drillhole IMA-26A intersected 1.29% WO3, 0.055% MoS2 and 1.49 opt Ag over 6.5 feet. These intercepts occur 200 and 500 feet along strike and beyond the southern extent of historical underground mining in a western splay of the Ima vein system. The interpreted along strike southeast continuation is untested and remains open to the south along strike. Based on simplified volumetric estimates, historically reported grades, and estimates of true width, the drilling delineates a conceptual exploration target of one or two steeply dipping parallel veins or vein arrays 3 to 10 feet wide extending approximately 400 feet up dip and 500 feet along strike containing 50-150k tons of mineralized materials with grades of 0.5-1% WO3 and 1-2 opt Ag, with additional extension to the southeast possible. Eastern Vein System Presence of an additional vein system located northeast of the principal Ima vein system is supported by historical drilling and drift sampling. This zone was identified as a target area by Inspiration Development, and is further supported by deeper Gentor drillhole intercepts. Historical stope sections do not show significant mining in this area. Northeast directed Midwest Co. drillholes from the zero level are reported to have intersected significant mineralization including 0.47% WO3, 0.05% MoS2 and 2.3 opt Ag, over 3 feet in drillhole MW-02 and 0.58% WO3, .016% MoS2 and 1.6 opt Ag over 10 feet in MW-03. Drift sampling by AMAX on the 360 level in the No.9 crosscut is reported by Inspiration as 0.28% WO3, 0.1% MoS2 and 0.59 opt Ag over 90 feet. Gentor drillhole IMA-27 intersected 30 feet grading 0.2% WO3 including 5 feet grading 0.53% WO3, 0.129% MoS2 and 0.41 opt Ag and 4.9 feet grading 1.26%WO3, 0.07% MoS2 and 1.55 opt Ag, 200 feet below the 360 level and proximal to the molybdenum mineralized granitic cupola. Based on simplified volumetric estimates, historically reported grades, and estimates of true width, the drilling delineates a conceptual exploration target consisting of one or two steeply dipping veins or vein arrays 3-7 feet wide, extending approximately 500 feet up dip and 800 feet along strike containing 100-200k tons grading 0.5-1% WO3 and 0.5-1.5 opt Ag. Significant additional mineralized materials are possible if broader zones of lower grade tungsten mineralization, such as that in the No. 9 crosscut and drillhole IMA-27 is delineated. Main Ima vein system below the mine Significant tungsten mineralization was intercepted in Gentor drillholes 200 to 800 feet below the lowermost levels of the Ima mine main vein system, interpreted as the extension of the Ima vein at depth. Intercepts include 16.5 feet grading 0.710% WO3 and 0.73 opt Ag and 5 feet grading 1.26% WO3 and 5.2 opt Ag in IMA-28A, 7.1 feet grading 0.6% WO3 and 0.93 opt Ag and 5 feet grading 1.06% WO3 and 0.26 opt Ag in IMA-24, and 7.2 feet grading 0.43% WO3 and 1.05 opt Ag in IMA-22. Intercepts may not represent true width of mineralization. Based on simplified volumetric estimates, historically reported grades, and estimates of true width, the drilling delineates a conceptual exploration target consisting of two to three steeply dipping veins or vein arrays 3-6 feet wide, extending approximately 800 feet down dip and 500 feet along strike containing 200-400k tons grading 0.5-1% WO3 and 0.5-2 opt Ag. Continuation of vein system south of Patterson Creek An exploration program conducted by the Defense Minerals Exploration Agency (DMEA) identified a 4 foot wide tungsten bearing quartz vein on the south side of Patterson Creek, intersected in an exploration crosscut. The vein strikes parallel to the main Ima vein system but dips moderately to the northeast. The DMEA reports that 'The exploration has proven that the Ima vein zone continues southward across Patterson Canyon; thus the possible tungsten bearing area has been greatly extended.'3 There is insufficient information currently available to define a conceptual exploration target but additional exploration on the south side of the canyon may be warranted. Molybdenum Mineralization Drilling by Gentor was successful in extending the boundaries of known molybdenum mineralization to the east, and supported a historical 43-101 compliant Mineral Resource Estimate for molybdenum mineralization occurring below the Ima mine. Gentor drillholes IMA-27 and IMA-30 are the easternmost drillholes completed in the molybdenum target and intersected significant widths and higher grades than prior drilling, including 0.25% over 475 feet and 0.28% over 368 feet. This mineralization is open to the northeast and supports a conceptual exploration target within the granitic stock extending approximately 1000 feet along strike, 300 feet down dip and of unknown width to the north east. Exploration data discussed above include historical information which has not been verified and results from widely spaced drill holes and sampling. The quantity and grade of potential exploration targets is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the targets being delineated as a mineral resource. Update on Technical Report Ima Mine Technical Report The technical report on the Ima mine has been published today and is available on SEDAR+. The technical report was prepared by A to Z Mining Professionals and is authored by Mr. Brian LeBlanc, a Qualified Person as defined by NI43-101. The Ima Mine is a past producing underground tungsten mine situated on 22 patented claims located in East Central Idaho. Between 1945 and 1957, the property produced approximately 199,449 MTUs of WO3 and was subsequently explored for molybdenum and tungsten by various operators between 1960-2008(1). ABOUT AMERICAN TUNGSTEN CORP. American Tungsten Corp. (previously Demesne Resources Inc.) is a Canadian-based company involved in the acquisition and exploration of magnetite mineral properties. The Company's Star Project consists of five contiguous mineral titles covering an area of approximately 4,615.75 hectares located in the Skeena Mining Division, British Columbia, Canada. The Company has entered into an option agreement pursuant to which it is entitled to earn an undivided 100% interest in the Star Project. American Tungsten has also entered into an option agreement, pursuant to which it can acquire a 100% interest (subject to a 2% royalty) in and to the Ima Mine Project, a past producing underground tungsten mine situated on 22 patented claims located in East Central, Idaho, United States. In addition, the Company has acquired surrounding mining rights at its Ima Mine Project through the staking of 113 WMO federal lode mining claims covering an area of 1,988.6 acres (804.75ha). Social media links: LinkedIn: X: Facebook: corp/ Instagram: YouTube: ON BEHALF OF THE BOARD OF DIRECTORS: Ali Haji Chief Executive Officer 1055 West Georgia Street, Suite 1500Vancouver, BC V6E 0B6 Canada
Yahoo
27-05-2025
- Business
- Yahoo
American Tungsten Corp. Commences Mine Site Preparation and Exploration Work
Vancouver, BC, May 27, 2025 (GLOBE NEWSWIRE) -- American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) ('American Tungsten' or the 'Company') is pleased to announce that the Company has commenced construction and building work to support exploration and mine planning at its Idaho-based tungsten project, the Ima Mine. The rehabilitation and exploratory review work will enable definition drilling and bulk sampling to aid in the Company's formation of its mine plan. The Ima Mine is a past producing underground tungsten mine situated on 22 patented claims located in East Central Idaho. Between 1945 and 1957, the property produced approximately 199,449 MTUs of WO3 and was subsequently explored for molybdenum and tungsten by various operators between 1960-2008(1). 'With warmer summer months approaching, the team is excited to have come back from a successful site visit that paves the way to rehabilitation, environmental sampling and stakeholder relations in order to begin plans to bring Ima back to production,' said Ali Haji, CEO. 'Review and compilation of the historical drilling, sampling and metallurgical testing completed by historical operators has identified multiple drill targets across the property and demonstrated viability of gravity separation of tungsten and sulfide flotation processes.' said Austin Zinsser, V.P. Exploration. 'Last week we developed a plan to initiate work where the prior operator left off, with delineation drilling and continued flowsheet development for the vein system on the upper level.' American Tungsten has contracted rehabilitation of certain sections of the property's road, is initiating collection of baseline environmental data and is conducting a thorough review on the property's infrastructure, and continues digitization of historical exploration information and modeling. Figure 1. Core Shack (left), Ima house (right). click here to view image Figure 2. Bulldozer and rehabilitated road leading to D-level. click here to view image Figure 3. Road rehabilitation complete. click here to view image Figure 4. From left to right: Murray Nye (President), Austin Zinsser (VP Exploration), Bill Breen (Community Consultant), Dave Sabourin (Mining Engineer), Ali Haji (CEO). click here to view image Figure 5. D-level adit, Murray Nye. click here to view image Figure 6. Core review – Ali Haji, Bill Breen, Murray Nye and Dave Sabourin. click here to view image Figure 7. D-level No.5 vein, Ali Haji. click here to view image ABOUT AMERICAN TUNGSTEN CORP. American Tungsten Corp. (previously Demesne Resources Inc.) is a Canadian-based company involved in the acquisition and exploration of magnetite mineral properties. The Company's Star Project consists of five contiguous mineral titles covering an area of approximately 4,615.75 hectares located in the Skeena Mining Division, British Columbia, Canada. The Company has entered into an option agreement pursuant to which it is entitled to earn an undivided 100% interest in the Star Project. American Tungsten has also entered into an option agreement, pursuant to which it can acquire a 100% interest (subject to a 2% royalty) in and to the Ima Mine Project, a past producing underground tungsten mine situated on 22 patented claims located in East Central, Idaho, United States. In addition, the Company has acquired surrounding mining rights at its Ima Mine Project through the staking of 113 WMO federal lode mining claims covering an area of 1,988.6 acres (804.75ha). Social media links: LinkedIn: X: Facebook: Instagram: YouTube: ON BEHALF OF THE BOARD OF DIRECTORS: Ali Haji Chief Executive Officer 1055 West Georgia Street, Suite 1500Vancouver, BC V6E 0B6Canada For further information, please contact: Ali Haji, Chief Executive OfficerEmail: ir@ +1 (647) 871-4571 CSE:TUNGOTCQB:DEMRFFSE:RK9 The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release. This news release includes certain statements that may be deemed 'forward-looking statements'. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'believes', 'expects', 'plans', 'anticipates', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Forward looking statements in this news release include statements respecting: (i) the Ima Mine Project and the mineral prospects thereon, (ii) the Company's performance of its obligations under the Option Agreement, and the exercise of the option thereunder, and (iii) the Company's planned activities on the IMA Mine Project. Factors that could cause the actual results to differ materially from those in forward-looking statements include the receipt of regulatory approvals, market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 — Standards of Disclosure for Mineral Projects ('NI-43-101'). Austin Zinsser, P.G., SME-RM, Vice President, Exploration for the Company, and a Qualified Person as defined by NI-43-101, has reviewed and approved the scientific and technical information in this Presentation. 1. Bradley Mining Company, 1958; Summarized Information on IMA Mine, Lemhi Co, Patterson, Idaho. Company Report, 6p. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
13-05-2025
- Business
- Hamilton Spectator
American Tungsten Corp. To Host Management Update Webinar
Vancouver, BC, May 13, 2025 (GLOBE NEWSWIRE) — American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) ('American Tungsten' or the 'Company') announces that the Company's CEO, Ali Haji will host a webinar to give an overview of the company's recent developments. This will also serve as a platform for all attendees to ask questions directly to management about current and future catalysts. Management encourages all that are interested in getting an update or learning more about American Tungsten to register to the event using the URL link provided. Alternatively, email (mbenedetto@ to register for the event. Livestream link: ABOUT AMERICAN TUNGSTEN CORP. American Tungsten Corp. (previously Demesne Resources Inc.) is a Canadian-based company involved in the acquisition and exploration of magnetite mineral properties. The Company's Star Project consists of five contiguous mineral titles covering an area of approximately 4,615.75 hectares located in the Skeena Mining Division, British Columbia, Canada. The Company has entered into an option agreement pursuant to which it is entitled to earn an undivided 100% interest in the Star Project. American Tungsten has also entered into an option agreement, pursuant to which it can acquire a 100% interest (subject to a 2% royalty) in and to the IMA Mine Project, a past producing underground tungsten mine situated on 22 patented claims located in East Central, Idaho, United States. In addition, the Company has acquired surrounding mining rights at its IMA Mine Project through the staking of 113 WMO federal lode mining claims covering an area of 1,988.6 acres (804.75ha). Social media links: LinkedIn: X: Facebook: corp/ Instagram: YouTube: ON BEHALF OF THE BOARD OF DIRECTORS: Ali Haji Chief Executive Officer 1055 West Georgia Street, Suite 1500 Vancouver, BC V6E 0B6 Canada For further information, please contact: Ali Haji, Chief Executive Officer Email: ir@ Phone: +1 (647) 871-4571 CSE:TUNG OTCQB:DEMRF FSE:RK9 The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release. This news release includes certain statements that may be deemed 'forward-looking statements'. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'believes', 'expects', 'plans', 'anticipates', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Forward looking statements in this news release include statements respecting: (i) the IMA Mine Project and the mineral prospects thereon, (ii) the Company's performance of its obligations under the Option Agreement, and the exercise of the option thereunder, and (iii) the Company's planned activities on the IMA Mine Project. Factors that could cause the actual results to differ materially from those in forward-looking statements include the receipt of regulatory approvals, market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Yahoo
08-05-2025
- Business
- Yahoo
American Tungsten Corp. Announces Addition to Board of Directors
Vancouver, BC, May 08, 2025 (GLOBE NEWSWIRE) -- American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) ('American Tungsten' or the 'Company') announces today the appointment of James (Jim) Whittaker to the Board of Directors of the Company (the 'Board') and, the resignation of Adam Virani from the Board. The Board extends its sincere appreciation to Mr. Virani for his valuable contributions and lending his technical expertise during his tenure with the Company and wishes him well in his future endeavours. Mr. Whittaker is a highly experienced mining executive with over 35 years of global leadership across operations, strategic development, and organizational transformation in the mining and metals industry. A metallurgical engineer, Mr. Whittaker has held senior operational and project development roles throughout the Americas. He currently serves as Chief Operating Officer for Capstone Copper, responsible for operations in Chile, U.S. and Mexico. Prior to this, Mr. Whittaker was President of Escondida for BHP, overseeing the world's largest copper operation, and previously has held senior regional leadership roles at OceanaGold and Barrick across the U.S., Argentina, and Peru. Mr. Whittaker holds a bachelor's degree in Extractive Metallurgy from Dalhousie University in Canada, and an Executive MBA from Queen's Business School in Canada. 'We are incredibly excited to welcome Jim to the Board. The addition of Jim's technical and operational expertise deepens our team's depth of capabilities and I look forward to working closely with him as we continue to advance our Idaho-based tungsten project, the IMA Mine,' said Ali Haji, CEO of American Tungsten. ABOUT AMERICAN TUNGSTEN CORP. American Tungsten Corp. (previously Demesne Resources Inc.) is a Canadian-based company involved in the acquisition and exploration of magnetite mineral properties. The Company's Star Project consists of five contiguous mineral titles covering an area of approximately 4,615.75 hectares located in the Skeena Mining Division, British Columbia, Canada. The Company has entered into an option agreement pursuant to which it is entitled to earn an undivided 100% interest in the Star Project. American Tungsten has also entered into an option agreement, pursuant to which it can acquire a 100% interest (subject to a 2% royalty) in and to the IMA Mine Project, a past producing underground tungsten mine situated on 22 patented claims located in East Central, Idaho, United States. In addition, the Company has acquired surrounding mining rights at its IMA Mine Project through the staking of 113 WMO federal lode mining claims covering an area of 1,988.6 acres (804.75ha). Social media links: LinkedIn: X: Facebook: Instagram: YouTube: ON BEHALF OF THE BOARD OF DIRECTORS: Ali Haji Chief Executive Officer 1055 West Georgia Street, Suite 1500Vancouver, BC V6E 0B6Canada For further information, please contact: Ali Haji, Chief Executive OfficerEmail: ir@ +1 (647) 871-4571 CSE:TUNGOTCQB:DEMRFFSE:RK9 The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release. This news release includes certain statements that may be deemed 'forward-looking statements'. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'believes', 'expects', 'plans', 'anticipates', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Forward looking statements in this news release include statements respecting: (i) the IMA Mine Project and the mineral prospects thereon, (ii) the Company's performance of its obligations under the Option Agreement, and the exercise of the option thereunder, and (iii) the Company's planned activities on the IMA Mine Project. Factors that could cause the actual results to differ materially from those in forward-looking statements include the receipt of regulatory approvals, market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
08-05-2025
- Business
- Business Upturn
American Tungsten Corp. Announces Addition to Board of Directors
By GlobeNewswire Published on May 8, 2025, 16:30 IST Vancouver, BC, May 08, 2025 (GLOBE NEWSWIRE) — American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) ('American Tungsten' or the 'Company') announces today the appointment of James (Jim) Whittaker to the Board of Directors of the Company (the 'Board') and, the resignation of Adam Virani from the Board. The Board extends its sincere appreciation to Mr. Virani for his valuable contributions and lending his technical expertise during his tenure with the Company and wishes him well in his future endeavours. Mr. Whittaker is a highly experienced mining executive with over 35 years of global leadership across operations, strategic development, and organizational transformation in the mining and metals industry. A metallurgical engineer, Mr. Whittaker has held senior operational and project development roles throughout the Americas. He currently serves as Chief Operating Officer for Capstone Copper, responsible for operations in Chile, U.S. and Mexico. Prior to this, Mr. Whittaker was President of Escondida for BHP, overseeing the world's largest copper operation, and previously has held senior regional leadership roles at OceanaGold and Barrick across the U.S., Argentina, and Peru. Mr. Whittaker holds a bachelor's degree in Extractive Metallurgy from Dalhousie University in Canada, and an Executive MBA from Queen's Business School in Canada. 'We are incredibly excited to welcome Jim to the Board. The addition of Jim's technical and operational expertise deepens our team's depth of capabilities and I look forward to working closely with him as we continue to advance our Idaho-based tungsten project, the IMA Mine,' said Ali Haji, CEO of American Tungsten. ABOUT AMERICAN TUNGSTEN CORP. American Tungsten Corp. (previously Demesne Resources Inc.) is a Canadian-based company involved in the acquisition and exploration of magnetite mineral properties. The Company's Star Project consists of five contiguous mineral titles covering an area of approximately 4,615.75 hectares located in the Skeena Mining Division, British Columbia, Canada. The Company has entered into an option agreement pursuant to which it is entitled to earn an undivided 100% interest in the Star Project. American Tungsten has also entered into an option agreement, pursuant to which it can acquire a 100% interest (subject to a 2% royalty) in and to the IMA Mine Project, a past producing underground tungsten mine situated on 22 patented claims located in East Central, Idaho, United States. In addition, the Company has acquired surrounding mining rights at its IMA Mine Project through the staking of 113 WMO federal lode mining claims covering an area of 1,988.6 acres (804.75ha). Social media links: LinkedIn: X: Facebook: corp/ Instagram: YouTube: ON BEHALF OF THE BOARD OF DIRECTORS: Ali Haji Chief Executive Officer 1055 West Georgia Street, Suite 1500Vancouver, BC V6E 0B6 Canada For further information, please contact: Ali Haji, Chief Executive Officer Email: [email protected] Phone: +1 (647) 871-4571 CSE:TUNGOTCQB:DEMRF FSE:RK9 The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release. This news release includes certain statements that may be deemed 'forward-looking statements'. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'believes', 'expects', 'plans', 'anticipates', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Forward looking statements in this news release include statements respecting: (i) the IMA Mine Project and the mineral prospects thereon, (ii) the Company's performance of its obligations under the Option Agreement, and the exercise of the option thereunder, and (iii) the Company's planned activities on the IMA Mine Project. Factors that could cause the actual results to differ materially from those in forward-looking statements include the receipt of regulatory approvals, market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. 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