American Tungsten Corrects Warrant Terms on Upsized $34.8 Million Financing

Demesne Resources Ltd. ( (TSE:TUNG) ) has shared an update.

American Tungsten Corp. has corrected the terms of its upsized bought-deal financing, clarifying that each C$2.80 unit in its roughly C$34.8 million private placement will comprise one common share and one-half of a common share purchase warrant, rather than a full warrant, with each whole warrant exercisable at C$3.75 for 36 months. Proceeds from the offering, which is expected to close around March 18, 2026 subject to regulatory approvals and a four-month hold period, will fund exploration and development at the IMA Mine Project in Idaho as well as working capital, underpinning the company’s push to advance its flagship tungsten asset and strengthen its position in the critical metals supply chain.

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 its historic IMA Mine Project in Idaho toward commercial production, aiming to help address critical metal scarcity through a past-producing underground tungsten property with significant infrastructure and an expanded land package of nearly 2,000 acres under option.

Average Trading Volume: 311,364

Technical Sentiment Signal: Buy

Current Market Cap: C$150.1M

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