AWCM Could Be Our Biggest Copper Discovery Yet

In 2023, we originally made the copper explorer Gladiator Metals (TSXV: GLAD) our #3 overall stock suggestion at $0.50 per share and we later changed it to Power Metallic Mines (TSXV: PNPN) at $0.225 per share. GLAD hit a new all-time high on Friday of $2.08 per share for a gain of 316% and PNPN is currently $1.51 per share for a gain of 571.11%.

Ameriwest Critical Metals (CSE: AWCM) could be our most important copper stock suggestion yet.

We already know that AWCM’s Bornite Pipe contains a historical high-grade copper resource from the early 1990s that was almost developed by Plexus Resources, which later merged to become Kinross Gold (KGC). Kinross then sat on the property for nearly a decade until it became forgotten about, with no work taking place since 1993.

AWCM has identified five additional breccia pipe-style exploration targets at its 100%-owned Bornite Property.

• The new targets are located in the northeast corner of Ameriwest’s expanded claim block, which now covers:
  • 87 unpatented mineral claims
  • Approximately 1,740 acres
• These new targets are believed to complement the company’s main focus:
  • the known Bornite copper–gold–silver breccia pipe
• Management believes the Bornite Pipe may be part of a larger cluster of breccia pipes, which could significantly increase the project’s long-term exploration potential.

The earliest work on AWCM’s property was completed by the mineral subsidiary of Amoco Corporation, which was once one of the largest oil companies in the world and is now part of BP plc (BP). Amoco’s mineral subsidiary later became Cyprus, which was then acquired by Phelps Dodge, which itself was later acquired by the world’s largest copper producer Freeport-McMoRan (FCX).

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA received compensation from GLAD of US$100,000 cash for a twelve-month marketing contract which has since expired. NIA received compensation from PNPN of US$50,000 cash for a six-month marketing contract which has since expired. NIA’s President has purchased 240,000 shares of AWCM in a private placement and owns 240,000 AWCM warrants to buy more shares. NIA is receiving compensation from AWCM of US$100,000 cash for a twelve-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.