Welcome to our dedicated page for American Pacific news (Ticker: USGDF), a resource for investors and traders seeking the latest updates and insights on American Pacific stock.
American Pacific Mining Corp. reports exploration and corporate updates for its mineral project portfolio, including the Madison Copper-Gold Project in Montana and the Ziggurat Gold Project in Nevada. Company news commonly covers drill planning, underground sampling, assay results, geological modeling, field reconnaissance, and surface geochemical work tied to copper and gold targets.
Updates also include operating and financial results, capital-structure matters, and portfolio activity involving mineral assets and equity positions. Madison disclosures focus on copper-gold mineralization, skarn and porphyry target concepts, and underground workings, while Ziggurat updates describe gold exploration in Nevada and prospective Carlin-type mineralization.
American Pacific (OTCQX: USGDF) reported new underground geological observations at its Madison Copper-Gold Project in Montana on February 6, 2026. Fieldwork exposed approximately 150 feet of decline due to lower water levels and identified a phreatic breccia containing chalcocite veins and native copper that appears to align with the Victoria Pit.
Geologists now recognize at least six breccia types at Madison, improving structural vectoring and refining drill targets ahead of a planned drill program this quarter. Additional data will be integrated into the exploration model.
American Pacific Mining (OTCQX: USGDF) closed a non-brokered private placement on February 5, 2026, issuing 44,318,182 units at $0.22 for aggregate proceeds of $9,750,000.04. Each unit includes one share and one-half warrant exercisable at $0.32 until February 5, 2029.
The company paid $623,431.60 in finder’s fees and issued 2,747,780 finder’s warrants. Net proceeds are earmarked for exploration and development at the Madison Copper-Gold Project in Montana and for general corporate purposes.
American Pacific (OTCQX: USGDF) commented on the U.S. launch of Project Vault, a strategic critical minerals reserve funded at about US $12 billion (including a US $10 billion EXIM loan and up to US $2 billion private investment) aimed at securing domestic copper supply.
The company said its Madison Copper-Gold Project in Montana, a past-producing, high-grade project with existing underground development and nearby infrastructure, is well aligned to potentially benefit from increased investment, offtake interest and expedited permitting tied to the initiative.
American Pacific Mining (OTCQX: USGDF) mailed its management information circular and proxy materials for an annual and special meeting to be held on February 25, 2026 for shareholder consideration of a court‑approved plan of arrangement with ICG Silver & Gold.
Under the Arrangement Agreement (dated December 7, 2025, amended January 21, 2026), ICG will acquire 100% of the Tuscarora and Danny Boy projects by acquiring Clearview Gold and American Pacific Mining (US) in exchange for 11,500,000 ICG shares. The company will distribute 7,500,000 ICG shares to shareholders pro rata at closing; an illustrative Exchange Ratio is ~0.0283 ICG share per APM share. Interim court order obtained January 23, 2026.
American Pacific Mining (OTCQX: USGDF) announced a plan of arrangement to sell the Tuscarora and Danny Boy projects to ICG Silver & Gold in exchange for 11,500,000 ICG common shares plus a contingent payment of US$5.0 million upon either project reaching commercial production. APM will distribute 7,500,000 of those ICG shares pro rata to APM shareholders and retain 4,000,000 ICG shares. Shareholders at Closing are expected to receive approximately 0.034 ICG share per APM share. The APM shareholder meeting is set for February 18, 2026 (record date Jan 2, 2026) and the Company expects Closing in late February 2026. APM also issued 1,281,722 APM shares at a deemed price of $0.175 totalling $224,301.35 to former employees, subject to a hold until May 13, 2026.
American Pacific Mining (OTCQX: USGDF) filed an updated NI 43-101 Technical Report (effective December 3, 2025) for the past‑producing Gooseberry Silver‑Gold Project in Storey County, Nevada.
Key facts: the company holds an undivided 100% interest with no royalties; Gooseberry is a low‑sulphidation epithermal vein system with historical production from 1900–1990; drill highlights include 3.0m of 1.83 g/t Au & 99.5 g/t Ag and 3.1m of 2.98 g/t Au & 313 g/t Ag. The report and maps are available on SEDAR+ and the company website.
American Pacific Mining (OTCQX: USGDF) will issue an aggregate of 1,281,722 common shares to three former employees at a deemed price of CAD $0.175 per share, on or about January 5, 2026, subject to regulatory approvals.
The share issuance satisfies employment-related liabilities totalling CAD $224,301.35 and is expected to close on or about January 5, 2026. The securities have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption.
American Pacific (OTCQX: USGDF) entered an arrangement to sell 100% of its Tuscarora District (Tuscarora and Danny Boy projects) to ICG Silver & Gold for 11,500,000 ICG common shares, of which 7,500,000 will be distributed pro rata to American Pacific shareholders and 4,000,000 retained by the company. The deal includes up to US$5.0M in contingent cash payable on commercial production and is subject to court, shareholder and CSE conditional listing approvals.
Key mechanics: New APM share and ~0.0342 ICG share per APM share, options/warrants conversion, a 36‑month lockup on retained shares, and an expected close in Q1 2026.
ICG Silver & Gold (OTCQX:USGDF) entered an arrangement agreement to acquire 100% of the Tuscarora District—the Tuscarora and Danny Boy projects—from American Pacific Mining (APM) by issuing 11,500,000 ICG common shares as consideration and contingent payments.
ICG will distribute 7,500,000 of those shares pro rata to APM shareholders and retain 4,000,000 shares for APM. After closing, APM shareholders are expected to hold approximately 19% of ICG. APM is also entitled to US$5,000,000 payable within five business days of either project achieving commercial production. Closing requires transfer of APM properties outside the Tuscarora District.
American Pacific Mining (OTCQX: USGDF) closed the sale of the Palmer VMS Project to Vizsla Copper on December 4, 2025 under an amended share purchase agreement.
The company received 13,888,888 Vizsla Copper shares valued at $15,000,000 (deemed $1.08/share) and is eligible for up to $15,000,000 of milestone payments: $5,000,000 on a NI 43-101 resource ≥22 million tonnes and $10,000,000 on commencement of commercial production.
Post-transaction American Pacific holds 15.8% of Vizsla Copper and will file an early warning report.