American Critical Minerals Corp. (“American Critical Minerals” or the“Company”) (CSE:KCLI |OTCQB:APCOF | Frankfurt:2P3) is pleased to announce that it has received all final Potassium Prospecting Permits from the Bureau of Land Management (“BLM”), effective June 1, 2026. As well, the BLM and the State of Utah have accepted the combined reclamation bond of US$549,000. As a result, all seven drill holes are now fully permitted and bonded.
Highlights
- On May 18, 2026, the BLM issued eleven Potassium (Potash) Prospecting Permits, effective June 1, 2026.
- On May 18, 2026, the BLM recognized the reclamation bond posted by the Company covering all four fully permitted BLM drill holes and including the 3 permitted State of Utah Drill Holes. This now fully represents all seven drill holes being permitted and bonded.
- Site visits have been completed by Harrison Field Services Inc., Moab, Utah regarding required drill pad construction in anticipation of the upcoming drill program.
- Drill targeting is complete and is designed to validate historic drill data and test, through coring and brine sampling, key potash horizons as well as clastic zones for lithium and bromine in the Paradox and Leadville formations.
- Two historic wells within the Green River Project intercepted thick potash zones (in excess of 5 meters) within Cycle 5, which has been the focus of potash mining in the Paradox Basin for over 50 years at Intrepid Potash Inc.’s (NYSE: IPI) (“Intrepid”) Moab Solar Solution Mine (Intercepts include 3.4 m @ 26.4% eKCl and 5.9 m @ 24.3% eKCl).*
Dean Pekeski, CEO & President of the Company stated: “Launching our 2026 Green River Project drilling program will be a significant step forward for American Critical Minerals. Drill holes are now fully permitted and bonded. This represents the culmination of over 10 years of work. The team has been very active in planning the drill program and identifying drill contractors and support services. Drilling is a major strategic step in validating the large amounts of historic data that we have from 22 oil and gas wells across and surrounding our Green River Project. It will also position us for drilling for both lithium and potash. The rate of lithium project development around us has been impressive and being able to validate 2 critical minerals from each hole we drill is truly unique.”
Our Plan
RESPEC is working closely with the American Critical Minerals management team to plan the drill program in preparation for execution in a safe, environmentally respectful, and efficient manner. RESPEC is responsible for detailed program design, logistics, procurement, and on-site supervision of all service providers. On-site geological services will include core and brine handling, logging, sampling, preparation for geochemical assaying, and reclamation.
American Critical Minerals has three drill holes permitted within its State of Utah potash mineral leases (School and Institutional Trust Lands Administration leases “SITLA”), which are fully permitted and bonded for drilling. Additionally, the Company has four drill holes within its recently granted BLM potash exploration licences, which are now also fully permitted and bonded.
Drill target selection is complete based on recommendations from the Company’s technical team and the Company’s recently filed National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) technical report. Data collected from the initial drilling program is expected to advance the Green River Project by validating historical potash data through core sampling. Additionally, brine samples will be collected from the clastic zones within the Paradox and Leadville formations for lithium and bromine content.
Future drilling will be contingent upon completion of this initial program. The Company is targeting Q3 2026 for mobilization and site preparation for drilling. Each drill hole is expected to be completed within 45 days of commencement.
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