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An announcement from EV Resources Limited ( (AU:EVR) ) is now available.
EV Resources Limited has signed a strategic Memorandum of Understanding with Wogen Resources Ltd and Xcelsior Capital Advisors Ltd to advance its Los Lirios Antimony Project in Oaxaca, Mexico. This partnership involves a proposed secured debt facility of US$2-3 million, exclusive offtake rights for Wogen, and technical and market support from both partners. The agreement is expected to bolster EV Resources’ position in the critical minerals market, particularly in light of global tensions affecting antimony supply and demand. The project aims to restart production from historic open pits and explore further opportunities, potentially becoming a significant supplier of antimony to the global market.
More about EV Resources Limited
EV Resources Limited is a company operating in the mining industry, focusing on the exploration and development of critical minerals, particularly antimony. The company aims to establish a reliable supply chain for antimony, aligning with U.S. and allied critical minerals priorities.
YTD Price Performance: 10.0%
Average Trading Volume: 10,213,978
Technical Sentiment Signal: Sell
Current Market Cap: A$24.5M
See more insights into EVR stock on TipRanks’ Stock Analysis page.