American Pacific Announces Sale of Palmer Copper-Zinc VMS Project to Vizsla Copper for $15 Million in Equity plus up to $15 Million in Milestone Payments
American Pacific (OTCQX: USGDF) agreed to sell the Palmer copper‑zinc VMS Project in southeast Alaska to Vizsla Copper for $15,000,000 paid in Vizsla common shares plus up to $15,000,000 in milestone payments (a $5,000,000 NI 43‑101 resource milestone and $10,000,000 on commencement of commercial production).
Vizsla plans a concurrent financing of up to $25,000,000; closing is subject to a minimum $5,000,000 raise, regulatory approvals and exchange consents. American Pacific will become a significant Vizsla shareholder but is subject to a 36‑month standstill and other protective covenants.
American Pacific (OTCQX: USGDF) ha accettato di vendere il progetto VMS di rame-zinco Palmer nel sud-est dell'Alaska a Vizsla Copper per $15,000,000, pagati in azioni ordinarie di Vizsla, più fino a $15,000,000 in pagamenti legati a traguardi (un traguardo di riserva NI 43-101 da $5,000,000 e $10,000,000 all'inizio della produzione commerciale).
Vizsla prevede un finanziamento simultaneo fino a $25,000,000; la chiusura è soggetta a un raise minimo di $5,000,000, all'approvazione regolamentare e al consenso degli scambi. American Pacific diventerà azionista significativo di Vizsla ma è soggetto a un standstill di 36 mesi e ad altri covenant di protezione.
American Pacific (OTCQX: USGDF) acordó vender el Proyecto VMS de cobre‑ zinc Palmer en el sureste de Alaska a Vizsla Copper por $15,000,000 pagados en acciones comunes de Vizsla, más hasta $15,000,000 en pagos por hitos (un hito de recurso NI 43‑101 de $5,000,000 y $10,000,000 al inicio de la producción comercial).
Vizsla planea una financiación concurrente de hasta $25,000,000; el cierre está sujeto a una recaudación mínima de $5,000,000, aprobaciones regulatorias y consentimientos de la bolsa. American Pacific se convertirá en un accionista significativo de Vizsla, pero está sujeto a un tregua de 36 meses y a otros covenants de protección.
American Pacific (OTCQX: USGDF)는 알래스카 남동부의 Palmer 구리-아연 VMS 프로젝트를 Vizsla Copper에 $15,000,000의 Vizsla 보통주로 지불하고, 최대 $15,000,000의 마일스톤 지급금으로 판매하기로 합의했습니다( $5,000,000의 NI 43‑101 자원 마일스톤과 $10,000,000의 상업생산 시작 마일스톤).
Vizsla는 동시에 최대 $25,000,000의 재원조달을 계획하고 있습니다; 거래종결은 최소 $5,000,000의 조달, 규제 승인 및 거래소 동의가 충족되어야 합니다. American Pacific는 Vizsla의 중요한 주주가 되겠지만 36개월 동결 및 기타 보호약정의 적용을 받습니다.
American Pacific (OTCQX: USGDF) a accepté de vendre le projet VMS cuivre-zinc Palmer dans le sud-est de l'Alaska à Vizsla Copper pour $15,000,000 payés en actions ordinaires Vizsla, plus jusqu'à $15,000,000 en paiements d'étapes (un jalon de ressource NI 43‑101 de $5,000,000 et $10,000,000 au lancement de la production commerciale).
Vizsla prévoit un financement concomitant allant jusqu'à $25,000,000; la clôture est soumise à une levée minimale de $5,000,000, aux approbations réglementaires et aux consentements de bourse. American Pacific deviendra un actionnaire important de Vizsla mais est soumis à un arrêt de 36 mois et à d'autres covenants protecteurs.
American Pacific (OTCQX: USGDF) hat zugestimmt, das Palmer VMS-Projekt für Kupfer-Zink im Südosten Alaskas an Vizsla Copper zu $15,000,000 in Vizsla-Stammaktien zu verkaufen, plus bis zu $15,000,000 an Meilensteinzahlungen (ein NI 43‑101 Ressourcen-Meilenstein über $5,000,000 und $10,000,000 beim Beginn der kommerziellen Produktion).
Vizsla plant eine gleichzeitige Finanzierung von bis zu $25,000,000; der Abschluss hängt von einer Mindestbeschaffung von $5,000,000, regulatorischen Genehmigungen und Börsenzustimmungen ab. American Pacific wird ein bedeutender Vizsla-Aktionär, unterliegt jedoch einer 36‑monatigen Standstill-Periode und weiteren Schutzabkommen.
American Pacific (OTCQX: USGDF) وافقت على بيع مشروع فِرج- الزِّنكر Palmer VMS للنحاس في جنوب شرق ألاسكا إلى Vizsla Copper مقابل $15,000,000 تدفع بخص الأسهم العادية ل Vizsla بالإضافة إلى ما يصل إلى $15,000,000 كدفعات معلمية (معلم موارد NI 43‑101 بقيمة $5,000,000 و $10,000,000 عند بدء الإنتاج التجاري).
تخطط Vizsla لتمويل متزامن حتى $25,000,000؛ الإغلاق خاضع لجمع لا يقل عن $5,000,000، وموافقات تنظيمية وموافقات البورصة. ستصبح American Pacific مساهمًا هامًا في Vizsla ولكنها تخضع لـ وقف لمدة 36 شهرًا واتفاقيات حماية أخرى.
- $15,000,000 consideration issued as Vizsla common shares
- Up to $15,000,000 additional milestone payments
- Vizsla financing up to $25,000,000 to advance Palmer
- 36‑month standstill restricting American Pacific share activity
- Acquisition closing requires at least $5,000,000 concurrent financing
- Milestone payments may be settled in Vizsla shares, creating potential dilution
Vancouver, British Columbia--(Newsfile Corp. - November 13, 2025) - American Pacific Mining Corp. (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC1) ("American Pacific" or the "Company") is pleased to announce that it has entered into a share purchase agreement (the "Share Purchase Agreement") with Vizsla Copper Corp. ("Vizsla" or the "Purchaser") for the sale of the Palmer VMS Project, located in southeast Alaska (the "Palmer Project"), pursuant to which Vizsla will acquire all of the issued and outstanding securities of Constantine Metal Resources Ltd. ("Subco"), a wholly-owned subsidiary of American Pacific (the "Acquisition").
"Palmer has long stood out to us as one of Alaska's top critical metals opportunities," commented Warwick Smith, CEO of American Pacific. "Our strategy has always centered around executing transactions that deliver value and upside for our shareholders, and we see the best path forward for Palmer as one that's led by a dedicated group with the resources to unlock the exploration upside. Vizsla's leadership team has been behind multiple billion-dollar valuations (Vizsla Silver, Skeena Resources), with the proven technical abilities and commitment necessary to move Palmer forward expeditiously during what we believe will be the most exciting critical metals market in generations. We are excited to participate as significant shareholders of Vizsla as they endeavor to realize the full potential of Palmer."
Craig Parry, Vizsla Copper's Chairman and CEO, commented: "This is a transformational day for Vizsla Copper. I've spent the past 25 years searching for high-grade copper deposits and understand how rare it is to find a project like Palmer, and even rarer to find one in such a strategic location. High-grade projects like Palmer allow for tremendous flexibility when it comes to delivering environmentally sustainable small footprint operations. Importantly, we pride ourselves on working constructively in collaboration and consultation with traditional landowners and communities and look forward to engaging positively with people and groups in the region."
Parry continued: "The world and the United States are desperate for critical mineral projects, further emphasizing the importance of Palmer. Simply put, this is the right asset at the right time. We thank the team at American Pacific for working to complete this agreement in a timely manner. We look forward to deploying a two-pronged approach in 2026, advancing the Palmer Project in Alaska while simultaneously advancing the Thira discovery in British Columbia, resulting in year-round exploration and news flow. The team and I look forward to building Vizsla Copper into the preeminent North American critical minerals explorer."
Terms of the Share Purchase Agreement
Under the terms of the Share Purchase Agreement, Vizsla Copper will acquire all of the outstanding shares of Subco in for
Vizsla has also agreed to make the following milestone payments to American Pacific (collectively, the "Milestone Payments"):
$5,000,000 payable upon the public disclosure by Vizsla of an updated mineral resource estimate for the Palmer Project prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), which delineates a total of not less than 22 million tonnes of mineralized material; and$10,000,000 payable upon the commencement of commercial production at the Palmer Project.
Each Milestone Payment shall be satisfied either by cash payment or, at the election of Vizsla, (i) by the issuance of Vizsla Shares (the “Milestone Shares”), or (ii) by any combination of cash payments and Milestone Share issuances, provided that Vizsla obtains any approval required under applicable exchange policies for any issuance of Milestone Shares. The number of any Milestone Shares to be issued shall be determined by dividing the dollar amount by the market price on the applicable payment date, subject to a maximum issuable in accordance with exchange requirements.
In connection with the Acquisition, American Pacific has agreed to a series of protective covenants in favour of the Purchaser, including a 36-month standstill restricting it from acquiring additional securities of Vizsla or seeking to influence management or board composition; an obligation to vote any shares of Vizsla held in accordance with the recommendations of the Vizsla's board of directors; prohibitions on short sales, hedging or derivative transactions; and requirements to provide advance notice of any future share sales and to cooperate in ensuring an orderly market. American Pacific will not have any board nomination, information, anti-dilution, pre-emptive, top-up or participation rights.
Vizsla has launched the concurrent financing of up to
The Share Purchase Agreement provides that the Acquisition is subject to several conditions including, among other things, completion of the concurrent financing for aggregate gross proceeds of at least
The Acquisition is an arms' length agreement. No finder's fee will be payable to any party with respect to the Acquisition.
About American Pacific Mining Corp.
American Pacific Mining Corp. is a precious and base metals explorer and developer focused on opportunities in the Western United States. The Company flagship asset is the
On behalf of the American Pacific Mining Corp Board of Directors:
Warwick Smith, CEO & Director
Corporate Office: Suite 910 - 510 Burrard Street
Vancouver, BC, V6C 3A8 Canada
Investor relations contact:
Kristina Pillon, High Tide Consulting Corp.
604.908.1695 / Kristina@americanpacific.ca
Media relations contact:
Adam Bello, Primoris Group Inc.
416.489.0092 / media@primorisgroup.com
Full disclosure can be found in our NI 43-101 Technical Report for the Madison Project at www.americanpacificmining.com.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release.
FORWARD-LOOKING STATEMENTS
This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the completion of the Acquisition and the concurrent financing, and timely receipt of all necessary approvals.
Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be considered forward-looking information. The Company's forward-looking information is based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release and include but are not limited to information with respect to, the completion of the Acquisition and the concurrent financing, and timely receipt of all necessary approvals. Other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274268
FAQ
What are the financial terms of American Pacific's Palmer sale to Vizsla (USGDF) announced November 13, 2025?
How could the Vizsla financing affect American Pacific (USGDF) ownership after the Palmer transaction?
What closing conditions could delay the Palmer sale for American Pacific (USGDF)?
What restrictions apply to American Pacific after selling Palmer to Vizsla (USGDF)?
When will American Pacific receive the $5M resource milestone for Palmer under the Vizsla deal?
