Vancouver, BC – October 10, 2025: Ameriwest Critical Metals Inc. (CSE: AWCM) (OTC Pink: AWLIF) (FSE: 5HV) (“Ameriwest” or the “Company”) announces that the Company has entered into a definitive agreement (the “Definitive Agreement”) regarding the option and potential purchase of the Xeno RAR rare earth mineral claims (“Xeno RAR” or the “Property”) in B.C. from one arm’s length vendor. The Property consists of two mineral claim units totaling 784.31 ha and is located approximately 140 km east of Dease Lake.
Terms of the transaction (the “Transaction”) include:
- $10,000 to be paid within five business days of the date of the Definitive Agreement;
- $45,000 to be paid within 45 calendar days of the date of the Definitive Agreement;
- 1,000,000 common shares of the Company to be issued within two business days of the date on which the Canadian Securities Exchange confirms that it does not object the Transaction;
- 1,000,000 common shares to be issued on or before the first anniversary of the date of the Definitive Agreement;
- $125,000 in exploration expenditures to be incurred within 18 months (the “Option Period”) of the date of the Definitive Agreement; and
- Upon the exercise of the option, the Company will grant the optionor a 2% net smelter returns royalty (the “NSR”) of which 1% can be purchased at any time by the Company for $250,000.
Large earth-bearing carbonate masses, alkalic intrusives, and related diatreme breccias outcrop on a mineralized trend where the Property is located. Historical sampling in the area has shown potential for rare earth mineralization, including rare earth elements (REE) and yttrium. Historic work in the area, going back to the mid-1960s, has included stream sediment sampling, soil and rock chip sampling, and geophysics. Exploration for diamonds was also undertaken.
David Watkinson, President and CEO of Ameriwest, stated, “The acquisition of Xeno RAR is part of Ameriwest’s transition from a purely lithium exploration company to a diversified critical metals explorer. The acquisition of Xeno RAR will give the Company exposure to rare earths and result in the potential to take advantage of government and other sources of funding focused on critical minerals.”
The Transaction is subject to regulatory approval.
Qualified Person Statement
David Watkinson, P.Eng., a non-independent qualified person under National Instrument 43-101, has reviewed and approved the technical content of this news release. Mr. Watkinson is the CEO and a director of Ameriwest.
About Ameriwest Critical Metals Inc.
Ameriwest is an exploration company focused on identifying and acquiring strategic critical mineral projects for exploration and resource development. The Company is advancing its Thompson Valley lithium clay property in Arizona, owns a lithium clay property in Clayton Valley, Nevada, and is in the process of optioning its Railroad Valley lithium brine property in Nevada to Pure Energy Minerals Limited. The Company is also in the process of acquiring the Bornite Copper Property in Oregon. For more information on the Company, investors should review the Company’s filings available at www.sedarplus.ca.
David Watkinson,P.Eng.
Chief Executive Officer
For further information, please contact:
Ameriwest Lithium Inc.
Investor Relations
416 918-6785
The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents of this news release.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release may constitute forward‐looking information. Forward‐looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The Company’s actual results could differ materially from those anticipated in this forward‐looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company’s strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
