Dig Deep American Tungsten's IMA Mine Project: Reviving a Historic Asset for Modern Industry
In this episode, we chat with Ali Haji, CEO of American Tungsten Ltd, a listed Canadian exploration company focused on advancing high-grade magnetite mineral properties with its flagship asset, the IMA Mine Project in Idaho.
Ali has over 20 years in metals and mining, investment management, and publicly-listed capital markets experience, where he has served a variety of senior leadership roles within the mining industry. Ali discusses the background to American Tungsten, why it's important in today’s industrial and technological landscape, US funding and regulatory controls, and what the company is looking to achieve in the long term
KEY TAKEAWAYS
- The company is primarily focused on the IMA Mine Project in Idaho, which is a past producer of tungsten and aims to bring production back online within 18 months. The mine has a significant historical resource and is located in a strong mining jurisdiction.
- Tungsten is a critical metal used in various military and industrial applications, including armour, ammunition, aerospace components, and microchips. Its high melting point and strength make it essential in many technologies, highlighting the need for domestic production.
- The current U.S. administration prioritises critical minerals, including tungsten, which has led to potential benefits for American Tungsten, such as fast-tracked permitting and access to grants and low-interest loans to support production efforts.
- The leadership team includes individuals with extensive experience in the mining sector and government funding, which positions American Tungsten favourably to navigate regulatory processes and secure necessary funding for development.
- Key upcoming events for American Tungsten include the release of a 43-101 resource statement, exploration drilling, and a bulk sample to assess metallurgy. These developments are expected to enhance the company's resource profile and expedite the path to production.
BEST MOMENTS
"Tungsten is the second hardest element on the periodic table, used to strengthen alloys and has a very high melting point at 2500 degrees centigrade."
"We believe that at IMA, we can be the fastest to bring tungsten production back online in North America."
"The goal is to bring back a lot of the production that was mothballed in 2015 when the Chinese flooded the market with cheap tungsten."
"Our path to production is quicker than anybody else in the space. Our resource is well defined with the expectation for it to grow."
VALUABLE RESOURCES
Mail: rob@mining-international.org
LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/
X: https://twitter.com/MiningRobTyson
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast
Web: http://www.mining-international.org
This episode is sponsored by Hawcroft, leaders in property risk management since 1992. They offer:
- Insurance risk surveys recognised as an industry standard
- Construction risk reviews
- Asset criticality assessments and more
Working across over 600 sites globally, Hawcroft supports mining, processing, smelting, power, refining, ports, and rail operations. For bespoke property risk management services, visit www.hawcroft.com
GUEST SOCIALS
https://americantungstencorp.com/
https://www.linkedin.com/company/americantungstencorp/
https://www.youtube.com/@americantungstencorp
https://www.facebook.com/americantungstencorp/
https://www.instagram.com/americantungstencorp
ABOUT THE HOST
Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.
CONTACT METHOD
https://www.linkedin.com/in/rob-tyson-3a26a68/
Podcast Description
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.
This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/