Ameriwest Critical increases financing to $3-million

Executive Summary

• Ameriwest Critical Metals upsized its non‑brokered private placement from a maximum of $2 million to up to C$3 million (≈ US$2.2 M) on the same terms.
• The offering consists of up to 12 million units at C$0.25 per unit, each unit containing one common share and one non‑transferable warrant exercisable at C$0.40 for 18 months.
• Proceeds will be used to accelerate exploration and permitting work on the Bornite copper project and other strategic assets, supporting a longer‑term goal of developing a ~1,000‑t/d underground copper mine.

Key Details

• Units Offered: Up to 12 million units (each = 1 common share + 1 warrant).
• Subscription Price: C$0.25 per unit; gross proceeds up to C$3 million.
• Warrant Terms: Each warrant allows purchase of one additional share at C$0.40, exercisable for 18 months from issuance.
• Closing Date Extension: Closing now expected on or before Feb. 13, 2026.
• Use of Proceeds: Exploration, general corporate purposes, and working capital; specifically to accelerate the Bornite project’s exploration and permitting activities.
• Finder Compensation: Up to 8 % of gross proceeds may be paid in cash commissions or issued as additional non‑transferable warrants (exercisable at C$0.25 for 18 months).
• Statutory Hold Period: All securities subject to a hold period of four months and one day under applicable securities laws.
• Insider Participation: Insiders may subscribe; expected to be exempt from MI 61‑101 valuation/approval thresholds (insider ownership not to exceed 25 % of market cap).

Notable Quotes

“We’re very pleased with the strong investor demand, which has enabled us to upsize this financing… Subject to completion of this private placement, we expect to be well positioned to advance our programs and create long‑term value for shareholders.” – David Watkinson, CEO, Ameriwest Critical Metals Inc.