North American Tungsten announced today that the following orders have been made in the Company's proceedings under the Companies' Creditors Arrangement Act: a) on November 16, 2015, the Supreme Court of British Columbia made orders: i. extending the stay of proceedings to March 31, 2016; ii. expanding the powers of Alvarez & Marsal Canada, in its [...]
North American Tungsten announced today that, pursuant to paragraphs 23 and 24 of the Amended Sale and Investment Solicitation Process, Alvarez & Marsal Canada, in its capacity as court appointed monitor, has terminated the Amended SISP effective October 21, 2015. Due to liquidity issues, NATC filed for Court protection under the CCAA on June 9 [...]
North American Tungsten announced today that it is commencing a Sale and Investor Solicitation Process, which was approved by an Order of the Supreme Court of British Columbia on July 17, 2015. At the same time, the Court also extended the stay and other relief under the Companies' Creditors Arrangement Act to October 31, 2015. While under CCAA [...]
North American Tungsten announced today that it has entered into a $2.5 million interim financing with Callidus Capital, which was approved by the Supreme Court of British Columbia on July 9, 2015. Under the terms of the Interim Facility, Callidus has agreed to lend to the Company $2.5 million, to be drawn down in accordance with the Company's cash [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 9, 2015) - North American Tungsten Corporation Ltd. (TSX VENTURE:NTC) ("NATC" or the "Corporation") announced today that it has commenced restructuring proceedings pursuant to an Initial Order granted by the Supreme Court of British Columbia under the Companies' Creditors Arrangement Act ("CCAA [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 1, 2015) - North American Tungsten Corporation Ltd. (TSX VENTURE:NTC) ("NTC" or "the Company") announces a series of temporary layoffs of employees at the Company's Cantung mine over a six week period of time. Depressed tungsten prices have had a significant negative impact on operating results [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 28, 2015) - North American Tungsten Corporation Ltd. (TSX VENTURE:NTC) ("NTC" or "the Company") announces a net loss of $6.4 million or $0.03 per share for the three months ended March 31, 2015 ("Q2 2015") and a net loss of $6.6 million or $0.03 per share for the six months ended March 31, 2015. These [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 31, 2015) - In conjunction with seeking approval for construction of a dry stack tailings facility at North American Tungsten Corporation Ltd.'s (TSX VENTURE:NTC) ("NTC" or the "Company") Cantung mine ("Cantung"), the Company is working with appropriate Northwest Territories ("NWT") regulatory [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 19, 2015) - North American Tungsten Corporation Ltd. (TSX VENTURE:NTC) ("NTC" or the "Company") is pleased to announce the results of the annual general and special meeting of the shareholders of the Company held on March 18, 2015 (the "Meeting") in Vancouver BC. At the Meeting, shareholders of the [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 23, 2015) - North American Tungsten Corporation Ltd. (TSX VENTURE:NTC) ("NTC" or "the Company") announces a net loss of $0.2 million or $0.00 per share for the three months ended December 31, 2014 ("Q1 2015"). These results are substantially improved compared to a net loss of $4.5 million for the [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 13, 2015) - North American Tungsten Corporation Ltd. (TSX VENTURE:NTC) ("NTC" or "the Company") announces a net loss of $6.6 million or $0.03 per share for its fiscal year ended September 30, 2014 ("fiscal 2014") significantly improved compared to a net loss of $13.3 million or $0.06 per share for the [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 31, 2014) - North American Tungsten Corporation Ltd. (TSX VENTURE:NTC) ("NTC" or the "Company") announces an amendment to the $11.0 million loan (the "Callidus Loan") with Callidus Capital Corporation ("Callidus") dated May 15, 2014. The amendment includes additional proceeds of $3.65 million and an [...]
