Ameriwest Critical Metals Announces Upsized CDN$3,000,000 Non-Brokered Private Placement Financing
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CSE:AWCM | OTC:AWLIF | FSE:5HV
Ameriwest Critical Metals
Announces Upsized CDN$3,000,000 Non-Brokered Private Placement
Financing
Vancouver, British Columbia, January 20 th, 2026 -- Ameriwest Critical Metals Inc. (“Ameriwest” or the
“Company”) (CSE: AWCM) (OTC: AWLIF ) (FSE: 5HV), is pleased to announce that, due to strong
investor demand, it has upsized its previously announced non-brokered private placement (the “Private
Placement”) from up to CDN$2,000,000 to up to CDN$3,000,000, on the same terms as previously
disclosed. The Company intends to complete a non-brokered private placement of up to 12,000,000 units
of the Company (each, a “Unit”) at a subscription price of CDN$0.25 per Unit for gross proceeds of up to
CDN$3,000,000. Each Unit will consist of one common share in the capital of the Company (each, a
“Share”) and one non-transferable common share purchase warrant of the Company (each, a “Warrant”).
Each Warrant will be exercisable to acquire one additional Share (each, a “Warrant Share”) at an exercise
price of CDN$0.40 per Warrant Share for a period of 18 months from the date of issuance.
The Company intends to use the proceeds of the Private Placement for exploration, general corporate, and
working capital purposes. The additional funds are intended to allow the Company to increase and
accelerate its exploration efforts on its Bornite Proj ect, including advancing exploration and permitting-
related work programs. Ameriwest’s longer-term objective is to fast -track the Bornite Project through
exploration and permitting, with the future goal, subject to technical results, the availability of financing,
and receipt of all required permits and regulatory approvals, of evaluating the development of an
approximately 1,000-tonne-per-day underground copper mining operation.
Ameriwest CEO, Mr. David Watkinson, stated, “ We’re very pleased with the strong investor demand,
which has enabled us to upsize this financing. With the high- grade Bornite copper project in Oregon and
our entry into rare earths through the Xeno property in British Columbia, Ameriwest is building a
diversified critical metals portfolio in North American jurisdictions. Bornite’s extensive historical drilling,
pre-feasibility work and environmental baseline studies give us a strong foundation to accelerate modern
exploration. With copper, gold and silver prices strengthening, and select rare earth elements gaining
strategic importance, we believe we’re in the right place at the right time, focused on the metals the world
needs more of. Subject to completion of this Private Placement, we expect to be well positioned to advance
our programs and create long-term value for shareholders.”
Given the increased amount of financing the Company intends to extend closing of the financing until
February 13th, 2026. In connection with the Private Placement, the Company may pay certain finders (each,
a “Finder”) a cash commission equal to 8% of the aggregate gross proceeds raised from those Unit
subscribers introduced by such Finders to the Company and/or issue to such Finders such number of non-
transferable share purchase warrants of the Company equal to 8% of the total number of Units sold to such
subscribers (each, a “Finder’s Fee Warrant ”), with each such Finder’s Fee Warrant being exercisable to
acquire one additional share of the Company (each, a “Finder’s Warrant Share”), at an exercise price of
CDN$0.25 per Warrant Share, for a period of 18 months from the closing of the Private Placement.
The Private Placement is subject to certain conditions including, but not limited to, receipt of all necessary
approvals including the approval of the Canadian Securities Exchange. All securities issued in connection
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with this Private Placement are subject to a statutory hold period of four months and one day pursuant to
applicable securities laws.
Certain insiders of the Company may acquire Units in the Private Placement. Any participation by insiders
in the Private Placement would constitute a “ related party transaction ” as defined under Multilateral
Instrument 61-101 Protection of Minority Security Holders in Special Transactions ( “MI 61 -101”).
However, the Company expects such participation would be exempt from the formal valuation and minority
shareholder approval requirements of MI 61-101 as the fair market value of the Units subscribed for by the
insiders, nor the consideration for the Units paid by such insiders, would exceed 25% of the Company’s
market capitalization.
The securities issued pursuant to this Private Placement have not, nor will they be, registered under the
United States Securities Act of 1933, as amended, and may not be offered or sold within the United States
or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable
exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell
or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in
any other jurisdiction in which such offer, solicitation or sale would be unlawful.
About Ameriwest Critical Metals Inc.
Ameriwest Critical Metals Inc. is a diversified critical metals-focused exploration company with mineral
properties in Oregon, British Columbia, Nevada and Arizona. The Company’ s near-term focus is the
Bornite Copper Project in Oregon, a breccia-pipe copper -gold-silver system that has been the subject of
extensive historical drilling, metallurgical test work, a pre-feasibility study and environmental baseline
programs. Ameriwest has acquired the historic core and data and intends to carry out modern 3-D modeling,
verification work and confirmation drilling to assess the potential of the system. At Xeno, in northern
British Columbia, the Company has an interest in a rare earth– yttrium project associated with alkaline
intrusives and carbonatite-style mineralization. Its Thompson Valley and Railroad Valley projects provide
lithium exposure through claystone and brine targets , respectively . Collectively, these projects give
Ameriwest leverage to metals that are important to electrification, defense, infrastructure and data-center
development. Ameriwest’s strategy is to advance these assets through disciplined, staged exploration and
technical evaluation.
On Behalf of the Board of Directors
David Watkinson
Chief Executive Officer and director
For further information, please contact:
Sam Eskandari
Director
(416) 918-6785
The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced
herein and has neither approved nor disapproved the contents of this news release.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release may constitute forward‐looking information. Forward‐looking information is
often, but not always, identified by the use of words such as “anticipate ”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”,
“should”, and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors
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CSE:AWCM | OTC:AWLIF | FSE:5HV
that may cause actual results or events to differ materially from those anticipated in suc h forward‐looking information. The
Company’s actual results could differ materially from those anticipated in this forward‐looking information as a result of regulatory
decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to th e
Company’s strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company
believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given that these
expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking
information contained in this news release represents the Company’s expectations as of the date hereof, and is subject to change
after such date. The Company disclaims any intention or obligation to update or revise any forward‐looking information whethe r
as a result of new information, future events or otherwise, except as required by applicable securities legislation.