American West Metals Secures Funding and Unveils Robust PEA for Storm Copper Project

• Storm Copper Project PEA shows post-tax NPV of US$149 million and IRR of 46%
• Low capital expenditure of US$47.4 million initial and operating costs at US$2.63/lb Cu
• Strategic US$2 million placement and up to 80% project debt financing secured with Ocean Partners
• Exploration drilling planned to expand copper resources at Storm and regional targets