09:13 AM EDT, 07/30/2025 (MT Newswires) -- American Tungsten ( DEMRF ) on Wednesday said it is entering the next phase of its rehabilitation strategy for the IMA Mine located in Patterson, Idaho.

"With a fully-funded programme, the company has secured preliminary approval for its site remediation plan, which focuses on restoring the existing infrastructure to support future production goals," said American Tungsten ( DEMRF ) Chief Executive Ali Haji.

Work on the IMA project will start with rehabilitation of the zero level drift to assess condition of underground infrastructure, establish access to underground drill stations on the zero level, and inform access to the upper D level for underground exploration drilling. It will continue assessment of existing portals in collaboration with mining engineers to determine rehabilitation needs and finalize development plan and scope of work including necessary rehabilitation upgrades, confirmatory infill drilling, and metallurgical testing.

The company has contracted Rockhead Consulting to perform initial underground rehabilitation of the mine. It said it will continue discussions to secure key strategic partnerships and non-dilutive financing with the U.S. Department of Defense and U.S. Department of Energy.

Shares of the company closed up 2.7% to $0.77 on Tuesday on the Canadian Securities Exchange.