New Risk • Mar 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 28% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$57.2m market cap, or US$41.7m). Announcement • Mar 17
Ameerex Corporation (OTCPK:HIRU) entered into a definitive purchase and sale agreement to acquire Centennial Mining Inc. and North American Silver Corporation from Electric Metals (USA) Limited (TSXV:EML) for $3.5 million. Ameerex Corporation (OTCPK:HIRU) entered into a definitive purchase and sale agreement to acquire Centennial Mining Inc. and North American Silver Corporation from Electric Metals (USA) Limited (TSXV:EML) for $3.5 million on January 30, 2026. Under the terms of the Agreement, the total consideration includes $3.5 million, payable in staged cash payments as follows: $300,000 upon execution of the Agreement; $1.1 million payable 90 days after execution; and $2.1 million payable 180 days after execution. The Company will retain a 2.5% net smelter return ("NSR") royalty on production from each of the Corcoran and Belmont properties, subject to a 3.0% total royalty cap inclusive of existing third-party royalties. Ameerex has the right to repurchase the combined NSR royalties for $500,000 on or before the final purchase payment, or thereafter at $1,000,000 per each 0.5% royalty interest.
The transaction is subject to customary conditions, including receipt of the staged and final payment, and completion of certain regulatory and administrative matters. The Company will retain ownership and operational control of the assets until the final payment is made. In connection with the transaction, the Company may pay a finder's fee equal to 3% of the transaction value of $3.5 million, less $90,000, subject to TSX Venture Exchange acceptance. Announcement • Dec 10
An undisclosed buyer signed memorandum of understanding to acquire Corcoran Canyon Property from Electric Metals (USA) Limited (TSXV:EML). An undisclosed buyer signed memorandum of understanding to acquire Corcoran Canyon Property from Electric Metals (USA) Limited (TSXV:EML) on December 4, 2025.
The memorandum is non-binding, non- exclusive, and cancellable by either party at any time, and is preliminary in nature and subject to negotiation and execution of a definitive agreement. 
