American Critical Minerals Finalizes Oversubscribed Offering and Rebranding

American Critical Minerals Corp., formerly known as American Potash Corp., has concluded its oversubscribed private placement offering, raising $1,076,400. The Company issued 13,455,000 units at $0.08 per unit, each comprising one common share and half a warrant. The warrants, valid until December 2026, allow additional shares purchase at $0.15 each.

The funds will advance the Green River Project in Utah, focusing on Potash and Lithium. Additionally, the Company underwent a rebranding and share consolidation at a 2.5-to-1 ratio, reducing outstanding shares to 54,830,980. This change reflects the dual focus on critical minerals essential for the U.S. economy.

The company's shares will trade on a post-consolidation basis under the symbol "KCLI" from December 23, 2024. The Company has also secured licenses for exploratory drilling.