Australia's American West Metals slips on discounted placement

American West Metals

04/05/2026 01:36

** Shares of Australia's American West Metals AW1.AX fall as much as 16.4% to A$0.046, their lowest level since April 13

** Stock marks its weakest intraday trading session since October 22, 2025

** Company receives firm commitments to raise A$10 million ($7.21 million) via a placement at A$0.045 per share

** Issue price represents a discount of 18.2% from stock's last close

** Capital raising to allow funding for advancing the company's critical metals portfolio

** YTD, stock down 6%, including the day's moves

($1 = 1.3870 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))