Ameerex Advances Corcoran Canyon Silver-Gold Acquisition and Prioritizes Producing Oil Assets With Offer for 5,200 BOE/Day Canadian Field

Rhea-AI Summary

Ameerex Corporation (OTC:HIRU) announced coordinated progress across metals and energy portfolios on December 9, 2025. Key actions include advancement of the Corcoran Canyon Silver-Gold Project MOU toward a definitive acquisition agreement on 31 January, contractor selection in Nevada, and an NI 43-101 Inferred Mineral Resource of 45.6 million silver‑equivalent ounces (AgEq) (~39.0M pit, ~6.66M underground).

The company also submitted a formal offer for a Canadian oilfield delivering ~5,200 boe/day with developed infrastructure and immediate revenue potential, aims to build to ~10,000 boe/day, and elected not to proceed with certain non‑producing assets after due diligence revealed creditor encumbrances.

Positive

• Inferred resource 45.6M AgEq ounces (NI 43-101)
• Offer for a 5,200 boe/day producing Canadian oilfield
• Targeting ~10,000 boe/day through disciplined acquisitions

Negative

• Decided not to proceed with Falcon after updated criteria
• Due diligence found liens and creditor claims at Caddo oilfield

ATLANTA, GA AND DOHA, QATAR / ACCESS Newswire / December 9, 2025 / Ameerex Corporation (OTC:HIRU) ("Ameerex" or the "Company") announces coordinated progress across its precious-metals and energy portfolios, beginning with advancement of the Corcoran Canyon Silver-Gold Project in Nevada and continuing with strategic steps to expand into clean-title, producing oil assets across North America.

Corcoran Canyon Silver-Gold Project - MoU Advancing Toward Definitive Agreement on 31 January

Ameerex confirms that the Memorandum of Understanding (MOU) to acquire a 100% interest in the Corcoran Canyon Silver-Gold Project is advancing toward a definitive acquisition agreement on 31 January.

Ameerex has begun the selection of qualified Nevada-based operators and subcontractors to support the next phase of work at Corcoran Canyon. This contractor-selection process will ensure that the Company is positioned to begin operational activities following the 31 January agreement and advance the Project's development timeline.

The NI 43-101 Technical Report outlines an Inferred Mineral Resource of 45.6 million silver-equivalent ounces (AgEq), comprising:

~39.0M AgEq ounces pit-constrained

~6.66M AgEq ounces underground

Corcoran Canyon represents a large-scale precious-metals system with significant room for expansion, supporting Ameerex's long-term strategic metals platform.

Offer Submitted for ~5,200 BOE/Day Producing

Canadian Oilfield

In alignment with its priority focus on clean title, producing assets, Ameerex has submitted a formal offer to acquire a major Canadian oilfield delivering approximately 5,200 barrels of oil equivalent per day (boe/d).

The asset features:

~5,200 boe/day stable production

Fully developed infrastructure

Low-decline, multi-zone reservoirs

Immediate revenue contribution upon closing

This acquisition target strengthens Ameerex's objective of building a substantial producing portfolio and is complemented by ongoing negotiations with operators of producing oilfields in Texas and Kansas. These discussions involve multiple fields with established production histories, existing operational teams, and stable infrastructure, forming part of the Company's strategic plan to expand its production base and support its goal of reaching approximately 10,000 barrels per day through disciplined selection of assets that meet strict title, operational, and revenue criteria.

Strategic Alignment - Falcon Decision and Caddo Risk Findings

Following its shift toward sizeable producing assets such as the Canadian field now under offer, Ameerex confirms that it will not proceed with the Falcon project, which did not meet the Company's updated acquisition criteria focused on clear title, verified creditor standing, and near-term cash-flow potential.

This disciplined approach was reinforced by the Company's extended due-diligence review of the Caddo Oilfield in Texas, where Ameerex identified undisclosed liens, outstanding debts,

creditor claims, and associated financial encumbrances tied to the asset

Ameerex therefore elected not to proceed with Caddo. No liens, obligations, or creditor risks were transferred to the Company.

Capital originally allocated to evaluate non-producing Texas assets has been redirected toward clean-title, revenue-generating opportunities such as the Canadian acquisition under negotiation.

Integrated Natural-Resources Strategy

Ameerex is building a balanced natural-resources platform combining:

• high-grade, scalable precious-metals assets (Corcoran Canyon),

• cash-flowing oil production (Canada and future producing acquisitions), and

• long-life nickel-copper-cobalt resources (Balfour Project, Western Australia).

ABOUT AMEEREX CORPORATION

Ameerex Corporation (OTC:HIRU) is a diversified natural-resources company operating across North America and Australia. The Company focuses on producing oil and gas assets, precious metals, and critical base-metal projects. Ameerex applies a disciplined acquisition strategy centered on clean title, immediate production, and long-term value creation.

Investor Relations

Ameerex Corporation - Doha, Qatar

3379 Peachtree Road NE, Suite 700
Atlanta, GA 30326
Email: info@ameerex.com
Phone: +1 775-312-2773

Corporate Communications
https://x.com/thehirucorp

OTC Markets

https://www.otcmarkets.com/stock/HIRU

SOURCE: Hiru Corp.

View the original press release on ACCESS Newswire

FAQ

What did Ameerex (HIRU) announce about the Corcoran Canyon project on December 9, 2025?

Ameerex said the MOU is advancing toward a definitive acquisition agreement on 31 January and it is selecting Nevada contractors to begin operations.

How large is the NI 43-101 inferred resource at Corcoran Canyon (HIRU)?

The NI 43-101 reports an inferred resource of 45.6 million silver‑equivalent ounces (about 39.0M pit and 6.66M underground).

What are the details of the Canadian oilfield offer mentioned by Ameerex (HIRU)?

Ameerex submitted an offer for a producing Canadian oilfield with approximately 5,200 boe/day, developed infrastructure, and immediate revenue upon closing.

How does the Canadian offer affect Ameerex's production targets (HIRU)?

The Canadian asset supports Ameerex's plan to build a producing portfolio toward approximately 10,000 boe/day via additional disciplined acquisitions.

Why did Ameerex (HIRU) walk away from the Caddo oilfield and Falcon project?

Extended due diligence identified undisclosed liens, debts, and creditor claims at Caddo, and Falcon failed to meet the company's updated clean‑title and near‑term cash‑flow criteria.

When will investors expect next milestones for Ameerex's (HIRU) Corcoran acquisition?

Ameerex indicated the MOU is progressing toward a definitive agreement on 31 January, after which selected contractors may begin operational work.