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Demesne Resources Ltd. ( (TSE:TUNG) ) has provided an announcement.
American Tungsten Corp. has announced a strategic investment in Viking Mines Limited, subscribing for 150 million shares at AUD$0.005 per share, totaling an investment of AUD$750,000. This investment aims to strengthen American Tungsten’s U.S.-based tungsten platform, complementing its existing IMA Tungsten Mine and aligning with the company’s focus on exploration, resource growth, and future domestic supply development. Viking Mines plans to use the proceeds to acquire six tungsten projects in Nevada, enhancing its portfolio in a critical mineral-rich region.
More about Demesne Resources Ltd.
American Tungsten Corp. is a Canadian exploration company focused on high-potential tungsten and magnetite assets in North America. The company is advancing the IMA Mine Project in Idaho to commercial production, addressing critical metal scarcity in North America. The IMA Mine Project is a historic and high-quality underground tungsten past-producing property on private-patented land with significant infrastructure.
Average Trading Volume: 522,784
Technical Sentiment Signal: Buy
Current Market Cap: C$58.21M
See more data about TUNG stock on TipRanks’ Stock Analysis page.