North American Tungsten is pleased to announce the results of the annual and special meeting of the shareholders of the Company held March 22nd, 2013 in Vancouver BC At the meeting the shareholders of the Company:

Elected Ronald Erickson, Kurt Heikkila, Allan Krasnick, Stephen Leahy, Dennis Lindahl, Bryce Porter and Christina Scott to the board of directors until the next annual meeting;

Appointed PricewaterhouseCoopers, LLP to be auditor of the Company for the financial year ending September 30, 2013, and authorized the board of directors to fix the remuneration of the auditor;

Approved the Company's stock option plan more fully described in the information circular dated as of February 15, 2013 (available for viewing on SEDAR); 

Approved the extension of the Company's Shareholder Rights Plan for a further two year period more fully described in the information circular dated as of February 15, 2013 (available for viewing on SEDAR).

Two long-standing directors of the Company, Wayne Lenton and Kenneth Collison, did not run for re-election and the Company wishes to thank both of them for their contributions over the years.

Subsequent to the annual and special meeting, the board of directors appointed Kurt Heikkila as the chairman of the board of the Company. The board of directors has requested that the new Chairman undertake enhanced efforts and strategies to substantially improve the production and efficiency outcomes at the Company's CanTung mine.Messrs. Porter, Krasnick and Lindahl have been appointed as members of the Audit Committee.

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Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

Tungsten is a dull silver-colored metal with the highest melting point of any pure metal. Also known as wolfram, from which the element takes its symbol, W, tungsten metal is more resistant to fracturing than diamond and is much harder than steel. It is the refractory metal's unique properties - its strength and ability to withstand high temperatures - that make it ideal for many commercial and industrial applications.

There is the news about tungsten metal market.

The tungsten metal market runs slowly in China. The tungsten metal market participants are still inactive in making deals, and the tungsten metal market remains quiet for the moment. The tungsten metal prices are stable tentatively.

China tungsten concentrate market shows no improvements and most of the participants watch the market for a while. Owing to the weak demand, the tungsten concentrate prices moved down from middle of this month.The tungsten concentrate market is likely to be quiet in the near future.

Tungsten concentrate is the main raw material for the production of tungsten, iron, sodium tungstate, ammonium paratungstate  (APT) and ammonium metatungstate (AMT) compound and its downstream products include tungsten trioxide, blue tungsten oxide, tungsten powder, tungsten carbide,carbide, tungsten steel, tungsten bars, tungsten.

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China tungsten carbide powder market keeps inactive with few buying activities. Because the demand from the downstream customers does not recover, the downstream customers are cautious in making deals now.

Furthermore, the tungsten carbide powder prices show downtrend, and most of the market participants watch the market for a while.