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Larvotto Resources Limited (ASX:LRV)

ALERT: Price-sensitive ASX Announcement for LRV
Current share price for LRV : $1.020 -0.145 (-12.45%)+
Announcement
Release
27 Oct 2025 8:50AM
Price at Release
$1.165
Full Release
download
Summary
Larvotto Resources Limited, having received a non-binding indicative offer from United States Antimony Corporation (USAC) to acquire all shares not already owned by USAC, unanimously rejected the proposal. The offer, suggesting a fixed exchange ratio of 6 USAC shares for every 100 Larvotto shares, was deemed to undervalue Larvotto significantly, especially as the implied value per share dropped from A$1.40 to A$1.11 during analysis. Larvotto remains focused on advancing its Hillgrove Antimony-Gold Project, which is slated for production commencement in 2026 and is fully funded. Hillgrove aims to supply approximately 7% of global antimony demand, a critical mineral for energy storage and defense applications. The project is positioned strategically to provide substantial long-term value and quick capital recovery following its production start.
Key Points
  • Larvotto Resources Limited received a non-binding, indicative offer from United States Antimony Corporation to acquire 100% of Larvotto's share capital not already owned by USAC.
  • The offer proposed a fixed exchange ratio of 6 USAC common stock shares for every 100 Larvotto shares.
  • USAC currently holds approximately 10% of Larvotto's shares.
  • Larvotto's Board of Directors unanimously rejected the offer, considering it materially undervalues the company.
  • The implied offer value decreased from A$1.40 to A$1.11 per Larvotto share at the time of the analysis.
  • Larvotto is focused on the Hillgrove Antimony-Gold Project, expected to start production in 2026.
  • Hillgrove is projected to supply around 7% of the world’s antimony needs once operational.
  • The project is fully funded following Larvotto's recent debt and equity initiatives.
  • The strategic importance of antimony is highlighted due to its use in energy storage, advanced technologies, and defense.
  • Larvotto aims for a quick capital payback and sustained profitability post-production.
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.