Ameriwest Critical Metals Announces Upsized CDN$3,000,000 Non-Brokered Private Placement Financing

Ameriwest Critical Metals Inc. has successfully upsized its non-brokered private placement financing from $2 million to $3 million, reflecting strong investor confidence in the company's diversified critical metals portfolio. The financing consists of 12 million units priced at $0.25 each, with each unit including one common share and one 18-month warrant exercisable at $0.40. The deal is scheduled to close by February 13th, 2026, subject to regulatory approvals.

The primary focus of the raised capital will be accelerating exploration activities at the Bornite copper project in Oregon, a high-grade breccia-pipe system that benefits from extensive historical drilling, pre-feasibility work, and environmental baseline studies. The company's longer-term objective is to evaluate the development of an approximately 1,000-tonne-per-day underground copper mining operation, subject to technical results and regulatory approvals. CEO David Watkinson emphasized the strategic timing of the financing, noting strengthening copper, gold, and silver prices alongside growing strategic importance of rare earth elements.

Ameriwest's diversified portfolio positions the company across multiple critical metal opportunities in stable North American jurisdictions. Beyond Bornite, the company holds interests in the Xeno rare earth-yttrium project in northern British Columbia, associated with alkaline intrusives and carbonatite-style mineralization. Additionally, the Thompson Valley and Railroad Valley projects provide lithium exposure through claystone and brine targets in Nevada and Arizona respectively.

The successful upsizing of this financing demonstrates market appetite for well-positioned critical metals companies with assets in established mining jurisdictions. With metals essential to electrification, defense, infrastructure, and data-center development gaining increasing strategic importance, Ameriwest appears well-capitalized to advance its staged exploration and technical evaluation strategy across its multi-commodity asset base.