AMERIWEST LITHIUM COMPLETES PLAN OF ARRANGEMENT

Ameriwest Lithium Inc. has successfully completed a significant corporate restructuring through a plan of arrangement that involved spinning out ISM Resources Corp. as a separate entity. The arrangement, which was finalized on September 23, 2022, represents a strategic reorganization that allows both companies to pursue their respective business objectives independently while providing shareholders with direct ownership in both entities.

The completion of this plan of arrangement demonstrates Ameriwest's commitment to optimizing its corporate structure and creating distinct value propositions for investors. By separating ISM Resources through this spin-out mechanism, the company has streamlined its operations and potentially unlocked value that may have been obscured within the combined entity structure.

For the lithium sector, this type of corporate restructuring reflects the ongoing maturation and specialization within the critical minerals space. As lithium demand continues to grow driven by the energy transition, companies are increasingly looking to optimize their structures to attract targeted investment and focus management attention on core assets. The successful completion of this arrangement positions both Ameriwest and the newly independent ISM Resources to pursue their individual strategic paths in what remains a highly dynamic market for battery metals and critical minerals.