American Copper Development Corp. Provides Corporate Update

Rhea-AI Summary

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.

Vancouver, British Columbia--(Newsfile Corp. - March 4, 2026) - American Copper Development Corp. (CSE: ACDX) ("American Copper" or the "Company") is pleased to announce the completion of its previously disclosed debt settlement from February 24, 2026. The Company settled an aggregate of $350,000 in outstanding debt related to certain milestone payment obligations through the issuance of 1,166,666 common shares (each, a "Share") at a deemed price of $0.30 per Share to a certain non-related party (the "Debt Settlement").

The Debt Settlement was completed to preserve the Company's cash resources for ongoing exploration and development activities at the Lordsburg Project. The securities issued pursuant to the Debt Settlement are subject to a hold period expiring four months and one day from the date of issuance, in accordance with applicable securities laws.

None of the securities to be issued in connection with the Debt Settlement will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About American Copper Development Corp.

American Copper Development Corp. (CSE: ACDX) is a copper exploration and development company advancing the Lordsburg Project in southwestern New Mexico. Located at the convergence of the Santa Rita and Texas Lineaments within a historic copper-producing district spanning over a century of production, the Company's 2023 maiden drill program confirmed a large-scale porphyry copper system featuring high-grade intercepts, including 144.36 ft of 1.00% CuEq. The Company holds 7,046 hectares of contiguous claims, comprising 790 lode mining claims and 105 patented claims at its Lordsburg property, and is positioned to develop a domestic copper supply critical to electrification, national defense, and infrastructure priorities.

On Behalf of the Board of Directors,

"Anthony Paterson"

Anthony Paterson
CEO and Director

Media & Investor Contact:
American Copper Development Corp.
Email: Invest@american-copper.com
Website: www.american-copper.com

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities legislation. Forward-looking statements include, but are not limited to, statements regarding the Company's plans relating to the Debt Settlement, including the closing thereof, and the Company's strategic objectives. These statements are based on the opinions and estimates of management as of the date of this release and are subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected, including general business and economic conditions, changes in copper prices, the ability to obtain required permits and licenses, exploration risks, and other factors detailed in the Company's public filings. Any forward-looking statement speaks only as of the date on which such statement is made and, except as required by applicable law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286181

FAQ

What did American Copper (ACDXF) announce about the March 4, 2026 debt settlement?

The company issued 1,166,666 common shares to settle $350,000 of debt at a deemed $0.30 per share. According to the company, this equity settlement conserves cash for exploration and development at the Lordsburg Project and implements a standard hold period.

How many shares did American Copper (ACDXF) issue and at what price in the debt settlement?

American Copper issued 1,166,666 common shares at a deemed price of $0.30 per share. According to the company, the issuance satisfied milestone-related obligations totaling $350,000 and preserves cash for ongoing project activities.

What is the purpose of the debt settlement for American Copper (ACDXF)?

The debt settlement was completed to preserve the company's cash for ongoing exploration and development activities at the Lordsburg Project. According to the company, converting $350,000 of obligations into shares reduces near-term cash outflows.

Are the shares issued by American Copper (ACDXF) tradable immediately in the U.S.?

No, the securities issued are not registered under the U.S. Securities Act and cannot be offered or sold in the United States without registration or an exemption. According to the company, the shares are also subject to a four-month-plus-one-day hold period.

When does the hold period expire for the shares issued in American Copper's (ACDXF) debt settlement?

The issued shares are subject to a hold period expiring four months and one day from issuance. According to the company, this hold period complies with applicable securities laws and restricts immediate resale.