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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
February 17, 2025
AMERICAN CLEAN RESOURCES GROUP, INC.
(Exact Name of Registrant as Specified in Charter)
Nevada |
|
000-14319 |
|
84-0991764 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
|
12567
West Cedar Drive, Suite 104, Lakewood, CO 80228-2039
(Address
of principal executive offices) |
1.720.458.1124
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant
to Section 12(b) of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Common Stock $0.001 par value |
|
ACRG |
|
OTC |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On February 12, 2025, American Clean Resources
Group (“ACRG”) announced that GIR, LLC (“GIR”), as subsidiary of Sustainable Metal Solutions, LLC
(“SMS”), received official confirmation from the Colorado Division of Reclamation, Mining and Safety (“DRMS”)
indicating that GIR’s mining permit application has met the baseline requirements for review. GIR had petitioned DRMS to upgrade
its Cross/Caribou Mine permit from a limited-impact 110B designation to a 112D Designated Mining Operations to enhance its operations.
A limited-impact 110B designation is a permit
classification typically meant for smaller-scale operations that disturb a limited amount of land (up to 10 acres), imposing certain restrictions
on scope and environmental impact. By contrast, a 112D Designated Mining Operation expands both the operational footprint and the regulatory
framework—allowing for larger-scale mining activities, while also requiring stricter adherence to environmental, safety, and reclamation
standards. Pending review, the acreage will increase from roughly 10 acres to nearly 206, marking a substantial leap in operational efficiency,
environmental responsibility, and sustainable practices. This expansion aligns with strict reclamation and safety requirements while reinforcing
community trust. ACRG anticipates that the redesignation will strengthen operational capabilities and enhance environmental stewardship
for SMS.
ACRG is currently in the process of acquiring
SMS and its subsidiary, GIR.
Cautionary Statement Regarding Forward-Looking
Statements
The statements in this Current Report on Form
8-K that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations,
estimates and projections about the industry and markets in which ACRG operates, management’s beliefs and assumptions made by management.
Such statements involve uncertainties that could significantly impact ACRG’s financial results. Words such as “expects,”
“anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,”
variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical
in nature. All statements that address events or developments that we expect or anticipate will occur in the future — including
statements relating to job creation and economic growth, development, industrial production, and general conditions in the geographic
areas — are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties
and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based
on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results
may differ materially from what is expressed or forecasted in such forward-looking statements. ACRG undertakes no duty to update any forward-looking
statements appearing in this release.
Item 9.01. Exhibits
(d) Exhibits.
As described in Item 8.01 of this Report, the following
exhibit is filed as part of this Current Report on Form 8-K:
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
AMERICAN CLEAN RESOURCES GROUP, INC. |
|
|
|
Date: February 17, 2025 |
By: |
/s/ Tawana Bain |
|
|
Tawana Bain |
|
|
Chief Executive Officer |
2
Exhibit 99.1
American
Clean Resources Group pending acquisition poised to expand the development of the
Historic Cross Caribou Operations
Sustainable Metal Solutions, LLC’s subsidiary
GIR, LLC petitioning for permit upgrade.
NEDERLAND, Colorado – Sustainable
Metal Solutions, LLC subsidiary GIR, LLC has received its completeness letter after it petitioned the Colorado Division of Reclamation,
Mining, and Safety (DRMS) to upgrade its Cross/Caribou Mine permit from a limited-impact 110B designation to a 112D Designated Mining
Operations to enhance its operations.
The completeness letter is an official confirmation
from DRMS indicating that a mining permit application has met the baseline requirements for review. A limited-impact 110B designation
is a permit classification typically meant for smaller-scale operations that disturb a limited amount of land (up to 10 acres), imposing
certain restrictions on scope and environmental impact. By contrast, a 112D Designated Mining Operation expands both the operational footprint
and the regulatory framework—allowing for larger-scale mining activities, while also requiring stricter adherence to environmental,
safety, and reclamation standards.
The more than 900-page permit application and
its attachments, currently under review, will enter an additional comment period this month. Pending review, the acreage will increase
from roughly 10 acres to nearly 206, marking a substantial leap in operational efficiency, environmental responsibility, and sustainable
practices. This expansion aligns with strict reclamation and safety requirements while reinforcing community trust. The permit application
was prepared by Lewicki and Associates, a leading environmental, engineering from in the state of Colorado with a 60 year track record.
Lakewood, Colo.-based American Clean Resources
Group (ACRG), led by CEO Tawana Bain, anticipates that the redesignation will strengthen operational capabilities and enhance environmental
stewardship for Sustainable Metal Solutions LLC, the parent company of GIR, LLC. ACRG is in the process of acquiring Sustainable Metal
Solutions, LLC
Alongside expanding its mining footprint, GIR, LLC intends to leverage
the new designation to establish an on-site facility for processing mined material directly into concentrate for sale. Throughout this
process, the company will adhere to stringent environmental and safety standards by implementing a robust environmental protection plan
for its continuing operations.
Disclosure: This press release contains forward-looking statements
within the scope of the safe harbor provisions as established by the U.S. Private Securities Litigation Reform Act of 1995. For more comprehensive
insight into the factors that may deviate actual results from these forward-looking statements, please refer to the Company’s filings
with the Securities and Exchange Commission.
# # #
ACRG is leading the development of Greenway to Power™ - a transformative,
$3B renewable energy industrial park in Nevada, set to power cutting-edge data centers, AI farms, bitcoin mining and industrial manufacturing
operations with 2.0 GW of 24/7 solar energy. By harnessing exclusive water rights, strategic highway and rail access, plus a dedicated
substation, ACRG is creating a hub for NetZero manufacturing and waste-to-energy solutions. With 5,000 new jobs on the horizon, ACRG aims
to deliver clean power, clean air, and strong economic growth—an all-in-one blueprint for sustainable industry.”
Sustainable Metals Solutions, LLC (SMS) is a multi-company environmental
development platform whose main role is the production of carbon neutral minerals and metals exclusively from an overlooked and undervalued
asset class: centuries of historic mine tailings in the Americas.
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American Clean Resources (CE) (USOTC:ACRG)
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