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Xtra Energy Corp. (XTPT) reports developments tied to its American Antimony Project in Bernice Canyon, Nevada, including the Antimony King Mine, IHX Zone, King Solomon area, and historic stockpiles of stibnite-bearing material. Company updates focus on antimony exploration, drill results, mineralized corridor mapping, surface-stockpile sampling, and the evaluation of U.S.-sourced antimony as a critical mineral.
Recurring news also includes metallurgical testing agreements, bulk-sample shipments, flotation testing, concentrate grade and recovery results, processing-flow considerations, and early commercialization work for antimony-bearing material. Corporate items have included legal and capital-structure actions, such as the cancellation of common shares following a resolved legal matter.
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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.