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Ameriwest Critical Metals Inc. — Regulatory Filings 2024
Jun 12, 2024
47874_rns_2024-06-12_0f821351-0979-4bb8-a05d-28112658e600.pdf
Regulatory Filings
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FORM 51-102F3 MATERIAL CHANGE REPORT UNDER NATIONAL INSTRUMENT 51-102
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
June 3, 2024.
Item 3: News Release
A news release was disseminated on June 6, 2024 via Baystreet News and Stockwatch News.
Item 4: Summary of Material Change
On June 3, 2024, the Company entered into a settlement and termination agreement (the “ Settlement Agreement ”) with Nova Lithium Inc. (“ Nova ”), Nova Lithium USA Corp., Nova’s wholly owned Nevada subsidiary (“ Nova USA ”), and Ameriwest’s wholly owned Nevada subsidiary, Oakley Ventures USA Inc. (“ Oakley USA ”).
Item 5 Full Description of Material Change
5.1 Full Description of Material Change
Pursuant to the Settlement Agreement, the parties agreed to terminate the mineral property option agreement between Nova USA and Oakley USA dated January 31, 2023, in respect of Oakley USA’s Edwards Creek Valley project, together with all related obligations. In addition, in order to resolve any and all potential disputes between the parties and, in particular, a debt in the approximate amount of US$220,000 owing by Nova USA related to the payment of required claim maintenance fees, Nova agreed to pay C$150,000 to the Company in the form of 1,500,000 common shares of Nova at a deemed price of C$0.10 per share.
5.2 Disclosure for Restructuring Transactions
Not Applicable.
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
David Watkinson, CEO and a Director 778.868.2226 [email protected]
Item 9: Date of Report
June 12, 2024.
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