Australia's American Tungsten & Antimony sinks on discounted placement

American Tungsten & Antimony

19/05/2026 02:11

** Shares of Australia's American Tungsten & Antimony AT4.AX fall as much as 10% to A$0.072, its lowest level since June 13, 2025

    ** Stock hits biggest intraday pct drop since March 23

    ** Mineral explorer says it would raise A$10 million ($7.15 million) through placement

        ** An offer price of A$0.07/share marks a 12.5% discount, as of the firm's last close on May 15, before it went on a trading halt for this announcement

** Says funds from placement to be used to advance the company's portfolio of tungsten and
antimony assets in Utah and Nevada, among others

** YTD, stock down 33.6%

($1 = 1.3986 Australian dollars)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))