AI assistant
Ameriwest Critical Metals Inc. — Regulatory Filings 2022
Jan 14, 2022
47874_rns_2022-01-14_d51884f7-2aa7-4fae-b17c-01ca03ddfc58.pdf
Regulatory Filings
Open in viewerOpens in your device viewer
FORM 51-102F3 MATERIAL CHANGE REPORT
Item 1: Name and Address of Company
Ameriwest Lithium Inc. (“Ameriwest” or the “Company”) Suite 306, 1106 Hamilton Street Vancouver, BC V6B 2S2
Item 2: Date of Material Change
December 22, 2021
Item 3: News Release
A news release dated January 7, 2022 was disseminated via Stockwatch and subsequently filed on SEDAR.
Item 4: Summary of Material Change
On December 22, 2021, Ameriwest was notified by counsel for Authium LLC, a Nevada limited liability company (“Authium”), that Authium had filed a complaint in the Fifth Judicial District Court of the State of Nevada (the “Complaint”) against the Company’s wholly owned subsidiary, Oakley Ventures USA Corp., a Nevada corporation (“Oakley USA”), regarding a claim dispute at the Company’s Deer Musk East property (the “Property”). As of the date of the news release described above, the Company had yet to be formally served with a copy of the Complaint or any related litigation documents.
Item 5 Full Description of Material Change
The Complaint, which was filed by Authium on November 24, 2021, alleges that Oakley USA staked certain placer claims that comprise a portion of the Property over existing lode claims previously staked by Authium. In the Complaint, Authium is claiming relief under a number of different legal theories, and in particular, for possession of quiet title, trespass, slander of title and injunctive relief. The Complaint does not specify a particular amount being sought by Authium, but it includes a prayer for damages under two of the theories (trespass and slander) in proportion to the damage Authium is alleging was actually caused by Oakley USA, as well as a prayer for judgment under the two other theories (possession of quiet title and injunctive relief).
Ameriwest plans to contest the Complaint on the basis that the Property is clearly comprised of placer deposits and not load deposits, which would thereby invalidate Authium’s load claims.
Item 6: Reliance on subsection 7.1(2) of National Instrument 51-102
N/A
Item 7: Omitted Information
N/A
Item 8: Executive Officer
Glenn Collick, COO and a Director 778.868.2226 [email protected]
Item 9: Date of Report
January 14, 2022
2