Highlights
- American West Metals raised AUD 7.0 million through a share placement priced at AUD 0.045 per share.
- The funds assist in advancement of the company’s critical metals portfolio.
- The company have all necessary permits required for drilling follow-up targets.
American West Metals Ltd (ASX:AW1) has secured firm commitments to raise AUD 7.0 million through a placement of fully paid ordinary shares to institutional, sophisticated, and professional investors. The placement price is AUD 0.045 per share, representing an 18% premium to the 30-day volume-weighted average price (VWAP).
Tribeca Investment Partners, an international investment firm focused on growth companies in the resources sector, contributed USD 2 million as a strategic investment. Subject to shareholder approval, the capital raising includes issuance of free attaching option.
Use of Funds
The proceeds will be directed toward advancing the company’s critical metals portfolio at the 100%-owned West Desert Project. West Desert holds the largest indium resource in the United States, supporting development of a domestic supply chain for this critical metal used in semiconductors, solar panels, military equipment, and other advanced technologies.
Project Development and Permitting
All necessary permits are in place for drilling follow-up targets for indium, gallium, silver, and other critical metals. American West Metals is engaging with US government agencies to explore funding opportunities under Title III of the Defence Production Act (DPA), which provides grants, low-interest loans, and price floor commitments to support domestic production.
Indicative Timetable
The company implemented a trading halt on 14 October 2025 and announced the placement completion on 16 October 2025. Settlement of shares is expected on 20 October 2025, with ASX quotation anticipated on 21 October 2025.
The West Desert Project hosts total material categories for zinc, copper, and silver amounting to 33.67 million tonnes grading 3.83% Zn, 0.15% Cu, and 9.08 g/t Ag. Indium resources total 33.67 million tonnes at 20.01 g/t In and 0.10 g/t Au, equating to 23.76 million ounces of indium.
The placement’s lead manager was GBA Capital Limited, receiving a 6% fee and 20 million AW1O options. An external marketing adviser supported investor relations and marketing, compensated with 10 million performance rights.
Share Performance
The company is currently trading at AUD 0.079 per share, up by 61.22% from previous close of AUD 0.049
Disclaimer:
This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.
Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.
There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.
Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.
The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.
The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.
Kalkine does not issue, sell or deal in any financial products.
This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.
To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.
Please also read our Terms & Conditions and Financial Services Guide for further information.
Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.
Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.
Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.
Copyright 2026 Krish Capital Pty. Ltd. (ABN 61629651510). All Rights Reserved. No part of this Article, or its content, may be reproduced in any form without our prior consent.