APCOF
AMERICAN CRITICAL MINERAL
stock OTC

Rare earths
Tactical Resources (TSXV: RARE / OTCQB: USREF), a JMP Portfolio holding, is listing onto the Nasdaq any day now into a bottom, not the top.
Market cap: $80 million CAD
They own the operating Peak quarry in Texas, two miles from USAR's Round Top project, and sitting on tonnes of tailings with REE mineralization. Near term mining opportunity.
Investors loading shares now skip the 18 month journey they took to finally be standing on the Nasdaq doorstep.
It’s stock trades in the $9.00 CAD range, still significantly up from our Premium entry at $5 in April, despite the REE sector sell-off. And in my opinion still very undervalued.
American investors hungry for domestic REE miners are going to snap shares up.
Tactical is near closing its business combination with Plum Acquisition Corp. III and moving from the TSX Venture Exchange to the Nasdaq under TREO.
Of the shares issued to Tactical holders, 37% carry a six-month transfer restriction. Far more lenient than initially reported.
Had this listed in April, at the peak, with generalists bidding every ticker with the word in its name, TREO would have opened into euphoria and spent June and July handing it back alongside MP and USAR.
Instead it arrives with the correction largely behind it, a financing package attached, tailings already on surface at a permitted operating quarry they own, and a domestic buyer base short of exactly what it produces.
Stealth lithium pick:
American Critical Minerals (CSE: KCLI / OTCQB: APCOF), a core JMP holding, is our stealth lithium pick, with most eyeballs paying attention to the legacy potash story.
Market cap: $20m CAD
Weeks away from a first ever confirmation hole into a large scale potash, lithium and bromine target, within trucking distance of a potash mine and an advanced lithium operation next door.
Drilling up to 10,000 feet into the same Paradox Basin Cycle’s that Intrepid Potash has been mining its potash from for over 50 years; and where Anson Resources is developing a large scale pilot plant funded by Korean giant POSCO.
A positive brine result forces a reclassification, which forces a major rerate.
At a $20M market cap, still cheap in my book.
The risk: Low grade brine sends this back to the office to re-target with more stock dilution needed.
The reward: Hitting what they expect results in an instant multiples rerate and institutions writing large cheques to develop the resource.

Rare earths
Tactical Resources (TSXV: RARE / OTCQB: USREF), a JMP Portfolio holding, is listing onto the Nasdaq any day now into a bottom, not the top.
Market cap: $80 million CAD
They own the operating Peak quarry in Texas, two miles from USAR's Round Top project, and sitting on tonnes of tailings with REE mineralization. Near term mining opportunity.
Investors loading shares now skip the 18 month journey they took to finally be standing on the Nasdaq doorstep.
It’s stock trades in the $9.00 CAD range, still significantly up from our Premium entry at $5 in April, despite the REE sector sell-off. And in my opinion still very undervalued.
American investors hungry for domestic REE miners are going to snap shares up.
Tactical is near closing its business combination with Plum Acquisition Corp. III and moving from the TSX Venture Exchange to the Nasdaq under TREO.
Of the shares issued to Tactical holders, 37% carry a six-month transfer restriction. Far more lenient than initially reported.
Had this listed in April, at the peak, with generalists bidding every ticker with the word in its name, TREO would have opened into euphoria and spent June and July handing it back alongside MP and USAR.
Instead it arrives with the correction largely behind it, a financing package attached, tailings already on surface at a permitted operating quarry they own, and a domestic buyer base short of exactly what it produces.
Stealth lithium pick:
American Critical Minerals (CSE: KCLI / OTCQB: APCOF), a core JMP holding, is our stealth lithium pick, with most eyeballs paying attention to the legacy potash story.
Market cap: $20m CAD
Weeks away from a first ever confirmation hole into a large scale potash, lithium and bromine target, within trucking distance of a potash mine and an advanced lithium operation next door.
Drilling up to 10,000 feet into the same Paradox Basin Cycle’s that Intrepid Potash has been mining its potash from for over 50 years; and where Anson Resources is developing a large scale pilot plant funded by Korean giant POSCO.
A positive brine result forces a reclassification, which forces a major rerate.
At a $20M market cap, still cheap in my book.
The risk: Low grade brine sends this back to the office to re-target with more stock dilution needed.
The reward: Hitting what they expect results in an instant multiples rerate and institutions writing large cheques to develop the resource.