12:05 PM EST, 02/26/2025 (MT Newswires) -- American Tungsten Corp. ( DEMRF ) , last seen down 9%, on Wednesday said it closed a previously announced upsized and oversubscribed non-brokered private placement under the Listed Issuer Financing Exemption (LIFE).

The company issued 1.47-million shares at a price of $1.60 per share for gross proceeds of $2.36 million.

The company intends to use the net proceeds from the LIFE Offering for property payments, property exploration, marketing and for general working capital.

American Tungsten ( DEMRF ) shares were last seen down $0.14 to $1.46 on the Canadian Securities Exchange.

Price: 1.46, Change: -0.14, Percent Change: -8.75