EV Resources Limited ( (AU:EVR) ) has provided an update.
EV Resources Limited has secured agreements to acquire significant stakes in two antimony projects: a 70% interest in the Los Lirios Antimony Mine in Oaxaca, Mexico, and 49 unpatented claims in the Coyote Creek Antimony Project in Utah, USA. These acquisitions are part of EVR’s strategic move into the antimony market, which is currently undersupplied. The Los Lirios project includes historic open pit and underground workings, with high-grade antimony samples reported. Meanwhile, the Coyote Creek project encompasses historical mining claims, with a past resource estimate indicating substantial antimony potential. These initiatives position EVR to capitalize on the growing demand for antimony, especially in the US, which currently imports all its antimony concentrates.
More about EV Resources Limited
EV Resources Limited is a company engaged in the exploration and development of mineral resources, with a particular focus on antimony projects. The company is actively pursuing opportunities in regions with low-cost mining potential, aiming to enter the antimony market, which is experiencing a supply shortage and rising prices.
Technical Sentiment Signal: Buy
Current Market Cap: €4.48M
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