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The latest announcement is out from EV Resources Limited ( (AU:EVR) ).
EV Resources Limited has secured a lease with an option to purchase a 150-tonne-per-day processing plant in Puebla, Mexico, to fast-track antimony production. This acquisition positions EVR as a leader in North American antimony supply, with plans to source feedstock from local artisanal miners, providing community benefits and aligning with strategic stockpile initiatives. The plant’s proximity to the Los Lirios Antimony Project and connection to the national grid are expected to reduce operational costs and accelerate production timelines, potentially establishing a cash flow positive business and a foundation for supplying critical metals to the U.S.
More about EV Resources Limited
EV Resources Limited operates in the critical minerals industry, focusing on the development and production of antimony and other strategic metals. The company is strategically positioned to supply North American markets, aligning with U.S. and allied critical minerals strategies.
YTD Price Performance: 20.0%
Average Trading Volume: 13,732,354
Technical Sentiment Signal: Sell
Current Market Cap: A$29.55M
For a thorough assessment of EVR stock, go to TipRanks’ Stock Analysis page.