American Tungsten Corp. Announces Potential Partnership with Contact Mining for Tungsten Processing
Vancouver, BC, February 18, 2025 – American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) (“American Tungsten” or the “Company”), a leading tungsten exploration and mining company, is thrilled to share that it has entered into a non-binding letter of availability (the “LOA”) with Contact Mining Company (“Contact Mining”) for the potential processing and milling of American Tungsten’s tungsten mineralized material at Contact Mill in Philipsburg, Montana.
About Contact Mill
Contact Mill, owned and operated by Contact Mining, boasts a 1,000 ton per day milling capacity. This mill is well-equipped with a Knelson Gravity Concentrator, an essential piece of equipment for minerals that respond to gravity separation, such as scheelite and hubnerite – tungsten bearing phases characteristic of IMA Mine mineralization. The mill’s advanced technology and expertise will provide American Tungsten with a cost-effective and efficient solution for processing its tungsten mineralized material.
Benefits for American Tungsten
This potential partnership between American Tungsten and Contact Mining comes as a strategic move to further the Company’s growth. By utilizing Contact Mill’s capabilities, American Tungsten aims to:
- Increase its production capacity
- Lower its processing costs
- Improve the quality of its tungsten concentrate
- Shorten its time to market
Global Impact
Beyond American Tungsten’s immediate benefits, this partnership could have a significant impact on the global tungsten market. Tungsten is a critical component in various industries, including:
- Aerospace
- Automotive
- Electronics
- Mining and construction equipment
- Medical devices
An increased supply of high-quality tungsten concentrate, as a result of this potential partnership, could lead to:
- Price stabilization
- Improved product reliability
- Reduced dependence on foreign sources
Conclusion
American Tungsten’s potential partnership with Contact Mining represents a significant step forward in the Company’s mission to become a leading tungsten producer. The strategic alliance could result in increased production capacity, lower processing costs, improved concentrate quality, and shorter time to market. Furthermore, the potential global impact of this partnership could lead to price stabilization, improved product reliability, and reduced dependence on foreign sources in the tungsten market. American Tungsten will continue to update its stakeholders on any developments related to this potential partnership.
For more information about American Tungsten Corp., please visit www.american-tungsten.com.
