Ameriwest Critical Metals Secures 100% Ownership of Xeno Rare Earth Project as Yttrium Gains Strategic Focus

Executive Summary

• Ameriwest Critical Metals completed the acquisition of a 100% interest in the Xeno Rare Earth property in British Columbia by issuing 1,000,000 common shares (valued at $0.26 per share) and paying a cash consideration of $10,000.
• The Xeno property adds exposure to yttrium and other rare‑earth oxides, aligning with North American strategic mineral supply goals and diversifying Ameriwest’s portfolio beyond copper and lithium assets.
• The acquisition fulfills the amended option agreement terms, allowing Ameriwest to commence historic data review and an initial 2026 exploration program (rock chip/soil sampling, geophysics) aimed at defining drill targets.

Key Details

• Consideration: 1,000,000 common shares issued to vendor (deemed price $0.26 per share) plus a one‑time cash payment of $10,000.
• Statutory Hold Period: Shares subject to a four‑month‑plus‑one‑day hold period under Canadian securities law.
• Property Size & Location: Two mineral claim units covering 784.31 ha, located ~140 km east of Dease Lake, BC.
• Historical Mineralization: Historic chip and grab samples indicate presence of yttrium oxide, dysprosium oxide, europium oxide, lanthanum oxide, cerium oxide, neodymium oxide (B.C. Assessment Report 26,853).
• Strategic Rationale: Enhances exposure to critical rare‑earth minerals (especially yttrium) that are increasingly important for advanced technologies and defense applications in the United States and allied nations.
• Future Work Plan (2026): Review and digitize historic exploration reports; conduct rock chip and soil sampling; perform geophysical surveys; develop initial drill targets.
• Corporate Context: Complements existing assets – Bornite copper‑gold‑silver project (Oregon), Thompson Valley lithium clay (Arizona), Clayton Valley lithium clay (Nevada), and pending option on Railroad Valley lithium brine (Nevada).

Notable Quotes

“We plan to first review historic data that is available on the Property and use it to develop an initial exploration program for Xeno for 2026. Ameriwest expects early‑stage work at Xeno may include rock chip and soil sampling and geophysics, with the goal of developing initial drill targets.” – David Watkinson, CEO & Director

All forward‑looking statements are subject to risks and uncertainties that could cause actual results to differ materially.