Ameriwest Critical closes final tranche of financing

Executive Summary

• Ameriwest Critical Metals closed an upsized, non‑brokered private placement, raising $3,065,750 in gross proceeds.
• A total of 12,263,000 units were issued at $0.25 per unit, each unit comprising one common share and one warrant (exercise price $0.40).
• Proceeds will be used for exploration, general corporate purposes, and working capital, supporting projects such as the Bornite copper project in Oregon.

Key Details

• Tranche Structure:
• First tranche – 2,640,000 units.
• Second (final) tranche – 9,623,000 units.
• Aggregate issuance – 12,263,000 units at $0.25 per unit.
• Warrant Terms: Each unit includes one common share purchase warrant exercisable for an additional share at $0.40 per share for 18 months from closing.
• Finder Compensation: Paid cash commission of $129,180 and issued 364,560 non‑transferable finder warrants (exercise price $0.25, 18‑month term).
• Insider Participation: One insider purchased 152,000 units for $38,000; no finder fees or warrants were issued to this insider. This transaction qualifies as a related‑party transaction under MI 61‑101.
• Use of Proceeds: Funds allocated to exploration activities, general corporate expenses, and working capital.
• Statutory Hold Period: All securities are subject to a four‑month‑and‑one‑day hold period per applicable securities laws.

Notable Quotes

“We're very encouraged by the level of demand for this financing even after the increase. Closing an oversubscribed private placement strengthens our ability to advance our portfolio of critical metals assets, with a near‑term focus on progressing the Bornite copper project in Oregon alongside our broader North American pipeline.” – David Watkinson, CEO, Ameriwest Critical Metals Inc.