VANCOUVER, Jan. 10, 2018 /CNW/ - American Potash Corp. is pleased to announce a non-brokered private placement for up to 10,000,000 Units at a price of $0.15 per Unit to raise total proceeds of $1,500,000. Each Unit will be comprised of one common share of the Issuer and one half of one common share purchase warrant of the Issuer . Each Warrant will be exercisable into a common share of the Company for a period of 12 [...]
American Potash have concluded acquisition of a 640-acre Colorado State Exploration Permit. The new state exploration permit adds 640-acres to AMP's Colorado Li Project, provides access to the property and adjacent Federal lands for up to 4-years, and allows for exploration and initial development activities of Li and other potentially valuable minerals concentrated in sub-surface brines. Subsequent to expiration of the [...]
American Potash is pleased to announce that it has signed a six month extension agreement with MGX Minerals. This extension is to allow time for our new partner, MGX Minerals to get oriented and to contribute MGX's vast experience in drilling to our joint project in the Paradox basin. This extension applies to our joint venture option agreement dated April 3, 2017. The extension agreement extends the funding requirement [...]
American Potash is pleased to provide an operations update on its two Li Brine exploration projects located in southeast Utah and southwest Colorado. The AMP technical team has prepared a preliminary operations plan for drilling two brine exploration wells on the Utah Lithium property as provided for under the previously released joint venture agreement with Power Metals (August 2, 2017). The plan includes developing [...]
American Potash is pleased to announce it has entered into a strategic partnership agreement with MGX Minerals whereby MGX may acquire certain interests held by the Company via an agreement to acquire Power Metals Paradox Basin JV rights with AMP. "We are extremely excited to now be working with MGX to move the Company's petrolithium project forward. We believe that MGX is not only a well-capitalized company but also the [...]
American Potash is pleased to announce acquisition of 608 US Federal placer mining claims, totaling approximately 12,000 acres, in the southeast extension of the Paradox Basin in San Miguel County, southwest Colorado. The new Colorado lithium claims plus previously acquired lithium claims and State leases in Utah bring the current total area of lithium claims and leases in the Paradox Basin of Utah and Colorado to [...]
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