American Potash Corp. KCL-CSE announced that it has terminated its option agreement with LiK Resources LLC on its Green River Potash and Lithium Project, located in the Paradox Basin, Utah. The Option Agreement, as announced in the Company's April 17th news release, stipulated that LiK must make a cash payment to the Company of $3 million (USD) on or before April 28th, 2023.

After granting a grace period and with no certainty that these funds would be forthcoming, the Company has terminated the Option Agreement, and is now assessing alternatives to provide funding for further development of this promising Project.