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Vancouver, British Columbia--(Newsfile Corp. - February 27, 2025) - American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC1) ("American Pacific" or the "Company") highlights the strengthening bull case for copper in light of recent US policy developments and how the Company's US-based copper assets are strategically positioned to benefit from these trends.
President Trump said on Sunday, that he would impose 25% tariffs on all steel and aluminum imports and also threatened to apply levies on imported copper. US metals prices, including copper, have been increasing with significant premiums ahead of potential tariffs on imports. This surge in domestic copper prices reflects growing concerns about supply constraints and highlights the increasing importance of US-based copper assets.
The Financial Times recently reported that premiums for US copper futures have widened to over US $800 per tonne above London prices, the highest level since early 2020, as US buyers compete to secure copper supplies in anticipation of potential tariffs. The US relies heavily on imports for its copper needs, emphasizing the value of domestic copper supply.
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Warwick Smith, CEO of American Pacific, commented: "The current market dynamics and US policy trends underscore the strategic value of our US-based copper assets. With projects like our Madison Copper-Gold project in Montana, and Palmer Copper-Zinc project in Alaska, we are well-positioned to potentially supply the growing domestic demand for copper, a critical metal for the US economy and clean energy transition."
Palmer Copper-Zinc VMS Project, Alaska
Last year, American Pacific reported the highest-grade copper intercepts ever drilled at its Palmer project, including:
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CMR23-172 Zone 1: 43.8 m grading 6.54% Cu, 3.15% Zn, 0.42 g/t Au and 27.97 g/t Ag (8.22% CuEq)
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CMR23-167 Zone 1: 37.1 m grading 4.57% Cu, 8.44% Zn, 0.50 g/t Au and 29.33 g/t Ag (8.40% CuEq)
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CMR23-169 Zone 1: 33.2 m grading 5.48% Cu, 7.22% Zn, 0.64 g/t Au and 36.78 g/t Ag (8.95% CuEq)
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CMR23-171 Zone 1: 23.9 m grading 9.03% Cu, 3.49% Zn, 0.83 g/t Au and 41.75 g/t Ag (11.15% CuEq)
Notes: Cu = copper; Au = gold; g/t = grams per tonne
Additionally, the Company recently published an updated mineral Resource estimate on the project, which showed a substantial increase in contained copper (see January 20, 2025 news release).
Palmer 2025 Mineral Resource Estimate
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Indicated: 4.77 million tonnes at 1.69% copper, 5.17% zinc, 0.14% lead, 28.4 g/t silver, 0.29 g/t gold, 20.6% barite (3.5% copper equivalent or 13.2% zinc equivalent)
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Inferred: 12.00 million tonnes at 0.57% copper, 3.92% zinc, 0.47% lead, 66.3 g/t silver, 0.33 g/t gold, 25.5% barite (3.1% copper equivalent or 8.9% zinc equivalent)