American Tungsten Corp. Applauds U.S. Presidential Executive Order to Ensure National Security Through the Assessment of and Securing of Domestic Critical Minerals Supply Chains

Vancouver, BC, April 16, 2025 (GLOBE NEWSWIRE) -- American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) (“American Tungsten” or the “Company”) applauds U.S. President Donald Trump’s Executive Order seeking to foster a resilient national defense industrial base through the evaluation of critical metals supply chain vulnerabilities, including tungsten.

This Executive Order will initiate an investigation to determine the market dynamics for all critical metals and the effects on national security of imports of processed critical minerals and their derivative products. This investigation coincides with a previously announced Executive Order, which seeks to bolster the domestic production of critical minerals, including tungsten.

The investigative measures within the Executive Order underscore the need for the U.S. to secure domestic critical metals supply chain and, in conjunction with the U.S.’ previously announced Executive Order, are aligned with the Company’s long-term strategic plans to advance its flagship tungsten project in Idaho, U.S., the IMA Mine, and develop a secure, domestic supply chain for tungsten in the United States.

The Company has engaged with the U.S. Department of Defense (the “DoD”) and is an active member of the U.S. Defense Industrial Base Consortium (the “DIBC”). Tungsten is classified as a critical mineral by the U.S. government, owing to its use in high-strength applications such as defense, aerospace, mining, and high-performance industrial manufacturing.

“We continue to be encouraged by the U.S. Administration’s focus on developing the country’s critical metals capabilities and it’s endorsement of the sector,” said Ali Haji, CEO of American Tungsten. “As the Government continues to awaken to the potentials of its own domestic production capabilities, the American Tungsten team will continue to advance our past-producing tungsten project, the IMA Mine.”

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⁾.

ABOUT AMERICAN TUNGSTEN CORP.

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. In addition, the Company has acquired surrounding 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).