- American Pacific Mining (USGD) has agreed to acquire all the issued and outstanding common shares of Constantine Metal Resources in an all-share transaction
- The combined company will have a pro-forma cash balance exceeding C$10 million allowing it to progress projects while leveraging spending commitments of partners
- It will be an exploration and development company with two projects in western USA being aggressively advanced under strategic partnerships with metal producers
- American Pacific Mining Corp’s (USGD) share price is unchanged, trading at C$0.50 per share as of 10:15 am ET
American Pacific Mining (USGD) has agreed to acquire all of the issued and outstanding common shares of Constantine Metal Resources Ltd. (CEM)
This joins American Pacific’s Madison Project, a past-producing high-grade copper-gold skarn and porphyry system in Montana’s prolific copper-gold belt.
The combined company will have a Pro-forma cash balance exceeding C$10 million, allowing it to progress projects while aggressively leveraging the spending commitments of partners.
American Pacific’s CEO, Warwick Smith, called this a transformational step for American Pacific as the Palmer Project provides an established PEA-stage asset with exploration upside.
“We are very impressed with the quality of technical work completed by Constantine and Dowa to-date and look forward to collaborating with our new partners and stakeholders to expand resources and realize the full potential of this high-grade VMS system while continuing to deliver exposure to progress and new discoveries across our existing portfolio of highly prospective past-producing exploration projects.”
The combined company will be an exploration and development company with two projects in the western USA being advanced under strategic partnerships with metal producers and an expanded portfolio of prospective precious and base metals assets.
American Pacific Mining is a gold exploration company focused on precious metal opportunities in the Western United States.
American Pacific Mining Corp’s (USGD) share price is unchanged, trading at C$0.50 per share as of 10:15 am ET.