American Tungsten Corp. announced a C$20.02 million bought-deal private placement in which Stifel Canada, as lead underwriter and sole bookrunner, will purchase 7,150,000 units at C$2.80 per unit. Each unit includes one Class A common share and one-half of one warrant, with each whole warrant exercisable at C$3.75 for 36 months. The company also granted the underwriters an option to buy up to an additional 15% of the units, and said proceeds will support exploration and development at its IMA Mine Project and general corporate purposes. The offering is expected to close around March 18, 2026, subject to approvals and resale restrictions, and the securities will not be registered under the U.S. Securities Act absent an exemption.

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