ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Xtra Energy Secures U.S. Bureau of Land Management (BLM) Permit for Immediate Drilling and Roadwork at American Antimony Project

LAS VEGAS, NV / ACCESS Newswire / June 9, 2025 / Xtra Energy Corp. (OTC PINK:XTPT), a U.S.-based critical minerals exploration and development company, is pleased to announce it has received final approval from the U.S. Bureau of Land Management (BLM) to commence road construction and drilling at its wholly owned American Antimony Project in Nevada.

This approval clears the path for immediate development activities, including construction of low-impact access roads and drill pads targeting high-priority zones along the historic Antimony King, King Solomon, and Arrance Mine corridors. XTPT will post the required bond in the next few days.

Following roadwork completion, Xtra Energy will initiate:

  • A drill program targeting in-situ extensions of historically mined antimony-bearing veins and felsite-hosted dikes

  • Sampling and metallurgical testing of surface stockpiles

  • Ongoing discussions with potential offtake partners for near-term sales

In addition, road access will enable the Company to evaluate and sample a series of high-grade antimony stockpiles distributed across the project site-many of which date back to historic production efforts during World War I and World War II. Notably, past operators shipped only material grading over 50% antimony (Sb), leaving behind substantial volumes of high-grade stockpiled ore. Xtra Energy now intends to conduct modern sampling and processing of these materials as part of its near-term monetization strategy.

Surface Stockpile Highlights:

Figure 1 below illustrates the first two priority stockpiles identified by XTPT for further evaluation. These stockpiles are estimated to contain approximately 2,100 tons of antimony-rich material and will be the focus of detailed sampling and analysis upon completion of road access construction. Previous laboratory results from initial sampling returned antimony grades as high as 33%, with an average grade of 12.8%, highlighting their strong potential for near-term processing and revenue generation.

Figure 1: 2,100 tons of Estimated Antimony Rich material

In addition to the two priority piles, the Company has identified over 20 additional stockpiles distributed across the project area. Xtra Energy plans to conduct comprehensive volumetric assessments and assay testing on these remaining stockpiles. Results from this expanded analysis could support a potential multi-million-dollar Phase 1 revenue stream, further enhancing the project's near-term economic potential.

Phase 1 Drilling Outline:

As shown in Figure 2 below, the constructed road and drill pad locations are strategically positioned along the mineralized felsite dike system.

Figure 2: Constructed Road and Drill Pad Locations along felsite dike system

Mac J. Shahsavar, P.Eng., Chairman & CEO, commented:

"This milestone marks a significant step forward for Xtra Energy. With road access now approved, we are mobilizing immediately to begin drilling, which will help define the size and scope of our antimony deposits. In parallel, we will gain access to evaluate over 22 historic surface stockpiles-each representing potential near-term revenue opportunities. Combined with our broader mineralized felsite dike system, these assets present a rare and strategic opportunity to help reestablish domestic antimony production in the United States."

Strategic Importance of Antimony:

  • Antimony is classified as a federally designated critical mineral, essential for applications in defense systems, semiconductors, and large-scale energy storage.

  • Currently, the United States imports 100% of its antimony supply, with the majority sourced from China-posing a significant supply chain risk.

  • Xtra Energy's project offers a secure, high-grade domestic source, aligning with U.S. strategic objectives for mineral independence and national security.


About Xtra Energy Corp.

Xtra Energy Corp. (OTC PINK:XTPT) is a U.S.-based mineral resource company dedicated to the exploration, development, and responsible stewardship of critical mineral assets. With a primary focus on antimony, Xtra Energy is advancing a growing portfolio of high-grade domestic projects aimed at reducing U.S. reliance on foreign supply chains. Through environmentally responsible practices and strategic project development, the company is positioning itself to become a leading supplier of antimony-based ore in North America.

Contact & Learn More:

Xtra Energy Corporation
Phone: 512-412-3636
secretary@americanantimony.com

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

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

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.