North American Tungsten Corporation Ltd (NATUF)

[1manband]

There are no mine operations. It is on care and maintenance until either the Government finds a buyer, or they have to reclaim it.

The only reason the bankruptcy is dragging on is because the Federal Government, who effectively owns CanTung, is DESPERATE to find a buyer to take it, and the massive reclamation liabilities, off their hands. Once the CCAA is terminated, the Federal Government is stuck with owning the mine and will have to pay it themselves. They don't want to do that, which is why the bankruptcy has dragged on for almost 5 years while the Federal taxpayers foot the bill.

NATUF is defunct. The common stock will be cancelled once the bankruptcy is complete.

Assuming the SEC doesn't suspend and revoke the common shares first, of course. NATUF is 5 years delinquent in their legal reporting obligations. The SEC is on the warpath and shutting down delinquent filers left and right. NATUF could be shut down at any time, without any warning.