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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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This content has been prepared as part of a partnership with EV Resources Ltd and is intended for informational purposes only.
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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The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
