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North American Tungsten Corp Up 10% After Q3

North American Tungsten Corp (NTC.V) has gained 3 cents or 105 to 32 cents today with 4.4 million shares traded after announcing the filing of the June 30th, 2011, 3rd quarter financial results.

North American Tungsten is a producer of tungsten concentrate, a strategic industrial metal required in a wide variety of products ranging from jet turbine engines and high-speed cutting tools to electronic circuitry and surgical instruments.

THIRD QUARTER HIGHLIGHTS INCLUDED:

Net earnings were $1.3 million (Q2 2011 net loss of $7.7 million).

Concentrate production increased to 74,652 mtus WO3 (Q2 2011 was 43,727 mtus).

Tons milled were 101,873 grading 1.03% WO3 (Q2 2011 - 76,980 grading 0.85% ).

Metallurgical recovery improved to 78.4% (Q2 2011 - 73.4%).

Operating cash flows before working capital changes were a positive $2.3 million (Q2 2011 - negative $7.1 million).

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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