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ATLANTA, GA - Doha, Qatar – March 4, 2026 – Ameerex Corporation (OTC: HIRU) (“Ameerex” or the “Company” today provides an updated valuation perspective for its Balfour Copper Project located in Tasmania, Australia, reflecting current copper market conditions and updated copper concentrate benchmark pricing.
Based on an independent valuation report prepared in accordance with JORC and NI 43-101 reporting standards, the project hosts an Inferred Mineral Resource of approximately 2.99 million tonnes grading 0.81% copper, representing approximately 24,227 tonnes of contained copper metal, equivalent to approximately 96,900 tonnes of copper concentrate assuming a 25% Cu concentrate benchmark.
Using 2026 copper concentrate pricing of approximately US$12,820 per tonne, the Company estimates that the gross in-situ value of the project’s concentrate-equivalent copper resource may reach approximately US$1.24 billion, highlighting the strategic potential of the asset amid strengthening global copper fundamentals.
The Balfour Copper Project is 100% owned by Ameerex, with the Company holding full mineral rights secured for an initial 50-year term, renewable under applicable regulations, providing the Company with long-term control of the asset and its future development.
The Balfour Copper Project represents an important component of Ameerex’s expanding base-metal portfolio alongside the Company’s growing exposure to silver, lithium, copper, and oil & gas assets across multiple jurisdictions.
The Company notes that the Balfour project is currently recorded on its balance sheet at approximately US$47 million, reflecting conservative historical accounting treatment.
Based on current copper concentrate pricing, the Company believes the in-situ value of the mineral resource may significantly exceed its present book value, highlighting the potential scale of value represented by the asset relative to its accounting value.
The Company is currently reviewing the next phases of development for the Balfour asset, including potential resource expansion, geological work programs, and strategic development pathways aimed at further unlocking the project’s long-term value.
Ameerex will continue to provide updates as its broader acquisition and development strategy progresses.
About AMEEREX Corporation
AMEEREX Corporation is a U.S.-based strategic investment and resource development company with a diversified portfolio spanning critical minerals, precious metals, and energy assets.
Under the leadership of CEO and Chairman Khalid Nasser A.S. Al-Thani, who brings significant international finance and investment expertise, the company is positioned to identify and capitalize on diverse market opportunities in the Mining and Energy sectors. HIRU's strategy leverages its strong Qatari connections and global network to pursue value-creating investments and strategic partnerships.
Ameerex Corporation (OTC: HIRU) is a diversified natural-resources company operating across North America and Australia. The Company focuses on producing oil and gas assets, precious metals, and critical base-metal projects. Ameerex applies a disciplined acquisition strategy centered on clean title, immediate production, and long-term value creation.
Forward-Looking Statements: Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially. The company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise.
Investor Relations
Ameerex Corporation – Atlanta GA
Doha, Qatar
3379 Peachtree Road NE, Suite 700
Atlanta, GA 30326
Email: info@ameerex.com
Website: www.ameerex.com
Phone: +1 775-312-2773
Corporate Communications
https://x.com/thehirucorp
OTC Markets
https://www.otcmarkets.com/stock/HIRU
