Northwire Canada EditionMonday, September 21, 2026
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GOLD 4384.30 −0.9% SILVER 66.57 −0.9% COPPER 6.79 +1.4% OIL 92.00 −4.2% PALLADIUM 1322.50 +0.2% FMAN 0.415 +0.0% HVG 0.050 +0.0% MSV 0.540 +16.1% SCD 0.190 +0.0% AUAU 0.630 −1.6% MOLY 1.84 +11.5% APGO 2.97 −27.9% GENM 0.610 +0.0% CYG 0.170 +0.0% SKEL 0.130 −7.1% RUSH 0.105 −22.2% CPAU 0.110 +4.8% LEAP 0.075 +25.0% KCP 0.710 −2.7% CAPT 2.38 +2.6% CLCH 1.09 +1.9% GOLD 4384.30 −0.9% SILVER 66.57 −0.9% COPPER 6.79 +1.4% OIL 92.00 −4.2% PALLADIUM 1322.50 +0.2% FMAN 0.415 +0.0% HVG 0.050 +0.0% MSV 0.540 +16.1% SCD 0.190 +0.0% AUAU 0.630 −1.6% MOLY 1.84 +11.5% APGO 2.97 −27.9% GENM 0.610 +0.0% CYG 0.170 +0.0% SKEL 0.130 −7.1% RUSH 0.105 −22.2% CPAU 0.110 +4.8% LEAP 0.075 +25.0% KCP 0.710 −2.7% CAPT 2.38 +2.6% CLCH 1.09 +1.9%
Drill Results Routine +

Ameriwest to Advance Its Bornite Copper Project by Re-Logging and Re-Assaying Historical Drill

Ameriwest Advances Historical Core Re-Logging at Bornite Copper Project Amidst Price Correction

By The Northwire Desk — AI Analysis May 20, 2026 · 08:00 AWCM · 0.43 Ameriwest Critical Metals Inc.
Executive Summary
  • Core Relocation & Re-logging: Ameriwest has moved approximately 41,702 feet of historical drill core from Liberty Mine (Tonopah) to a secure facility in Reno, Nevada.
  • Re-Assaying Plan: The company intends to use multi-element assay approaches on specific historical holes (CC03, CC09, CC15, etc.) to modernize the database and support future NI 43-101 resource estimation.
  • Corporate Governance: Granted 1,525,000 incentive stock options to directors, officers, and consultants at $0.40 per share with immediate vesting and a five-year term.
  • Project Status: The Bornite Property is a copper-gold-silver breccia pipe (~450 feet diameter) open at depth, located 50 miles east of Salem, Oregon.
Material Impact
  • Execution Validation: This news confirms the execution of the work program outlined in the February 2026 financing update ("Transfer historic drill core to secure storage... re-log and selectively re-sample"). It validates management's progress toward a resource estimate but does not introduce new upside beyond previously communicated plans.
  • Dilution Impact: The issuance of 1,525,000 options at $0.40/share matches the current market price ($0.40 on May 19). While immediate dilution is low (options are not shares), it increases future float and signals management confidence in the stock trading above this level.
  • Market Context: The stock has corrected significantly from its March 2026 high of $0.72 to current levels around $0.40. This news serves as a stabilizer, preventing further negative sentiment regarding stalled exploration activities, but lacks the catalyst strength (e.g., drill results) to reverse the downtrend immediately.
  • Risk Mitigation: Re-assaying historical data is a lower-risk step than new drilling, reducing capital burn while building confidence in the geological model before committing to expensive infill drilling.
AWCM · Price
Company Overview
  • Ameriwest Critical Metals Inc.: A diversified critical metals explorer focused on North American assets.
  • Flagship Project: Bornite Copper-Gold-Silver Property (Oregon).
    • Type: Breccia pipe mineralization.
    • Dimensions: ~450 feet diameter, extending from surface to ~1,000 feet depth.
    • Historical Resource Estimate (Pre-NI 43-101): 3.2 Mt @ 2.2% Cu, 0.017 oz/t Au, 0.54 opt/t Ag.
    • Status: Early exploration/Resource definition phase; no compliant resource defined yet.
  • Secondary Assets: Xeno Rare Earth Project (BC), Thompson Valley Lithium (AZ).
Read the original news release →

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