09:10 AM EDT, 03/17/2025 (MT Newswires) -- American Tungsten ( DEMRF ) said Monday it will launch a normal course issuer bid (NCIB) to buy back up to 500,000 of its common shares, or 2% of its issued and outstanding common stock.

The NCIB will run over a 12-month period starting March 24. The company said it will fund the share purchases under the NCIB with cash on hand.

American Tungsten's ( DEMRF ) share price rose 1.5% on Friday to $0.985 on the CSE.