en.Wedoany.com Reported - American Critical Minerals Corp. (the "Company") has received all final potash exploration permits from the U.S. Bureau of Land Management (BLM), effective June 1, 2026. Concurrently, the BLM and the State of Utah have accepted a total reclamation bond of $549,000, thereby fully permitting and bonding all seven drill holes.
On May 18, 2026, the BLM issued 11 potash exploration permits, covering all four fully permitted BLM drill holes and including three holes permitted by the State of Utah, for a total of seven drill holes. Harrison Field Services Inc. of Moab, Utah, has completed site visits involving the construction of drill pads required for the upcoming drilling program. Dean Pekeski, CEO and President of the Company, stated that launching the 2026 Green River Project drilling program represents a significant step forward for the Company, and that the full permitting and bonding of the drill holes marks the culmination of over 10 years of work, with the team actively planning the drilling program and identifying drilling contractors and support services.
The drilling targets aim to verify historical drilling data by testing key potash horizons and clastic zones within the Paradox and Leadville formations for lithium and bromine content through core sampling and brine sampling. Two historical wells within the Green River Project encountered thick potash horizons in Cycle 5, a zone that has been the focus of over 50 years of potash mining in the Paradox Basin by Intrepid Potash Inc. (NYSE: IPI, "Intrepid") at its Moab solar solution mine. Intercepts include 3.4 meters @ 26.4% eKCl and 5.9 meters @ 24.3% eKCl.
RESPEC is collaborating with the Company's management team to plan the drilling program, overseeing detailed project design, logistics, procurement, and field supervision of all service providers. Field geological services will include core and brine handling, logging, sampling, geochemical analysis preparation, and reclamation.
The Company has three permitted drill holes within its Utah potash mineral lease (School and Institutional Trust Lands Administration lease "SITLA"), which are fully permitted and bonded. Additionally, the Company has four drill holes under its recently acquired BLM potash exploration permits, now also fully permitted and bonded. Drill target selection has been completed based on technical team recommendations and the Company's National Instrument 43-101 (NI 43-101) technical report on Standards of Disclosure for Mineral Projects. Data collected from the initial drilling program is expected to advance the Green River Project. The Company will collect brine samples from clastic zones within the Paradox and Leadville formations to determine lithium and bromine content. Future drilling will depend on the completion of this initial program. The Company targets drilling mobilization and site preparation in the third quarter of 2026, with each drill hole expected to be completed within 45 days of commencement.
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