American Critical Minerals reports on mineral exploration activity centered on the Green River Potash and Lithium Project in Utah's Paradox Basin. Company updates focus on potash, lithium and bromine exploration targets, technical reports prepared under Canadian mining disclosure standards, drill program planning and project logistics.
Recurring news also covers financing activity used to support exploration work, governance and senior team changes, and clarification of technical disclosure. The company is traded on the OTCQB under APCOF, with additional listings on the CSE and Frankfurt markets identified in company releases.
American Critical Minerals (APCOF) has completed drilling and coring of the Duma Point AP‑S‑02 well at its Green River Project in Utah, reaching a total depth of 2,818 metres (9,245 feet) on September 13, 2026.
The well was sited about 2,000 feet from the historic Quintana Fed 1‑1 oil and gas well to validate historic potash data that reported 5.9 m grading 24.3% eKCl in Cycle 5. Initial core logging confirms the presence of sylvite mineralization within the Cycle 5 potash bed, and wireline geophysical logs indicate depths and apparent thicknesses consistent with the historic Cycle 5 interval, with strong correlation to previously reported grades and thicknesses.
Wireline logs also identified potential lithium‑ and bromine‑bearing brine aquifers in the Paradox and Leadville formations. Brine was successfully sampled from both formations and sent to ACZ Laboratories in Colorado, while Cycle 5 potash core is being shipped to Saskatchewan Research Council for detailed geochemical analysis. The well has been cemented and abandoned in line with state permit requirements, and rig demobilization is expected by approximately September 25, 2026.
American Critical Minerals (APCOF) upsized and closed a non-brokered private placement, issuing 12,675,000 units at $0.20 each for gross proceeds of $2,535,000.
Each unit comprises one common share and one warrant exercisable at $0.35 until September 9, 2029. Net proceeds will bolster the treasury and fund drilling at the Green River Project, including completion of the AP-S-2 Duma Point well, and provide working capital. The company paid $161,000 in cash and issued 799,750 finder warrants to arm’s-length brokerage firms. All securities carry a four‑month‑plus‑one‑day hold, expiring January 10, 2027. Directors and a senior officer subscribed for 300,000 units under MI 61‑101 exemptions.
Chairman Simon Clarke resigned from the board effective immediately and will remain as an advisor as the Green River potash and lithium project advances.
American Critical Minerals (CSE:KCLI, OTCQB:APCOF) has repriced its proposed non-brokered private placement, now targeting up to $2,000,000 through the sale of up to 10,000,000 Units at $0.20 per Unit. Each Unit comprises one common share and one common share purchase warrant, with each warrant exercisable at $0.35 for three years. Net proceeds are intended to strengthen the treasury and fund drilling at the Green River potash and lithium project in Utah, plus working capital. Closing is subject to regulatory approvals, and all securities will be subject to a four‑months‑and‑one‑day resale restriction. The company highlights Green River’s large land position, historic well data, and conceptual exploration targets for potash, lithium and bromine, while cautioning that these targets are early stage and do not yet constitute mineral resources under NI 43‑101.
American Critical Minerals (OTCQB: APCOF) has executed a drilling services contract with J.A. Drake Well Service for its 100%-owned Green River Project in Utah and is mobilizing the rig. The inaugural Duma Point AP-S-02 well aims to validate historic drill data and core key Paradox Formation potash horizons, as well as sample lithium- and bromine-bearing brines in the Paradox and Leadville formations. Drilling is expected to take about 35 days. All major subcontractors are secured, and the company has regulatory approvals including NOI, SWPPP and bonding. RESPEC Company is managing the 2026 drill program, with core and brine analyses to be conducted at specialized laboratories in the United States and Canada.
American Critical Minerals (OTCQB:APCOF) announced a non-brokered private placement of up to 8,000,000 units at $0.25 per unit to raise gross proceeds of up to $2,000,000. Each unit includes one common share and one warrant exercisable at $0.35 for three years. The company plans to use net proceeds to fund drilling at its Green River Potash and Lithium Project in Utah and for working capital. Closing is subject to regulatory approvals, and securities will be subject to a four-month-and-one-day resale restriction.
The company targets drilling its first well at the Duma Point AP-S-02 location in August, supported by RESPEC as drill program manager and Harrison Field Services for pad construction. Green River hosts conceptual exploration targets for sylvinite, lithium and bromine, but no NI 43-101 mineral resources have yet been defined.
American Critical Minerals (OTCQB:APCOF) completed its warrant exercise incentive program, raising $1,185,000 through the exercise of 4,740,000 common share purchase warrants. The company plans to use the cash to strengthen its treasury, fund working capital, and advance the Green River Project.
Holders who exercised Eligible Warrants at $0.25 per share by June 28, 2026 received one new Incentive Warrant per warrant. Incentive Warrants are exercisable at $0.35 per share until June 22, 2029, subject to a four-month-plus-one-day hold period.
American Critical Minerals (OTCQB: APCOF) has mobilized a field crew to the Green River Project in Utah to begin drill pad construction. Harrison Field Services is engaged for pad construction and SWPPP monitoring. Drilling is anticipated to start in July or August 2026, targeting the Duma Point AP-S-02 well under Utah Permit 51690.
RESPEC will execute the 2026 drill programs. Required regulatory items, including NOI, SWPPP and bonding, are in place. An additional $65,000 security bond is being arranged, and a Right-of-Way Encroachment Permit for county road access has been filed.
American Critical Minerals (OTCQB:APCOF) extended its early warrant exercise incentive program to June 28, 2026. The Program covers up to 10,304,000 warrants exercisable at $0.25. Early exercisers receive one new warrant per share at $0.35, expiring June 22, 2029.
Proceeds are earmarked for working capital and advancing the Green River Project. Unexercised warrants after the Program End Date remain on existing terms, without new incentive warrants.
American Critical Minerals (OTCQB: APCOF) launched an early warrant exercise incentive program for up to 10,304,000 warrants exercisable at $0.25 and expiring in 2026.
Warrants exercised by June 22, 2026 earn one new warrant at $0.35 expiring June 22, 2029. Proceeds will strengthen the treasury and fund working capital and the Green River Project. New warrants and resulting shares carry a four-month-and-one-day hold. Unexercised warrants keep their original terms.
American Critical Minerals (OTCQB: APCOF) will attend Benchmark Mineral Intelligence's GIGA USA 2026 conference in Washington, D.C., on June 9-10, 2026. Senior leadership plans meetings with government agencies, investors, and industry participants to discuss advancing the Green River Project and potential U.S. government funding opportunities.