American West Metals Commences Trading on ASX

13 December 2021

News Release, 13 December 2021

  • American West Metals will officially commence trading on the Australian Securities Exchange under the code AW1 at 2pm AEDT today
  • AW1 is focused on the discovery and development of four high-grade copper and zinc projects in Tier 1 jurisdictions in North America
  • The flagship West Desert Project is a large, zinc-copper-silver-indium Skarn and Carbonate Replacement Deposit with near-term development potential and opportunities for further discoveries in an underexplored tenement package
  • The “Nunavut Projects” encompass a large, underexplored land package - 120km mineralised trend with less than 5% tested by drilling and include:
    • Seal – a high-grade zinc and silver deposit with outstanding growth potential; and
    • Storm – containing thick, high-grade copper including 110m @ 2.45% Cu from surface
  • Copper Warrior is located in the world class Paradox Basin next to Utah’s second biggest copper mine, Lisbon Valley, with mineralisation exposed at surface
  • Experienced management team led by Dave O’Neill (Managing Director), John Prineas (Non-Executive Chairman) and Michael Anderson (Non-Executive Director), backed by an in-country team with significant exploration and development expertise
  • Central to the AW1’s strategy is conducting low footprint operations that are sustainable and support the clean energy transition
  • The Company raised $12 million in its Initial Public Offer and is well capitalised to execute its exploration strategy

American West Metals (ASX:AW1) (American West or the Company) is pleased to announce that the Company will list on the Australian Securities Exchange (ASX) today under the ticker AW1. The Company successfully raised $12 million before costs through its Initial Public Offer, with strong support from both domestic and international institutional and mining investors.

The Company has already commenced exploration activities across the portfolio and will shortly be commencing a 7,500m drill program at the flagship West Desert zinc-copper-silver-indium project (West Desert). The strategic intent is to aggressively explore and ultimately grow the existing robust resource at the project, leveraging management’s proven in-country discovery expertise, and investigate a low footprint development strategy.

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