Ameriwest Lithium Announces Conditional List Approval


VANCOUVER, British Columbia, Sept. 15, 2022 (GLOBE NEWSWIRE) — Ameriwest Lithium Inc. (there “Company” Where “ameriwest”) (CSE: AWLI) is pleased to announce that, pursuant to the Company’s previously announced plan of arrangement (the “Arrangement”) with ISM Resources Corp. (“ISM), the Canadian Securities Exchange (the “CSE“) conditionally approved the registration of ordinary shares in the capital of ISM (the “ISM Stocks”). The Arrangement is expected to become effective on or about September 23, 2022 (the “Effective date”), and the Company and ISM are expected to begin trading as separate companies on or about September 29, 2022. The ISM Shares will begin trading on the CSE under the symbol “ISM”.

As further described in the Company’s Management Information Circular dated May 30, 2022, the primary purpose of the Arrangement is to allow Ameriwest to focus on the exploration and development of four lithium in Nevada and Arizona by mining certain non-lithium minerals ISM claims.

Under the Arrangement, and among others:

  • holders of Ameriwest common stock (each, a “Ameriwest Sharing”) shall be entitled to receive one quarter (1/4) of an ISM Share for each Ameriwest Share held;
  • holders of Ameriwest stock options (each, a “Ameriwest Option”) will receive one quarter (1/4) of an option to call one ISM share for each Ameriwest option held; and
  • holders of warrants to purchase Ameriwest shares (each, a “Ameriwest Mandate”) will receive one quarter (1/4) of a warrant to purchase one ISM share for each Ameriwest warrant held.

Upon completion of the Arrangement, each Ameriwest Securityholder will (i) retain their respective interest in Ameriwest and (ii) acquire an interest in ISM proportionate to their current interest in Ameriwest.

The Company encourages potential investors who wish to participate in the Arrangement and, therefore, in the value associated with the development, operation and growth of ISM’s business. to ensure that they hold the desired number of Ameriwest shares on the effective date.

ISM company CEO Michael Gheyle commented“We look forward to CSE listing and are excited to continue exploration efforts at the ESN Gold Project in White Pine County, Nevada, and the Koster Dam Project in joint venture with Cariboo Rose Resources LTD located in south-central British Columbia.”

The Arrangement remains subject to the satisfaction of closing conditions, including final approval by the CSE.

For further information on the Arrangement, please see the above-mentioned information circular available on the Company’s SEDAR profile at

About Ameriwest Lithium Inc. (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0) Ameriwest Lithium Inc. is a Canada-based exploration company focused on identifying and developing strategic mineral resources lithium clay and brine in Nevada and Arizona. The Company is currently exploring its 6,900 acre lithium clay property in the Thompson Valley of Arizona. In Nevada, it is exploring its 15,300-acre Railroad Valley lithium brine property, its 22,210-acre Edwards Creek Valley lithium brine property, its 5,760-acre Little Smoky Valley lithium clay property and its 7,380-acre Deer Musk East lithium brine. For more information visit:

On behalf of the Board of Directors

Glenn Collick
Chief Operating Officer, Administrator

For more information, please contact:

Glenn Collick
Chief Operating Officer, Administrator
(778) 868-2226

The Canadian Securities Exchange has in no way passed on the merits of the matters mentioned herein and has neither approved nor disapproved of the contents of this press release.

Caution Regarding Forward-Looking Information

Certain statements contained in this press release may constitute forward-looking information.

Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “have the intention of”, “should”, and similar expressions relating to the Company, the completion of the proposed arrangement and all transactions associated therewith, the effective date of the closing of the arrangement and the start date of negotiations, are intended to identify forward-looking information. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including, without limitation: the CSE providing final approval of the proposed arrangement and listing of the ISM shares. The Company’s actual results could differ materially from those anticipated in this forward-looking information due to regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes in the Company’s strategic growth plans and other factors, many of which are beyond the Company’s control. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that such expectations will prove to be correct and undue reliance should not be placed on such forward-looking information. Any forward-looking information contained in this press release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Not for distribution to US Newswire services or broadcast in the United States. Failure to comply with this restriction may constitute a violation of United States securities laws.


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