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Demesne Resources Ltd. ( (TSE:TUNG) ) has provided an update.
American Tungsten Corp. has received a letter of interest from the U.S. Export-Import Bank for a potential $25.5 million loan to fund the development of its IMA Tungsten Mine in Idaho. This initiative aims to establish a domestic tungsten supply chain in the U.S., reducing reliance on imports, particularly from China, and supporting national security interests by providing a critical mineral for defense applications.
More about Demesne Resources Ltd.
American Tungsten Corp. is a Canadian exploration company focusing on high-potential tungsten and magnetite assets in North America. The company is advancing the IMA Mine Project in Idaho to address critical metal scarcity, with significant infrastructure and an exclusive option to acquire full ownership of the property.
Average Trading Volume: 465,012
Technical Sentiment Signal: Buy
Current Market Cap: C$69.86M
See more data about TUNG stock on TipRanks’ Stock Analysis page.