American Pacific Mining Corp C.USGD

USGD on Resource Talks - Supply, Demand & Challenges

[MarketMakerss]

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.