Ameerex Corporation
Qatari Royal-Backed Mining Play
Why Does This Qatari Royal-Backed Company With $130M in Assets Have a Market Cap of Only $7-20M?
Ticker: HIRU (OTC Markets)
Price Range: $0.0011 - $0.0038 (December 2025)
Shares Outstanding: 6.1 billion (Q3 2025)
Market Cap: $7-20 million
Executive Summary: Ameerex Corporation (OTC: HIRU | Name Change Effective Sept 2025) represents one of the most asymmetric asset plays in the OTC markets. Backed by Qatari royal family capital with a completely debt-free balance sheet, the company holds a 50-year mining concession valued at $47-130 million for Tasmania's Balfour copper project, plus a 40% stake in producing Texas oil wells ramping from 800 to 5,000 barrels per day. Total market cap? Just $7-20 million at current prices. While execution risk is significant and the 6.1 billion share count reflects heavy dilution, the combination of Middle East sovereign-style financing, tangible hard assets, and positioning in copper's super cycle creates a speculative opportunity rarely seen in micro-cap mining.
Company Information: X (Twitter): @HIRUCorporation
This is a comprehensive investment analysis based on company filings, public disclosures, and independent research. This is a high-risk speculative opportunity. Read the full disclaimer at the bottom.
Jump to section: Snapshot | Leadership | The Assets | Financials | Market Opportunity | Investment Thesis | Risks
Investment Snapshot
COMPANY VITALS (As of Q3 2025):
- Current Name: Ameerex Corporation (name change effective Sept 2, 2025)
- Ticker Symbol: OTC: HIRU
- Stock Price Range: $0.0011 - $0.0038 (Dec 2025)
- Shares Outstanding: 6.1 billion (Sept 30, 2025)
- Market Cap: $7-20 million (depending on price)
- Cash Position: $2.7 million (Q3 2025)
- Debt: ZERO - Completely debt-free
- Quarterly Burn: $768,000 (Q3 2025)
- Runway: Less than 1 year without new capital
- Current Revenue: $0 (post-business pivot)
- Headquarters: Doha, Qatar / Atlanta, GA
THE CORE INVESTMENT CASE:
- Asset Valuation Gap: $47-130M in mining assets + producing oil wells vs $7-20M market cap
- Qatari Royal Backing: H.E. Sheikh Khalid Nasser Al-Thani (royal family member) is Chairman/CEO with 19.5% ownership
- Zero Debt: 100% equity-financed by Middle East capital - no toxic convertibles, no death spiral
- Dual Revenue Strategy: Near-term oil (producing now), long-term copper (super cycle timing)
- 50-Year Concession: Balfour mining rights secured through 2074
- Clean Restart: Aug 2024 change of control eliminated legacy water business and all old debt
Leadership: The Qatari Advantage
H.E. Sheikh Khalid Nasser A.S. Al-Thani - Chairman & CEO
The defining characteristic of this investment is access to Qatari sovereign-style capital through a member of Qatar's ruling Al-Thani royal family. Sheikh Khalid brings three critical advantages rarely seen in OTC markets:
1. ACCESS TO DEEP CAPITAL
As a 34-year-old member of the Qatari royal family, Sheikh Khalid has extensive experience managing large investment portfolios for Qatar General Group, some exceeding 5 billion Qatari Riyal ($1.37 billion USD). His family connections provide access to Middle East institutional capital unavailable to typical OTC companies.
2. DEBT-FREE FINANCING PHILOSOPHY
Unlike Western mining companies that leverage themselves into oblivion, Sheikh Khalid's approach mirrors sovereign wealth fund discipline: 100% equity financing, zero debt, no convertible notes. The Falcon Caddo oil deal and Balfour project are funded entirely by personal contributions and Qatari shareholder equity.
3. LONG-TERM ORIENTATION
Middle East capital operates on different timelines than Western investors. A 50-year mining concession aligns with sovereign wealth mentality - build infrastructure, develop resources patiently, harvest returns over decades.
Professional Background
- Assistant CEO, Qatar General Group (2015-present) - One of Qatar's leading insurance and investment groups, majority owned by his father H.E. Sheikh Nasser bin Ali Al-Thani
- Portfolio Management: Extensive experience across financial services, construction, legal, and manufacturing sectors in Qatar and internationally
- Global Network: Active investor in multiple projects and developments across MENA region, UK, Netherlands, and North America
Skin in the Game
OWNERSHIP STRUCTURE:
- Sheikh Khalid Nasser Al-Thani: 1.195 billion common shares (19.5% of 6.1B total)
- Preferred Shares: 5 million shares held by Sihem Chakroun Ep Bou Ali (100% of preferred)
- Preferred Voting Power: Each preferred share = 1,000 common votes (5 billion voting power)
- Combined Control: Management effectively controls the company through preferred shares
Supporting Management Team
James Peter Thorp - CFO: 32-year-old financial professional with extensive international investment experience. Served as advisor and partner to Sheikh Khalid since 2015, managing investments across UK, Netherlands, and MENA region. Founder of successful international consulting firm based in Qatar.
Ian Charles Thorp - COO: 67-year-old specialized technologist with BSc, MSc, and PhD qualifications. Brings technical expertise to operations management.
The Assets: What You're Actually Buying
Asset #1: Balfour Copper Project, Tasmania - The Crown Jewel
THE VALUATION DISCONNECT: Independent evaluation under VALMIN Code valued Balfour at AUD $200 million ($131 million USD). Ameerex books it at $47 million (conservative median valuation). Company market cap? $7-20 million. You're buying $47-131M of copper mining rights for a fraction of stated value.
What is Balfour? A 50-year exclusive mining concession granted September 2024 in northwestern Tasmania, Australia. The project sits in the Balfour-Temma district, a historic copper and tin mining region dating back to the 1800s.
Key Project Details:
| Attribute | Details |
|---|---|
| Location | Balfour, Northwestern Tasmania (270km from Hobart) |
| Concession Term | 50 years (through 2074) with option to extend additional 50 years |
| Resource Type | Copper-cobalt deposit with gold/silver by-products |
| Status | Exploration stage, pre-production |
| Valuation | $47M (booked) / $131M (independent estimate) |
| Exploration History | $15.2M already invested in exploration/development |
| Standards | Evaluated under Canadian NI 43-101 standards |
The Copper Super Cycle Thesis
WHY COPPER NOW?
- Electric Vehicle Revolution: Each EV requires 85kg of copper vs 20kg in conventional cars
- Renewable Energy Build-Out: Solar, wind, and grid infrastructure are copper-intensive
- Supply Deficit: No major new copper mines for decades while demand explodes
- Price Forecasts: Industry analysts project copper exceeding $40,000/tonne (current: ~$9,000)
- Goldman Sachs: "Copper is the new oil"
Balfour's Positioning: The project targets 50,000 tonnes of copper concentrate annually once in production. At $40,000/tonne copper prices (analyst forecasts), this represents potentially $2 billion in gross revenue over a 10-year life of mine. Even at conservative $20,000/tonne, that's $1 billion in revenue potential from an asset you're buying for $7-20 million market cap.
Asset #2: Falcon Caddo Oil Project, Texas - Near-Term Cash Flow
While Balfour represents long-term copper exposure, Falcon Caddo provides near-term revenue potential through producing oil wells.
FALCON CADDO FUNDAMENTALS:
- Location: Rasberry Unit Field, Foard County, Texas
- Size: 4,435 acres in prolific Caddo Limestone Reef formation
- Discovery: Originally discovered by Exxon in 1955
- Resource Estimate: 24 million barrels oil equivalent (BOE) in place
- Ameerex Stake: 40% equity participation (structured to increase)
- Current Production: ~800 barrels per day
- Target Production: 5,000 barrels per day by mid-2026
- Development Plan: 18 well redevelopments + enhanced water injection
- Financing: 100% equity from Qatari shareholders (zero debt)
Revenue Math at $70/Barrel Oil:
| Production Level | Daily Revenue (40% stake) | Annual Revenue (40% stake) |
|---|---|---|
| Current: 800 bpd | $22,400 | $8.2 million |
| Target: 5,000 bpd | $140,000 | $51 million |
Why This Matters: If Falcon Caddo hits 5,000 bpd target, Ameerex's 40% share generates $51M annual revenue. That's 2.5x to 7x the ENTIRE current market cap - per year, recurring. Even at current 800 bpd, it's $8.2M annually, roughly equal to market cap.
Asset #3: Pipeline Projects Under Negotiation
Beyond Balfour and Falcon Caddo, management has disclosed negotiations for:
- Canadian Oil Production: Producing assets delivering 5,000+ barrels per day
- Texas Lithium Investment: Extraction and refinery operations
- Additional Mining Assets: Lithium, cobalt, and gold projects in US, Canada, Australia
These represent potential upside but should be discounted heavily until deals close and terms are disclosed.
Financial Position: Clean but Cash-Constrained
Q3 2025 Balance Sheet Snapshot
ASSETS:
- Cash: $2.7 million
- Other Current Assets: $1.4 million (discontinued water business assets pending disposal)
- Intangible Assets (Balfour): $47.2 million
- Total Assets: $51.4 million
LIABILITIES:
- Accounts Payable: $0
- Notes Payable: $0
- Loans: $0
- Total Liabilities: $0 - COMPLETELY DEBT-FREE
EQUITY:
- Common Stock: $5.05 million (6.1B shares at $0.001 par)
- Shareholder Current Account: $47.2 million (Chairman's capital contribution)
- Accumulated Deficit: ($1.1 million)
- Total Equity: $51.4 million
The Debt-Free Advantage
In the OTC mining space, Ameerex's complete lack of debt is extraordinary. Most micro-cap mining companies are drowning in:
- Toxic Convertible Notes: High interest rates with death spiral conversion features
- Penny Warrants: Creating massive share dilution overhang
- Equipment Loans: Secured debt that limits operational flexibility
- Vendor Financing: Pay-when-paid arrangements that destroy margins
Ameerex has NONE of this. The Qatari financing model is 100% equity, meaning:
- No interest payments draining cash
- No loan covenants restricting operations
- No forced asset sales to service debt
- No bankruptcy risk from covenant violations
- Operational flexibility to develop projects at optimal pace
Revenue History: The 2024 Pivot
| Period | Revenue | Business |
|---|---|---|
| 2023 Full Year | $3.8 million | Water bottling/ice |
| 2024 Full Year | $11.3 million | Water bottling/ice |
| Q3 2025 | $0 | Post-pivot to mining/oil |
What Happened: August 2024 change of control led to abandoning the legacy water business and pivoting entirely to mining and energy. The $11.3M in 2024 revenue was from the OLD business that's now gone. Current state: zero revenue while Falcon Caddo ramps and Balfour develops.
Share Structure:
The single biggest negative is share count explosion:
| Date | Shares Outstanding | Change |
|---|---|---|
| Dec 31, 2023 | 1.94 billion | Baseline |
| Dec 31, 2024 | 4.46 billion | +130% |
| Sept 30, 2025 | 6.10 billion | +37% |
Where Did Shares Go?
- 1.195 billion to Chairman Al-Thani (cash infusion at $0.001)
- 1.05 billion from preferred stock conversion
- 588 million for consultants/advisors
- Remainder from old debt conversions
With 6.1 billion shares out, every penny move = 32% gain. At $0.0020, market cap is $12.2M. At $0.0100, it's $61M. The share count limits absolute price appreciation, but percentage gains can still be substantial if assets get valued properly.
Market Opportunity: Copper's Perfect Storm
Why Copper is the New Oil
Goldman Sachs, Bank of America, and Morgan Stanley all agree: copper is entering a historic super cycle driven by three megatrends.
Megatrend #1: Electrification of Everything
COPPER INTENSITY COMPARISON:
- Internal Combustion Car: 20kg copper
- Electric Vehicle: 85kg copper (4.25x more)
- Conventional Home: 200kg copper
- Renewable-Powered Home: 400kg+ copper
- Wind Turbine (3 MW): 4,700kg copper
- Solar Farm (per MW): 3,000-5,000kg copper
IEA Forecast: Global copper demand from EVs alone will grow from 0.3 million tonnes (2020) to 3.7 million tonnes (2040) - over 12x increase.
Megatrend #2: Grid Infrastructure Buildout
The transition to renewable energy requires massive electrical grid expansion and reinforcement. Every mile of transmission line requires copper. Every substation, every charging station, every data center - all copper-intensive.
- US Bipartisan Infrastructure Law: $65 billion for grid improvements
- EU Green Deal: 300 billion EUR for energy infrastructure
- China's Grid Investment: $500+ billion through 2030
Megatrend #3: Supply Deficit
While demand explodes, supply is constrained:
- No major new copper mines developed in past 20 years
- Existing mines depleting (ore grades declining)
- Permitting timelines: 10-20 years for new mines
- ESG pressure limiting new mine development
- Geopolitical risk (60% of copper from Chile/Peru)
GOLDMAN SACHS FORECAST: Structural copper deficit beginning 2025, widening to 8 million tonnes shortage by 2030. Prices need to reach $15,000-$20,000/tonne to incentivize new supply. Some analysts see $40,000+ in extreme scenarios.
Balfour's Position in This Context
With 50-year concession secured and pre-production exploration funded, Balfour is positioned to benefit from copper super cycle WITHOUT the typical mining risks:
- No Permitting Risk: 50-year concession already granted
- No Land Acquisition Risk: Rights secured
- No Financing Risk: Debt-free Qatari backing
- Low Political Risk: Australia (stable jurisdiction, not Latin America)
- ESG Compliant: First-world environmental standards, not third-world
If copper does hit $20,000+ per tonne over next 5-10 years, the Balfour asset value could explode. At current $9,000/tonne, the reserve value supports current book value. At $20,000/tonne, reserve value potentially doubles. At $40,000/tonne (bull case), it quadruples.
The Investment Thesis
Why Ameerex Offers Extraordinary Asymmetric Risk/Reward:
- Asset-Market Cap Dislocation: $47-131M in Balfour copper assets + producing Falcon Caddo oil wells vs $7-20M market cap. You're buying assets at 10-90 cents on the dollar.
- Sovereign-Style Financing: Qatari royal backing provides access to patient capital with no debt, no convertibles, no death spirals. This is how sovereign wealth funds develop resources, not how typical OTC mining scams operate.
- Copper Super Cycle Timing: Positioned in copper just as structural deficit begins. If Goldman Sachs is right about $15-20k/tonne prices, Balfour's value multiplies.
- Near-Term Revenue Catalyst: Falcon Caddo producing NOW and targeting 6x production increase to 5,000 bpd. At target, generates $51M annual revenue (2.5-7x market cap).
- Debt-Free Optionality: With zero debt, company has operational flexibility to develop assets optimally rather than being forced into sub-optimal decisions by lenders.
- 50-Year Time Horizon: Concession runs through 2074 with extension option. This isn't a flip - it's infrastructure-style asset development.
- Multiple Shots on Goal: Balfour (copper), Falcon Caddo (oil), plus pipeline deals in Canada (oil) and Texas (lithium). Only ONE needs to hit big for substantial returns.
- Low Cost Basis: At $0.0011-$0.0038, your downside is capped (stock can't go below zero) while upside is theoretically unlimited if assets get properly valued.
The Simple Math
SCENARIO ANALYSIS:
Conservative Case ($0.01/share):
- Market Cap: $61 million
- Implies: Modest Falcon Caddo revenue + Balfour valued at 50% of book
- Return from $0.0020: 400%
Base Case ($0.025/share):
- Market Cap: $152 million
- Implies: Falcon Caddo at target + Balfour at book value
- Return from $0.0020: 1,150%
Bull Case ($0.10/share):
- Market Cap: $610 million
- Implies: Balfour in production + copper super cycle pricing
- Return from $0.0020: 4,900%
Even conservative case delivers 4x. Base case is 11x. Bull case is 49x. The asymmetry is extreme because downside is maybe 50-70% (company has tangible assets even in worst case) while upside is exponential if execution delivers.
The Bottom Line
Ameerex Corporation represents a rare convergence of factors that could create substantial returns for risk-tolerant speculators:
DOWNSIDE CASE: Management fails to execute, Qatari backing evaporates, assets prove uneconomic. Stock goes to $0.0005 or lower. You lose 50-75%+ of investment. This is a real possibility with any OTC mining play.
BASE CASE: Falcon Caddo hits production targets (5,000 bpd), generates $50M+ annual revenue. Balfour continues development with Qatari funding. Market re-rates assets to fair value. Stock reaches $0.01-$0.025 range (400-1,150% returns).
BULL CASE: Copper super cycle materializes with prices hitting $20-40k/tonne. Balfour enters production. Canadian oil deal closes. Multiple revenue streams. Market cap reaches $300-600M. Stock hits $0.05-$0.10 (2,400-4,900% returns).
What Makes This Different from Typical OTC Mining Scams?
- Real Assets: Balfour concession is documented in filings with 50-year term. Falcon Caddo is producing oil NOW.
- Debt-Free: Zero toxic debt, zero convertibles. Qatari equity financing mirrors sovereign wealth fund discipline.
- Identifiable Backers: Sheikh Khalid Nasser Al-Thani is a real person from Qatar's royal family with verifiable background.
- Clean Restart: August 2024 change of control eliminated all legacy water business debt and liabilities.
- Professional Auditor: F&Y Auditors (Doha, Qatar) - not a basement CPA.
- Tangible Milestones: Falcon Caddo production ramp is measurable. Balfour exploration spending is trackable.
Is this bulletproof? No. Could it still fail? Absolutely. But it has MORE substance than 95% of OTC mining promotions that are pure share-selling schemes with no real assets.
The Core Question
Is a debt-free company with $47-131M in copper assets, producing oil wells ramping to $50M annual revenue, backed by Qatari royal family capital, worth more than $7-20M?
If your answer is YES, then Ameerex at current prices offers extraordinary asymmetric upside.
If your answer is NO (because you don't trust management, don't believe in copper super cycle, or think Qatari backing is insufficient), then pass on this entirely.
Final Thoughts
At $0.0011-$0.0038 per share, Ameerex is priced as if assets have zero value and company will fail. Maybe the market is right. Maybe execution collapses. Maybe Qatari backing proves hollow.
But if management delivers even 50% of what they're promising - Falcon Caddo revenue, Balfour development progress, continued debt-free financing - this stock should trade multiples higher.
The asymmetry is real. The risks are substantial. The opportunity is there for those willing to bet on sovereign-style resource development in an OTC wrapper.
The window for speculative entry is now, before production numbers and resource reports prove or disprove the thesis.
Follow Company Updates: X (Twitter): @HIRUCorporation
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DISCLAIMER & RISK DISCLOSURE
Not Investment Advice: This is educational content only. Not a recommendation to buy or sell. HIRU is a high-risk investment.
Do Your Own Work: We haven't independently verified anything. All projections are speculative and may not happen. Talk to a licensed financial advisor before investing. Never invest money you can't afford to lose.
Our Position: We hold positions in HIRU and will sell to make a profit without notice. DDAmanda received no compensation from the company for this report.
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