{"id":90324,"date":"2025-02-12T12:53:07","date_gmt":"2025-02-12T12:53:07","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/american-tungsten-corp-acquires-additional-claims-surrounding-the-ima-mine-in-idaho\/"},"modified":"2025-02-12T12:53:07","modified_gmt":"2025-02-12T12:53:07","slug":"american-tungsten-corp-acquires-additional-claims-surrounding-the-ima-mine-in-idaho","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/american-tungsten-corp-acquires-additional-claims-surrounding-the-ima-mine-in-idaho\/","title":{"rendered":"American Tungsten Corp. Acquires Additional Claims Surrounding the IMA Mine in Idaho"},"content":{"rendered":"
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Vancouver, BC, Feb. 12, 2025 (GLOBE NEWSWIRE) — American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) <\/b>(\u201cAmerican Tungsten<\/b>\u201d or the \u201cCompany<\/b>\u201d) is pleased to announce that it has acquired additional mining rights at its IMA Mine Project through the staking of 113 WMO federal lode mining claims covering an area of 1,988.6 acres (804.75ha). <\/p>\n

The IMA Mine is a past producing underground tungsten mine situated on 22 patented claims located in East Central Idaho. Between 1945 and 1957, the property produced approximately 199,449 MTUs of WO3 and was subsequently explored for molybdenum and tungsten by various operators between 1960-2008(1<\/sup>)<\/sup>. <\/p>\n

\u201cI am pleased to announce that we have claimed acquired additional mineral rights, representing approximately 805ha,\u201d said Murray Nye, CEO of American Tungsten. \u201cThese additional claims reinforce our footprint in Idaho and bolster the IMA Mine\u2019s land position.\u201d<\/p>\n

ABOUT AMERICAN TUNGSTEN CORP.<\/b><\/p>\n

American Tungsten Corp. (previously Demesne Resources Inc.) is a Canadian-based company involved in the acquisition and exploration 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.<\/p>\n

Social media links:<\/p>\n

LinkedIn: https:\/\/www.linkedin.com\/company\/americantungstencorp\/<\/u><\/a><\/p>\n

X: https:\/\/x.com\/amtungsten<\/u><\/a><\/p>\n

Facebook: https:\/\/www.facebook.com\/americantungsten<\/u><\/a><\/p>\n

Instagram: https:\/\/www.instagram.com\/americantungstencorp\/<\/u><\/a><\/p>\n

YouTube: https:\/\/www.youtube.com\/@americantungstencorp<\/u><\/a><\/p>\n

ON BEHALF OF THE BOARD OF DIRECTORS:<\/b><\/p>\n

Murray Nye
\u200eCEO<\/p>\n

1055 West Georgia Street, Suite 1500
Vancouver, BC V6E 0B6
Canada<\/p>\n

For further information, please contact: <\/p>\n

Murray Nye, CEO
Email: ir@americantungstencorp.com<\/u><\/a>
Phone: +1 (416) 300-7398<\/p>\n

CSE:TUNG
OTCQB:DEMRF
FSE:RK9<\/p>\n

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.<\/i><\/p>\n

This news release includes certain statements that may be deemed \u201cforward-looking statements\u201d. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words \u201cbelieves\u201d, \u201cexpects\u201d, \u201cplans\u201d, \u201canticipates\u201d, \u201cintends\u201d, \u201cestimates\u201d, \u201cprojects\u201d, \u201cpotential\u201d and similar expressions, or that events or conditions \u201cwill\u201d, \u201cwould\u201d, \u201cmay\u201d, \u201ccould\u201d or \u201cshould\u201d 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 in this news release include statements respecting: (<\/i><\/b>i) the IMA Mine Project and the mineral prospects thereon, (ii) the Company’s performance 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<\/i><\/b>. 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 may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company\u2019s 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.<\/i><\/b><\/p>\n

Neither American Tungsten, nor its Qualified Person, has done sufficient work to verify historical drillhole information. American Tungsten is not treating the historical drillhole information as current drilling results. Historical drillhole results are believed to be substantially factual and relevant in that they demonstrate the tenor of exploration targets on the property. Drillholes may be oriented oblique to structures and may not be representative of true-width of mineralization.<\/i><\/b><\/p>\n

Technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 \u2014 Standards of Disclosure for Mineral Projects (\u201cNI-43-101\u201d). 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.<\/i><\/b><\/p>\n

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