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Vancouver, British Columbia – March 18, 2026 – Big news for American Tungsten Corp. (CSE: TUNG, OTCQB: TUNGF, FSE: RK90)! We are thrilled to announce a significant achievement that underscores strong investor confidence and paves the way for exciting new developments: the successful closing of our previously announced C$40 million bought deal financing.
This major financial injection, led by a syndicate of top-tier underwriters, is a testament to the robust potential of American Tungsten and our strategic vision. The financing involved the issuance of common shares at a compelling price, reflecting the market’s belief in our projects and future growth trajectory.
The net proceeds from this financing are earmarked to significantly accelerate the development of our key tungsten projects, fund ongoing exploration activities, and bolster our working capital for general corporate purposes. This capital infusion will empower us to expedite critical milestones, bringing us closer to realizing the full economic value of our assets and strengthening our position as a leader in the tungsten sector.
“This C$40 million financing is a game-changer for American Tungsten,” commented [Insert Fictional Name, e.g., Sarah Chen], CEO of American Tungsten Corp. “It provides us with the financial horsepower to aggressively pursue our strategic objectives, including advancing our flagship projects with renewed vigor. We are incredibly grateful for the overwhelming support from our investors, which validates our team’s hard work and the inherent value of our properties. This capital will be instrumental in driving long-term shareholder value and solidifying our leadership in the critical minerals space.”
We believe this successful financing marks a pivotal moment for American Tungsten, positioning the company for substantial growth and allowing us to execute on our ambitious plans more effectively. Stay tuned for more updates as we embark on this exciting new chapter!
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