ASX:AW1

2 stories mentioning ASX:AW1Updated 25d ago

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American West Metals Confirms Presence of High-Grade Critical Metals at Utah Project

American West Metals (ASX:AW1) confirmed the presence of high-grade critical metals at its West Desert project in Utah during sampling of historical drill core, according to a Thursday filing with the Australian bourse.Assays of previously unsampled historical drill core within and around the deposit yielded critical metal grades with peak values of 1,065 grams per tonne (g/t) silver, 155 g/t indium, and 40 g/t gallium, the filing said.Sampling also returned high base metal grades of up to 9.5% zinc, 2.3% copper, and 9.9% lead.

ASX:AW1

Asia56d ago

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

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.

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