American Critical Minerals Extends Warrant Exercise Incentive Program

Rhea-AI Summary

American Critical Minerals (OTCQB:APCOF) has extended its warrant exercise incentive program deadline to August 15, 2025. The program aims to encourage early exercise of 4,620,800 warrants currently exercisable at $0.1875 per share.

As an incentive, warrant holders who exercise before the deadline will receive one additional New Warrant for each share subscribed. These New Warrants will be exercisable at $0.28 until August 6, 2027. The proceeds will be used for working capital and advancing the Company's Green River Project.

Positive

• Program offers additional New Warrants as incentive for early exercise
• Proceeds will strengthen company treasury and fund Green River Project advancement
• New Warrants have higher exercise price of $0.28, indicating potential upside expectations

Negative

• Extension of warrant program deadline suggests lower than expected participation
• Potential dilution from exercise of up to 4,620,800 warrants plus additional New Warrants
• Company requires additional working capital through warrant exercises

VANCOUVER, BC / ACCESS Newswire / August 5, 2025 / American Critical Minerals Corp. ("American Critical Minerals" or the"Company") (CSE:KCLI)(OTCQB:APCOF)(Frankfurt:2P3) announces that it has extended the deadline for completion of its warrant exercise incentive program (the "Program"). The Program is intended to encourage the early exercise of up to 4,620,800 warrants (the "Warrants") previously issued in connection with a private placement and which are currently exercisable at a price of $0.1875 per share. To address ongoing interest and to allow additional time for the completion of documentation, the Company has elected to extend the deadline for the Program until August 15, 2025 (the "Program End Date").

Under the Program, the Company is offering an inducement to each holder of the Warrants that exercises on or before the Program End Date. Holders exercising Warrants on or before the Program End Date will be entitled to receive one additional warrant (the "New Warrant") for each share subscribed for. Each New Warrant will be exercisable at a price of $0.28 until August 6, 2027. The proceeds from the Program will strengthen the Company's treasury and will be used for working capital purposes and the advancement of the Company's Green River Project.

Holders of the Warrants are encouraged to contact the Company to coordinate exercise prior to the Program End Date.

On behalf of the Board of Directors

Simon Clarke, President & CEO

Contact: (604)-551-9665

Cautionary Statements Regarding Forward-Looking Information

This news release contains forward-looking information within the meaning of applicable securities legislation. Forward-looking information is typically identified by words such as: believe, uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Important factors that could cause actual results to differ from this forward-looking information include those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Such statements include, without limitation, statements regarding future confirmation drilling and its intended outcomes and the intended use of proceeds from the oversubscribed financing. Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct. All such forward-looking information is based on certain assumptions and analyses made by the Company in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. This information, however, is subject to a variety of risks and information.

SOURCE: American Critical Minerals Corp.

View the original press release on ACCESS Newswire

FAQ

What is the new deadline for American Critical Minerals' (APCOF) warrant exercise program?

The warrant exercise incentive program has been extended to August 15, 2025.

How many warrants are eligible for exercise under APCOF's incentive program?

The program covers 4,620,800 warrants that are currently exercisable at $0.1875 per share.

What incentive is APCOF offering warrant holders who participate in the program?

Warrant holders who exercise before the deadline will receive one additional New Warrant for each share subscribed, exercisable at $0.28 until August 6, 2027.

How will American Critical Minerals use the proceeds from the warrant exercise program?

The proceeds will be used for working capital purposes and the advancement of the company's Green River Project.

What is the exercise price of APCOF's original warrants and new incentive warrants?

The original warrants are exercisable at $0.1875 per share, while the new incentive warrants will be exercisable at $0.28.