Paradox Basin

American Potash Receives Drill Permits for Three Exploratory Wells on its Green River Potash and Lithium Project, Paradox Basin, Utah

Retrieved on:

Wednesday, October 4, 2023

Lithium, American Potash and Chemical Company, Notice of Intent to Lien, Utah Division, CSE, KCL, Boron, Finniss Lithium Project, Anson, BLM, Paradox, Bromine, British Gas, Paradox Basin, Duma, Potash, Mining

VANCOUVER, British Columbia, Oct. 04, 2023 (GLOBE NEWSWIRE) -- American Potash Corp. (CSE:KCL)(OTCQX:APCOF) ("American Potash" or the "Company") is pleased to announce that it has received permits from the Utah Division of Oil Gas and Mining (UDOGM) to drill exploratory wells on three of its eleven 100% owned potash and lithium state mineral leases which form part of its Green River Potash and Lithium Project, located within the Paradox Basin, Utah.

Key Points:

Three drill permits granted to American Potash on key Utah State mineral leases on their Green River Potash and Lithium Project to test for potash, lithium and other brine salts
VANCOUVER, British Columbia, Oct. 04, 2023 (GLOBE NEWSWIRE) -- American Potash Corp. (CSE:KCL)(OTCQX:APCOF) ("American Potash" or the "Company") is pleased to announce that it has received permits from the Utah Division of Oil Gas and Mining (UDOGM) to drill exploratory wells on three of its eleven 100% owned potash and lithium state mineral leases which form part of its Green River Potash and Lithium Project, located within the Paradox Basin, Utah.
That well intersected 24.3% gamma-log equivalent KCL over 5.9 meters, in addition to numerous brine horizons which were not analyzed for lithium, bromine and boron at the time.
(2) Anson’s Exploration Target is estimated for brines from the combined Mississippian Leadville Formation and the Pennsylvanian Paradox Formation units which also extend throughout American Potash’s project area immediately south of the Anson project area.
The Leadville and Paradox Formation brines will be tested in the Company's initial drill program.

Potash Emerges as an Important Component for Global Food Production

Retrieved on:

Tuesday, August 15, 2023

NEW YORK, Aug. 15, 2023 /PRNewswire/ -- Potash is used in a wide variety of areas and most commonly refers to a group of potassium-rich minerals and chemicals. It is the vital ingredient to produce fertilizer and is widely used in the agricultural industry to boost crop yields and support plant growth. The most common type of potash is Muriate of Potash (MOP) derived from potassium chloride (KCI). It accounts for approximately 95% of the global agricultural potash. Potash also helps to improve the quality of crops by enhancing their flavor, color, and texture. As a result, the market value projections for potash are positive, with the global demand for potash expected to increase due to the growing population and the need for increased food production. Overall, according to data published by the Business Research Company, the global potash market size will grow from USD 22.04 Billion in 2022 to USD 23.03 Billion in 2023, while at a compound annual growth rate (CAGR) of 4.5%. Sage Potash Corp. (TSX-V: SAGE), The Mosaic Company (NYSE: MOS), Intrepid Potash, Inc. (NYSE: IPI), Nutrien Ltd. (NYSE: NTR), ICL Group Ltd. (NYSE: ICL)

Key Points:

The most common type of potash is Muriate of Potash (MOP) derived from potassium chloride (KCI).
As a result, the market value projections for potash are positive, with the global demand for potash expected to increase due to the growing population and the need for increased food production.
"The disruption at the Port of Vancouver has resulted in the curtailment of production at our Cory potash mine and if prolonged could also impact production at our other potash mines in Saskatchewan.
ICL Group is a leading global specialty minerals company, which creates impactful solutions for humanity's sustainability challenges in the food, agriculture and industrial markets.

Potash Emerges as an Important Component for Global Food Production

Retrieved on:

Tuesday, August 15, 2023

NEW YORK, Aug. 15, 2023 /PRNewswire/ -- Potash is used in a wide variety of areas and most commonly refers to a group of potassium-rich minerals and chemicals. It is the vital ingredient to produce fertilizer and is widely used in the agricultural industry to boost crop yields and support plant growth. The most common type of potash is Muriate of Potash (MOP) derived from potassium chloride (KCI). It accounts for approximately 95% of the global agricultural potash. Potash also helps to improve the quality of crops by enhancing their flavor, color, and texture. As a result, the market value projections for potash are positive, with the global demand for potash expected to increase due to the growing population and the need for increased food production. Overall, according to data published by the Business Research Company, the global potash market size will grow from USD 22.04 Billion in 2022 to USD 23.03 Billion in 2023, while at a compound annual growth rate (CAGR) of 4.5%. Sage Potash Corp. (TSX-V: SAGE), The Mosaic Company (NYSE: MOS), Intrepid Potash, Inc. (NYSE: IPI), Nutrien Ltd. (NYSE: NTR), ICL Group Ltd. (NYSE: ICL)

Key Points:

The most common type of potash is Muriate of Potash (MOP) derived from potassium chloride (KCI).
As a result, the market value projections for potash are positive, with the global demand for potash expected to increase due to the growing population and the need for increased food production.
"The disruption at the Port of Vancouver has resulted in the curtailment of production at our Cory potash mine and if prolonged could also impact production at our other potash mines in Saskatchewan.
ICL Group is a leading global specialty minerals company, which creates impactful solutions for humanity's sustainability challenges in the food, agriculture and industrial markets.

Lithium Based Batteries Offer Higher Energy Density Alongside Lower Emissions

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Tuesday, June 27, 2023

Lithium, Unit, Mineral, Geology, Aviation, EVS, Paradox Formation, Transport, News, NYSE, IRR, Financial News, DLE, EV, Nidec, USD, Bromine, Siemens, Knowledge, Growth, Tesla, Investment, LCE, Human, SQM, SLI, Boron, Record, Caterpillar Inc., Cell, PFS, SWA, Paradox, PEA, NPV, NI, Water, Warrant, Paradox Basin, Greenhouse, Economics, S&P Global, GHG, Glencore, Sale, Public expenditure, OTC, Potassium, TSE

NEW YORK, June 27, 2023 /PRNewswire/ -- Lithium has emerged as a critical element in today's world, revolutionizing the energy sector and driving advancements in technology. One of the key advantages of lithium is its efficiency in storing and releasing electrical energy. Lithium-ion batteries, for example, offer higher energy density, longer lifespan, and faster charging capabilities compared to traditional alternatives. These batteries contribute to reducing greenhouse gas emissions and dependence on fossil fuels, supporting the global shift towards sustainable energy. Such batteries are often used in electric vehicles (EVs), and as the demand for renewable energy and EVs continues to soar, the lithium market has become increasingly important. EVs are promoted as a sustainable transportation choice on account of life-cycle basis, as they emit fewer greenhouse gases (GHG) than conventional vehicles. For instance, Tesla is planning for next-generation EV batteries that would focus on introducing Li-iron phosphate batteries to market. This will cut the vehicle costs, and extend the vehicle range up to 400 miles per charge or more. Sage Potash Corp. (TSX-V: SAGE), American Lithium Corp. (NASDAQ: AMLI), Standard Lithium Ltd. (NYSE: SLI), Sigma Lithium Corporation (NASDAQ: SGML), FREYR Battery (NYSE: FREY)

Key Points:

Lithium-ion batteries, for example, offer higher energy density, longer lifespan, and faster charging capabilities compared to traditional alternatives.
These batteries contribute to reducing greenhouse gas emissions and dependence on fossil fuels, supporting the global shift towards sustainable energy.
For instance, Tesla is planning for next-generation EV batteries that would focus on introducing Li-iron phosphate batteries to market.
Sage Potash Corp. (TSX-V: SAGE) just announced breaking news regarding the, "formation of a U.S. subsidiary, Sage Lithium Corp. ("Sage Lithium").

Lithium Based Batteries Offer Higher Energy Density Alongside Lower Emissions

Retrieved on:

Tuesday, June 27, 2023

NEW YORK, June 27, 2023 /PRNewswire/ -- Lithium has emerged as a critical element in today's world, revolutionizing the energy sector and driving advancements in technology. One of the key advantages of lithium is its efficiency in storing and releasing electrical energy. Lithium-ion batteries, for example, offer higher energy density, longer lifespan, and faster charging capabilities compared to traditional alternatives. These batteries contribute to reducing greenhouse gas emissions and dependence on fossil fuels, supporting the global shift towards sustainable energy. Such batteries are often used in electric vehicles (EVs), and as the demand for renewable energy and EVs continues to soar, the lithium market has become increasingly important. EVs are promoted as a sustainable transportation choice on account of life-cycle basis, as they emit fewer greenhouse gases (GHG) than conventional vehicles. For instance, Tesla is planning for next-generation EV batteries that would focus on introducing Li-iron phosphate batteries to market. This will cut the vehicle costs, and extend the vehicle range up to 400 miles per charge or more. Sage Potash Corp. (TSX-V: SAGE), American Lithium Corp. (NASDAQ: AMLI), Standard Lithium Ltd. (NYSE: SLI), Sigma Lithium Corporation (NASDAQ: SGML), FREYR Battery (NYSE: FREY)

Key Points:

Lithium-ion batteries, for example, offer higher energy density, longer lifespan, and faster charging capabilities compared to traditional alternatives.
These batteries contribute to reducing greenhouse gas emissions and dependence on fossil fuels, supporting the global shift towards sustainable energy.
For instance, Tesla is planning for next-generation EV batteries that would focus on introducing Li-iron phosphate batteries to market.
Sage Potash Corp. (TSX-V: SAGE) just announced breaking news regarding the, "formation of a U.S. subsidiary, Sage Lithium Corp. ("Sage Lithium").

American Battery Materials, Inc. Releases New Technical Report Summary on its Lisbon Valley Lithium Project

Retrieved on:

Friday, June 9, 2023

Direct Lithium Extraction (DLE) remains a viable methodology for the property site in exploration and processing.

Key Points:

Direct Lithium Extraction (DLE) remains a viable methodology for the property site in exploration and processing.
“This latest technical report summary highlights the scope of the opportunity and the progress we are making towards direct lithium extraction related to our Lisbon Valley Project,” said Sebastian Lux, Co-CEO of ABM.
Summary Highlights from American Battery Materials, Inc. May 15, 2023, Technical Report
The Lisbon Lithium Project property consists of 120 placer mining claims staked on U. S. Government land administered by the U. S. Bureau of Land Management.
From the ABM Technical Report author’s review of the data, it is believed that there is a substantial indication that lithium mineralization in brines occurs beneath the subject property.

Seaport Global Acquisition II Corp. and American Battery Materials Announce Definitive Business Combination Agreement to Create Nasdaq Listed Company

Retrieved on:

Friday, June 2, 2023

OTC Markets Group, DLE, Port, Probability, Business, Business analyst, ABM, Sumathi Best Television Current Reporting Award, Acquisition, Lithium, Security (finance), Mining, Paradox Basin

The combined company is expected to be renamed “American Battery Materials Holdings”, and its common stock and warrants are expected to be listed on the Nasdaq Global Market (“Nasdaq”).

Key Points:

The combined company is expected to be renamed “American Battery Materials Holdings”, and its common stock and warrants are expected to be listed on the Nasdaq Global Market (“Nasdaq”).
ABM is an exploration stage company focused on DLE and other minerals critical to the global energy transition.
The Company owns 102 federal mining claims in Eastern Utah across 2,040 acres of federal land including seven existing wells.
ABM is focused on supplying domestically-sourced critical minerals, with a particular focus on lithium, to global markets.

Seaport Global Acquisition II Corp. and American Battery Materials Announce Definitive Business Combination Agreement to Create Nasdaq Listed Company

Retrieved on:

Friday, June 2, 2023

OTC Markets Group, DLE, Port, Probability, Business, Business analyst, ABM, Sumathi Best Television Current Reporting Award, Acquisition, Lithium, Security (finance), Mining, Paradox Basin

The combined company is expected to be renamed “American Battery Materials Holdings”, and its common stock and warrants are expected to be listed on the Nasdaq Global Market (“Nasdaq”).

Key Points:

The combined company is expected to be renamed “American Battery Materials Holdings”, and its common stock and warrants are expected to be listed on the Nasdaq Global Market (“Nasdaq”).
ABM is an exploration stage company focused on DLE and other minerals critical to the global energy transition.
The Company owns 102 federal mining claims in Eastern Utah across 2,040 acres of federal land including seven existing wells.
ABM is focused on supplying domestically-sourced critical minerals, with a particular focus on lithium, to global markets.

American Potash Signs New Option Agreement on its Green River Potash and Lithium Project, Paradox Basin, Utah

Retrieved on:

Monday, April 17, 2023

Lithium, American Potash and Chemical Company, South Tyrol Option Agreement, Lik, Bureau of Land Management, Bureau, KCL, Option, Consultant, Finniss Lithium Project, BLM, Paradox Basin, Project, Potash, Real estate, Mining

VANCOUVER, British Columbia, April 17, 2023 (GLOBE NEWSWIRE) -- American Potash Corp. KCL-CSE ("American Potash" or the "Company"), is pleased to announce that it has entered into a new option agreement (the "Option Agreement") with LiK Resources LLC, a private Houston-based exploration company ("LiK"), on its Green River Potash and Lithium Project, located in the Paradox Basin, Utah (the "Project").

Key Points:

VANCOUVER, British Columbia, April 17, 2023 (GLOBE NEWSWIRE) -- American Potash Corp. KCL-CSE ("American Potash" or the "Company"), is pleased to announce that it has entered into a new option agreement (the "Option Agreement") with LiK Resources LLC, a private Houston-based exploration company ("LiK"), on its Green River Potash and Lithium Project, located in the Paradox Basin, Utah (the "Project").
The Option Agreement replaces the previous option agreement entered into by the Company and LiK on December 17, 2021.
Following completion of the above requirements, LiK will be deemed to have earned a 70% interest in the Project.
If LiK does not elect to purchase the remaining 30%, the parties will then enter into a joint venture to further develop the Project.

Domestic Potash Producers Look to Supplement Strained Supply Chains

Retrieved on:

Monday, March 27, 2023

NEW YORK, March 27, 2023 /PRNewswire/ -- Potash is an essential nutrient for plants, particularly in the growth and development of their roots. It is a naturally occurring mineral that contains potassium in water-soluble form, and it is commonly used in the agriculture industry as a fertilizer. Potash plays a crucial role in enhancing crop yield and quality, which has made it an essential component of modern agriculture. Potassium also contributes to the overall health of the plant by strengthening its immune system and improving its resistance to diseases and pests. The future market potential for potash is promising, particularly as the global population continues to grow and demand for food increases. And, according to data provided by Industry Research Biz, the global potash market size was valued at USD 26.1 Billion in 2022 and is expected to expand at a CAGR of 2.54% during the forecast period, reaching USD 30.4 Billion by 2028. Sage Potash Corp. (TSX-V: SAGE), FMC Corporation (NYSE: FMC), CVR Partners, LP (NYSE: UAN), The Mosaic Company (NYSE: MOS), Hawkins, Inc. (NASDAQ: HWKN)

Key Points:

Potash plays a crucial role in enhancing crop yield and quality, which has made it an essential component of modern agriculture.
Solution mining involves injecting hot water into underground deposits to dissolve potash, which is then pumped to the surface for processing.
Potash solution mining is ideal when ore is found more than 1,000 meters below ground level and when dealing with sedimentary rock.
As leaders in potash solution mining consulting and engineering, RESPEC has successfully executed numerous projects worldwide and consulted for some of the largest potash producers including Rio Tinto, North Atlantic Potash, Potash Corporation of Saskatchewan (PCS) (now Nutrien), CanPacific, Sennen Resources and others.