AMERICAN WEST METALS ORD
American West Metals Raising $7m to Support West Desert Indium Project Development
American West Metals (ASX: AW1) has received firm commitments to raise $7 million to advance its high-class West Desert indium project in Utah. The project’s reputation as one of the largest and highest-grade undeveloped indium resources in the US helped American West receive strong support from institutional, sophisticated, and professional investors—including globally renowned Tribeca Investment Partners, […]
American West Metals confirms DSO development potential for Storm copper project
Metallurgical studies and test work on ore samples from the Cyclone and Chinook deposits within American West Metals’ (ASX: AW1) Storm copper project in Canada have shown the potential to generate commercial-grade direct shipping ore (DSO) products. Production modelling of Cyclone samples with a nominated 1.5 million tonnes per annum throughput delivered up to 22% […]
Debt warning for small resource stocks as a rate squeeze worsens
Investors should take note of the red debt-flag flying over the resources sector with smaller companies at greatest risk, as the toxic mix of interest rate hikes and commodity price falls take effect. Rising interest rates impact everyone, but with mining there is a problem in trying to align erratic (commodity exposed) income with fixed […]
