Northwire Canada EditionTuesday, November 3, 2026
Sign inSubscribe
Northwire
⌕
Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0% Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0%
Drill Results Routine +

American Tungsten Reports Strong Drilling Results from Lower D-level

American Tungsten expands Idaho's Ima Mine footprint with high-grade intercepts, though the pre-revenue status and dilution risk remain key considerations.

By The Northwire Desk — AI Analysis Jun 09, 2026 · 07:01 TUNG · 2.05 American Tungsten Corp
Executive Summary
  • American Tungsten Corp. reported additional assay results from the D-level of the Ima Mine in Idaho.
  • Highlighted intercepts include 24 ft at 0.75% WO3 and 3.06 oz/t Ag in the No. 5 vein, alongside high-grade intervals of 4.4 ft at 1.78% WO3 in newly defined footwall veins.
  • The company is executing its largest drill program in history with four active rigs, advancing Phase 2 exploration to systematically grow the mineralized footprint.
  • The strategic goal remains positioning the Ima Mine for a potential underground restart and establishing North American tungsten production.
Material Impact
  • The drilling results are consistent with the company's ongoing 35,000 ft exploration campaign announced in May 2026.
  • Intercepts align with previous updates, confirming continuity and scale of the polymetallic tungsten-silver system.
  • No new strategic shifts, M&A, or financing events are introduced in this release.
  • The news serves as an execution update rather than a fundamental re-rating event.
TUNG · Price
Company Overview
  • American Tungsten Corp. is a pre-revenue exploration and development-stage company focused on the IMA Mine project in Idaho, USA.
  • The IMA Mine is a historic underground tungsten producer (1945-1957) with approximately 199,449 MTUs of WO3 produced.
  • The company's strategy involves a two-track approach: Phase I focuses on tailings evaluation and potential processing, while Phase II targets the underground mine rehabilitation and restart.
  • The company transitioned its listing to the TSX Venture Exchange (TSXV) under the ticker "TUNG" in May 2026.
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