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The latest announcement is out from Slam Exploration ( (TSE:SXL) ).
SLAM Exploration has secured an option to acquire the Moose Lake antimony project in New Brunswick’s Bathurst Mining Camp, adding two claims with three historical antimony-gold showings to its wholly owned Slacks Lake claim group. The combined Moose Lake and Slacks Lake holdings now span 3,567 hectares of road-accessible ground underlain by prospective volcano-sedimentary rocks with multiple documented antimony occurrences and till anomalies.
Under the three-year option agreement, SLAM can earn a 100% interest in the Moose Brook antimony claims by paying a total of CAD $80,000 and issuing 600,000 shares, while granting the vendors a 2% net smelter return royalty with a partial buyback right. In parallel, the company plans to extend the expiry of 2.7 million share purchase warrants by one year, a move that could support future financing flexibility as it advances exploration of its expanded antimony portfolio in 2026.
More about Slam Exploration
SLAM Exploration Ltd. is a Canadian mineral exploration company focused on gold and critical elements in New Brunswick’s mineral-rich districts. The company targets volcano-sedimentary terranes within the Bathurst Mining Camp, assembling road-accessible claim packages with potential for antimony and associated precious metals to capitalize on growing demand for critical minerals.
Average Trading Volume: 91,326
Technical Sentiment Signal: Hold
Current Market Cap: C$10.52M
For a thorough assessment of SXL stock, go to TipRanks’ Stock Analysis page.