$TUNGF

China dominates tungsten supply, with limited production outside the country. U.S. faces a shortage, relying on imports and recycled material. Demand is expected to grow, potentially driving up prices. Blue Moon Metals (TSXV: MOON, NASDAQ: BMM) acquired land and water rights near its Springer mine for $8 million. Almonty Industries (NASDAQ: ALM, TSX: AII) began processing at its Sangdong Mine. American Tungsten (TSXV: TUNG, OTCQX: TUNGF) advances exploration at its Ima Mine.

American Tungsten reported an initial resource of 316,000 indicated tonnes grading 0.55% WO₃ for 1,747 tonnes of tungsten trioxide and 404,000 oz. of silver at its Ima project in Idaho. Inferred resources total 2.1 million tonnes. Shares rose 4% to $1.67. The company aims to advance the project through tailings evaluation and underground drilling, positioning it as a potential U.S. tungsten supply source.