Northwire Canada EditionSaturday, November 7, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

American Tungsten Confirms High-Grade Tungsten Mineralization from Initial Zero Level Underground Drilling at Ima Mine

American Tungsten Drilling Validates Zero Level Vein Continuity Amidst Capital Raise

By The Northwire Desk — AI Analysis May 05, 2026 · 07:05 TUNG · 2.59 American Tungsten Corp
Executive Summary
  • American Tungsten Corp. released initial underground drilling results from the Zero Level of the Ima Mine in Idaho on May 5, 2026.
  • Intersections confirmed tungsten-bearing polymetallic veins including the historical Main Ima vein system, West Vein, newly identified western vein, and Talmadge Vein.
  • Key intercepts include Hole AT26-14 (17.8 ft @ 0.44% WO3) and Hole AT25-16 (9.6 ft @ 0.40% WO3 in West Vein).
  • Drilling progress: 11 holes completed on Zero Level (>5,000 ft); second drill station nearing completion; D level drilling underway with 22 holes total (~13,229 ft drilled to date).
  • CEO Ali Haji stated results validate the Phase 1 exploration program and approach to revitalizing the historic Ima Mine.
Material Impact
  • The news is a confirmation of ongoing exploration rather than a fundamental shift in project economics or timeline.
  • Results are consistent with previous D-Level drilling announcements (March 2026) and metallurgical test work showing high recoveries (94.4% WO3).
  • While positive, the grades (0.44% - 1.06% WO3 intervals) are within expected ranges for this project's historical context and do not represent a surprise resource expansion.
  • The market has already priced in significant capital raises ($40M bought deal in March 2026), so incremental exploration results are viewed as routine progress toward the stated goal of defining a mineral resource.
  • No new financing or strategic partnership announcements accompany this release, limiting immediate upside catalysts compared to previous months.
TUNG · Price
Company Overview
  • Company: American Tungsten Corp. (TUNG).
  • Flagship Project: Ima Mine, Idaho, USA. Historic underground tungsten producer (1945–1957) with ~199,449 MTU WO3 produced.
  • Current Status: Revitalization phase; Phase 1 exploration drilling underway on D Level and Zero Level to define a modern mineral resource.
  • Strategic Goal: Become the first commercial tungsten producer in the United States to reduce reliance on Chinese imports (US imports >80% of tungsten).
  • Infrastructure: Underground rehabilitation ongoing, including drift development and power upgrades (150kW generator installed).
Read the original news release →

More from American Tungsten Corp

Oct 29, 2026 · 07:02

American Tungsten targets resource-grade tungsten veins at its project, with the preliminary economic assessment serving as the primary catalyst for future development.

Drill Results Oct 05, 2026 · 07:01

American Tungsten filed an IMA technical report outlining a phased tungsten restart strategy for its project.

Resource Estimate Sep 17, 2026 · 07:01

American Tungsten drilled 30,000 feet and identified a new 41R vein returning 9.4 feet at 0.80% WO3.

Drill Results Sep 09, 2026 · 07:01

American Tungsten secures political backing for its Idaho tungsten project ahead of a preliminary economic assessment and tailings facility restart.

Production / Operations Aug 20, 2026 · 07:01

American Tungsten reports a maiden inferred resource at Apex with high-grade tungsten, though the project's economic viability remains untested.

Resource Estimate Jul 29, 2026 · 07:01

American Tungsten confirms a 900-foot strike of modest-grade tungsten veins at its project, though the grades lack the punch to re-rate the stock.

Drill Results