American Tungsten to buy back 500,000 shares

American Tungsten Corp. plans to start a normal course issuer bid (NCIB) to buy back up to 500,000 common shares, about 2% of its total shares. This program will begin on March 24, 2025, and last for 12 months. The company will purchase shares on the open market at current prices, using its cash reserves. All shares bought will be canceled. The timing and amount of purchases will depend on market conditions. American Tungsten aims to enhance shareholder value by repurchasing shares, believing the current market price does not reflect its business value. The company has appointed Haywood Securities Inc. to manage the NCIB transactions.