American Tungsten Corp. and OTC Markets' Communication
American Tungsten Corp. (CSE: TUNG) (OTCQB: DEMRF) (FSE: RK9) has publicly addressed a request from OTC Markets Group Inc. in light of recent activities concerning its common shares. This proactive communication showcases the Company’s dedication to transparency with investors.
Understanding the Promotional Activity
The Company recently received a formal notification from OTC Markets on March 4, 2025, regarding promotional measures associated with its common shares. These included digital marketing initiatives carried out by Emerging Markets Consulting, LLC (EMC), a third-party firm hired by American Tungsten for investor relations and public awareness services.
The materials created by EMC aimed to inform potential investors about the Company's ongoing projects and the overall tungsten industry landscape. With an allocated budget of $275,000 USD over a three-month period, this marketing initiative was publicly disclosed in a prior press release.
Investor Awareness and Due Diligence
While the promotional content was based on publicly accessible information and underwent an accuracy review by the Company, American Tungsten firmly believes that no misleading statements were made. They emphasize the importance of due diligence for investors considering any investment, given the inherent risks involved.
Market Response to Promotional Campaign
American Tungsten observed a notable increase in trading volume which appears to coincide with the promotional efforts. However, the Company takes a cautious approach, acknowledging that various factors influence trading volumes, including broader market conditions and significant corporate developments, such as their marketing agreement with EMC.
Clarifying Management Inquiry Findings
After conducting a thorough internal review, American Tungsten confirms that no directors, officers, or key control persons were involved in the production or distribution of promotional materials other than EMC's engagement. Furthermore, there have been no insider share transactions reported in the past 90 days, affirming the company's commitment to regulatory compliance.
Third-Party Marketing Engagements
Over the past year, American Tungsten has collaborated with various third-party service providers to enhance its marketing, including:
- Emerging Markets Consulting, LLC (EMC) - Engaged in March 2025.
- Gold Standard Media, LLC (GSM) - Hired in January 2025 for diverse digital marketing services.
- Global One Media Limited (Global One) - Engaged in November 2024 for social media management and distribution.
These partnerships form part of the Company’s broader strategy to improve investor relations and awareness. American Tungsten has not pursued agreements with other stock promotion entities outside these consultants.
Securities Issuance Compliance
As per their public filings, American Tungsten has adhered strictly to regulations during any securities issuance, maintaining transparency with no shares or convertible securities issued at a market price discount.
A Commitment to Transparency
American Tungsten remains unwavering in its commitment to transparency and regulatory adherence. The Company encourages stakeholders to engage solely with official channels, press releases, and regulatory documents available on its website for the latest updates on business operations.
About American Tungsten Corp.
American Tungsten Corp. specializes in the acquisition and exploration of mineral properties. Its flagship magnetite Star Project spans approximately 4,615.75 hectares in Canada’s Skeena Mining Division. Additionally, the company holds an option for a 100% interest in the IMA Mine Project, a historically productive underground tungsten mine in Idaho, USA. This project also includes the acquisition of neighboring mining rights.
Frequently Asked Questions
What actions did American Tungsten take regarding promotional activities?
The Company issued a statement to clarify its stance and commitment to transparency following a request from OTC Markets.
What services does EMC provide to American Tungsten?
EMC offers investor relations and public awareness services, helping the Company communicate its projects and strategies effectively.
How has trading volume been affected by promotional activities?
There was an increase in trading volume, although multiple factors could have influenced this change beyond promotional efforts.
Are there any insider trading activities reported?
American Tungsten confirmed that no trading activities occurred among directors or key individuals in the last 90 days.
Where can investors stay updated on American Tungsten?
Investors can access real-time updates through the Company's official press releases, regulatory filings, and its website.
