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Xtract Resources ( (GB:XTR) ) has shared an update.
Xtract Resources Plc, through its subsidiary Wildstone SARL, has acquired two exploration licenses in Morocco, known as the Amghas Licences, for antimony mining. The acquisition aims to reinstate a former producing mine, with plans to conduct extensive exploration and establish a mineral resource estimate. This strategic move is expected to enhance Xtract’s position in the antimony market, potentially leading to production and sale of antimony concentrate into international markets.
More about Xtract Resources
Xtract Resources Plc operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction of antimony, a critical metal, and has a market focus on international markets where demand for antimony is rising.
Average Trading Volume: 1,070,504
Technical Sentiment Signal: Hold
Current Market Cap: £7.49M
See more insights into XTR stock on TipRanks’ Stock Analysis page.