American Tungsten (CSE:TUNG) is advancing its strategy to capitalise on the growing demand for domestic critical minerals, as it continues rehabilitation activities on the portals and adits at the IMA Mine in the US.
The advanced rehabilitation of the zero level tunnel access continues to progress, now totalling 55 feet of tunnel measured from the portal entrance. The access road has also widened and improved leading up to the zero level portal, following the removal of the legacy water tank.
American Tungsten notes it has enhanced site safety measures and accessibility with a new gate at the portal entrance and continued site clean up.
CEO Ali Haji says the team is laying the groundwork for a modern, secure, and highly productive underground operation.
“We remain committed to fast-tracking this program, and look forward to providing further updates,” Haji says.
Further, American Tungsten has granted certain directors, officers, and consultants the option to 4.09 million stock options to purchase common shares in the company, exercisable at C$1.10 per common share for a three-year period.
The IMA Mine is an advanced, readily-permittable, past-producing tungsten and molybdenum project situated in the Idaho porphyry belt on private-patented mining claims.
American Tungsten has an opportunity to restore production at a silver and molybdenum-bearing intrusion target in the favourable jurisdiction of Idaho, US.
Write to Aaliyah Rogan at Mining.com.au
Images: American Tungsten
