Norwest Minerals Limited (ASX:NWM) agreed to acquire Four West Aruna tenements from Amery Holdings Pty Ltd on February 14, 2024. Norwest Minerals Limited (ASX:NWM) will issue 1 million shares on or before February 15, 2024 and 17 million shares within 2 days of capital raising. Norwest Minerals Limited (ASX:NWM) will pay AUD0.25 million in cash by February 29, 2024.

Norwest Minerals Limited will issue 9 million options within 2 days of shareholder approval. If shareholder approval not given, there is no obligation on NWM to issue options. Norwest Minerals Limited (ASX:NWM) will raise AUD 1.076 million for the acquisition.