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The latest announcement is out from EV Resources Limited ( (AU:EVR) ).
EV Resources Limited has agreed to sell its Coyote Creek Antimony Project in Utah to Trigg Minerals, allowing EVR to recover its previous acquisition costs while retaining exposure to the project’s potential upside through shareholdings and a cash bonus. This transaction aligns with EVR’s strategy to focus on core assets and reduce monthly expenditures, while still maintaining a presence in the antimony market through its stake in Trigg and its proposed acquisition of a majority interest in the Los Lirios antimony mine in Mexico.
More about EV Resources Limited
EV Resources Limited is a company focused on the antimony industry, primarily dealing with open pit mining opportunities. The company is committed to an Americas-focused strategy and aims to become a significant player in the antimony market, especially given the current supply shortages in the USA.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$9.93M
For an in-depth examination of EVR stock, go to TipRanks’ Stock Analysis page.