American Tungsten's Upsized LIFE Offering: A Boon for Domestic Tungsten Production

American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) has recently announced the closing of its upsized and oversubscribed non-brokered LIFE offering of shares, raising a total of $2,361,400. 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 offering consisted of 1,475,875 common shares at a price of $1.60 per share, with gross proceeds of $2,361,400. The net proceeds will be used for property payments, property exploration, marketing, and general working capital.

The upsized offering reflects the strong market demand for American Tungsten's shares, indicating a positive sentiment towards the company's prospects and growth potential. The strategic allocation of funds will enable the company to advance its magnetite Star Project in British Columbia and the IMA Mine Project in Idaho, potentially leading to increased mineral reserves and production. This, in turn, will support the company's long-term growth plans and enhance its competitive position in the domestic tungsten market.

Recent tariffs on critical mineral imports from Canada, including tungsten, have further reinforced 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, American Tungsten's upsized LIFE offering 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.