08:29 AM EST, 02/25/2025 (MT Newswires) -- American Tungsten ( DEMRF ) on Tuesday reaffirmed its commitment to strengthen the tungsten supply in the U.S. amid threats by U.S. President Donald Trump to impose tariffs on Canada and Mexico.

The company's assets include an option to acquire the past-producing IMA tungsten mine in Idaho.

"We recognize the potential impacts these tariffs may have on our industry and our stakeholders," CEO Murray Nye said. "However, as one of the few U.S.-based tungsten miners, we believe this recent development underscores the importance of domestic production to mitigate supply chain disruptions and reduce reliance on foreign imports."

Classified as a critical mineral by the U.S. government, tungsten is used in high-strength applications such as defense, aerospace, and high-performance manufacturing, the company said.

American Tungsten ( DEMRF ) rose 3.1% on Monday to $1.66 on the CSE.