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American West Metals Ltd. ( (AU:AW1) ) has provided an update.
American West Metals has secured firm commitments for an institution-led placement to raise A$10 million at A$0.045 per share, with one free option for every two shares, following strong demand from domestic and global institutional and professional investors. The oversubscribed raising will fund expanded drilling and exploration at the West Desert and Storm Copper projects, accelerating testing of a large pipeline of critical metals targets and potentially strengthening the company’s growth profile in the critical minerals sector.
More about American West Metals Ltd.
American West Metals Ltd. is an Australian-listed mineral exploration and development company focused on critical and base metals. Its primary assets include the 100%-owned West Desert Project and the 80%-owned Storm Copper Project, targeting metals such as copper, zinc, silver and a suite of critical elements including indium, gallium, germanium and tellurium for global markets.
Average Trading Volume: 2,952,212
Technical Sentiment Signal: Buy
Current Market Cap: A$55.4M
For an in-depth examination of AW1 stock, go to TipRanks’ Overview page.