Ameriwest Critical Metals arranges $2-million financing

Executive Summary

• Ameriwest Critical Metals Inc. announced a non‑brokered private placement of up to 8 million units at C$0.25 per unit, targeting gross proceeds of up to C$2 million.
• Each unit consists of one common share and one non‑transferable warrant exercisable at C$0.40 for 18 months; finders may receive cash commissions or additional warrants equal to 8 % of proceeds.
• Proceeds are earmarked for exploration, general corporate, and working capital purposes, supporting recent acquisitions (Bornite copper project in Oregon and Xeno rare‑earth project in British Columbia).

Key Details

• Offering Size & Price: Up to 8 million units @ C$0.25 per unit → maximum gross proceeds of C$2 million.
• Unit Composition: 1 common share + 1 non‑transferable warrant (exercise price C$0.40, exercisable for 18 months post‑closing).
• Finder Compensation: Either cash commission equal to 8 % of gross proceeds or additional non‑transferable warrants equal to 8 % of units sold, each warrant exercisable at C$0.25 for 18 months.
• Use of Proceeds: Exploration activities, general corporate expenses, and working capital.
• Closing Timeline: Expected first tranche closing on or around 30 Dec 2025; placement may close in multiple tranches.
• Regulatory Conditions: Subject to approvals including the Canadian Securities Exchange; securities subject to a statutory hold period of four months and one day.
• Insider Participation: Insiders may subscribe, constituting a related‑party transaction under MI 61‑101, but expected to be exempt from valuation/approval thresholds (≤ 25 % of market cap).
• Strategic Context: Capital raise follows acquisition of the high‑grade Bornite copper project (Oregon) and entry into rare‑earths via the Xeno property (British Columbia), positioning Ameriwest as a diversified North‑American critical metals explorer.

Notable Quotes

“With the recent acquisition of the Bornite high‑grade copper project in Oregon and our entry into rare earths through the Xeno property in British Columbia, Ameriwest has transitioned into a diversified critical metals company… Subject to completion of this private placement, we expect to be better positioned to deliver long‑term value for our shareholders.” – David Watkinson, CEO