$TUNG 🇨🇦

There is a supply shortage in the global tungsten market. China’s export controls and rising defense/manufacturing demand are pushing tungsten prices higher. American Tungsten is one of the important players in the domestic tungsten supply chain. The roughly C$40M bought deal completed in March 2026 significantly increased the company’s near-term financing flexibility for drilling and development activities at the IMA Mine. In addition, the drilling and metallurgical results coming from the IMA project through late February and March 2026 provided positive signals supporting the continuity of tungsten-silver mineralization and the project’s technical potential.
It got rejected at the C$2.7 fibo resistance