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An announcement from Ameriwest Lithium ( (TSE:AWCM) ) is now available.
Ameriwest Critical Metals has closed the first tranche of its previously announced non-brokered private placement, issuing 2,640,000 units at C$0.25 per unit for gross proceeds of C$660,000, with each unit comprising one common share and a warrant exercisable at C$0.40 for 18 months. The funds will support exploration across the company’s portfolio of critical metals projects and general corporate purposes, with no finder’s fees paid and no insider participation, and all securities subject to a four-month-plus-one-day hold period, underscoring Ameriwest’s ongoing efforts to advance strategically important copper, rare earth and lithium assets in North America.
Spark’s Take on TSE:AWCM Stock
According to Spark, TipRanks’ AI Analyst, TSE:AWCM is a Underperform.
Ameriwest Lithium’s financial distress and negative profitability are significant concerns, driving its low overall score. While the recent strategic acquisition is a positive step, the company faces severe operational challenges. Technical indicators suggest weakness, and poor valuation metrics further dampen the stock’s appeal.
To see Spark’s full report on TSE:AWCM stock, click here.
More about Ameriwest Lithium
Ameriwest Critical Metals Inc. is a diversified critical metals-focused exploration company with mineral properties in Oregon, British Columbia, Nevada and Arizona. Its near-term priority is the Bornite Copper Project in Oregon, a breccia-pipe copper-gold-silver system with extensive historical drilling, metallurgical work, a pre-feasibility study and environmental baseline programs. The company also has exposure to rare earths and yttrium at its Xeno project in northern British Columbia, and to lithium through claystone and brine targets at its Thompson Valley and Railroad Valley projects, positioning it to benefit from demand tied to electrification, defense, infrastructure and data-center development.
Average Trading Volume: 21,843
Technical Sentiment Signal: Buy
Current Market Cap: C$6.71M
See more data about AWCM stock on TipRanks’ Stock Analysis page.