American West Metals Ltd. (AU:AW1) has released an update.
American West Metals Ltd has secured a non-dilutive financing deal worth A$18.8 million from Taurus Mining Royalty Fund for its Storm Copper Project in Canada, which will fund exploration and development without impacting the company’s capital structure. The funding is structured to be delivered in stages tied to project milestones, including the start of drilling programs and resource expansions. This strategic financial move aims to strengthen the company’s balance sheet and expedite project development amidst a surging demand for copper.
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