Author presents a bullish short-term thesis on American Tungsten (TUNG) based on recent drilling results at the IMA Mine, expansion of the drill program, and progress toward an updated NI 43-101 resource estimate.
TUNG — LONG American Tungsten's recent underground drilling at the IMA Mine intersected tungsten mineralization in all six holes, confirming continuity of the vein system and aligning with historical models. The company is expanding the drill program by 20% and has a second drill platform operational, which the author views as evidence of management confidence and efficiency. An updated NI 43-101 resource estimate is expected, and the author believes markets typically react positively to such reports if they show progress. The author expects more newsflow into 2Q26 and sees the company de-risking its path to becoming the first US tungsten producer, a critical metal for defense where China and Russia dominate supply.
With the recent completions and more drill results pending I believe that the company has built a solid foundation and has proven themselves to be efficient operators. The potential here remains high and they continue to de-risk in the short term.
This Reddit post, published January 22, 2026, features u/Alternative_Bus_5611 discussing TUNG. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: u/Alternative_Bus_5611 · Tickers: TUNG