American West Metals raises A$10M for Utah critical minerals project targeting indium, zinc, copper to secure U.S. industrial supply chains.
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American West Metals
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About American West Metals
American West Metals Limited (ASX: AW1) is an Australia-based critical minerals exploration and development company focused on base and battery metals in tier-one North American jurisdictions. Headquartered in West Perth, Western Australia, the company is advancing its flagship Storm Copper Project on Somerset Island, Nunavut, Canada, which hosts a JORC mineral resource of approximately 20.6 million tonnes at 1.1% copper and 3.3 g/t silver.
American West Metals targets copper, zinc, silver and other minerals essential to electrification and the clean energy transition. The company is finalizing a pre-feasibility study for Storm with a strategic development partnership with Ocean Partners, which is to provide up to 80% of initial capital and purchase copper and silver offtake. American West also holds the West Desert zinc-copper-indium project in Utah and continues exploration across its extensive Somerset Island land package.
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