American Critical Minerals Mobilizes to the Green River Project to Commence Drill Pad Construction

Executive Summary

• American Critical Minerals has mobilized a field crew to construct drill pads at its Green River Project in Utah, with drilling operations anticipated to begin in July or August 2026.
• The initial drill target is the Duma Point AP-S-02 well, selected for its high historical potassium grades (eK2O=24.3% over 5.9m) and structural positioning within a regional anti-form.
• The company has secured all necessary regulatory approvals and engaged RESPEC to execute the 2026 drill program, targeting potash, lithium, and bromine across a ~32,530-acre land package.

Key Details

• Mobilization & Timeline: Field crew mobilized for drill pad construction; drilling expected to commence in July or August 2026.
• Contractor: Harrison Field Services, Inc. engaged for pad construction and SWPPP monitoring.
• Drill Target: Initial location at Duma Point AP-S-02 well (Utah State Permit 51690, SITLA lands), adjacent to historic Quintana Fed 1-1 well.
• Historical Grades: Historic well logged eK2O=24.3% (eKCl) over 5.9 meters; located within a flat-lying portion of a regional anti-form.
• Regulatory Status: Notice of Intent (NOI), SWPPP, and bonding approval secured; $65,000 USD security bond to SITLA in progress; Right-of-Way Encroachment Permit filed with Granite County Road Department.
• Drill Program Execution: RESPEC Company, LLC engaged to execute the 2026 Drill Programs.
• Conceptual Exploration Targets: 500-950 million tonnes of sylvinite grading 12-18% K2O (19-29% KCl); 0.6-1.7 Mt Li2CO3e grading 91-152 ppm; 3.3-9.1 Mt bromine grading 2,647-4,412 ppm.
• Land Position & Authorization: 100% interest in 11 SITLA leases (~7,050 acres), 1,094 federal lithium brine claims (21,150 acres), and 11 federal potash prospecting permits (~25,480 acres); total ~32,530 acres authorized for 7 drill holes.
• Regional Context: Nearby wells reported lithium up to 500 ppm, bromine up to 6,100 ppm, and boron up to 1,260 ppm; Paradox Basin recognized as a major US lithium brine source.

Notable Quotes

• Dean Pekeski, CEO & President: "After the culmination of over 10 years of work the Company is excited to unlock the Potash, Lithium and Bromine potential of the Property, which shareholders have patiently awaited. We are confident our team will move towards unlocking the potential of the Paradox Super Basin".