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EV Resources Limited (ASX:EVR)

ALERT: Price-sensitive ASX Announcement for EVR
Current share price for EVR : $0.005 -0.007 (-58.33%)+
Announcement
Release
20 Oct 2025 9:56AM
Price at Release
$0.012
Full Release
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Summary
EV Resources Limited announced the acquisition of the Tecomatlán Processing Plant in Puebla, Mexico, through a lease with a purchase option priced at USD 1.8 million. The strategically located plant, just 50 km from EVR's Los Lirios Antimony Project, boasts a 150 tpd capacity and includes vital processing equipment. The acquisition facilitates EVR's rapid entry into antimony production, aiming to supply North American markets and support U.S. critical mineral strategies. The company plans to source material from local artisanal miners, offering community benefits and quick production timelines. This strategic move aligns with EVR’s broader objectives to bolster its position as a key supplier of antimony, complementing its projects in Nevada.
Key Points
  • EV Resources Limited has secured a lease with an option to purchase the Tecomatlán Processing Plant in Puebla, Mexico, at a total purchase price of USD 1.8 million.
  • The plant has a nameplate capacity of 150 tonnes per day (tpd) and is strategically located 50 km from the Los Lirios Antimony Project.
  • The plant includes essential equipment such as crushers, ball mills, and flotation circuits, with national grid power connection close by.
  • The acquisition is part of EVR's strategy to fast-track antimony production, providing supply security for North American markets.
  • EVR plans to source feedstock from local artisanal miners, which would offer community benefits and a quick production timeline.
  • The transaction involves staged lease payments and due diligence, with the potential for low-capex refurbishment and upgrades.
  • The acquisition positions EVR to align with U.S. critical mineral strategies and Department of Defense initiatives.
  • EVR holds a 70% interest in Los Lirios Antimony Mine and aims to expand its U.S. project portfolio in Nevada.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.