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EV Resources Limited ( (AU:EVR) ) has provided an announcement.
EV Resources Limited has announced a strategic acquisition of a 70% stake in the Los Lirios Antimony Mine in Oaxaca, Mexico, aimed at reviving production and developing a pilot mine and concentration plant. This move is part of EVR’s strategy to capitalize on the limited opportunities in the antimony market. Additionally, the company reported promising geophysical survey results from its Parag Copper-Molybdenum Project in Peru, identifying high-priority drill targets within a significant porphyry system, which could enhance the project’s potential and positioning in the copper and molybdenum market.
More about EV Resources Limited
EV Resources Limited is a company in the mining industry, focusing on acquiring and developing mineral projects. The company primarily engages in the exploration and development of antimony, copper, and molybdenum resources, with a market focus on establishing low-cost supply opportunities in these minerals.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €3.25M
Find detailed analytics on EVR stock on TipRanks’ Stock Analysis page.
