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Demesne Resources Ltd. ( (TSE:TUNG) ) has shared an announcement.
American Tungsten Corp. has announced significant progress in its rehabilitation and drilling efforts at the IMA Mine in Idaho. The company has expanded its diamond drill program to over 10,000 feet and is accelerating operations with additional staffing and equipment. This strategic move comes as China imposes further export controls on tungsten, potentially enhancing American Tungsten’s market position as a domestic supplier of this critical mineral.
More about Demesne Resources Ltd.
American Tungsten Corp. operates in the mining industry, focusing on the extraction and development of tungsten resources. The company is engaged in the rehabilitation and exploration of the IMA Mine in Patterson, Idaho, positioning itself as a potential domestic supplier of tungsten amid global supply constraints.
Average Trading Volume: 462,376
Technical Sentiment Signal: Buy
Current Market Cap: C$69.86M
See more insights into TUNG stock on TipRanks’ Stock Analysis page.