21:04:32 EST Wed 04 Mar 2026
Enter Symbol
or Name
USA
CA



American Copper Development Corp
Symbol ACDX
Shares Issued 23,986,212
Close 2026-03-02 C$ 0.465
Market Cap C$ 11,153,589
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American Copper shares-for-debt settlement

2026-03-04 15:12 ET - News Release

Mr. Anthony Paterson reports

AMERICAN COPPER DEVELOPMENT CORP. PROVIDES CORPORATE UPDATE

American Copper Development Corp. has completed its previously disclosed debt settlement from Feb. 24, 2026. The company settled an aggregate of $350,000 in outstanding debt related to certain milestone payment obligations through the issuance of 1,166,666 common shares at a deemed price of 30 cents per share to a certain non-related party.

The debt settlement was completed to preserve the company's cash resources for continuing exploration and development activities at the Lordsburg project. The securities issued pursuant to the debt settlement are subject to a hold period expiring four months and one day from the date of issuance, in accordance with applicable securities laws.

About American Copper Development Corp.

American Copper Development is a copper exploration and development company advancing the Lordsburg project in southwestern New Mexico. Located at the convergence of the Santa Rita and Texas lineaments within a historic copper-producing district spanning over a century of production, the company's 2023 maiden drill program confirmed a large-scale porphyry copper system featuring high-grade intercepts, including 144.36 feet of 1.00 per cent copper equivalent. The company holds 7,046 hectares of contiguous claims, comprising 790 lode mining claims and 105 patented claims at its Lordsburg property, and is positioned to develop a domestic copper supply critical to electrification, national defence and infrastructure priorities.

We seek Safe Harbor.

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