American Tungsten Corp. · TSXV:TUNG
American Tungsten — Investor Presentation (January 2025)
30 slides from American Tungsten's investor presentation, January 2025
Slide 1: Building America’s Defense Critical Metals Supply
Building America’s Defense Critical Metals Supply January 2025 Investor Presentation
Slide 2: Disclaimers
ADVISORIES Disclaimers This corporate presentation and the information contained herein (the Offered Securities will not be sold until a subscriber therefor has executed and the acquisition of the IMA Mine Project; the completion of the Offering on the terms “Presentation”) is proprietary and for au
Slide 3: Disclaimers (Cont’d)
ADVISORIES Disclaimers (Cont’d) Forward-Looking Statements (Cont’d) Accordingly, readers should not place undue reliance on forward-looking in this Presentation, or analyzed or verified the underlying market, economic and statements due to the inherent uncertainty therein. All forward-looking statem
Slide 4: Executive Summary
Executive Summary Overview of American Tungsten Ltd.
Slide 5: Investment Highlights
EXECUTIVE SUMMARY Investment Highlights Building America’s Defense Critical Metals Supply ▪ American Tungsten is focused on bringing onshore tungsten mining and production capabilities to the United States Onshoring a ▪ The majority of tungsten supply is controlled by China, and is a necessary compo
Slide 6: Bringing Tungsten Supply to America
AMERICAN TUNGSTEN AT-A-GLANCE Bringing Tungsten Supply to America Star Project Asset Class: Canadian company focused on bringing critical Iron metals supply into production in the United States 5 contiguous mineral titles ▪ With no domestic producers of tungsten in the U.S., American Tungsten is cov
Slide 7: Key Strategic Priorities
AMERICAN TUNGSTEN AT-A-GLANCE Key Strategic Priorities Focus on Bringing Key Assets Into Production & Maximizing Shareholder Returns Near-Term Objectives Medium-Term Objectives Update & Define IMA Commence Additional Foster & Secure Key Strategic & Financial Mine Resources And Drilling & Exploration
Slide 8: The Tungsten Opportunity
The Tungsten Opportunity Strong Fundamentals & Demand
Slide 9: The Defense Sector Opportunity
THE TUNGSTEN OPPORTUNITY The Defense Sector Opportunity Critical Metals List By Supplying North America’s National Security Capabilities Country Tungsten’s Critical Metal Status Why Tungsten Is Important to Defense Aluminum Antimony ▪ Due to Tungsten’s role in important defense & military ▪ Tungsten
Slide 10: Demand & Supply Outlook
THE TUNGSTEN OPPORTUNITY Demand & Supply Outlook A Reliance on Foreign Tungsten Supply Represents a Major Domestic Security Vulnerability A Metal In Short Supply in North America… … Amidst a Backdrop of Growing Demand & Strategic Vulnerabilities Global Tungsten Reserves & Production Are Largely The
Slide 11: The IMA Mine Project
The IMA Mine Project Tungsten Exploration Asset Overview
Slide 12: The IMA Mine Project At-A-Glance
THE IMA MINE PROJECT The IMA Mine Project At-A-Glance Legacy Asset With Historical Tungsten Production & Optionality to Explore for Significant Molybdenum Geographical Overview A De-Risked, Brownfield Tungsten-Molybdenum Project IMA Mine Project Idaho, United States ▪ Advanced, past producing tungst
Slide 13: History of The IMA Mine Project
THE IMA MINE PROJECT History of The IMA Mine Project Legacy Asset With Historical Exploration, Development, and Production Work Completed IMA Mine begins operations as a silver mine In 1979, Inspiration Development (a subsidiary of Anglo American) explored the 47 1881-1934 1979-1982 mine for tungste
Slide 14: The IMA Mine Project Mineralization
THE IMA MINE PROJECT The IMA Mine Project Mineralization Climax-Type Molybdenum Porphyry System Tungsten ▪ Tungsten bearing quartz veins with hubnerite, scheelite, tetrahedrite, galena, sphalerite, and Approximate location chalcopyrite of historic resource ▪ Veins occur within metasediments along an
Slide 15: IMA Historical Resources and Reserves
THE IMA MINE PROJECT IMA Historical Resources and Reserves These historical resource estimates pre-date the implementation of NI 43-101 and do not use categories stipulated by CIM. Prior operators assigned confidence categories which differ from those stipulated by CIM, as they may not have demonstr
Slide 16: Overview of Key Acquisition Terms
THE IMA MINE PROJECT Overview of Key Acquisition Terms 8-Year Option Agreement for 100% Interest In the IMA Mine Project Summary of IMA Mine Project Option Cash Payments US$ @ Close $100,000 @ 6-Month $50,000 @ 1-Year $100,000 @ 2-Year $130,000 @ 3-Year $150,000 @ 4-Year $250,000 @ 5-Year $250,000 @
Slide 17: Potential For Near Term Underground Development Of Tungsten Mineralization
THE IMA MINE PROJECT Potential For Near Term Underground Development Of Tungsten Mineralization Building America’s First Tungsten Mine 01 02 03 Favourable Jurisdiction Strong Historical Work & Data Access to Quality Resources ▪ Property is located on patented ▪ Vein systems are accessible ▪ Local co
Slide 18: The Star Project
The Star Project Iron Exploration Asset Overview
Slide 19: The Star Project At-A-Glance
THE STAR PROJECT The Star Project At-A-Glance Skarn-Hosted Iron Deposit Project Geographical Overview An Iron-Ore Play In The Prolific Skeena Mining Division Star Project ▪ The Star Project is located in the northwest part of British Columbia, Canada, ~30km southwest of the city of Skeena, British C
Slide 20: Management Team & Board of Directors
Management Team & Board of Directors World-Class Mining & Capital Markets Expertise & Experience
Slide 21: Senior Leadership Team
MANAGEMENT TEAM & BOARD OF DIRECTORS Senior Leadership Team Assembling A Strong Junior Mining Team With Strong Experience & Governance Capabilities Management Team Board of Directors Murray Nye Mr. Nye brings +20 years of experience as a director and officer Adam Virani Mr. Virani is the founder and
Slide 22: Financial Information
Financial Information Comparable Companies & Capitalization
Slide 23: Comparable Companies Analysis
CAPITALIZATION & FINANCIALS Comparable Companies Analysis Peer Benchmarking Tungsten & Molybdenum Peers C$, Millions Tungsten Miners Molybdenum Miners Other Defense Metals Miners American Tungsten (Pro Forma) $275.7 $263.2 $221.6 Equity Value $80.1 $75.7 $68.8 $50.1 $22.5 $21.3 $19.0 $12.9 $5.6 $3.6
Slide 24: Capitalization & Corporate Information
FINANCIAL INFORMATION Capitalization & Corporate Information American Tungsten Ltd. Capitalization Table Corporate Information C$, Except Per Share Figures Trading Symbols Current Share Price $0.76 CSE: OTCQB: FSE: Current Basic Shares Outstanding 23,731,481 TUNG DEMR RK9 ITM Options & Warrants (Ex.
Slide 25: Appendix
Appendix Supplementary Information
Slide 26: Photo Gallery
APPENDIX Photo Gallery The IMA Mine Mine House & Shed Drill Core Storage Drill Core Samples (Mo) Minesite Roads (1/2) Mine Site Entrance Minesite Roads (2/2) 26
Slide 27: What is Tungsten & How Is It Used?
APPENDIX What is Tungsten & How Is It Used? A Critical Element in Short Supply What is Tungsten… Use Cases ▪ Tungsten (W) is a rare, critical earth metal (as defined by the U.S. ▪ Tank Armor Defense Department of Defense and the U.S. Department of Energy) and is ▪ Armor-Piercing Artillery ▪ Rifle Am
Slide 28: Tungsten Pricing & Processing
APPENDIX Tungsten Pricing & Processing Metric Ton Units Overview of Tungsten Pricing Economics Overview of Tungsten Processing(3) Metric Ton Unit (MTU) Unlike most base and precious metals, Tungsten is largely not smelted to form metal due to its high ▪ Measure of mass melting point and is instead e
Slide 29: What is Molybdenum & How Is It Used?
APPENDIX What is Molybdenum & How Is It Used? A Critical Element in Short Supply What is Molybdenum… Use Cases ▪ Molybdenum (Mo) is a high melting-point alloying metal, primarily Metallurgy ▪ Jet Engines Alloying used in metallurgy as an additive for specialized forms of steels and ▪ Automotive Part
Slide 30: American Tungsten Corp.
American Tungsten Corp. 1055 West Georgia Street, Suite 1500 Vancouver, BC V6E 0B6 Canada
American Tungsten — Investor Presentation (January 2025) on 6ix