American Tungsten Seeks $10M in Private Placement at $3.50 per Share

American Tungsten aims to raise $10 million in a private placement at $3.50 per share to bolster its operations in the United States, signaling confidence in the metal market.

• American Tungsten, a privately held company, plans to issue up to 2.86 million common shares at $3.50 per share to raise $10 million.
• The private placement will utilize the Listed Issuer Financing Exemption as per National Instrument 45-106, allowing immediate trade of securities without a hold period.
• Approval from the Canadian Securities Exchange is required for the offering, which underscores American Tungstens strategic focus on expanding its tungsten operations in the United States.