Xtra Energy Corp. Retains Strategic Advisors from Sidney Resources Corp.'s Successful $8 Million Funding Effort to Propel Growth and Advance "American Antimony" Project

Rhea-AI Summary

Xtra Energy Corp. (OTC Pink:XTPT) has retained the strategic advisory team that recently helped Sidney Resources Corp. secure an $8 million capital raise. This move aims to accelerate the development of Xtra Energy's flagship 'American Antimony' project in Nevada.

The project, located 31 miles northeast of Eastgate, encompasses 203 lode claims across 4,276 acres surrounding the historic Antimony King Mine and the Bernice Mining District. The advisory team will focus on securing additional financing, identifying joint venture opportunities, and positioning Xtra Energy as a leading North American antimony producer.

The advisors will also assist in strengthening corporate infrastructure, refining project timelines, implementing cost-effective exploration strategies, and enhancing ESG standards. Antimony, recognized as a critical mineral by the U.S. government, is essential for energy storage, advanced materials, national defense, and green technologies.

Positive

• Strategic advisors with proven $8M funding success record joined the company
• Company owns 100% of 203 lode claims covering 4,276 acres
• Project focuses on antimony, a U.S. government-recognized critical mineral

Negative

• None.

News Market Reaction

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On the day this news was published, XTPT declined 7.05%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AUSTIN, TX / ACCESS Newswire / January 27, 2025 / Xtra Energy Corp. (OTC Pink:XTPT), a Nevada-based leading antimony exploration company, committed to sustainable resource development and innovation, is pleased to announce that it has retained the same strategic advisory team responsible for guiding Sidney Resources Corp. through its recent $8 million capital raise (link to news). Leveraging the expertise and proven track record of these advisors, Xtra Energy aims to accelerate the development of its flagship "American Antimony" project and strategically position the Company for future capital raising, operational efficiency, and shareholder value creation.

"We are excited to have secured the services of a team with a demonstrated history of delivering results," said Mac J. Shahsavar, P.Eng., Chairman and C.E.O. of Xtra Energy Corp. "Their involvement in Sidney Resources Corp.'s recent $8 million funding success is a testament to their acumen and network. As we move forward, their insight will be instrumental in helping Xtra Energy optimize its capital structure, streamline operations, and broaden its relationships within the investor community."

Driving the American Antimony Project Forward

Xtra Energy's flagship "American Antimony" project targets a critical mineral essential to several high-growth industries, including energy storage, advanced materials, national defense, and emerging green technologies. Recognized as a critical mineral by the U.S. government, antimony has increasingly captured the attention of both domestic and international markets. By benefiting from the strategic advisors' profound industry understanding, Xtra Energy intends to expedite resource delineation, advance metallurgical studies, and enhance its community and regulatory outreach initiatives.

Building on a Proven Track Record

The retained advisors have extensive experience in resource exploration, capital markets, corporate governance, and investor relations. Their involvement in Sidney Resources Corp.'s oversubscribed funding round underscores their capabilities in navigating complex financial landscapes and delivering strong outcomes under challenging market conditions. Now, working with Xtra Energy, these advisors will focus on developing optimal strategies to secure additional financing, identify joint venture opportunities, and position the Company as a leading antimony producer in North America.

Enhanced Capital Raising and Operational Efficiency

Beyond fundraising support, the advisors will collaborate closely with Xtra Energy's executive team to strengthen corporate infrastructure. Initiatives include refining the Company's project timelines, implementing cost-effective exploration and drilling strategies, and enhancing environmental, social, and governance (ESG) standards. These efforts are expected to bolster investor confidence, streamline project execution, and expedite the path to production.

Contact & Learn More:

Xtra Energy Corporation
Phone: 512-412-3636

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

About Xtra Energy Corporation

Xtra Energy Corporation is an antimony exploration company focused on developing its flagship project "American Antimony", approximately 31 miles northeast of Eastgate, Nevada. Xtra Energy Corporation holds a 100% ownership in a 203 lode claim, 4276 acre antimony project surrounding the historically documented Antimony King Mine and covering all other documented antimony producers of the Bernice Mining District. The Company is seeking to develop this expanding portfolio of antimony-rich assets to become a major supplier of antimony based products.

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 is the size of Xtra Energy's (XTPT) American Antimony project in Nevada?

Xtra Energy's American Antimony project covers 203 lode claims across 4,276 acres in the Bernice Mining District, located 31 miles northeast of Eastgate, Nevada.

Who are the strategic advisors hired by Xtra Energy (XTPT) in January 2025?

Xtra Energy has retained the same strategic advisory team that successfully guided Sidney Resources Corp. through an $8 million capital raise, though specific advisor names were not disclosed in the announcement.

What is the main purpose of XTPT hiring the new strategic advisors?

The advisors were hired to help secure additional financing, identify joint venture opportunities, optimize capital structure, streamline operations, and position the company as a leading antimony producer in North America.

What are the key industries that will use XTPT's antimony production?

The antimony from XTPT's project will be used in energy storage, advanced materials, national defense, and emerging green technologies sectors.

Where is Xtra Energy's (XTPT) American Antimony project located?

The American Antimony project is located approximately 31 miles northeast of Eastgate, Nevada, surrounding the historically documented Antimony King Mine in the Bernice Mining District.