American Pacific Mining and ICG Silver & Gold Finalize Tuscarora District Sale
American Pacific Mining has sold 100% of its Tuscarora and Danny Boy projects to ICG Silver & Gold through a plan of arrangement. The transaction results in American Pacific receiving ICG shares and a future payment.
Vancouver, British Columbia – March 25, 2026 – American Pacific Mining Corp. has completed an arrangement to sell 100% of its Tuscarora and Danny Boy projects to ICG Silver & Gold Ltd. The transaction involves extensive silver and gold projects located in Nevada.
American Pacific Receives ICG Shares, Contingent Payment
Under the terms of the arrangement, American Pacific has received shares in ICG and is entitled to a future payment of US$5 million upon the commencement of commercial production. Shareholders of American Pacific also received a pro-rata distribution of ICG shares. CEO Warwick Smith stated that the sale of the Tuscarora District frees up resources for the company's flagship Madison Copper-Gold Project in Montana.
ICG to Advance Tuscarora District
ICG Silver & Gold plans to leverage the data received to advance exploration at the Tuscarora District, aiming to establish a preliminary mineral resource estimate. ICG CEO Steven Sirbovan expressed gratitude for the work done by American Pacific and emphasized the importance of the quality data.
ICG Obtains Conditional Listing Approval
ICG has secured conditional approval for listing on the Canadian Securities Exchange (CSE) under the ticker "ICG," with trading expected to commence on March 31, 2026. The company previously raised approximately $2.8 million in financing to support project advancement.