The Company holds an equity investment in American West Metals Limited, listed on the Australian Stock Exchange (ASX: AW1). American West is advancing the West Desert zinc-copper project and the Storm Copper and Copper Warrior projects in North America.
In addition, InZinc will receive 50% of the revenue (NSR) from the sale of indium mined from West Desert. American West has the right to reduce the NSR to 25% by paying InZinc US$5,000,000 in cash at any time prior to the first sale of indium from the project.
On December 13, 2023, American West issued a JORC (the Australasian Joint Ore Reserves Committee) Inferred Mineral Resource Estimate, which includes indium, at their West Desert project in Utah.
For further information on American West Metals Limited see www.americanwest.com.