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American Tungsten boosts cash to C$51.1M, advances IMA project with new drilling and TSXV listing

Market News
04 Jun 2026
Newsfile Corp
View Source
Bullish
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American Tungsten Corp. improved its financial position with C$51.1 million in cash following a C$40 million financing round and began trading on the TSXV in May 2026. The company is actively advancing its IMA project through a 35,000-foot drilling program and evaluating tailings as a potential low-cost production source. These developments mark a shift from a restart concept to a resource-definition platform, with ongoing underground drilling, metallurgy, and permitting efforts supporting future growth. The company reported a Q1 net loss of C$5.8 million mainly due to exploration expenses but is positioned for catalyst-rich progress ahead.

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