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

Rhea-AI Summary

Ameerex (OTC:HIRU) signed a Memorandum of Understanding to acquire 100% of the Corcoran Canyon Silver-Gold Project in Nye County, Nevada, which hosts an NI 43-101 inferred mineral resource of ~45.6 million silver-equivalent ounces (AgEq) (≈39.0M AgEq pit-constrained; ≈6.66M AgEq underground). The deposit is described as a low-sulfidation epithermal silver-gold system with historical drilling, metallurgical flotation and cyanidation tests showing strong recoveries.

Management plans include updated geological modelling, targeted confirmation drilling, metallurgical optimization and preliminary economic assessments after definitive agreements. Ameerex also said full details of a multi-asset lithium transaction in Argentina and Brazil will be disclosed next week.

Positive

• Resource of ~45.6M silver-equivalent ounces (AgEq)
• Historic flotation and cyanidation tests showed strong recoveries
• Project adds to Ameerex's precious-metals portfolio alongside Balfour nickel-copper-cobalt

Negative

• Acquisition currently under a Memorandum of Understanding, not a definitive agreement
• Mineral estimate is Inferred, indicating higher geological uncertainty
• No transaction terms or purchase price disclosed in the MOU

Key Figures

Inferred resource: 45.6 million AgEq ounces Pit-constrained resource: ~39.0M AgEq ounces Underground resource: ~6.66M AgEq ounces

3 metrics

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

Pit-constrained resource ~39.0M AgEq ounces Pit-constrained component of Corcoran Canyon resource

Underground resource ~6.66M AgEq ounces Underground component of Corcoran Canyon resource

Market Reality Check

Price: $0.0074 Vol: Volume 5,660,987 is below...

low vol

$0.0074 Last Close

Volume Volume 5,660,987 is below 20-day average 33,031,789 (relative volume 0.17x) ahead of this acquisition MOU. low

Technical Price at $0.0042, about 16% below 52-week high $0.0050 and well above 52-week low $0.0003. Shares are indicated as trading above the 200-day MA.

Peers on Argus

Peers in Other Industrial Metals & Mining show mixed moves: GIGGF up 5%, TTSRF u...

Peers in Other Industrial Metals & Mining show mixed moves: GIGGF up 5%, TTSRF up 5.3%, STSBF down 7%, while others are flat. No broad sector momentum confirms this Nevada MOU as stock-specific.

Historical Context

5 past events · Latest: Dec 09 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 09	Acquisition progress	Positive	-14.0%	Advanced Corcoran Canyon MOU and bid for 5,200 boe/day Canadian oilfield.
Dec 08	Nevada project MOU	Positive	+19.1%	Signed MOU for Corcoran Canyon with 45.6M AgEq inferred resource.
Nov 24	Energy expansion	Positive	+0.0%	Announced expansion into oil, gas and minerals via JV and investments.
Nov 11	Oil JV entry	Positive	+23.5%	Confirmed U.S. oil entry with 40% stake in Falcon Caddo Venture.
Jul 17	Restructuring update	Positive	-4.8%	Completed first-phase restructuring and shifted focus to mining/resources.

Pattern Detected

Expansion and acquisition news has often led to positive reactions, but there are notable negative divergences, showing inconsistent follow-through to seemingly constructive updates.

Recent Company History

Over the last six months, Ameerex (OTC:HIRU) has pivoted toward resources, including oil, gas and metals. Key steps included a restructuring with a $1.42 million accounting gain on Jul 17, entry into U.S. oil via a 40% stake in Falcon Caddo on Nov 11, and broader oil and minerals expansion on Nov 24. The Corcoran Canyon silver-gold MOU on Dec 08 and its advancement plus a Canadian oilfield offer on Dec 09 fit an ongoing build-out of diversified energy and metals assets.

Market Pulse Summary

This announcement adds a Nevada silver-gold MOU with an NI 43-101 Inferred resource of 45.6 million ...

Analysis

This announcement adds a Nevada silver-gold MOU with an NI 43-101 Inferred resource of 45.6 million AgEq ounces to Ameerex’s expanding resource platform. It follows recent moves into U.S. oil, Canadian assets and broader energy and minerals, highlighting an aggressive diversification strategy. Investors may focus on how quickly definitive agreements are executed, the results of confirmation drilling and metallurgical work, and the upcoming lithium portfolio disclosure to assess portfolio balance and execution risk.

Key Terms

memorandum of understanding, ni 43-101, inferred mineral resource, silver-equivalent ounces, +4 more

8 terms

memorandum of understanding regulatory

"announces that it has signed a Memorandum of Understanding (MOU) to acquire"

A memorandum of understanding (MOU) is a formal agreement between two or more parties that outlines their shared intentions and plans to work together. It acts like a handshake in writing, clarifying each side’s roles and expectations before any official contract is signed. For investors, an MOU signals that parties are serious about collaboration, which can influence future business opportunities and potential growth.

ni 43-101 regulatory

"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"

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 technical

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

Silver-equivalent ounces express the combined output or resource of a mine in terms of how many ounces of silver it would equal, by converting production of other metals (like gold, lead or zinc) into silver using current market prices. Investors use this single, familiar measure to compare different projects or forecasts—like converting several currencies into one—to see overall scale and value without juggling multiple metal units.

epithermal technical

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

Epithermal describes a type of mineral deposit formed when hot fluids near the Earth’s surface deposit metals such as gold and silver into cracks and porous rock, often creating concentrated ‘veins’ or pockets. For investors, epithermal deposits matter because they can host high-grade, easily accessible ore that may lower extraction costs and shorten the time from discovery to production, affecting project value and exploration risk.

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.

preliminary economic assessments technical

"metallurgical optimization, and preliminary economic assessments."

A preliminary economic assessment is an early-stage study that estimates whether a proposed project could be profitable by combining rough forecasts of costs, production levels and likely revenue. It matters to investors because it provides a first snapshot of potential value and risks—like a quick sketch of a business plan that shows upside possibilities but still leaves many details uncertain and subject to change as the project is developed.

AI-generated analysis. Not financial advice.

ATLANTA, GA AND DOHA, QATAR / ACCESS Newswire / December 6, 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

Chairman & CEO, Khalid Nasser A.S. Al-Thaniof 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

What size resource did Ameerex announce for Corcoran Canyon (OTC:HIRU) on December 6, 2025?

Ameerex reported an NI 43-101 inferred resource of ~45.6 million AgEq ounces (≈39.0M pit, ≈6.66M underground).

Does the December 6, 2025 MOU mean Ameerex (OTC:HIRU) owns Corcoran Canyon outright?

No; the agreement is an MOU to acquire 100% interest, and definitive agreements have not yet been executed.

What near-term technical work did Ameerex (OTC:HIRU) say it will do at Corcoran Canyon?

Ameerex plans updated geological modelling, targeted confirmation drilling, metallurgical optimization and preliminary economic assessments.

Will the Corcoran Canyon resource immediately support production for Ameerex (OTC:HIRU)?

No; the resource is classified as Inferred and Ameerex intends further drilling and studies before any development decisions.

Did Ameerex (OTC:HIRU) disclose the purchase price or deal terms for Corcoran Canyon on December 6, 2025?

No; the press release did not disclose any purchase price or commercial terms for the MOU.

What other corporate news did Ameerex (OTC:HIRU) announce alongside the Corcoran Canyon MOU on December 6, 2025?

Ameerex said it is finalizing a multi-asset lithium transaction in Argentina and Brazil and expects to release full details next week.