Strategic Advancements in IMA Mine Rehabilitation and Exploration Program
American Tungsten Announces Strategic Advancements in IMA Mine
Rehabilitation and Exploration Program
Vancouver, BC, July 30, 2025 – American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF)
(FSE:RK9) (“American Tungsten” or the “Company”) is pleased to provide a corporate update
on its ongoing efforts to reha bilitate the historic IMA Mine in Patterson, Idaho and advance its
expanded drilling programme. This programme is a critical step toward unlocking long-term value
and reinforcing the Company’s position to play a vital role in ore supply of tungsten in North
America for defense, industrial and technology applications.
“As global demand for secure critical metals inte nsifies, American Tungsten continues to build
strategic momentum, reinforcing its role as a cornerstone of North America's tungsten supply
chain. The Company’s dual approach—revitalizi ng a historically rich asset while defining a
maiden resource, positions American Tungste n at the forefront of sustainable resource
advancement. Following several months of detailed environm ental assessment, engineering
design, and community engagement, American T ungsten is entering the next phase of its IMA
Mine rehabilitation strategy. With a full y-funded programme, the Company has secured
preliminary approval for its site remediation plan, which focuses on restoring the existing
infrastructure to support future production goals,” said Ali Haji, CEO of American Tungsten Corp.
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IMA Mine Project entering next phase of rehabilitation strategy
About the IMA Mine Project:
The IMA Mine is an advanced, readily permittable, past producing tungsten-molybdenum property
situated in the Idaho porphyry belt and located on patented mining claims. American Tungsten has
an immediate opportunity to ad vance strong identifi ed molybdenum-bearing intrusion targets
located below historic tungsten production area through step-out drilling program.
The IMA mine is a past-producing underground t ungsten mine situated on 22 patented claims
located in east central Idaho. Between 1945 and 1957, the property produced approximately
199,449 metric ton units of tungst en trioxide (WO3). It was subsequently explored for
molybdenum and tungsten by various operators between 1960 and 2008.
The mine was last in production in 1957 with significant underground rehabilitation and
development conducted on the zero level by Midwest Oil and Inspiration Development Co. in the
1960s and late 1970s, including development of new drifts around unstable areas and construction
of underground drill stations. Current rehabilita tion efforts aim to re-establish safe access to
previously rehabilitated areas and underground drill stations.
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American Tungsten has contracted Rockhead Consulting LLC to perform initial underground
rehabilitation of the mine. Rockhead Consulting is an established underground mining contractor
based in Sheridan, Montana, with over 40 year s experience and an emphasis on safety and
productivity. Rockhead provides a wide range of mine development services including engineering
and construction of tunnels, decl ines, raises, shaft rehabilitati on and de-watering projects of
various sizes and complexity.
Key Strategic Priorities
IMA Mine Rehabilitation Underway:
Site remediation commenced, focused on restoration and long-term sustainability;
Work on the IMA project will begi n with rehabilitation of the zero level drift to assess
condition of underground infrastructure, estab lish access to underground drill stations on
the zero level, and inform access to the upper D level for underground exploration drilling;
Continue assessment of existing portals in collaboration with mining engineers to
determine rehabilitation needs; and
Finalize development plan and scope of work including necessary rehabilitation
upgrades, confirmatory infill drilling, and metallurgical testing.
Define IMA Mine Resources:
Complete exploratory drilling to expand tungsten resources and assess underlying
molybdenum porphyry system;
Over 6,000 feet of underground diamond drilling planned in Q3-2025 across geological
targets to bolster American Tungsten’s long-term supply capabilities by enhancing
resource definition;
Compile and validate historical information;
Define and finalize scope of work to complete a mineral resource estimate in Q3-2025;
and
Digitize historical drilling records, assay data / production volumes, and construct digital
geological models.
Foster and Secure Key Strategic & Financial Partnerships:
▪ Continue discussions to secure key strategic partnerships and non-dilutive financing with
the U.S. Department of Defense and U.S. Department of Energy;
▪ Expand shareholder base and introduce new long-term, growth-oriented capital partners
to reinforce financial sustainability and future expansion; and
▪ Received conditional approval for listing on the TSX Venture Exchange, marking a
significant advancement for the Company and reflecting its continued corporate growth
and aligning with the strategic development of our tungsten asset.
ABOUT AMERICAN TUNGSTEN CORP.
American Tungsten Corp. is a Canadian exploration company focused on high-potential tungsten
and magnetite assets in North America. The Company is advancing the Ima Mine Project in Idaho
to commercial production, addressi ng critical metal sc arcity in North America. The Company’s
Ima Mine Project is a historic and high-qua lity underground tungsten past-producing property,
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where the Company holds an exclusive option to acquire full ownership (subject to a 2% royalty)
and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres.
Social media links:
LinkedIn: https://www.linkedin.com/company/americantungstencorp/
X: https://x.com/amtungsten
Facebook: https://www.facebook.com/americantungstencorp/
Instagram: https://www.instagram.com/americantungstencorp/
YouTube: https://www.youtube.com/@americantungstencorp
For further information, please contact:
Investor Relations
Email: [email protected]
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-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 securities laws, the Company undertakes
no obligation to update these forward-looking statements in the event that management's
beliefs, 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 news release.