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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 Potash Corp. (CSE:KCL)(OTC PINK:APCOF) has received approval from the U.S. Bureau of Land Management (BLM) for its Plan of Operations, including 11 Prospecting Permits and 4 Exploratory Drill Holes for approximately 25,480 acres of its Green River Project in the Paradox Basin, Utah. This approval covers the entire Green River Project (approx. 32,530 acres) for Potash and Lithium exploration.
The company now has 7 Exploratory Drill Holes Authorized and is positioned for Brownfield / Confirmation drilling to validate high-grade potash potential and lithium brine formations. The Paradox Basin is one of eight designated Potash Super Basins globally and has potential as a major domestic source of Lithium in the US.
Additionally, American Potash has entered a 90-day marketing agreement with TAStocks.com for publishing/advertising services, including social media engagement, for a fee of CAD$32,500 plus taxes.
American Potash Corp. (CSE:KCL, OTC PINK:APCOF, FRA:2P3) has successfully closed the final tranche of its non-brokered private placement, raising an additional $215,000 through the issuance of 4,300,000 units at $0.05 per unit. This brings the total raised to $1,023,000 from 20,460,000 units across both tranches. Each unit includes one common share and one warrant, with the latter exercisable at $0.10 until September 16, 2026. The company plans to use the proceeds for property maintenance, positioning for a planned drill program, and general working capital. Securities from this tranche are subject to a four-month hold period ending January 16, 2025.
American Potash Corp. (CSE:KCL)(OTC PINK:APCOF) has appointed Simon Clarke as CEO, President & Director, effective immediately. Clarke brings nearly 30 years of experience in mining, energy, and energy technology. He was previously CEO of American Lithium Corp., growing it to a $1.2 billion valuation. Dean Besserer moves to COO, while Kent Ausburn and Ken Holmes resign from the Board.
The company focuses on its Green River Potash and Lithium Project in Utah's Paradox Basin, one of eight global Potash Super Basins. American Potash has an exploration target of 600 million to 1 billion tons of sylvinite grading 19-29% KCL. The project's location and potential make it strategically important for US food and energy security.
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