19:46:30 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



American Potash Corp
Symbol KCL
Shares Issued 102,162,449
Close 2024-01-29 C$ 0.04
Market Cap C$ 4,086,498
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American Potash's George resigns as president, CEO

2024-01-30 15:57 ET - News Release

Mr. Dean Besserer reports

AMERICAN POTASH ANNOUNCES MANAGEMENT TRANSITION

Jonathan George has stepped down as president and chief executive officer of American Potash Corp. Dean Besserer, a director of the company, has therefore been appointed as interim president and chief executive officer.

Mr. Besserer has more than two decades of mineral exploration experience working in over 50 countries, leading projects with annual exploration budgets exceeding $20-million (U.S.). He has served as vice-president and partner at Apex Geoscience Ltd., a consulting firm with offices in Canada, South America and Australia, and as a director of Brilliant Mining, Niblack Resources and Sentosa Mining. Mr. Besserer also served as the vice-president of exploration of numerous junior mining companies and is a professional geologist and a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

With this change in management, the company will be renewing its efforts to explore its Green River potash and lithium project within the Paradox basin in Utah.

The Paradox basin contains large aquifers of brines containing concentrated lithium, bromine and boron. Neighbouring Anson Resources has a large lithium resource of 1.5 million tonnes of lithium (LCE) and a lithium exploration target of two billion to 2.6 billion tonnes of lithium brines bordering American Potash's project.

The basin also contains a proven productive potash horizon, known as Cycle 5, that has been mined since 1963. Cycle 5 and, recently, Cycle 9 host the nearby, long-producing and currently active Moab solar solution mine, operated by Intrepid Potash, the largest potash producer in the United States.

This same stratigraphic horizon extends to American Potash's project, where an exploration target from 600 million to one billion tonnes of sylvinite, with an average grade ranging from 19 per cent to 29 per cent potassium chloride (KCl), has been estimated in an NI 43-101 compliant technical report prepared by Agapito Associates Inc. (October, 2012).

Dr. Kent Ausburn, PhD, PGeo, a qualified person within the meaning of NI 43-101, has reviewed and is responsible for the technical details of this press release.

We seek Safe Harbor.

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