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American Copper Development Corp. explores and acquires mineral property assets, with company updates centered on its Lordsburg Project in southwestern New Mexico. News about ACDXF covers copper-focused exploration results, porphyry and vein mineralization at Lordsburg, land-position updates, and property-purchase obligations tied to the project. Corporate releases also address capital-structure actions such as debt settlements and share consolidation, as well as board and leadership changes connected to the company’s mineral exploration strategy.
American Copper Development Corp (ACDXF) completed a debt settlement announced March 4, 2026, issuing 1,166,666 common shares at a deemed price of $0.30 per share to settle aggregate outstanding obligations of $350,000.
The equity issuance preserves cash for ongoing exploration and development at the Lordsburg Project. Shares are subject to a four-month-plus-one-day hold period and are not registered for sale in the United States without an exemption.
American Copper Development Corp (OTC: ACDXF) joined the U.S. Defense Industrial Base Consortium on February 24, 2026, advancing efforts to develop its flagship Lordsburg Project in southwestern New Mexico.
The company highlighted a 2023 six-hole, 15,291 ft drill program that confirmed a large-scale porphyry system with high-grade intercepts (notably 144.36 ft of 1.00% CuEq, including 9.84 ft of 11.35% CuEq). The company holds 7,046 hectares of contiguous claims. It also intends to settle $350,000 of debt by issuing 1,166,666 shares at $0.30 per share, subject to regulatory approvals and a four-month hold.
American Copper Development Corp (OTC:ACDXF) announced an immediate leadership transition on October 31, 2025. Anthony Paterson was appointed Chief Executive Officer and Director, while Jeremy Ross and Ali Pickett joined the board. The company also reported the resignations of Daniel Schieber (CEO and Director), Stuart Ross, and Marcio Fonseca (Directors), effective October 30, 2025.
The new team said it will undertake a review of the company’s assets, capital structure, and strategic priorities to refocus on value creation and disciplined execution.
American Copper Development (CSE: ACDX) has announced a share consolidation on a 5:1 basis, effective February 24, 2025. The consolidation will reduce the company's outstanding shares from 92,902,254 to approximately 18,580,450 shares. The trading symbol 'ACDX' will remain unchanged, while new CUSIP and ISIN numbers will be assigned.
The consolidation will proportionally adjust the exercise price and number of shares for outstanding convertible securities. Endeavor Trust will process shares held by registered shareholders as of February 24, 2025. The board initiated this consolidation to increase flexibility for future financing opportunities, subject to Canadian Securities Exchange policies.
American Copper Development (CSE: ACDX) announced changes to its Board of Directors on December 19, 2024. Chairman and Director Rick van Nieuwenhuyse and Curtis Freeman have resigned effective December 17, 2024. The board has appointed Michael Murphy as interim Chairman and Director. Murphy brings significant experience in the metals and mining sector, including founding TSX-listed Torex Gold Resources Inc. and holding positions at Merrill Lynch, DLJ, and Credit Suisse. He currently serves as CEO of South Pacific Metals Corp.
American Copper Development (CSE: ACDX) has appointed Marcio Fonseca, P.Geo as an independent board member. Fonseca brings 30+ years of professional experience in mining across multiple commodities and jurisdictions. His notable achievements include involvement in Tier 1 deposit discoveries and the CAD$155M acquisition of SilverCrest Mines by First Majestic Silver Corp. Previously, he served as VP of Corporate Development at SilverCrest Mines and Division Director at Macquarie Bank. He has held senior positions with Vale, Phelps Dodge, and Freeport in Latin America, and currently serves as President, COO and Founder of GR Silver.
American Copper Development (ACDXF) successfully renegotiated terms with Waterton Nevada Splitter , reducing property purchase liabilities by $4.6M or 90%. The company now owes CAD$400,000 by August 2025, down from CAD$5,000,000. Waterton received CAD$625,000 and 1,564,823 shares in exchange. Rick van Nieuwenhuyse, Chairman, sees this as a major step towards owning the Lordsburg district outright, highlighting exciting exploration opportunities amidst a Copper bull-market. The amended terms include payments of CAD$625,000, issuance of 1,546,823 shares, CAD$50,000 due in August 2024, and a final payment of CAD$350,000 in August 2025.
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