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An update from EV Resources Limited ( (AU:EVR) ) is now available.
EV Resources Limited has entered into an agreement to acquire a 70% stake in the Los Lirios Antimony Mine located in Oaxaca, Mexico. This acquisition is part of EVR’s strategic move to tap into the antimony market, which currently has limited opportunities for large-scale mining. The Los Lirios mine, with its historical open pits and underground workings, has been producing direct shipping ore without local processing facilities. Recent market trends show a significant rise in antimony prices, positioning EVR to potentially benefit from this acquisition.
More about EV Resources Limited
EV Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in various projects that emphasize strategic minerals, such as antimony, which are crucial for industrial applications.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €2.18M
Find detailed analytics on EVR stock on TipRanks’ Stock Analysis page.
