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EV Resources (ASX:EVR) is aiming to fast-track its antimony market aspirations in Mexico with a freshly signed, strategically restructured acquisition agreement for the Tecomatlán processing plant in Puebla.
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Disclaimer: This content has been prepared as part of a partnership with EV Resources Ltd and is intended for informational purposes only.
The Aussie company has already commenced plant refurbishment, which is underway after wrapping up the restructured option to purchase the 150-tonne-per-day antimony processing facility.
The explorer’s MD and CEO, Mike Brown, said the finalisation of the purchase of the processing facility is delivering a significantly accelerated and capital-efficient pathway to near-term antimony production.
“This amendment is a win for shareholders. By shifting the bulk of our capital commitment to the back end of the permitting process, we have significantly de-risked the Tecomatlán acquisition,” Mr Brown said today.
“We are no longer just paying for a lease; we are paying for results. This agreement ensures that our capital is deployed in lockstep with the delivery of the soil use permits and final flotation approval, providing a clear, incentivised path to first antimony production.”
Mr Brown said the updated acquisition features milestone-based payments, significantly reducing upfront risk and preserving shareholder value. “This milestone marks EVR’s transition from explorer to near-term producer, with a clear and executable development pathway now in place,” he explained.
EV Resources is targeting near-term production utilising high-grade feed from the Los Lirios project and regional sources. The Los Lirios project (EVR 70%) is the cornerstone of the company’s plan to fast-track North American antimony supply. Located in the Oaxaca state, the high-grade asset is a combination of geological potential and immediate path-to-production infrastructure.
Unlike conventional mining projects that face lengthy development timelines, Los Lirios is an active opportunity, combining the high-grade mineral resource with the nearby Tecomatlán processing plant.
EVR is steady at 0.8cps on Thursday.
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