Ameriwest Critical Metals Announces Upsized CDN$3,000,000 Non-Brokered Private Placement Financing

Vancouver, British Columbia, January 20th, 2026 -- Ameriwest Critical Metals Inc. (“Ameriwest” or the “Company”) (CSE: AWCM) (OTC: AWLIF) (FSE: 5HV), is pleased to announce that, due to strong investor demand, it has upsized its previously announced non-brokered private placement (the “Private Placement”) from up to CDN$2,000,000 to up to CDN$3,000,000, on the same terms as previously disclosed.

The Company intends to complete a non-brokered private placement of up to 12,000,000 units of the Company (each, a “Unit”) at a subscription price of CDN$0.25 per Unit for gross proceeds of up to CDN$3,000,000. Each Unit will consist of one common share in the capital of the Company (each, a “Share”) and one non-transferable common share purchase warrant of the Company (each, a “Warrant”). Each Warrant will be exercisable to acquire one additional Share (each, a “Warrant Share”) at an exercise price of CDN$0.40 per Warrant Share for a period of 18 months from the date of issuance.

The Company intends to use the proceeds of the Private Placement for exploration, general corporate, and working capital purposes. The additional funds are intended to allow the Company to increase and accelerate its exploration efforts on its Bornite Project, including advancing exploration and permitting related work programs. Ameriwest’s longer-term objective is to fast-track the Bornite Project through exploration and permitting, with the future goal, subject to technical results, the availability of financing, and receipt of all required permits and regulatory approvals, of evaluating the development of an approximately 1,000-tonne-per-day underground copper mining operation.