AMEEREX Signs MOU to Acquire 45.6 Million-Ounce Silver-Gold Project in Nevada, Expanding Its North American Precious-Metals Portfolio

Ameerex (OTC:HIRU) signed a Memorandum of Understanding to acquire a 100% interest in the Corcoran Canyon Silver-Gold Project, Nye County, Nevada.

Rhea-AI Summary

Ameerex (OTC:HIRU) signed a Memorandum of Understanding to acquire a 100% interest in the Corcoran Canyon Silver-Gold Project, Nye County, Nevada.

The NI 43-101 outlines an Inferred Mineral Resource of ~45.6 million silver-equivalent ounces (AgEq) (≈39.0M AgEq pit-constrained; ≈6.66M AgEq underground). Historic flotation and cyanidation tests showed strong recoveries. Multiple targets (West, Intrusion, Pediment) are identified for staged expansion.

Ameerex plans updated modelling, confirmation drilling, metallurgical optimisation and preliminary economic assessments after definitive agreements; a separate multi-asset lithium transaction in Argentina and Brazil is expected to be disclosed next week.

Positive

• 45.6M AgEq inferred mineral resource reported
• Historic flotation and cyanidation tests showed strong recoveries
• Project located in Nevada (Tier-1 jurisdiction)
• Multiple exploration targets offer expansion upside

Negative

• Resource classification is Inferred, higher geological uncertainty
• Deal currently a non-binding MoU, requires definitive agreements
• No disclosed production timeline, costs, or economic metrics

Argus Dec 8 session

+19.05% close to close Open Argus

Details

News Market Reaction – HIRU

On Dec 8, the day this news came out, HIRU closed 19.05% above the previous close.

Data tracked by StockTitan Argus for the Dec 8 session.

Key Figures

Inferred resource: 45.6 million AgEq ounces Pit-constrained resource: 39.0M AgEq ounces Underground resource: 6.66M AgEq ounces +1 more

Inferred resource

45.6 million AgEq ounces

Corcoran Canyon NI 43-101 inferred mineral resource

Pit-constrained resource

39.0M AgEq ounces

Pit-constrained portion of Corcoran Canyon resource

Underground resource

6.66M AgEq ounces

Underground portion of Corcoran Canyon resource

Project interest

100%

Planned ownership interest in Corcoran Canyon Silver-Gold Project

Historical Context

5 past events · Latest: Dec 09

5 events

1. Dec 09

   Acquisition progress

   24h Move

   -14.0%

   Advancement of Corcoran Canyon deal and offer for Canadian oilfield asset.

2. Dec 08

   Mining acquisition MOU

   24h Move

   +19.1%

   MOU to acquire Corcoran Canyon project with 45.6M AgEq inferred resource.

3. Nov 24

   Strategic expansion

   24h Move

   +0.0%

   Expansion into oil, gas and minerals via JV and targeted investments.

4. Nov 11

   Oil JV entry

   24h Move

   +23.5%

   Acquisition of 40% stake in Falcon Caddo Venture for Texas oil field.

5. Jul 17

   Restructuring update

   24h Move

   -4.8%

   Completion of restructuring and shift toward mining and natural resources.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

ni 43-101, inferred mineral resource, low-sulfidation epithermal, flotation, +1 more

5 terms

ni 43-101 technical

"The NI 43-101 Technical Report for Corcoran Canyon outlines a substantial..."

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 a substantial Inferred Mineral Resource totaling approximately 45.6..."

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.

low-sulfidation epithermal medical

"The deposit is a low-sulfidation epithermal silver-gold system supported..."

A low-sulfidation epithermal deposit is a type of near-surface mineral vein formed when relatively low-sulfur hot fluids travel through cracks in the rock and leave behind metals like gold and silver. Think of it like a stain left when a liquid carries particles into a crack and then evaporates. For investors, this classification signals typical metal types, expected depth, mining method and cost profile, and how predictable and scalable an exploration or development project may be.

flotation technical

"Historic flotation and cyanidation tests demonstrated strong recoveries..."

Flotation is the process where a privately held business makes its shares available to the public by listing them on a stock exchange, commonly called an initial public offering (IPO). For investors it matters because flotation creates a market price and trading chance for those shares, signals a company's growth plans and need for capital, and changes how the business is governed — like a small shop selling ownership stakes to many new customers to raise money and spread risk.

cyanidation technical

"Historic flotation and cyanidation tests demonstrated strong recoveries..."

Cyanidation is a chemical process that uses a dilute cyanide solution to dissolve and separate gold and other precious metals from mined rock, similar to how detergent dissolves grease so it can be washed away. It matters to investors because it often determines how much metal can be recovered, the cost of production, and the environmental and regulatory risks a mining project faces—factors that directly affect a mine’s profitability and a company’s valuation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ATLANTA, GA AND DOHA, QA / ACCESS Newswire / December 8, 2025 / Ameerex Corporation (OTC:HIRU) ("Ameerex" or the "Company"), a natural-resources group owned and managed by high-profile Qatari investors, announces that it has signed a Memorandum of Understanding (MoU) to acquire a 100% interest in the Corcoran Canyon Silver-Gold Project in Nye County, Nevada.

The NI 43-101 Technical Report for Corcoran Canyon outlines a substantial Inferred Mineral Resource totaling approximately 45.6 million silver-equivalent ounces (AgEq), comprising:

~39.0M AgEq ounces pit-constrained

~6.66M AgEq ounces underground

The deposit is a low-sulfidation epithermal silver-gold system supported by extensive historical drilling, metallurgical work, and clear structural controls. Historic flotation and cyanidation tests demonstrated strong recoveries, supporting the potential for future development.

Geological Framework and Growth Potential

The Project covers a well-mineralized trend with several targets identified for expansion:

West Target - elevated gold and silver indicators

Intrusion Target - interpreted feeder-style mineralization

Pediment Target - untested structural intersections with depth potential

These zones provide multiple opportunities for staged resource growth beyond the existing 45.6M AgEq ounces.

Strategic Relevance to Ameerex

The Corcoran Canyon MoU reinforces Ameerex's strategy to build a diversified portfolio in precious and strategic metals across Tier-1 jurisdictions. Following the execution of definitive agreements, Ameerex plans to advance the Project through updated geological modelling, targeted confirmation drilling, metallurgical optimization, and preliminary economic assessments.

Lithium Portfolio Update - Disclosure Expected by next week

Ameerex confirms that it is in the final structuring phase of a multi-asset lithium transaction in Argentina and Brazil.

The Company expects to release full details next week, upon completion of final documentation with its partners.

This upcoming disclosure aligns with Ameerex's broader vision to expand into energy-transition minerals alongside its precious-metals platform.

Existing Strategic Metals Platform

Corcoran Canyon will complement Ameerex's long-life Balfour Nickel-Copper-Cobalt Project in Western Australia, which remains a cornerstone asset already owned by the Company.

Management Commentary

Khalid Nasser A.S. Al-Thani, Chairman & CEO of Ameerex Corporation, stated: "The MOU for Corcoran Canyon represents a significant addition to our precious-metals portfolio. With 45.6 million silver-equivalent ounces defined and multiple targets for expansion, the Project aligns with our long-term strategy of building a diversified and high-quality metals platform. We look forward to announcing the details of our South American lithium transaction by next week."

ABOUT AMEEREX CORPORATION

Ameerex Corporation (OTC: HIRU) is a diversified natural-resources company owned and managed by high-profile Qatari investors, with a portfolio spanning precious metals, critical energy-transition minerals, and select oil & gas interests.

Ameerex's assets include the Balfour Nickel-Copper-Cobalt Project in Western Australia, the Corcoran Canyon Silver-Gold Project in Nevada under MoU, and a forthcoming lithium transaction in Argentina and Brazil. The Company focuses on disciplined expansion, technical excellence, and long-term value creation across multiple commodity cycles.

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Ameerex (HIRU) announce on December 8, 2025 about Corcoran Canyon?

Ameerex signed a MoU to acquire 100% of Corcoran Canyon, Nevada, with an NI 43-101 showing ~45.6M AgEq inferred.

How large is the Corcoran Canyon resource reported for HIRU?

The NI 43-101 reports approximately 45.6 million AgEq ounces (≈39.0M pit-constrained; ≈6.66M underground).

Does the Corcoran Canyon announcement mean immediate mining for HIRU?

No; the transaction is an MoU and Ameerex plans further modelling, confirmation drilling and economic studies after definitive agreements.

What exploration upside did Ameerex highlight for Corcoran Canyon (HIRU)?

Management identified three targets—West, Intrusion and Pediment—offering multiple expansion opportunities beyond the stated resource.

What evidence supports Corcoran Canyon's development potential for HIRU investors?

Historic drilling, metallurgical work and flotation/cyanidation tests showing strong recoveries are cited as supporting development potential.

Will Ameerex (HIRU) disclose its lithium transactions soon?

Ameerex expects to release full details of a multi-asset lithium transaction in Argentina and Brazil next week after final documentation.