Ameriwest Critical Metals Closes Upsized Private Placement for Gross Proceeds of $3 Million

Ameriwest Critical Metals Inc. successfully completed an oversubscribed private placement raising gross proceeds of $3.065 million, representing an upsizing from the original financing due to strong institutional and retail investor demand. The company issued 12.263 million units at $0.25 per unit, with each unit comprising one common share and one warrant exercisable at $0.40 for 18 months. The oversubscription demonstrates robust market confidence in Ameriwest's diversified critical metals strategy and project portfolio.

The financing positions Ameriwest to advance its flagship Bornite Copper Project in Oregon, a historically drilled breccia-pipe copper-gold-silver system with completed pre-feasibility study and environmental baseline work. The company plans to conduct modern 3D modeling, verification work, and confirmation drilling to assess the system's potential using acquired historical core and data. This systematic approach reflects disciplined capital allocation toward a project with established mineralization and technical foundation.

Ameriwest's broader portfolio spans multiple critical metal commodities across four jurisdictions, providing strategic exposure to electrification and defense supply chains. The Xeno project in northern British Columbia targets rare earth and yttrium mineralization associated with alkaline intrusives, while Thompson Valley and Railroad Valley projects offer lithium exposure through claystone and brine targets respectively. This diversification across copper, rare earths, and lithium aligns with growing demand from data centers, infrastructure development, and clean energy transition.

The successful financing occurs amid heightened focus on North American critical minerals supply chain security and demonstrates investor appetite for companies with established projects and clear development pathways. Ameriwest's staged exploration approach and geographic diversification across proven mining jurisdictions positions the company to capitalize on evolving critical metals market dynamics while managing execution risk through disciplined technical evaluation.