American Tungsten Subsidiary Selected for $18M US DOE Grant Negotiations

Key Facts

In a move reflecting U.S. efforts to bolster national dominance in critical mineral sectors, Trigg Minerals (USA) LLC, a subsidiary of American Tungsten & Antimony, has been selected to negotiate a potential financial award. According to reports, the grant is valued at up to $18 million and is designated for the ASCEND-Sb Project, which aims to advance antimony smelting capacity within the United States. This selection is part of a broader federal initiative involving nine national projects receiving a total of $162 million in funding.

The project is designed to strengthen the domestic mine-to-metal supply chain, particularly as antimony is classified as a critical mineral for U.S. security, defense, and advanced manufacturing. Based on analyst data, this non-dilutive funding supports the company's expansion strategy, which recently included agreements to acquire the Del Sol Refinery in Nevada and the White Spar Antimony Mine in Arizona. The parent company continues to advance a portfolio of tungsten and antimony projects across Utah and Nevada, including its flagship Antimony Canyon Project.

Operationally, the company will now work with the U.S. Department of Energy to negotiate the specific scope and terms of the funding package, noting that the award remains at the negotiation stage. As of August 19, 2026, specific closing prices for the related instruments are unavailable in the current market data. Investors should monitor upcoming regulatory updates and the outcome of the DOE negotiations as primary catalysts for the company's future performance.