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ASX:AT4

8 stories mentioning ASX:AT4Updated just now

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Asia

American Tungsten & Antimony Begins Ramp-Up, Expansion Planning at Arizona Antimony Mine, Nevada Refinery

American Tungsten & Antimony (ASX:AT4) began ramp-up and expansion planning at the Del Sol refinery in Nevada and the White Spar antimony mine in Arizona, according to a Thursday Australian bourse filing.Both the mine and the refinery remain subject to completion of an acquisition, the filing said. Subject to completion, the restart of the Del Sol antimony flake circuit using White Spar feedstock is planned to be started in the September quarter.The planned restart will be conducted on a phased basis, and initial batches will be used to establish circuit performance before throughput is progressively increased, the filing added.

ASX:AT4
Asia

American Tungsten & Antimony to Acquire Nevada Hydrometallurgical Antimony Flake Refinery, Arizona Antimony Mine

American Tungsten & Antimony (ASX:AT4) executed a share sale and purchase agreement with Nexus Metals to acquire the Del Sol hydrometallurgical antimony flake refinery in Nevada as well as the White Spar antimony mine in Arizona, which feeds the refinery, according to a Tuesday Australian bourse filing.The total consideration payable includes $3 million in cash, a total of around 1.06 billion fully-paid ordinary shares of the firm to be issued on completion of the proposed transaction, a total of 255.7 million options, issued on terms identical to the firm's existing quoted AT4OE options which are exercisable at AU$0.10 apiece on or before Oct. 17, 2028, as well as a total of 803.6 million performance rights. The issuance of the securities is subject to the firm obtaining shareholder approval.Nexus Metals will exercise its option to acquire Del Sol Refining, the owner of the refinery and the mine. The proposed transaction also includes deferred and contingent milestone payments of $20 million.Completion of the deal is subject to shareholder, regulatory, and third-party approvals.The Chief Executive of the firm, Casper Adson, plans to meet with the Nevada Division of Environmental Protection to progress approvals for a proposed increase in permitted capacity to around 100,000 tons of feed per year, as well as a proposed permit expansion for tungsten refining.Its shares fell 2% in recent trading on Tuesday.

ASX:AT4
Asia

American Tungsten Extends Known Mineralization at Utah Prospect; Shares Fall 8%

American Tungsten & Antimony's (ASX:AT4) phase one diamond drilling program at the Antimony Canyon project in Utah extended the known high-grade mineralized envelope at the Little Emma prospect and confirmed the presence of a district-scale hydrothermal antimony system, according to a Friday Australian bourse filing.It encountered intercepts of 10.37 meters at 3.98% grade of antimony from 3.35 meters, as well as 5.7 meters at 2.8% grade of antimony from 48.68 meters.,Its shares fell over 8% in recent trading on Friday, reaching their lowest point in over a year.

ASX:AT4
Asia

American Tungsten & Antimony Says Surface Sampling Confirms High-Grade Tungsten Mineralization at US Project

American Tungsten & Antimony (ASX:AT4) said surface sampling at its Tennessee Mountain Tungsten Project in Nevada, US, has defined a broad tungsten anomaly across the project area and confirmed high-grade tungsten mineralization at the historic Garnet Mine, according to a Tuesday Australian bourse filing.The company said channel samples from the Garnet Mine returned 4,713 parts per million tungsten, or 0.6% tungsten trioxide, over one meter and 4,191 parts per million tungsten, or 0.5% tungsten trioxide, over 2 meters from outcropping skarn.A peak rock chip result of 20,693 parts per million molybdenum, or 2.1% molybdenum, was also returned at the Garnet Mine, with three further samples grading between 2,055 and 4,352 parts per million molybdenum, consistent with a fertile, intrusion-related tungsten-molybdenum skarn system, the filing added.A maiden 29-hole, roughly 3,000-meter drill program has been designed to test the depth and lateral extensions of the skarn system at the Garnet Mine, it added.

ASX:AT4
Asia

American Tungsten & Antimony Targets AU$10 Million Through Share Placement; Shares Hit 52-Week Low

American Tungsten & Antimony (ASX:AT4) obtained firm commitments to raise AU$10 million through a placement of about 142.9 million shares at a price of AU$0.07 each, according to a Tuesday filing with the Australian bourse.In addition to the placement, the company received firm commitments under the chairman's list to generate about AU$350,000 through the issuance of 5 million shares at the same per-share price.American Tungsten plans to use proceeds from the placement to advance its US tungsten and antimony hub-and-spoke development, including the restart of tungsten production at the Dutch Mountain project in Utah.Shares of American Tungsten fell 9% in recent Tuesday trade and earlier hit a 52-week low.

ASX:AT4
Asia

American Tungsten & Antimony Requests Trading Halt Ahead of Capital Raise

American Tungsten & Antimony (ASX:AT4) has requested an immediate trading halt in its securities from the start of trading on Friday, pending an upcoming update regarding a proposed capital raising, according to a same-day Australian bourse filing.The company has requested that the halt remain in place until the update is released or trading begins on May 19, whichever occurs first, the filing added.

ASX:AT4
Asia

American Tungsten & Antimony Establishes American Depositary Receipt Program with Deutsche Bank Trust

American Tungsten & Antimony (ASX:AT4) established its sponsored level 1 American depositary receipt program with Deutsche Bank Trust, ahead of its proposed listing on Nasdaq, according to a Tuesday Australian bourse filing.The program provides the regulatory framework for a US dollar-denominated trading of the firm's American depositary receipts by US investors through standard US brokerage platforms under the ticker "ATAYY." Trading is expected to begin in connection with the proposed Nasdaq listing.Its shares fell 1% in recent trading on Tuesday.

ASX:AT4
Asia

American Tungsten & Antimony Joins US Defense Supply Chain Consortium; Shares Up 12%

American Tungsten & Antimony (ASX:AT4) has joined the US Defense Industrial Base Consortium (DIBC), gaining access to US defense programs and advancing its antimony and tungsten strategy amid a growing focus on secure domestic critical mineral supply chains, according to a Friday Australian bourse filing.The company, through the consortium, gains access to Department of War programs, funding opportunities, and defense partnerships to advance domestic processing and strengthen supply chains in line with national security priorities, per the filing.The company also stated that over 50 DIBC-related projects have already secured about $410 million in funding, including roughly $39 million this year, highlighting strong government support, the filing said.The company will host a government-level critical minerals event in Utah on May 15, bringing together senior US officials, state leaders, and industry stakeholders, the filing added.The company's shares rose 12% in recent Friday trade.

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