American Tungsten Upsizes LIFE Offering: A Strategic Move for Domestic Tungsten Production

American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) has announced an upsized non-brokered LIFE offering of shares, increasing the size from $2,000,000 to up to $2,500,000. This strategic move aligns with the company's long-term growth plans and positions it to capitalize on the growing demand for domestic tungsten production.

The upsized offering consists of up to 1,562,500 common shares at a price of $1.60 per share, with gross proceeds of up to $2,500,000. The proceeds will be used for property payments, property exploration, marketing, and general working capital. This allocation of funds will enable American Tungsten to advance its magnetite Star Project in British Columbia and the IMA Mine Project in Idaho, potentially leading to increased mineral reserves and production.

The strategic reasons behind the increase in the size of the LIFE offering can be attributed to the significant market demand for American Tungsten's shares. This upsized offering demonstrates the strong investor interest in the company's prospects and its commitment to domestic tungsten production. By raising more capital, American Tungsten can invest in its projects, secure a stable domestic supply of critical minerals, and support national security and economic growth.

The recent tariffs affecting critical mineral imports from Canada further reinforce the value of American Tungsten's assets. As Canadian and other foreign suppliers face cost disadvantages, the company is well-positioned to meet the growing demand for reliable, tariff-free tungsten supplies. This increased demand will not only contribute to job creation and local economic growth in the state of Idaho but also support the company's long-term growth plans.

In conclusion, the upsized LIFE offering by American Tungsten is a strategic move that aligns with the company's long-term growth plans. By raising more capital, the company can invest in its projects, secure a stable domestic supply of critical minerals, and support national security and economic growth. The strong market demand for the company's shares and the recent tariffs on critical mineral imports from Canada further reinforce the value of American Tungsten's assets and its commitment to domestic tungsten production.