American Tungsten Corp. Gains Access to U.S. Defense Industrial Base Consortium
Vancouver, BC, March 04, 2025 – American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) (“American Tungsten” or the “Company”) is thrilled to share that it has been granted approval to join the U.S. Defense Industrial Base Consortium (DIBC) managed by Advanced Technology International (ATI) on behalf of the U.S. Department of Defense (DoD).
What is the U.S. Defense Industrial Base Consortium?
The DIBC is an essential initiative aimed at expanding and diversifying the defense industrial base in the United States. This consortium enables private-sector businesses to collaborate with the U.S. Government in addressing defense requirements. By providing non-dilutive financing, the DoD can access commercial solutions more effectively, streamlining the procurement process and fostering innovation.
Benefits for American Tungsten
As a member of the DIBC, American Tungsten will have the opportunity to work directly with the U.S. Government to develop innovative solutions for defense applications. The consortium’s non-dilutive financing will support the Company’s research and development efforts, allowing it to expand its product offerings and potentially secure key contracts.
Impact on the Industry
The approval of American Tungsten’s application to the DIBC signifies the potential for increased collaboration between the private sector and the U.S. Government. This partnership can lead to the development of advanced technologies, improved efficiency, and cost savings for defense projects. Furthermore, the consortium’s focus on non-dilutive financing can help smaller businesses gain a foothold in the defense industry, fostering competition and innovation.
Effect on Consumers and the World
The collaboration between American Tungsten and the U.S. Government through the DIBC can result in several benefits for consumers and the world at large. First, the development of new and innovative defense technologies can lead to advancements that improve safety and security for people around the globe. Additionally, the increased competition and innovation within the defense industry can result in more cost-effective solutions, reducing the financial burden on governments and taxpayers.
Conclusion
American Tungsten Corp.’s acceptance into the U.S. Defense Industrial Base Consortium is an important milestone for the Company. This partnership will provide opportunities for research and development, potential access to key contracts, and collaboration with the U.S. Government. The impact of this initiative extends beyond American Tungsten, as it fosters innovation, competition, and cost savings in the defense industry. The ultimate beneficiaries will be consumers and the global community, as the development of advanced defense technologies can lead to improved safety and security for all.
- American Tungsten gains access to U.S. Government contracts and funding opportunities
- Collaboration between private sector and U.S. Government fosters innovation in defense industry
- Increased competition and cost savings through non-dilutive financing
- Advancements in defense technologies lead to improved safety and security for consumers worldwide
