Welcome to our dedicated page for Xtra Energy news (Ticker: XTPT), a resource for investors and traders seeking the latest updates and insights on Xtra Energy stock.
Xtra Energy Corp. (XTPT), referenced in its press releases as operating as American Antimony Corporation, issues frequent news updates about its work in critical minerals and antimony-focused exploration. The company’s coverage centers on its U.S.-based projects, particularly the American Antimony Project in Nevada’s Bernice Canyon District, and on its broader efforts to advance domestic antimony supply chain independence.
News items for XTPT often highlight drilling campaigns, geological results, and metallurgical testing programs. Examples include announcements of Phase 1 reverse circulation drilling at the American Antimony Project, certified laboratory assay results confirming thick intervals of stibnite (antimony sulfide) mineralization with associated gold, and updates on surface stockpiles of high-grade antimony-bearing material at zones such as IHX, King Solomon, and Antimony King.
Another recurring theme in XTPT news is the company’s use of Metallurgical Testing Agreements (MTAs) with counterparties and laboratories. Releases describe the delivery of test shipments of Nevada-sourced antimony ore, the evaluation of antimony recovery potential, and assessments of processing compatibility for potential integration into existing processing flowsheets. The company also reports on corporate developments such as land acquisitions in Nevada’s Big Creek District, legal resolutions affecting its share structure, and technical leadership appointments linked to metallurgy and sustainability.
Investors and observers following XTPT news can expect updates related to exploration progress, testwork on high-grade ore, project expansion, and corporate actions that the company associates with its goal of developing scalable, U.S.-based antimony supply. This news feed allows readers to track how the company’s projects and technical programs evolve over time, based on information the company releases to the market.
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Xtra Energy Corp. (OTC PINK:XTPT) has completed a 20-acre expansion to gain full ownership of the historically significant Drumm Mine, increasing its ownership to 1,425 acres across 14 documented antimony mines in Nevada's Bernice Mining District. The Drumm Mine features historical production records, including a 1940 output of 28 tons of ore averaging 52% antimony. Chairman Mac J. Shahsavar emphasized that consolidating smaller operations can enhance efficiency, safety, and environmental management, leading to a more sustainable and profitable mining industry. This strategic move positions XTPT to capitalize on its expanding portfolio of antimony-rich assets.
Xtra Energy Corp. (OTC PINK:XTPT) announced the confirmation of four additional historical antimony mines in its American Antimony project, expanding its total claims to thirteen. The new groups include the Blue Bird, Blue Jacket, Far South Marguerite Prospect, and Blue Eagle, all enhancing the company's positioning in the antimony market. With Chinese and Russian dominance over antimony production raising supply concerns, Chairman Mac J. Shahsavar emphasized the importance of reviving U.S. antimony deposits for national security. The project spans 1,400 acres in Nevada, reinforcing XTPT's commitment to become a leading antimony supplier.
Xtra Energy Corp. (XTPT) announced the completion of an 80-acre expansion to gain full ownership rights of the Lofthouse Mine, historically a significant antimony producing site. Located near the American Antimony Project in Nevada, this expansion increases the company’s total holdings to nine historically documented antimony mines over 1400 acres. According to Chairman Mac J. Shahsavar, this acquisition marks a crucial advancement in reviving the Bernice Mining District, with antimony's growing industrial importance highlighted.
Xtra Energy Corp. (OTC PINK:XTPT) has appointed Keith Diegel as the Exploration Geologist for its American Antimony Project for the 2023 and 2024 seasons. Diegel brings extensive expertise in subsurface mapping, ore control, and geochemical analysis, having worked previously with Sibanye-Stillwater on platinum projects. Chairman Mac J. Shahsavar emphasized Diegel's crucial role in guiding the project's direction. The company holds a 100% ownership of a 64 lode claim, 1320-acre antimony project near the historical Antimony King Mine in Nevada, seeking to become a major supplier of antimony-based products.
Xtra Energy Corp. (OTC PINK:XTPT) has announced the successful acquisition of a third group of historical antimony mines through a 495-acre claim expansion. This brings the total number of historically documented antimony mines under 100% ownership within its American Antimony project to eight. Key locations include the Last Hope Prospect, Spring Creek Prospect, and Marguerite No. 1 Prospect, all of which have confirmed antimony deposits. Chairman Mac J. Shahsavar emphasized the ongoing growth and the intent to consolidate historical antimony producers, positioning the company for potential large-scale funding and development.
Xtra Energy Corp. (OTC Markets:XTPT) has unveiled the I.H.X. Mine, located near the Arrance Antimony Prospect within its 100% owned American Antimony #03 lode claim. The I.H.X. Mine has historical significance, producing high-grade antimony during World Wars. Chairman Mac J. Shahsavar emphasized its potential for revival to meet America's growing demand for antimony. The mine features extensive geological formations, including stibnite deposits, and is ripe for further exploration. The company aims to position itself as a major supplier of antimony-based products through its comprehensive asset portfolio.
Xtra Energy Corp. (OTC Markets: XTPT) has released a second inspection video of its Arrance Antimony Prospect, a historically significant site located 31 miles NE of Eastgate, Nevada. The inspection, led by Steven Cyros from Red Beryl Mining Company, highlights key features such as a well-maintained portal and remnants of a past stamp mill. Chairman Mac J. Shahsavar emphasizes the site's previous operational scale, indicating it was a substantial producer of high-grade antimony. This video underscores the company's potential in developing its antimony-rich assets.