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Financings

Stonegate Capital Partners Updates Coverage on American Tungsten Corp. (TUNG) 2025 Q3

By The Northwire Desk — AI Analysis Feb 17, 2026 · 17:06 TUNG · 2.37 American Tungsten Corp
TUNG · Price

Executive Summary

  • Stonegate Capital Partners reports that American Tungsten Corp. completed an upsized C$7.0 million private placement in July 2025 (14.0 M shares issued), strengthening its balance sheet for accelerated field execution.
  • The company disclosed a Letter of Interest from the U.S. Export‑Import Bank (EXIM) for up to US$25.5 million to support development of the IMA Project, indicating potential non‑dilutive or structured financing.
  • Drilling continues at the IMA Mine Project, with a full technical analysis expected later this year.

Key Details

  • Private Placement (July 2025): C$7.0 million raised; 14.0 M shares issued; proceeds used to bolster balance sheet and fund accelerated field work.
  • Restriction Expiry: Upcoming expiry of placement‑share restrictions is a mechanical unlock, not additional dilution.
  • EXIM Letter of Interest: Up to US$25.5 million pledged by the Export‑Import Bank of the United States to support IMA Project development; may be structured as non‑dilutive financing.
  • IMA Mine Drilling: Ongoing drilling program delivering high‑grade results; full technical report slated for release later in 2026.
  • Strategic Validation: EXIM interest viewed as validation of the strategic importance of domestic tungsten supply.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

More from American Tungsten Corp

Oct 29, 2026 · 07:02

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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