Hiru Corp.OTC: HIRU

Ameerex ends AUEX's unilaterally announced MOU, confirms eml agreement unaffected, and advances transactions to secure control positions in listed mining companies

· Issued by Hiru Corp.

Summary by 6ix AI

Ameerex Corporation (OTCID: HIRU), a US company focused on natural resource and energy assets, says its non-binding memorandum of understanding (MOU) with Advanced Gold Exploration Inc. (AUEX), which AUEX announced on October 2, 2026, is terminated. Ameerex says it concluded AUEX could not perform at the scale the project requires.

Key details

  • The MOU's first step was for AUEX to issue 4,045,500 common shares to Ameerex, followed by a private placement to complete the project acquisition. AUEX did not deliver the shares. Ameerex says it directed AUEX to withdraw from the MOU without consequences.
  • Ameerex's agreement with Electric Metals (USA) Limited to acquire North American Silver Corporation and Centennial Mining, owners of the Corcoran Canyon and Belmont properties in Nye County, Nevada, is unaffected.
  • The Board is evaluating offers from other exchange-listed mining companies. Ameerex says it intends to use its portfolio of assets to secure control positions in listed mining companies across multiple stock exchanges in North America.
  • Ameerex says it expects to formalise a new acquisition, which it expects to close in mid-November 2026, and which it says will add a mining asset to its books.
  • In Hiru Corporation v. Bayern, Ameerex says an internal audit found the water business units allegedly linked to Hiru were never legally owned or controlled by Hiru. It says it is pursuing individuals who used Hiru's name without authority and is seeking relief, including compensation for damages.

What’s still pending

  • The new acquisition has not yet been formalised, and Ameerex expects it to close in mid-November 2026.
  • The Board's evaluation of offers from other exchange-listed mining companies is ongoing.
  • The outcome of the legal proceedings and the relief sought is pending.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/ameerex-ends-auexs-unilaterally-announced-mou-confirms-eml-agreement-unaffected-and-advances-transactions-to-secure-control-positions-in-listed-mining-companies

ATLANTA, GA, October 13th, 2026 – Ameerex Corporation (OTCID: HIRU) ("Ameerex") announces that the non-binding Memorandum of Understanding with Advanced Gold Exploration Inc. (CSE: AUEX) ("AUEX"), announced by AUEX on October 2, 2026, is terminated.

The MOU's first step was AUEX's issuance of 4,045,500 common shares to Ameerex, followed by a private placement to complete the project acquisition. AUEX did not deliver the shares. Ameerex concluded that AUEX could not perform at the scale this project requires, and directed AUEX to withdraw from the MOU without consequences.

EML Agreement remains in place. Ameerex's agreement with Electric Metals (USA) Limited to acquire North American Silver Corporation and Centennial Mining, owners of the Corcoran Canyon and Belmont properties in Nye County, Nevada, is unaffected.

New Acquisitions Update

The Board is evaluating offers from other exchange-listed mining companies. Ameerex intends to deploy its portfolio of assets against blocks of control in listed mining companies, positioning Ameerex across multiple stock exchanges in North America.

Furthermore, Ameerex is expected to formalise a a new acquisition, expected to close in mid-November 2026, that will add a prestigious mining asset to its books.

Legal update.

Ameerex is taking the offensive in Hiru Corporation v. Bayern. An internal audit has uncovered that the water business units allegedly linked to Hiru were never legally owned or controlled by Hiru. Hiru has never had any business or presence in Arizona, directly or indirectly, other than through individuals' unauthorized use of its name and identity. Ameerex has identified those who used Hiru's name without authority in dealings and assets that were never Hiru's, and is pursuing them. The Company is seeking substantial relief, including compensation for the damages caused to it. The legacy belongs with the former controlling persons, who bear responsibility for their own conduct. Under Qatari leadership, Hiru is moving forward with a clear separation from the past and a clear focus on growth.

About Ameerex Corporation

Ameerex Corporation (OTCID:HIRU) is a U.S.-based public company focused on acquiring and developing natural resource and energy assets, including precious metals, critical minerals, and oil and gas interests.

Forward-Looking Statements

Forward-looking statements: This release contains forward-looking information, including regarding the evaluation of offers, the deployment of assets, the new acquisition and its timing, and the progress and outcome of legal proceedings and the relief sought. These are under continuous assessments and evaluations as they are in progress.

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: Ameerex Corp

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