From the AFR
American West Metals is piggybacking off a flurry of copper deals with a capital raising to fund its drilling activities.
The ASX-listed explorer, which has copper and zinc projects across North America, will launch as early as Friday a $4 million to $6 million part institutional, part retail equity raising via brokers Alpine Capital and Blue Ocean Equities, according to fund manager sources.The offer will be priced at 4¢ per share – a 21.6 per cent discount to the last close – with one free option per two new shares issued, the sources said.American West will use the proceeds, alongside existing cash and $3.1 million from its offtake partner Ocean Partners, to undertake “an aggressive drilling campaign over the northern summer period”, fundies were told.
From the AFRAmerican West Metals is piggybacking off a flurry of...
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Last
3.4¢ |
Change
-0.002(5.56%) |
Mkt cap ! $28.36M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.7¢ | 3.4¢ | $111.2K | 3.163M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1013799 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 240000 | 3 |
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| Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
| AW1 (ASX) Chart |