American Tungsten Corp. has successfully closed an oversubscribed non-brokered private placement, raising C$7 million. The company issued 14 million common shares at a price of C$0.50 each, reflecting strong demand from institutional investors and insiders. The proceeds will be used to advance the development of the Ima Mine asset in Idaho, fund exploration work, make mineral property acquisitions, and support general operations. The financing underscores confidence in American Tungsten's growth strategy in the critical metals sector. CEO Ali Haji expressed gratitude for the investor support, which will help accelerate the company's plans. Additionally, finder's fees were paid, and purchase warrants were issued to certain finders involved in the offering.