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