FINWIRES · TerminalLIVE
FINWIRES

American West Metals to Raise AU$10 Million Through Share Placement; Stock Falls 16%

By

-- American West Metals (ASX:AW1) obtained firm commitments to raise AU$10 million through a placement of about 222.2 million shares at a price of AU$0.045 each, according to a Monday filing with the Australian bourse.

The company said it will issue one free option in the series AW1O warrants for every two shares subscribed for in the placement, subject to shareholder approval.

American West Metals plans to use the proceeds to advance exploration and development at its West Desert project in Utah, US, and its Storm copper project in Canada.

The company's shares fell past 16% in recent Monday trade.

Related Articles

Asia

Voyah Automotive Technology's Deliveries Jump 51% in April

Voyah Automotive Technology (HKG:7489) delivered 15,146 vehicles in April, up 51% from a year earlier, according to a Sunday Hong Kong bourse filing.Shares of the automaker were up nearly 2% in Monday morning trade.For the year to date, deliveries rose 36% to 49,038 units.The company said its VOYAH Taishan X8 recorded cumulative orders exceeding 30,000 units as of May 1, following the start of global pre-sales in April.

$HKG:7489
Asia

Enterprise Development Sells Amazon, Boeing Shares; Shares Slide 6%

Enterprise Development (HKG:1808) sold 17,000 Amazon shares from Aug. 15, 2025, to April 30, 2026, the firm said in a Hong Kong bourse filing Sunday.The software company's shares fell nearly 6% in morning trade on Monday.The Amazon shares were sold for an average price of $244.92, or $4.2 million in total.Enterprise also divested 20,000 Boeing shares from May 29, 2025, to April 30, 2026, it said.The shares were sold at an average price of $226.80, or $4.5 million in total.The company expects to record a gain of $335,983 on the Amazon share sale and $346,723 gain on the Boeing share sale.Enterprise Development continues to hold 3,000 Amazon shares and 1,000 Boeing shares after the sales.

$HKG:1808
Asia

Li Auto Delivers 34,085 Vehicles in April

Li Auto (HKG:2015) delivered 34,085 vehicles in April, according to a Sunday Hong Kong bourse filing.Shares of the automaker were up over 3% in Monday morning trade.As of April 30, cumulative deliveries reached 1.7 million vehicles.The company debuted the all-new Li L9 Livis in April, with an official launch scheduled for May 15.As of April-end, the company had 511 retail stores in 160 cities, 550 servicing centers, and Li Auto-authorized servicing shops operating in 223 cities, and 4,077 supercharging stations with 22,509 charging stalls in China.

$HKG:2015