Analyst Peter Grandich Hosts USGD Exces (Interview Summary) Well-known financial analyst, Peter Grandich, recently hosted Warwick Smith, CEO of American Pacific Mining (Ticker: USGD.c or USGDF for US investors), along with Joness Lang, the company’s President, and Michael Gentile, its largest shareholder, in a discussion about a major corporate development that significantly reshapes the company’s position.
USGD.c announced it now owns 100% of the Palmer Project, a 14-million-tonne volcanogenic massive sulfide (VMS) deposit in Alaska. This was achieved in a non-dilutive transaction.
The company exchanged an option on 50% of the zinc concentrate with its former partner, Dowa, while also receiving $10M USD (~$14M CAD).
As a result, USGD now has $16M in cash reserves.
Warwick Smith highlighted the strategic importance of this move, stating that it solidifies the company's financial footing.
The new structure enhances the company’s ability to explore the resource potential, as Palmer has a 14Mt VMS resource with notable grade and the potential to expand significantly, possibly reaching 50Mt.
The project has seen significant investment, with $116M USD spent since 2013.
Michael Gentile noted the exceptional shareholder value created in 2024. Starting the year with $3M in cash and partial ownership of Palmer and Madison, the company now boasts $16M in cash and 100% ownership of both flagship assets, all with minimal share dilution
Looking ahead, American Pacific plans to focus on advancing the Palmer and Madison projects while leveraging its strong cash position for further growth.
Smith hinted at more upcoming news, underscoring the company’s active pursuit of shareholder value.
The interview concluded with Peter Grandich praising the team’s strategic execution, calling the development one of the most significant stories he has seen in the junior mining sector.
Full video here:
Posted on behalf of American Pacific Mining Corp.