Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Demesne Resources Ltd. ( (TSE:TUNG) ) has shared an update.
American Tungsten Corp. has granted a total of 1,900,000 incentive stock options to directors and consultants, exercisable at $1.50 per share for three years, along with an additional 131,347 options to consultants at $2.58 per share for two years, with all underlying shares subject to transfer restrictions until April 19, 2026. The move aligns management and consultant incentives more closely with shareholders as the company advances its North American tungsten and magnetite exploration portfolio, notably the IMA Mine Project in Idaho, and may support talent retention and strategic execution in a critical metals market facing supply constraints.
More about Demesne Resources Ltd.
American Tungsten Corp. is a Canadian exploration company focused on high-potential tungsten and magnetite assets in North America. Its flagship IMA Mine Project in Idaho is a historic, high-quality underground past-producing tungsten property on private patented land with significant existing infrastructure, where the company holds an exclusive option to acquire full ownership, subject to a royalty, and has expanded its land package with additional federal claims covering nearly 2,000 acres.
Average Trading Volume: 522,503
Technical Sentiment Signal: Buy
Current Market Cap: C$57.01M
For a thorough assessment of TUNG stock, go to TipRanks’ Stock Analysis page.