ACRG 8-K
American Clean Resources Group, Inc. (ACRG)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form
CURRENT REPORT
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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:
|
Exhibit No. |
Description | |
| 99.1 | Press Release, dated February 12, 2025. | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
1
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 | ||
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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.
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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.