American Potash Corp. is actively exploring its Green River Potash and Lithium project which hosts an Exploration Target** estimated to contain 600 million to 1 billion tons of sylvinite grading between 19% to 29% KCL. This target is within the same stratigraphic horizon as the nearby Moab potash solution mine, operated by Intrepid Potash Inc. (NYSE-IPI), America's largest potash company. Potentially economic concentrations of Lithium and other brines are also known to occur within the project area and are being actively investigated.
* USGS ,Minerals Commodities Summaries, January 2022
** Agapito Associates Inc. Technical report (October 2012) quantifies the Green River Potash Project’s potash exploration potential in the form of a NI 43-101 Exploration Target. The Exploration Target estimate was prepared in accordance to the NI 43-101 guidelines of the Canadian securities regulators. It should be noted that Exploration Targets are conceptual in nature and there has been insufficient exploration to define them as Mineral Resources, and, while reasonable potential may exist, it is uncertain whether further exploration will result in the determination of a Mineral Resource under NI 43-101. The Exploration Target stated in the Agapito Report is not being reported as part of any Mineral Resource or Mineral Reserve.