USGD on Resource Talks - Supply, Demand & Challenges American Pacific Mining (USGD.c USGDF) Joins Resource Talks to Detail Supply and Demand Challenges Amid Exploring its High-Grade Copper Project
Joining the latest episode of Resource Talks, 'Tin & Antimony: Supply, Demand, and Challenges', American Pacific Mining (USGD.c USGDF) detailed its financials, current projects, and leadership as it continues to sample high-grade copper from its Montana Project, starting at the one hour mark: https://www.youtube.com/watch?v=F8sPvpG6NPk
Overview of American Pacific Mining Corp
- Market Cap: Under $33 million
- Shares Outstanding: 250 million fully diluted shares
- CEO: Warwick Smith (extensive experience in mining and capital markets)
- CEO’s Ownership: Warwick Smith and family own 4.5 million shares
- Current Assets: $7 million (mostly cash)
Madison Copper-Gold Mine (Montana)
- Acquired From: Madison Metals, past-producing mine
- 2024 Plans:
- Focus on copper-gold potential in the scarn zones
- Phase 1 drilling completed, Phase 2 to begin in January 2025
- Aim to establish a resource estimate by 2026
- Rio Tinto Exit:
- APM regained 100% ownership after Rio Tinto withdrew from the joint venture
- Rio’s departure allows APM to pursue more aggressive exploration
Palmer Project (Alaska)
- Type: Copper-Zinc VMS deposit
- Ownership: Joint venture with DOA Metals (70% DOA, 30% APM)
- Recent Developments:
- DOA spent $26 million in 2023 and $17 million in 2024 on exploration
- 19 drill holes pending results, expected by the end of 2024
- APM’s Role: Project operator, receiving a 7% management fee
- Future Decision:
- APM may need to decide whether to fund its portion of the buildout or consider converting ownership into a royalty (NSR)
Other Nevada Projects
- Projects: Tuscarora, Aurora, Ziggurat, and Gooseberry
- Plans:APM is considering joint ventures or potential sales for these assets with the focus to remain on Madison and Palmer as priority projects
Marketing and Investor Relations
- Current Strategy:
- Active participation in industry conferences and investor outreach
- Launch of a podcast, "The Speculators," to attract a broader audience
- Budgeting approximately $250,000 for marketing in 2025
- Podcast Guests:
- Notable interviews with Peter Grandich, professional poker player David Williams, and investor Mike Gentile
- Investor Sentiment:
- APM targeting high-grade assets in Western US to appeal to both retail and institutional investors
Future Outlook
- Madison Mine: Exploration phases scheduled through 2026, with a potential resource estimate by Q3 2026.
- Palmer Project: Expect significant drill results from the 19 holes by the end of 2024.
- Funding: APM remains fully funded for the next phase of Madison's exploration and expects further capital raises in the future for subsequent phases.
Posted on Behalf of American Pacific Mining Corp.