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EV Resources (ASX:EVR) has seen shares pop +12% as the company sees the processing plant attached to its Mexican antimony mine cleared for operation by technical experts – a further step, ultimately, towards future production of the critical metal right next door to the North American market (and straddling all of Latin America.)
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The plant – called Tecomatlan – is capable of processing up to 150 tonnes per day of ore at nameplate capacity and the company’s proven in the last week the front-end crushing equipment (arguably the most important step) works in order, with gravity concentrators and tailings hardware being installed in the coming weeks and months.
No red flag items were identified per the company’s reports and also in the background was EVR’s acquisition of an environmental permit for the plant in recent history.
But more interesting on investors’ radars is sure to be the company’s upcoming trench channel assay results; major metallurgical testwork results, and the completion of a prelim engineering budget to come in the near future; as well as drilling in early Jan 2026.
“Completion of technical due diligence at Tecomatlán marks another important milestone. The progress is a clear and tangible step in positioning EVR on a fast-track pathway to becoming a producer of one of the most strategically important metals in today’s geopolitical and supply-chain environment,” EVR CEO Mike Brown said.
EVR last traded at 0.9cps.
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