American Tungsten Corp. Explores Strategic Processing Partnership
American Tungsten Corp. Explores New Processing Partnership
American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) is making strides towards enhancing its tungsten production capabilities. The company is thrilled to announce a preliminary agreement with Contact Mining Company, designed to explore the potential of processing and milling its tungsten mineralized material.
Details of the Partnership
This partnership aims to leverage the advanced facilities at the Contact Mill, which boasts a remarkable milling capacity of 1,000 tons per day. The mill is outfitted with a Knelson Gravity Concentrator, optimized for minerals that respond favorably to gravity separation, including key tungsten minerals like scheelite and hubnerite. The capabilities to produce various sulfide concentrates with dual flotation circuits highlight the mill's adaptability and efficiency.
Supporting the IMA Mine Project
The proposed collaboration is an essential component of American Tungsten's strategy to secure a domestic supply of tungsten. It complements ongoing efforts at the IMA Mine project, signifying a forward march toward onshoring tungsten production capabilities in the United States. Notably, the IMA Mine itself has a rich history of production and is situated on 22 patented claims.
Innovation and Future Plans
American Tungsten’s ambitions don't end here. The company is committed to conducting comprehensive engineering trade-off studies and metallurgical testing to evaluate the feasibility of utilizing the Contact Mill for off-site processing. These initiatives represent a significant investment into optimizing operational efficiency and ensuring the viability of tungsten as a key resource.
CEO Insights
Murray Nye, the CEO of American Tungsten, expressed enthusiasm for the partnership, highlighting how it aligns with the company’s vision: “The collaboration with Contact Mining is an incredible opportunity to build out a complete supply process for tungsten in North America. It marks a pivotal point in our progress.”
The IMA Mine's Historical Context
The IMA Mine, a prior underground tungsten production site, played a vital role in the tungsten supply landscape between 1945 and 1957, yielding approximately 199,449 metric tons of WO3. It has been targeted for exploration by various operators over the decades, pointing to its enduring potential within the mining community.
Company Overview
American Tungsten Corp., formerly known as Demesne Resources Inc., is at the forefront of the tungsten market. Headquartered in Canada, the company is engaged in acquiring and exploring valuable magnetite mineral properties. The company’s Star Project contains five contiguous mineral titles across approximately 4,615.75 hectares, located in the Skeena Mining Division of British Columbia.
Commitment to Sustainable Practices
With a clear vision for responsible mining, American Tungsten is committed to sustainable practices that support local economies and environmental stewardship. The company's approach guarantees a balance between progress and protection.
Stay Connected with American Tungsten
For ongoing updates about American Tungsten Corp., prospective partners and investors can follow the company on various social media platforms. Engaging with their community ensures stakeholders stay informed and connected.
Frequently Asked Questions
What does the partnership with Contact Mining entail?
The partnership explores the possibility of processing and milling tungsten materials at Contact Mining’s facilities, aiming to enhance American Tungsten’s production capabilities.
What is the IMA Mine's historical significance?
The IMA Mine has a rich production history, previously yielding significant quantities of tungsten and being a focal point for various mining operations over the years.
How does this partnership fit into American Tungsten’s overall strategy?
This partnership is integral to onshoring tungsten production capabilities, enhancing domestic supply while optimizing milling operations to capture more value from the tungsten market.
What steps is American Tungsten taking to ensure feasibility?
The company plans to conduct engineering studies and metallurgical testing to assess the technical and economic viability of off-site processing at the Contact Mill.
How can investors get more information about American Tungsten?
Investors can connect with American Tungsten via their official social media channels or contact their CEO, Murray Nye, directly through the provided email and phone number.
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