Curated News
By: NewsRamp Editorial Staff
August 20, 2025
American Tungsten Advances Critical Mineral Projects Amid Supply Crunch
TLDR
- American Tungsten Corp's strategic positioning amid China's export ban offers investors early access to domestic tungsten supply for defense and tech sectors.
- American Tungsten Corp increased assets to C$2.36M through private placements while funding exploration and mine rehabilitation for resource estimation.
- American Tungsten Corp's domestic tungsten production supports national security and sustainable technology manufacturing with reduced environmental risk.
- The IMA Mine produced 198,000 units of tungsten historically and contains a molybdenum porphyry system being tested through drilling.
Impact - Why it Matters
This development matters because tungsten is a critical mineral essential for national security, technology, and green energy transition, with applications in defense systems, semiconductors, and electric vehicles. China's recent export ban has created supply chain vulnerabilities, making domestic production strategically important. American Tungsten's progress in Idaho could reduce U.S. reliance on foreign sources, enhance supply chain resilience, and support economic and technological sovereignty. For investors, it represents exposure to a high-demand sector with government backing potential.
Summary
Stonegate Capital Partners has initiated coverage on American Tungsten Corp. (CSE: TUNG), highlighting the company's aggressive ramp-up following its rebranding and recent financial developments. Despite reporting a net loss of C$1.87M in Q1 2025 compared to C$63.7K in the same period last year, the company has strengthened its financial position with total assets rising to C$2.36M and shareholders' equity more than doubling to C$2.04M. This growth was fueled by a successful C$7.0M upsized private placement in July 2025, reflecting strong institutional and insider demand, while the company remains debt-free, providing flexibility for ongoing exploration activities.
The core focus remains on advancing the flagship IMA Mine project in Idaho, a past-producing tungsten-molybdenum asset with extensive historical development and infrastructure. The company has commenced rehabilitation work, contracting Rockhead Consulting to reestablish underground access and drill stations, with over 6,000 feet of drilling planned to support a maiden resource estimate. Recent assays and legacy intercepts show promising results, including 0.82% WO₃ over 30 ft and 475 ft at 0.247% MoS₂. Additionally, the Star Project in British Columbia enhances the portfolio with a large skarn-hosted iron target identified through airborne magnetic surveys.
Amid China's 2024 export ban on tungsten and tightening global supply, American Tungsten is strategically positioned to become a domestic supplier of this critical metal essential for defense, semiconductors, and electric vehicles. The company's location in Idaho offers advantages like low-cost power, water access, and skilled labor, reducing development risks. Management is also exploring non-dilutive funding opportunities through U.S. government agencies, aligning with national critical mineral initiatives, while recent corporate updates include key appointments and conditional approval for listing on the TSX Venture Exchange.
Source Statement
This curated news summary relied on content disributed by Reportable. Read the original source here, American Tungsten Advances Critical Mineral Projects Amid Supply Crunch
