Xtra Energy Corp. Breaks Ground at American Antimony Project in Nevada
Rhea-AI Summary
Xtra Energy Corp. (OTC Pink:XTPT) has commenced road construction at its American Antimony Project in Nevada following BLM's acceptance of the reclamation bond. The project features 22+ historic surface stockpiles with sampling grades up to 33% Sb and an average of 12.8%.
The company plans to begin its Phase 1 drill program and stockpile assessment next week, targeting the first 2,100 tons of material for metallurgical testing and potential sales. The project aims to become a crucial domestic source of antimony, essential for munitions, semiconductors, and grid-scale energy storage, particularly significant amid Pentagon's recent halt on certain munitions exports due to low U.S. stockpiles.
Positive
- Initial stockpile sampling shows high-grade antimony content up to 33% Sb with 12.8% average
- Project represents one of the only known U.S.-based antimony production opportunities
- Strategic timing aligns with Pentagon's urgent need for domestic antimony supply
- Potential for early revenue generation from existing surface stockpiles
Negative
- Project still in early development phase with infrastructure work just beginning
- Metallurgical testing yet to be completed to confirm commercial viability
News Market Reaction – XTPT
In the trading session that priced this news, XTPT gained 40.00%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Roadwork Now Underway, Drilling and Stockpile Assessment Set to Begin Next Week
AUSTIN, TX / ACCESS Newswire / July 7, 2025 / Xtra Energy Corp. (OTC Pink:XTPT) is pleased to announce that road construction has officially begun at its American Antimony Project in Nevada. This milestone follows the successful posting and formal acceptance of the Company's reclamation bond by the U.S. Bureau of Land Management (BLM)-the final regulatory requirement prior to ground activity.
Construction crews are now fully mobilized on-site, and initial roadwork is progressing on schedule. Completion is expected within the next week, allowing XTPT to immediately launch its Phase 1 drill program and begin detailed sampling and assessment of over 22 historic high-grade surface stockpiles.
"We're now in motion," said Mac J. Shahsavar, P.Eng., Chairman & CEO of XTPT. "This development signals the beginning of a transformative phase for the Company. Our team has positioned itself to execute quickly, and with roadwork nearing completion, we're set to open access to both subsurface drill targets and surface stockpiles that could generate early revenue."
Project Highlights:
22+ historic surface stockpiles identified across the site, created during WWI and WWII
Sampling from initial piles has returned grades up to
33% Sb, with an average of12.8% First 2,100 tons of material targeted for metallurgical testing and potential near-term sale
Drilling to test extensions of high-grade stibnite veins and felsite dikes along a 4-kilometer corridor
The American Antimony Project is one of the only known U.S.-based projects with the potential to deliver domestic antimony production-a material vital for munitions, semiconductors, and grid-scale energy storage.
Strategic Timing Amid Geopolitical Shifts
The Company's development efforts come at a time of renewed urgency for domestic defense supply chains. With the Pentagon now halting certain munitions exports due to low U.S. stockpiles, the need for a reliable domestic source of antimony has become more critical than ever.
XTPT is on track to not only advance exploration but to play a key role in restoring American antimony production capacity for the first time in decades.
About Xtra Energy Corp.
Xtra Energy Corp. (OTC PINK:XTPT) is a U.S.-based mineral resource company dedicated to the exploration, development, and responsible stewardship of critical mineral assets. With a primary focus on antimony, Xtra Energy is advancing a growing portfolio of high-grade domestic projects aimed at reducing U.S. reliance on foreign supply chains. Through environmentally responsible practices and strategic project development, the company is positioning itself to become a leading supplier of antimony-based ore in North America.
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 Twitter: https://twitter.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