Copper-silver offtake deal finalized for the Storm Copper Project

17 July 2025

Project financing and offtake deal supports the potential development of a mining operation at Storm

• Strategic Partnership meets key milestones. American West Metals Ltd (American West) and Ocean Partners Holdings Ltd (OP) – a global metal trading, technical advisory, and financing company – are completing key milestones of the offtake and funding arrangement for the development of the Storm Copper Project. The completed milestones include:

• US$2m Private Placement – The funds have been received and new shares placed to give OP a 9.4% shareholding in the Company
• Offtake Agreement – A binding offtake agreement has now been executed and secures offtake rights for OP in regard to 100% of the base production of copper, silver and gold products from the Storm Project for the longer of 8 years and the resource life of the Storm Copper Project as defined in the PEA released in March 20251
• Technical and copper market advisory- The American West/OP strategic alliance is already starting to have positive impacts on the project with processing development and optimisation activities underway

• Project Financing. OP will provide debt finance for up to 80% of initial capital for the development of the Project via a senior secured loan facility subject to a bankable feasibility study and formal documentation

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