EVR opens strong with funding, acquisition, and sales agreement announcements

EV Resources (ASX:EVR) has caught attention on HotCopper forums and across the wider Australian markets today with a flurry of announcements, including an acquisition in Nevada and a successful $5.5 million capital raise.

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The company now owns 100% of the Dollar Antimony Project in Nye County, acquiring the project from Strategic Minerals (ASX:SMC) for US$50 million.

Beyond that, the explorer’s netted firm commitments for $4.75 million in its raise, which will then tick up to as much as $5.5M through an impending placement. That comes alongside a sales agreement with Locksley Resources (ASX:LKY), which will bring in $750,000 of that raising and lock in offtake options.

“We think we’re onto something really quite special in this space now,” EV Resource’s non-executive chairman Shane Menere told HotCopper today.

And, he added – “[EVR] is laser focused on this antimony space now.”

Hear from Mr Menere about all EVR‘s big moves in the Watchlist video above.

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