American Antimony Corporation (Operating as Xtra Energy Corporation) Announces Successful Resolution of Legal Matter Resulting in Cancellation of 15.24 Million of its Common Shares

Rhea-AI Summary

American Antimony Corporation (OTCID:XTPT) has successfully resolved a legal dispute resulting in the cancellation of 15.24 million common shares. The legal matter stemmed from a 2012 acquisition agreement where certain shareholders failed to return shares following the agreement's termination.

The District Circuit Court ruled in favor of the company, leading to the cancellation of these disputed shares, which represents approximately 6% reduction in the company's total issued and outstanding common shares.

Positive

• Court ruling resulted in cancellation of 15.24 million common shares
• 6% reduction in total outstanding shares, potentially increasing value for remaining shareholders
• Successful resolution of legacy legal dispute from 2012

Negative

• Legal proceedings required to resolve share dispute from 2012 acquisition

News Market Reaction – XTPT

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-3.54% News Effect

On the day this news was published, XTPT declined 3.54%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AUSTIN, TX / ACCESS Newswire / September 10, 2025 / American Antimony Corporation (OTCID:XTPT) is pleased to announce the successful resolution of legal matter resulting in cancellation of 15,240,000 of its Common Shares.

The Company had filed a Complaint in District Circuit Court against certain shareholders related to an acquisition agreement originally entered in 2012. Following the termination of that agreement in 2012, those shareholders failed to return shares that had been issued to them. As a result, the Company sought judicial relief to cancel and return these shares to the treasury.

The Court has now rendered its judgment in favor of the Company, resulting in the cancellation of 15,240,000 common shares. This cancellation represents a reduction of approximately 6% of the Company's total issued and outstanding Common shares.

About American Antimony Corporation
Operating as Xtra Energy Corp. (OTCID:XTPT) a U.S.-based mineral resource company focused on advancing critical mineral supply chain independence. The Company's primary asset focus is antimony, a federally designated critical mineral essential to defense, semiconductors, and energy storage applications. Xtra Energy is developing a portfolio of high-grade, U.S.-based projects with near-term production potential, aimed at delivering scalable domestic supply solutions in alignment with national security and industrial priorities.

Contact & Learn More:
Xtra Energy Corporation
Phone: 512-412-3636
secretary@americanantimony.com

Corporate Website: https://americanantimony.com/
Corporate Linkedin: https://www.linkedin.com/company/xtra-energy-corp/
Corporate X: https://x.com/xtra_corp
Corporate Instagram: https://www.instagram.com/xtraenergycorp/
Corporate Facebook: https://www.facebook.com/profile.php?id=100093057374695

FORWARD-LOOKING STATEMENTS:
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause materially different results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/XTPT/disclosure

SOURCE: Xtra Energy Corp.

View the original press release on ACCESS Newswire

FAQ

How many shares were cancelled in XTPT's recent legal resolution?

15.24 million common shares of American Antimony Corporation were cancelled following the court's judgment.

What percentage of XTPT's outstanding shares were cancelled?

The cancelled shares represented approximately 6% of the company's total issued and outstanding common shares.

Why did XTPT seek legal action to cancel these shares?

The company sought judicial relief because certain shareholders failed to return shares that were issued to them following the termination of a 2012 acquisition agreement.

When was the original acquisition agreement that led to XTPT's share dispute?

The original acquisition agreement was entered in 2012 and was terminated in the same year.

What was the court's decision in XTPT's share cancellation case?

The District Circuit Court ruled in favor of American Antimony Corporation, resulting in the cancellation of 15.24 million common shares.