Latest news with #IMAMineProject
Hamilton Spectator
30-07-2025
- Business
- Hamilton Spectator
American Tungsten Announces Strategic Advancements in IMA Mine Rehabilitation and Exploration Program
Vancouver, BC, July 30, 2025 (GLOBE NEWSWIRE) — American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) ('American Tungsten' or the 'Company') is pleased to provide a corporate update on its ongoing efforts to rehabilitate the historic IMA Mine in Patterson, Idaho and advance its expanded drilling programme. This programme is a critical step toward unlocking long-term value and reinforcing the Company's position to play a vital role in ore supply of tungsten in North America for defense, industrial and technology applications. 'As global demand for secure critical metals intensifies, American Tungsten continues to build strategic momentum, reinforcing its role as a cornerstone of North America's tungsten supply chain. The Company's dual approach—revitalizing a historically rich asset while defining a maiden resource, positions American Tungsten at the forefront of sustainable resource advancement. Following several months of detailed environmental assessment, engineering design, and community engagement, American Tungsten is entering the next phase of its IMA Mine rehabilitation strategy. With a fully-funded programme, the Company has secured preliminary approval for its site remediation plan, which focuses on restoring the existing infrastructure to support future production goals,' said Ali Haji, CEO of American Tungsten Corp. IMA Mine Project entering next phase of rehabilitation strategy Please click here to view image About the IMA Mine Project: The IMA Mine is an advanced, readily permittable, past producing tungsten-molybdenum property situated in the Idaho porphyry belt and located on patented mining claims. American Tungsten has an immediate opportunity to advance strong identified molybdenum-bearing intrusion targets located below historic tungsten production area through step-out drilling program. 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 metric ton units of tungsten trioxide (WO3). It was subsequently explored for molybdenum and tungsten by various operators between 1960 and 2008. The mine was last in production in 1957 with significant underground rehabilitation and development conducted on the zero level by Midwest Oil and Inspiration Development Co. in the 1960s and late 1970s, including development of new drifts around unstable areas and construction of underground drill stations. Current rehabilitation efforts aim to re-establish safe access to previously rehabilitated areas and underground drill stations. American Tungsten has contracted Rockhead Consulting LLC to perform initial underground rehabilitation of the mine. Rockhead Consulting is an established underground mining contractor based in Sheridan, Montana, with over 40 years experience and an emphasis on safety and productivity. Rockhead provides a wide range of mine development services including engineering and construction of tunnels, declines, raises, shaft rehabilitation and de-watering projects of various sizes and complexity. Key Strategic Priorities IMA Mine Rehabilitation Underway: Define IMA Mine Resources: Foster and Secure Key Strategic & Financial Partnerships: ABOUT AMERICAN TUNGSTEN CORP. 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 Company's Ima Mine Project is a historic and high-quality underground tungsten past-producing property, where the Company holds an exclusive option to acquire full ownership (subject to a 2% royalty) and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres. Social media links: LinkedIn: X: Facebook: corp/ Instagram: YouTube: For further information, please contact: Investor Relations Email: ir@ 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 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 news release.
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
Yahoo
03-03-2025
- Business
- Yahoo
American Tungsten Announces Marketing Agreement
Vancouver, British Columbia, March 03, 2025 (GLOBE NEWSWIRE) -- American Tungsten Corp. (CSE:TUNG) (OTCQB: DEMRF) (FSE: RK9) (the "Company" or "American Tungsten") is pleased to announce in accordance with CSE policies, that it has entered into a marketing agreement with an arm's length firm, Emerging Markets Consulting, LLC ('EMC') to provide, among other things, investor and public relations services, including arrangement for and provision of electronic media, as well as the drafting of corporate information and dissemination of such information through email and trade shows. In consideration for these services, EMC will be paid a cash fee of $275,000 USD for a three-month term. ABOUT AMERICAN TUNGSTEN CORP. American Tungsten Corp. (previously Demesne Resources Inc.) is a Canadian-based company involved in the acquisition and exploration of mineral properties. The Company's magnetite 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: Murray NyeCEO 1055 West Georgia Street, Suite 1500Vancouver, BC V6E 0B6Canada For further information, please contact: Murray Nye, CEOEmail: ir@ +1 (416) 300-7398 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 'expects', 'plans', 'anticipates', 'believes', '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. 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. Sign in to access your portfolio
Yahoo
25-02-2025
- Business
- Yahoo
American Tungsten Corp. Responds to Potential U.S. Tariffs Against Canada and Mexico
Vancouver, BC, Feb. 25, 2025 (GLOBE NEWSWIRE) -- American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) ('American Tungsten' or the 'Company') reaffirms its commitment to onshoring tungsten supply in the United States amidst recent commitments made by President Trump on February 24, 2025 to move ahead with tariffs action against Canada and Mexico. American Tungsten remains committed to strengthening resource independence in the United States. Tungsten is classified as a critical mineral by the U.S. government, owing to its use in high-strength applications such as defense, aerospace, and high-performance manufacturing. The potential imposed tariffs highlight the strategic importance of securing domestic sources for key industrial metals in the United States, reinforcing the necessity of a stable and self-sufficient supply chain. 'We recognize the potential impacts these tariffs may have on our industry and our stakeholders,' said Murray Nye, CEO of American Tungsten. 'However, as one of the few U.S.-based tungsten miners, we believe this recent development underscores the importance of domestic production to mitigate supply chain disruptions and reduce reliance on foreign imports.' As Canadian and other foreign suppliers may face cost disadvantages, the Company expects to see increased demand from both industrial and government buyers seeking reliable, tariff-free tungsten supplies. In addition to economic benefits, American Tungsten's contemplated operations will contribute to job creation and local economic growth in the state of Idaho. 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: Murray Nye CEO 1055 West Georgia Street, Suite 1500Vancouver, BC V6E 0B6Canada For further information, please contact: Murray Nye, CEOEmail: ir@ +1 (416) 300-7398 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 'expects', 'plans', 'anticipates', 'believes', '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. 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. Sign in to access your portfolio
