American Tungsten continues IMA site rehabilitation

Executive Summary

• American Tungsten Corp. provided an operational update on the rehabilitation progress at its IMA tungsten project in Idaho, focusing on preparing the site for safe access and future underground exploration.
• The company is actively engaging with multiple federal agencies (including DOD, DOE, and DLA) to align its strategic objectives with national resource security and critical mineral supply chain resilience.
• The company announced the extension of its marketing agreement with Gold Standard Media LLC for one week, including specific compensation details.

Key Details

• Site Rehabilitation Progress:
  • Crews have leveled the portal area at the zero level of the mine, clearing old timber and removing debris from existing infrastructure.
  • The access road has been improved, and safety berms have been established for heavy equipment and manpower.
  • The portal adit and initial underground access drift are currently being rehabilitated to provide safe access to existing underground workings.
  • Rehabilitation of the zero level (located midway up the existing underground workings) will enable access to approximately 50% of the mine once completed.
• Exploration Plans:
  • The rehabilitation efforts are in preparation for further underground exploration, which includes at least 6,000 feet of underground diamond drilling.
  • Upon reinstating safe access, the company will inspect underground-level workings for airflow and gas emissions.
  • Competent personnel will examine the area for potential instability in existing structures, particularly where diamond drilling is planned; unstable areas will be barricaded or resupported with modern rock support systems.
• Federal Engagement:
  • The company is coordinating with the Department of Defense (DOD), Department of Energy (DOE), Defense Logistics Agency (DLA), DARPA-E, Export-Import Bank (EXIM), and the Industrial Base Policy (IBP).
  • American Tungsten will be represented at the Defense Industrial Base Consortium (DIBC) Symposium in Philadelphia, Pa., as a registered corporate member in September.
• Marketing Agreement Extension:
  • The company extended its marketing agreement with Gold Standard Media LLC (GSM) for a period of one week commencing August 11, 2025.
  • Compensation paid to GSM is $145,489 (U.S.).
  • GSM is an arm's length party from the company.

Notable Quotes

• Ali Haji, CEO: "American Tungsten is rapidly advancing the next phase of its IMA mine project rehabilitation strategy that ensures a path to near-term, first-mover profitable production supported by our superior-tungsten-grade, silver and molybdenum credits, while ensuring alignment with national security priorities... This is more than a mine -- it is a strategic asset."
• David Sabourin, VP of Mining: "Our mine contractor is making great progress on rehabilitating access back into the underground workings of the zero level of the Ima mine. This will allow safe inspection of the underground workings and subsequently inspection of the upper levels of the mine to determine the current status of the mine infrastructure and the early identification of areas where production mining can potentially recommence."