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  • American Tungsten to expedite IMA’s development
  • 04 November 2025
WRITTEN BY Aaliyah Rogan

American Tungsten to expedite IMA’s development

American Tungsten (CSE:TUNG) CEO Ali Haji says the company is poised to expedite development at the IMA Mine in the US, after completing tranche two of a non-brokered private placement. 

Tranche two raised C$1.18 million ($1.28 million) from the sale of 461,000 common shares at C$2.58 per share. 

During October 2025, the company completed tranche one of the private placement which raised C$16.8 million. 

Haji says the second tranche underscores the continued confidence from investors who recognise tungsten’s vital role in building resilient, secure supply chains. 

The funds will be used for general and administrative expenses, including working capital purposes. 

American Tungsten is a Canadian explorer focused on tungsten and magnetite assets in North America. 

Write to Aaliyah Rogan at Mining.com.au   

Images: American Tungsten 
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Written By Aaliyah Rogan
Originally from New Zealand, Aaliyah brings several years of experience covering the resources sector, with a focus on companies, commodities and global mining markets. Her reporting has spanned European markets and the evolving global mining landscape, with a focus on the stories and market forces driving change across the sector.

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