Xtra Energy Corp. Posts and Receives BLM Acceptance of Reclamation Bond, Clearing the Way for Immediate Development at the American Antimony Project
Rhea-AI Summary
Xtra Energy Corp. (OTC Pink:XTPT) has received formal acceptance of its reclamation bond from the U.S. Bureau of Land Management (BLM) for the American Antimony Project in Nevada. This regulatory approval enables the company to immediately commence development activities including road construction, site preparation, and drilling operations.
The company's immediate development plans include launching Phase 1 drilling to test high-grade stibnite-bearing dikes and veins, and conducting metallurgical testing on historic surface stockpiles that have shown grades up to 33% Sb. The project aims to establish America's first producing antimony operation, addressing the current 100% reliance on imports, primarily from China.
The American Antimony Project is strategically positioned to develop a domestic supply of antimony, which is designated as a critical mineral essential for defense, semiconductors, and energy storage applications.
Positive
- Received BLM approval for reclamation bond, clearing final regulatory milestone
- Authorization to begin immediate development activities
- Historic surface stockpiles show high grades up to 33% Sb
- Strategic positioning to establish first U.S. antimony production facility
Negative
- Current 100% dependence on antimony imports, primarily from China
News Market Reaction 1 Alert
On the day this news was published, XTPT gained 4.27%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AUSTIN, TX / ACCESS Newswire / June 30, 2025 / Xtra Energy Corp. (OTC Pink:XTPT), a U.S.-based critical minerals exploration and development company, is pleased to announce that it has successfully posted and received official acceptance of the required reclamation bond from the U.S. Bureau of Land Management (BLM) for its American Antimony Project in Nevada.
With the bond now formally approved and accepted by the BLM, Xtra Energy has cleared its final regulatory milestone. The Company is now authorized to begin road construction, site preparation, and drilling activities immediately.
"This is the green light we've been waiting for," said Mac J. Shahsavar, P.Eng., Chairman and CEO of XTPT. "With the BLM's formal acceptance of our reclamation bond, we are cleared to break ground and begin the next phase of development at the American Antimony Project. This marks a critical step toward establishing America's first producing antimony operation."
Development Begins at a Pivotal Time for U.S. Critical Minerals
The bonding process is a key part of environmental compliance on federal lands, ensuring responsible stewardship throughout exploration and development. Xtra Energy's swift execution of this requirement reflects its operational readiness and long-term commitment to sustainable project advancement.
Immediate Next Steps:
Begin low-impact road construction and drill pad development
Launch Phase 1 drilling to test extensions of high-grade stibnite-bearing dikes and veins
Conduct comprehensive sampling and metallurgical testing on over 22 historic surface stockpiles-with grades up to
33% Sb
Xtra Energy's project is positioned to help reestablish a domestic supply of antimony, a federally designated critical mineral essential to defense, semiconductors, and energy storage. With
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
FAQ
What regulatory approval did Xtra Energy (XTPT) receive for its American Antimony Project?
What are the immediate development plans for XTPT's American Antimony Project?
What grades of antimony are present in XTPT's surface stockpiles?
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