Applauds U.S. Executive Order Securing Critical Minerals
American Tungsten Corp. Applauds U.S. Presidential Executive
Order to Ensure National Security Through the Assessment of and
Securing of Domestic Critical Minerals Supply Chains
Vancouver, BC, April 16, 2025 – American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF)
(FSE:RK9) (“American Tungsten ” or the “ Company”) applauds U.S. President Donald
Trump’s Executive Order seeking to foster a resilient national defense industrial base through the
evaluation of critical metals supply chain vulnerabilities, including tungsten.
This Executive Order will initiate an investigation to determine the market dynamics for all critical
metals and the effects on national security of imports of processed critical minerals and their
derivative products. This inve stigation coincides with a previously announced Executive Order ,
which seeks to bolster the domestic production of critical minerals, including tungsten.
The investigative measures within the Executive Order underscore the need for the U.S. to secure
domestic critical metals supply chain and, in conjunction with the U.S. ’ previously announced
Executive Order, are aligned with the Company’s long-term strategic plans to advance its flagship
tungsten project in Idaho, U.S., the IMA Mine, and develop a secure, do mestic supply chain for
tungsten in the United States.
The Company has engaged with the U.S. Department of Defense (the “ DoD”) and is an active
member of the U.S. Defense Industrial Base Consortium (the “ DIBC”). Tungsten is classified as
a critical mineral by the U.S. government, owing to its use in high-strength applications such as
defense, aerospace, mining, and high-performance industrial manufacturing.
“We continue to be encouraged by the U.S. Ad ministration’s focus on developing the country’s
critical metals capabili ties and it’s endorsement of the sector,” said Al i Haji, CEO of American
Tungsten. “As the Government continues to awaken to the potentials of its own domestic
production capabilities, the American Tungsten team will continue to advance our past-producing
tungsten project, the IMA Mine.”
The IMA Mine is a past produci ng underground tungsten mine situ ated 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).
ABOUT AMERICAN TUNGSTEN CORP.
1 Bradley Mining Company, 1958; Summarized Information on IMA Mine, Lemhi Co, Patterson, Idaho. Company Report, 6p.
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).
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ON BEHALF OF THE BOARD OF DIRECTORS:
Ali Haji
Chief Executive Officer
1055 West Georgia Street, Suite 1500
Vancouver, BC V6E 0B6
Canada
For further information, please contact:
Ali Haji, Chief Executive Officer
Email: [email protected]
Phone: +1 (647) 871-4571
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.