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American Critical Minerals (CSE:KCLI, OTC:APCOD) has announced significant developments from Q4 2024. The company received approval from the BLM for its Plan of Operations, including 11 Prospecting Permits and authorization for 4 exploratory drill holes on approximately 25,480 acres at its Green River Project in Utah's Paradox Basin.
The company now has permits for both potash and lithium exploration across over 32,530 acres, with 7 authorized exploratory drill holes. The project targets an exploration potential of 600 million to 1 billion tonnes of sylvinite with 19-29% KCL grades. In December 2024, the company completed an oversubscribed financing of $1,076,400 and changed its name from American Potash Corp. to better reflect its focus on both potash and lithium resources. The company also consolidated its shares at a 2.5:1 ratio, reducing outstanding shares to 54,830,979.
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