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

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.