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

News Market Reaction

-14.00%

1 alert

-14.00% News Effect

On the day this news was published, HIRU declined 14.00%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Inferred Mineral Resource: 45.6 million AgEq ounces Pit-constrained resource: 39.0 million AgEq ounces Underground resource: 6.66 million AgEq ounces +5 more

8 metrics

Inferred Mineral Resource 45.6 million AgEq ounces NI 43-101 Technical Report for Corcoran Canyon

Pit-constrained resource 39.0 million AgEq ounces Corcoran Canyon pit-constrained component

Underground resource 6.66 million AgEq ounces Corcoran Canyon underground component

Canadian field production 5,200 boe/day Target producing Canadian oilfield under formal offer

Production goal 10,000 barrels per day Stated objective for total producing portfolio

Current share price $0.0042 Price before this news

52-week high $0.005 Pre-news 52-week high level

52-week low $0.0003 Pre-news 52-week low level

Market Reality Check

Price: $0.0067 Vol: Volume 5,660,987 vs 20-da... RSI: RSI(14) is null, off...

low vol

$0.0067 Last Close

Volume Volume 5,660,987 vs 20-day average 33,031,789 ahead of this announcement. low

Technical Price $0.0042 flagged as above the 200-day MA setting of 0.

RSI RSI(14) is null, offering no momentum signal before this news.

Peers on Argus

Peers showed mixed moves: GIGGF +5%, TTSRF +5.3%, while STSBF -7%, others flat, ...

Peers showed mixed moves: GIGGF +5%, TTSRF +5.3%, while STSBF -7%, others flat, indicating stock-specific factors for HIRU.

Historical Context

5 past events · Latest: Dec 09 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 09	Portfolio expansion update	Positive	-14.0%	Advanced Corcoran Canyon deal and offered on 5,200 boe/d Canadian field.
Dec 08	Metals acquisition MOU	Positive	+19.1%	Signed MOU for 100% of Corcoran Canyon silver-gold project in Nevada.
Nov 24	Oil and minerals expansion	Positive	+0.0%	Detailed Falcon Caddo entry, 24M BOE in place and growth plans.
Nov 11	US oil JV entry	Positive	+23.5%	Confirmed 40% stake in Falcon Caddo JV targeting 5,000 BOPD in Texas.
Jul 17	Restructuring completion	Positive	-4.8%	Completed restructuring, booked $1.42M gain and outlined resource-focused shift.

Pattern Detected

Positive strategic and acquisition updates have sometimes aligned with strong gains but also seen several instances where upbeat news was followed by flat or negative moves.

Recent Company History

Over the last six months, HIRU has transitioned into a diversified natural-resources strategy. On Jul 17, it completed restructuring with a $1.42M accounting gain and a pivot to mining. In November, it acquired 40% of Falcon Caddo, targeting up to 5,000 BOPD in Texas and negotiating Canadian production. In early December, it signed and then advanced an MOU for the Corcoran Canyon silver‑gold project with 45.6M AgEq ounces, while expanding toward producing oilfields and exiting encumbered Texas assets.

Market Pulse Summary

The stock dropped -14.0% in the session following this news. A negative reaction despite expansion-f...

Analysis

The stock dropped -14.0% in the session following this news. A negative reaction despite expansion-focused news fits prior patterns where some positive updates, including restructuring and earlier strategic moves, were followed by flat or declining prices. This announcement combined a defined 45.6M AgEq resource with an offer on a 5,200 boe/day field and a decision to drop encumbered projects. Weakness could have reflected doubts around closing transactions or future capital needs rather than the announced resource scale alone.

Key Terms

NI 43-101, inferred mineral resource, silver-equivalent ounces (AgEq), pit-constrained, +1 more

5 terms

NI 43-101 regulatory

"The NI 43-101 Technical Report outlines an Inferred Mineral Resource"

A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.

inferred mineral resource technical

"outlines an Inferred Mineral Resource of 45.6 million silver-equivalent ounces"

An inferred mineral resource is an early-stage estimate of the amount and grade of minerals in the ground based on limited sampling and geological evidence; think of it as a rough sketch of where valuable material might be, rather than a detailed blueprint. It matters to investors because it signals potential upside but carries high uncertainty—further drilling and study are needed before it can support mine planning or reliable economic forecasts.

silver-equivalent ounces (AgEq) technical

"Inferred Mineral Resource of 45.6 million silver-equivalent ounces (AgEq)"

Silver-equivalent ounces (AgEq or ageq) convert the value of various metals in a mine or resource—such as gold, copper, lead, or zinc—into the amount of silver they would equal at current metal prices and typical recovery rates. For investors, it provides a single, comparable measure of total metal value, like converting different currencies into dollars so you can quickly compare the size or potential revenue of different deposits or production streams.

pit-constrained technical

"~39.0M AgEq ounces pit-constrained ~6.66M AgEq ounces underground"

Material described as "pit-constrained" is a mineral resource or reserve that is counted only to the extent it lies inside an imagined, economically viable open-pit shape. Think of it like counting only the fruit reachable within a fenced area rather than the whole orchard; the fence represents what can be profitably dug from the surface. Investors care because it sets a practical limit on how much ore can be mined, which directly affects projected production, costs, mine life and valuation.

barrels of oil equivalent per day (boe/d) technical

"oilfield delivering approximately 5,200 barrels of oil equivalent per day (boe/d)"

Barrels of oil equivalent per day (boe/d) is a unit that converts production of oil, natural gas and other energy liquids into a single oil-based amount measured per day, using a standard energy-based conversion. Investors use boe/d to compare output and revenue potential across companies and projects—like converting different fruits into apple equivalents so you can compare orchards—making it easier to assess production scale, forecasts and asset value.

AI-generated analysis. Not financial advice.

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.