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Financings

American Tungsten Reprices Non-Brokered LIFE Private Placement to $2.58 per Share

By The Northwire Desk — AI Analysis Oct 20, 2025 · 17:11 TUNG · 2.6 American Tungsten Corp
TUNG · Price

Executive Summary

  • American Tungsten Corp. repriced its previously announced non‑brokered private placement (LIFE Offering) to $2.58 per common share.
  • The offering remains upsized to $20 million, with no warrants and cash‑only finder’s fees up to 6.0%.
  • Net proceeds are earmarked for the IMA Mine exploration program, technical studies, and additional working capital.

Key Details

  • Revised price: $2.58 per common share (previous price not restated).
  • Total offering size: $20 million (up‑sized from original amount).
  • Warrant structure: None – the offering is issued without warrants.
  • Finder’s fees: Cash‑only, capped at 6.0% of proceeds.
  • Documentation: An amended and restated LIFE Offering document will be filed on SEDARplus and the company website.
  • Use of proceeds:
  • Advancement of the IMA Mine exploration program in Idaho.
  • Fast‑tracking technical studies related to tungsten production.
  • Supplementary working capital for general corporate purposes.
  • Regulatory condition: Offering subject to approval by the Canadian Securities Exchange (CSE).
  • CEO comment: Ali Haji emphasized that the repricing aligns the financing with current market dynamics and reflects a commitment to capital discipline and long‑term value creation.

Notable Quotes

“Repricing to $2.58 aligns this financing with current market dynamics… Our focus remains advancing toward production and becoming the next tungsten producer in the United States…” – Ali Haji, CEO

Read the original news release →

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