Strategy and Board Appointment
American Tungsten Corp. Engages United Supply Co. to Secure
Strategic Offtake and U.S. Defense Sector Relationships Amid
Growing National Security Concerns & Announces New Board
Appointment
Vancouver, BC, March 10, 2025 – American Tungsten Corp. (CSE:TUNG)
(OTCQB:DEMRF) (FSE:RK9) (“American Tungsten ” or the “ Company”) is pleased to
announce that it has engaged United Supply Co. (“United Supply”), a specialized advisory group
focused on securing offtake agreements and stra tegic partnerships within the U.S. defense
manufacturing sector. This initiative is a direct response to increasing concerns over the domestic
supply of tungsten – a critical mineral essentia l for national defense – following China’s recent
ban on tungsten exports and the U.S. Governme nt’s policy shift towards onshoring domestic
production and supply of critical minerals.
United Supply provides strategic support for defense and defense-adjacent companies, specializing
in sales, manufacturing execution, and procurement. With over $75 million in closed defense deals,
United Supply connects buyers with mission-critical solutions and secures key contracts. United
Supply also oversees manufacturi ng operations from concept to production, ensuring efficient
execution. By integrating at any stage of a co mpany’s operations – whether providing high-level
strategy or direct execution – United Supply strengthens the resilience of domestic manufacturing
and supply chains, supporting the long-term sustainability of the U.S. defense industry.
The Company’s engagement with United Supply aligns with the latest policy direction outlined by
President Donald Trump, who reaffirmed his administration’s commitment to bolstering domestic
production of critical minerals. American Tungsten is seeking to position itself at the forefront of
this effort by advancing the development of secure, onshore tungsten sources in the United States.
Tungsten is a vital material for defense app lications, with unparalleled hardness and high-
temperature resistance, making it indispensa ble for armor-piercing ammunition, missile
components, and aerospace manufacturing. The U. S. Department of Defense and the Defense
Industrial Base Consortium, of which the Company is an active member of, classifies tungsten as
a critical mineral. Yet, the country remains heav ily reliant on imports – primarily from China,
which dominates over 80% of global supply . The recent ban on tungsten exports by China
underscores the need to establish a stable, Nort h American supply chain to safeguard national
security interests.
“We’re excited to have United Supply in our corner as we look to advance discussions and form
strategic relationships with key United States government agencies. The United States can no
longer afford to depend on foreign sources for ma terials critical to its national defense,” said
Murray Nye, CEO of American Tungsten. “China ’s recent export restrictions on tungsten are a
wake-up call, and we are taking decisive action to develop a secure domestic supply. With the
Biden administration previously prioritizing critical minerals and now President Trump doubling
down on the urgency of U.S. production, we believe the time is now to establish American tungsten
independence.”
With United Supply now engaged, the Company w ill look to accelerate discussions with U.S.-
based defense manufacturers and government stak eholders to secure long-term contracts that
support the re-shoring of tungste n production. Through advancing its tungsten project, the IMA
Mine, the Company is committed to potentially playing a leading role in ensuring that the United
States has a reliable and secure supply of this essential mineral, reducing dependency on foreign-
controlled supply chains.
The IMA Mine is a past produc ing underground tungsten mine s ituated on 22 patented claims
located in East Central Idaho. Between 1945 and 1957, the property pr oduced approximately
199,449 MTUs of WO3 and was subsequently explored for molybdenum and tungsten by various
operators between 1960-2008(1).
Board Appointment
The Company is also pleased to announce the appoi ntment of Mr. Austin Zi nsser to its Board of
Directors effective March 7, 2025. Mr. Zinsser ha s over 15 years of experience in applied
geological and environmental scie nce and mineral project developm ent. He is an Idaho licensed
Professional Geologist, holds a M.S. in Earth a nd Environmental Sciences and is a registered
member of SME.
As a mining industry professional , Mr. Zinsser has worked on dive rse interdisciplinary teams to
advance mineral projects from grass-roots exploration stages through feasibility-level engineering
phase and federal permitting. Mr. Zinsser has direct experience in resource delineation, metallurgy,
mine planning, geochemistry, mining economics and e nvironmental liability. Mr. Zinsser served
as Sr. Resource Geologist on Perpetua Resources Corp.’s (NASDAQ:PPTA) (TSX:PPTA) Stibnite
Gold Project, and has worked on other critical mineral projects in the western U.S. as an
independent geological consulta nt. Mr. Zinsser also serves on the Idaho State Board of
Professional Geologists.
Murray Nye, CEO of American Tungsten, said, “We are very excited to have Austin join our Board
of Directors. As American Tungsten’s Vice President, Exploration, his on-the-ground experience
has and will provide our Board with valuable insights as we look to advance the IMA Mine.
Additionally, his prior success at Perpetua Resources and his proven expertise in project
development and exploration make him an invaluable addition to our Board.”
Austin Zinsser said “I am pleased to serve on the board of Americ an Tungsten Corporation.
Socially and environmentally responsible domesti c production of critical minerals and materials
1 Bradley Mining Company, 1958; Summarized Information on IMA Mine, Lemhi Co, Patterson, Idaho. Company Report, 6p.
is vital to economic and security objectives of th e U.S. I look forward to working with the Board
to advance the IMA Mine towards a production decision.”
ABOUT AMERICAN TUNGSTEN CORP.
American Tungsten Corp. (previously Demesne Re sources Inc.) is a Ca nadian-based company
involved in the acquisition and e xploration of magnetite mineral properties. The Company's Star
Project consists of five contiguous mineral titles covering an area of approximately 4,615.75
hectares located in the Skeena Mining Division, British Columbia, Canada. The Company has
entered into an option agreement pursuant to which it is entitled to earn an undivided 100% interest
in the Star Project. American Tungsten has also entered into an option agreement, pursuant to
which it can acquire a 100% interest (subject to a 2% royalty) in and to the IMA Mine Project, a
past producing underground tungsten mine situated on 22 patented claims located in East Central,
Idaho, United States. In addition, the Company has acquired surrounding mining rights at its IMA
Mine Project through the staking of 113 WMO federa l lode mining claims co vering an area of
1,988.6 acres (804.75ha).
Social media links:
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Facebook: https://www.facebook.com/americantungstencorp/
Instagram: https://www.instagram.com/americantungstencorp/
YouTube: https://www.youtube.com/@americantungstencorp
ON BEHALF OF THE BOARD OF DIRECTORS:
Murray Nye
CEO
1055 West Georgia Street, Suite 1500
Vancouver, BC V6E 0B6
Canada
For further information, please contact:
Murray Nye, CEO
Email: [email protected]
Phone: +1 (416) 300-7398
CSE:TUNG
OTCQB:DEMRF
FSE:RK9
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of
this release and has neither approved nor disapproved the contents of this press release.
This news release includes certain statem ents that may be deemed “forward-looking
statements”. All statements in this news release, other than statements of historical facts, that
address events or developments that the Com pany expects to occur, are forward-looking
statements. Forward-looking stat ements are statements that ar e not historical facts and are
generally, but not always, identified by the words “believes”, “expects”, “plans”, “anticipates”,
“intends”, “estimates”, “projects”, “potential” an d similar expressions, or that events or
conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes
the expectations expressed in such forward- looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results may
differ materially from those in the forward-look ing statements. Forward looking statements in
this news release include statements respectin g: (i) the IMA Mine Project and the mineral
prospects thereon, (ii) the Company's perfor mance of its obligations under the Option
Agreement, and the exercise of the option thereunder, and (iii) the Company's planned activities
on the IMA Mine Project. Factors that could cause the actual results to differ materially from
those in forward-looking statements include the receipt of regulatory approvals, market prices,
continued availability of capital and financing, and general economic, market or business
conditions. Investors are cautioned that any such statements are not guarantees of future
performance and actual results or developments ma y differ materially from those projected in
the forward-looking statements. Forward-looking statements are based on the beliefs, estimates
and opinions of the Company’s management on the date the statements are made. Except as
required by applicable securiti es laws, the Company undertakes no obligation to update these
forward-looking statements in the event that management's beli efs, estimates or opinions, or
other factors, should change.
Technical information in this news release has been prepared in accordance with Canadian
regulatory requirements set out in National In strument 43-101 — Standards of Disclosure for
Mineral Projects (“NI-43-101”). Austin Zinsser, P.G., SME-RM, Vice President, Exploration
for the Company, and a Qualified Person as defined by NI-43-101, has reviewed and approved
the scientific and technical information in this Presentation.