American West Metals Ltd. (AU:AW1) has released an update.
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American West Metals Limited has secured a lucrative A$18.8 million royalty funding agreement with TMRF Canada Inc. for the Storm Copper Project in Canada, which will bolster exploration and development activities including an expanded drilling program and environmental studies. The company, which owns an 80% interest in the project, anticipates the funding will support a significant upgrade to the project’s resource base and drive forward the delivery of a prefeasibility study in early 2025. This strategic financial move is set to shape Storm into a potentially significant global copper mining operation.
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