Stonegate Capital Partners Updates Coverage on American Tungsten Corp. (TUNG) Ready to Announce with Confidence?

Dallas, Texas--(Newsfile Corp. - June 4, 2026) - American Tungsten Corp. (TSXV: TUNG): Stonegate Capital Partners updates coverage on American Tungsten Corp. American Tungsten's capital position and operating cadence have improved materially as it advances IMA. As of March 31, 2026, the Company reported C$51.1M of cash, C$52.5M of total assets, and C$51.0M of shareholders' equity, following the March 2026 C$40.0M bought-deal financing. Q1 2026 net loss was C$5.8M, primarily reflecting C$4.8M of exploration and evaluation expense at IMA, including underground access, drilling, assays, and related field work. Subsequent to quarter-end, the Company received TSXV approval and began trading on the TSXV under "TUNG" on May 29, 2026, with the CSE delisting effective market close on May 28, 2026. In our view, the story has evolved from a better-capitalized restart concept into a more active two-track development platform centered on IMA: Phase I tailings evaluation / potential processing and Phase II underground mine restart.

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About Stonegate

Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.

Contacts:

Stonegate Capital Partners

(214) 987-4121

info@stonegateinc.com

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300272

Source: Stonegate, Inc.

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