NTC

North American Tungsten Corporation Ltd. (TSX VENTURE:NTC) ("NTC" or "the
Company") announces net income of $2.5 million or $0.01 per share for the three
months ended March 31, 2014 ("Q2 2014") and net loss of $2.1 million or $0.01
per share for the six months ended March 31, 2014. These compare to net loss of
$3.4 million and net loss of $7.4 million for the comparable periods in fiscal
2013. 


The Company's March 31, 2014 Interim Consolidated Financial Statements and
Management's Discussion & Analysis thereon may be accessed under the Company's
profile on SEDAR (www.sedar.com) and may also be accessed at the Company's
website www.natungsten.com.


The Company's production increased to 89,000 mtus during Q2 2014, driven
primarily by relatively high grade material from the mine. Mill recovery and
throughput were generally consistent with historical production. Reflecting the
later recognition of sales as a result of new sales contracts, the Company
recognized sales of 70,000 mtus during the period, with the remaining production
in inventory at quarter end. APT prices held steady during the second quarter
around USD$360 per mtu which resulted in the Company recognizing an average
sales price of approximately USD$291 per mtu (approximately CDN$321 per mtu).
Revenue was $23.1 million for the quarter and $43.5 million for the six months
ended March 31, 2014, compared to revenue of $24.9 million and $36.4 million for
the comparable periods in fiscal 2013.


The improved production generated cash flows from operations before change in
non-cash working capital of $6.4 million for Q2 2014 and $5.9 million for the
six months ended March 31, 2014, a significant improvement from an outflow of
$0.5 million in quarter one of fiscal 2014. These compare to cash flows of under
$0.1 million and a cash outflow of $1.0 million for the comparable periods in
fiscal 2013. 


The mill process improvement project that commenced in Q3 2013 is proceeding.
All of the equipment necessary for the project is now on site at Cantung and
implementation is in process. 


The project plan is to increase the mill throughput by a target of 20% and to
increase the total metallurgical recovery by increasing the effectiveness of the
gravity and flotation circuits. To support the enhanced throughput, the Company
is utilizing materials from its open-pit operations in addition to its
underground mining operations. The 2014 open-pit mining campaign is scheduled to
commence in July and continue until October 2014.


The Company is also in the process of finalizing its comprehensive tailings
management program including upgrades to the current tailings ponds,
enhancements to its waste water treatment plant ("WWTP") and development of a
long-term storage facility for tailings. The WWTP is expected to commence
regular operations in fiscal 2014.


Kurt Heikkila, Chairman and CEO, commented, "The results for the quarter were a
great improvement from Q1, primarily driven by relatively high grade mill feed.
The mill improvement project is being advanced to enable the Company to achieve
high levels of production and positive results, during periods when less high
grade mill feed is available." 


ON BEHALF OF THE BOARD OF DIRECTORS

Kurt E. Heikkila, Chairman & CEO

ABOUT NORTH AMERICAN TUNGSTEN CORPORATION LTD. 

The Company is a publicly listed Tier 1 Junior Resource Company engaged
primarily in the operation, development, and acquisition of tungsten and other
related mineral properties in Canada. The Company's 100% owned CanTung mine and
MacTung development project make it one of the few tungsten producers with a
strategic asset in the western world. MacTung is one of the world's largest
known undeveloped high grade tungsten-skarn deposits.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
as defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


Cautionary Note: The Company relies upon litigation protection for
"forward-looking" statements.


Safe Harbour Statement under the United States Private Securities Litigation
Reform Act of 1995 and similar Canadian legislation:  Except for the statements
of historical fact contained herein, the information presented contains
"Forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995 and similar Canadian legislation. Often, but not
always, forward-looking statements can be identified by the use of words such as
"plans", "expects," "budget," "scheduled," "estimates," "forecasts," "intends,"
"anticipates," "believes," or variation of such words and phrases that refer to
certain actions, events or results to be taken, and other factors which may
cause the actual results, performance or achievements of North American Tungsten
Corporation Ltd. to be materially different from any future results, performance
or achievements expressed or implied by such forward-looking statements. Such
factors include, among others, the actual results of reclamation activities, the
estimation or realization of mineral reserves and resources, the timing and
amount of estimated future production, costs of production, capital
expenditures, future prices of commodities, possible variations in ore grade or
recovery rates, efficacy and efficiency of milling process, failure of plant,
equipment or processes to operate as anticipated, accidents, labour disputes and
other risks in the mining industry. Although North American Tungsten Corporation
Ltd. has attempted to identify important factors that could cause actions,
events or results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or results not
to be as anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements contained
herein and in North American Tungsten Corporation Ltd.'s other filing
incorporated by reference.


FOR FURTHER INFORMATION PLEASE CONTACT: 
North American Tungsten Corporation Ltd.
INVESTOR CONTACT:
+1.604.684.5300
+1.604.684.2992 (FAX)
info@natungsten.com

North American Tungsten Corporat (TSXV:NTC)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

North American Tungsten Corporat (TSXV:NTC)
Historical Stock Chart
Von Jun 2023 bis Jun 2024