Accesswire
12 Aug 2026, 09:30 UTC · 1h ago
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American Critical Minerals has executed a drilling contract with Drake Well Service to begin the first well (Duma Point AP-S-02) at the Green River Project. — Moving from planning to active drilling is a major catalyst for junior miners as it provides the first tangible data to validate resource claims.
+0.60The drilling program aims to validate historic data for potash, lithium, and bromine within the Paradox and Leadville formations. — Successful validation of these critical minerals would significantly increase the project's valuation and derisk the asset.
+0.40The company has secured all necessary regulatory requirements, including the Notice of Intent, Storm Water Pollution Prevention Plan, and Bonding approval. — Removal of regulatory hurdles reduces operational risk and confirms the project is legally cleared to proceed.
+0.20Which stocks this story touches
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The company has executed a drilling contract and is commencing operations to validate minerals at its Green River Project.
Mentioned positively as a neighboring project that has received all major permits and is advancing through feasibility.
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