American Tungsten reschedules investor update

Executive Summary

• American Tungsten Corp. rescheduled its investor update webinar to November 24, 2025, due to global Cloudflare network issues.
• The update will address the expiration of trading restrictions on 14 million common shares issued in a July 2025 private placement, which become freely tradable on or about November 25, 2025.
• The company highlighted that proceeds from the financing are being used for site infrastructure rehabilitation, engineering, permitting, and project-level financing preparation, alongside receiving a letter of interest from the U.S. Export-Import Bank for up to $25.5 million.

Key Details

• Event Rescheduling: The investor update webinar is rescheduled to Monday, Nov. 24, 2025, at 10 a.m. EST / 7 a.m. PST. Existing registrations are automatically transferred.
• Share Unlock Details:
  • Quantity: 14 million common shares.
  • Issuance Date: July 24, 2025.
  • Mechanism: Issued as part of a private placement.
  • Unlock Date: Shares become unrestricted and freely tradable on or about Nov. 25, 2025.
  • Nature: Described as a "mechanical unlock and not new dilution."
• Use of Proceeds: Funds deployed into value-creating work programs including:
  • Continuing rehabilitation of key site infrastructure.
  • Engineering and design for restart.
  • Advancement of permitting and environmental work.
  • Preparation for project-level financing.
• Financing Update:
  • Counterparty: Export-Import Bank of the United States.
  • Status: Received a letter of interest.
  • Amount: Up to $25.5 million (U.S.).
  • Purpose: To support development of the Ima project.
  • Significance: Described as validation of the strategic importance of domestic tungsten supply.
• Project Status: American Tungsten is advancing the Ima mine project in Idaho to commercial production. The project is a historic underground tungsten past-producing property on private-patented land with significant infrastructure. 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.

Notable Quotes

• "The company is committed to being as open and accessible to its investors, and has decided to reschedule the event to Monday, Nov. 24, 2025... to ensure that these widespread Internet outages do not impact this event."
• "This is a mechanical unlock and not new dilution."
• "The proceeds from this financing have been deployed directly into value-creating work programs..."
• "American Tungsten remains focused on building North America's next primary tungsten producer and delivering long-term value for all shareholders."