Business
AMEEREX CORPORATION (OTC: HIRU) Ameerex Highlights ~96,900 Tonnes Copper Concentrate Equivalent at Its 100%-Owned Balfour Project Based on 2026 Pricing, Representing ~US$1.24 Billion In-Situ Value While Carried on Books at US$47 Million, as Global Copper Demand Accelerates
AMEEREX CORPORATION (OTC: HIRU) Ameerex Highlights ~96,900 Tonnes Copper Concentrate Equivalent at Its 100%-Owned Balfour Project Based on 2026 Pricing, Representing ~US$1.24 Billion In-Situ Value While Carried on Books at US$47 Million, as Global Copper Demand Accelerates.
About this update from Hiru Corp.
[{"type":"text","content":"ATLANTA, GA - Doha, Qatar – March 4, 2026 – Ameerex Corporation (OTC:\r\nHIRU) (“Ameerex” or the “Company” today\r\nprovides an updated valuation perspective for its Balfour Copper Project\r\nlocated in Tasmania, Australia, reflecting current copper market conditions and\r\nupdated copper concentrate benchmark pricing.\r\n\r\nBased on an independent valuation report prepared in\r\naccordance with JORC and NI 43-101 reporting standards, the project hosts an\r\nInferred Mineral Resource of approximately 2.99 million tonnes grading 0.81%\r\ncopper, representing approximately 24,227 tonnes of contained copper metal,\r\nequivalent to approximately 96,900 tonnes of copper concentrate assuming a 25%\r\nCu concentrate benchmark. \r\n\r\nUsing 2026 copper concentrate pricing of approximately\r\nUS$12,820 per tonne, the Company estimates that the gross in-situ value of the\r\nproject’s concentrate-equivalent copper resource may reach approximately\r\nUS$1.24 billion, highlighting the strategic potential of the asset amid\r\nstrengthening global copper fundamentals. \r\n\r\nThe Balfour Copper Project is 100% owned by Ameerex,\r\nwith the Company holding full mineral rights secured for an initial 50-year\r\nterm, renewable under applicable regulations, providing the Company with\r\nlong-term control of the asset and its future development.\r\n\r\n\r\nThe Balfour Copper Project represents an important\r\ncomponent of Ameerex’s expanding base-metal portfolio alongside the Company’s\r\ngrowing exposure to silver, lithium, copper, and oil & gas assets across\r\nmultiple jurisdictions.\r\nThe Company notes that the Balfour project is\r\ncurrently recorded on its balance sheet at approximately US$47 million,\r\nreflecting conservative historical accounting treatment. \r\n\r\nBased on current copper concentrate pricing, the\r\nCompany believes the in-situ value of the mineral resource may significantly\r\nexceed its present book value, highlighting the potential scale of value\r\nrepresented by the asset relative to its accounting value.\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nThe Company is currently reviewing the next phases of\r\ndevelopment for the Balfour asset, including potential resource expansion,\r\ngeological work programs, and strategic development pathways aimed at further\r\nunlocking the project’s long-term value.\r\n\r\n\r\nAme...