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About American Critical Minerals Corp (APCOF)
American Critical Minerals Corp (OTC: APCOF), formerly known as American Potash Corp, is a resource exploration company strategically focused on the discovery and development of critical minerals essential for agriculture, energy storage, and industrial applications. Headquartered in Vancouver, Canada, the company operates in the Paradox Basin of Utah, a globally recognized potash and lithium-rich region. With its flagship Green River Project, spanning approximately 32,530 acres, the company is well-positioned to address the growing demand for domestic sources of potash and lithium, which are vital for U.S. food and energy security.
Core Business and Strategic Focus
American Critical Minerals Corp specializes in the exploration of potash—a key agricultural fertilizer—and lithium, a critical component in energy storage technologies such as batteries for electric vehicles and renewable energy systems. The company's Green River Project is situated in the heart of the Paradox Basin, one of only eight designated Potash Super Basins globally. This region has a multi-decade history of high-grade potash production and is emerging as a major source of lithium brines in the United States.
Green River Project: A Strategic Asset
The Green River Project encompasses a mix of state and federal lands, including 11 federal potash prospecting permits, 1,095 federal lithium brine claims, and 11 Utah state mineral leases. These holdings grant the company the ability to explore for potash, lithium, and potential by-products across its entire project area. Recent approvals from the Bureau of Land Management (BLM) have authorized exploratory drilling, positioning the company to validate historical data and confirm the project's high-grade mineral potential.
The project's proximity to key infrastructure such as rail hubs, roads, and labor markets further enhances its logistical advantages. Additionally, its location within the U.S. agricultural and industrial heartland ensures access to end-users, reducing transportation costs and strengthening its competitive position.
Market Context and Industry Relevance
With over 96% of the U.S. potash supply currently imported and lithium demand growing at an estimated compound annual growth rate (CAGR) of 20%, American Critical Minerals Corp is addressing critical supply chain vulnerabilities. The company's operations align with national priorities to secure domestic sources of essential minerals, as highlighted by recent legislative efforts to include potash and lithium on the U.S. Department of Interior's Critical Minerals list.
The global potash market, valued at over $50 billion annually, continues to grow at a steady CAGR of approximately 5%. Similarly, the lithium market is experiencing exponential growth, driven by the transition to renewable energy and electric mobility. By focusing on these two high-demand minerals, the company is strategically positioned to capitalize on these macroeconomic trends.
Competitive Landscape and Differentiation
American Critical Minerals Corp operates in a competitive landscape alongside established players like Intrepid Potash Inc. and Anson Resources Ltd. However, the company differentiates itself through its dual focus on potash and lithium, comprehensive land holdings, and access to extensive geological data from historic oil and gas wells in the Paradox Basin. This data de-risks exploration activities and enhances the project's development potential.
Commitment to Sustainability and Regulatory Compliance
The company is committed to adhering to stringent environmental and regulatory standards. Its exploration activities are conducted under approved plans of operation, which include environmental commitments to minimize ecological impact. By aligning its operations with these standards, American Critical Minerals Corp demonstrates its commitment to sustainable resource development.
Future Outlook
As the company advances its Green River Project, it aims to establish maiden resource estimates for both potash and lithium. These efforts will be supported by exploratory drilling to validate the project's high-grade mineral potential and continuity with neighboring production sites. With its rebranding and strategic focus, American Critical Minerals Corp is poised to play a pivotal role in securing U.S. supply chain independence for these critical minerals.
American Critical Minerals Corp. (CSE:KCLI, OTC:APCOF) has successfully closed an oversubscribed private placement, raising $1,076,400 through the issuance of 13,455,000 units at $0.08 per unit. Each unit includes one common share and half a warrant exercisable at $0.15 until December 19, 2026.
The company has completed its name change from American Potash Corp. and implemented a 2.5:1 share consolidation, reducing outstanding shares to 54,830,980. The proceeds will advance the Green River Project's potash and lithium exploration. The company holds 11 potash prospecting licenses across 25,480 acres in Utah and has authorization for 7 exploratory drill holes.
American Potash Corp (CSE:KCL, OTC:APCOF) announces plans to rebrand as American Critical Minerals Corp with ticker symbol KCLI, reflecting its dual focus on potash and lithium development at the Green River Project. The company's project has a potash exploration target of 600M-1B tonnes (19-29% KCL) and lithium brine potential. The company announces a private placement to raise up to $1M through offering 12.5M units at $0.08/unit. Following the offering, a 2.5:1 share consolidation is planned. The company has received authorization to drill 3 holes across State leases and 4 holes across Federal lands, though faces an appeal against its Federal Potash Prospecting Permits.
American Potash Corp. (CSE:KCL)(OTC PINK:APCOF) has appointed Eric Miller and Steve Vanry to its Board of Directors. Eric Miller, President of Rideau Potomac Strategy Group, brings expertise in government relations and critical minerals. Steve Vanry, with 25 years of experience in capital markets and financial management, will chair the Audit Committee.
The company has also granted 1,550,000 stock options and 1,700,000 Restricted Share Units (RSUs) to directors, officers, and consultants. These incentives were issued under a new security-based compensation plan, replacing the existing stock option plan. The plan reserves up to 10% of outstanding share capital for equity incentive grants.
American Potash's Green River Potash and Lithium Project is strategically located near the US Agricultural and Industrial Heartlands, addressing the country's dependence on foreign imports for potash and lithium.
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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