American Pacific Mining CEO Warwick Smith joined Mining Stock Daily to discuss the company’s sale of the Palmer Copper-Zinc VMS project to Vizsla Copper for US$15 million in equity plus up to US$15 million in milestones. Smith said American Pacific always intended to transact the asset after securing full ownership last year and waited for the right partner. He highlighted Vizsla’s strong track record and the improving policy backdrop in Alaska, including support from the governor and federal interest in critical minerals such as copper.
Smith noted the substantial exploration potential remaining at Palmer, including untested high-grade copper boulders, and said Vizsla’s recently upsized financing gives it the ability to drill aggressively. For American Pacific, the focus now shifts to the Madison project in Montana, which becomes the flagship. The company also intends to transact several Nevada projects, building a basket of equity positions alongside its core asset.
He confirmed new staking at Madison after long-held in-lier claims became available, and said drilling is expected soon. Over the next year, the company plans to close the Vizsla transaction, complete Nevada deals, and advance Madison with deep drill testing. Smith emphasized that American Pacific is positioning itself for a streamlined portfolio, stronger balance sheet, and exposure to multiple exploration catalysts.