Xtra Energy unveils new antimony mine discovery in Texas

Xtra Energy Corporation, based in Austin, Texas, has announced a significant new discovery of an antimony mine as part of its ongoing American Antimony Project. This discovery follows the completion of an expansion project earlier in 2024, marking a pivotal moment in the company's efforts to secure high-grade antimony resources. The company has produced a 'First Look' video to provide insights into the site, geological formations, and the exploration team's activities, aimed at engaging investors and the public. Mac J. Shahsavar, the Chairman and CEO, expressed enthusiasm about the discovery, highlighting the encouraging results and the potential for growth within the company. The exploration team has been actively mapping and sampling the area, with further updates expected as the project progresses. The video showcases the scale of the discovery and includes commentary from the Head of Exploration, emphasizing the geological potential of the site. Xtra Energy holds a 100% ownership of 214 lode claims covering 4,021 acres, including the historically significant Antimony King Mine. The company aims to develop its portfolio of antimony-rich assets to establish itself as a major supplier in the market. The announcement is part of a broader strategy to enhance the company's position in the antimony sector, which is critical for various industrial applications. As the project advances, Xtra Energy is committed to providing regular updates to stakeholders, ensuring transparency and engagement with the mining community. The company’s proactive approach reflects its dedication to maximizing the potential of its discoveries and contributing to the growth of the antimony supply chain.