American Tungsten continues IMA site rehabilitation

Mr. Ali Haji reports AMERICAN TUNGSTEN PROVIDES UPDATE ON SITE REHABILITATION PROGRESS AND FEDERAL ENGAGEMENT American Tungsten Corp. has provided an operational update on the continuing production readiness efforts at its IMA tungsten project, as well as its active engagement with key federal agencies. The team has made significant strides in preparing the site for safe access and restoring the existing infrastructure to support future underground mine exploration and development. Crews have leveled the portal area at the zero level of the mine, clearing out old timber and removing debris from the old mine infrastructure. The access road has been improved and safety berms established to ensure stability and safe passage of heavy equipment and manpower. The portal adit and initial underground access drift are now being rehabilitated to provide safe access to the existing underground workings. This is in preparation to carrying out further underground exploration to include at least 6,000 feet of underground diamond drilling. In addition, American Tungsten continues to remain in close co-ordination with multiple federal agencies, including 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). The company is actively working to align its strategic objectives with national resource security initiatives and critical mineral supply chain resilience. The company will be well represented at the Defense Industrial Base Consortium (DIBC) Symposium in Philadelphia, Pa., as a registered corporate member in September. "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," said Ali Haji, chief executive officer and director of American Tungsten. "This is more than a mine -- it is a strategic asset. The current administration is sending a clear message of supporting and funding tungsten projects in North America. We are extremely proud to be restoring a critical past-producing, domestic source of tungsten at a time when supply chain resilience is paramount to national interests." David Sabourin, vice-president of mining for American Tungsten, adds: "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. The zero level is located midway up the existing underground mine workings and will enable access to approximately, 50 per cent of the mine once rehabilitation has been completed." Upon reinstating safe access to the zero level, the company will ensure underground-level workings are inspected and checked for airflow, including gas emissions. The level will also be examined by competent personnel to identify any areas where there may be the potential for instability in the existing underground structures, particularly where diamond drilling work is being planned. Any areas of potential instability will either be barricaded off or resupported with modern rock support systems. Marketing agreement The company also announces that it has extended its previously announced marketing agreement with Gold Standard Media LLC (GSM), for a period of one week commencing Aug. 11, 2025, paying $145,489 (U.S.) to GSM as compensation. For details, please refer to the news releases dated Jan. 22, 2025, and Jan. 17, 2025. GSM has a business address located at 723 W University Ave., Georgetown, Tex., 78626, and its principal, Kenneth Ameduri, can be contacted at 1-512-843-1723 or [email protected]. GSM and its principals are arm's length from the company. About the IMA mine project The IMA mine is an advanced, readily permittable, past-producing tungsten-molybdenum property situated in the Idaho porphyry belt on private-patented mining claims. American Tungsten has an immediate opportunity to restore production at a strong identified silver and molybdenum-bearing intrusion target in the favourable jurisdiction of Idaho. About American Tungsten Corp. American Tungsten is a Canadian exploration company focused on high-potential tungsten and magnetite assets in North America. The company is advancing the IMA mine project in Idaho to commercial production, addressing critical metal scarcity in North America. The company's IMA mine project is a historic and high-quality underground tungsten past-producing property on private-patented land well above the water table with significant infrastructure. The company holds an exclusive option to acquire full ownership (subject to a 2-per-cent royalty) and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres. We seek Safe Harbor.