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OD6 Metals Limited (ASX:OD6)

ALERT: Price-sensitive ASX Announcement for OD6
Current share price for OD6 : $0.099 -0.026 (-20.80%)+
Announcement
Release
9 Jun 2026 8:44AM
Price at Release
$0.125
Full Release
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Summary
OD6 Metals Limited has exercised its option to acquire the Quinn Fluorspar Project in Nevada, USA, reflecting strong confidence in the project's potential following comprehensive due diligence. The project has confirmed multiple high-grade fluorspar targets and holds historical significance with potential for producing Acidspar and Metspar. OD6 is advancing permitting and metallurgical activities, aiming to leverage the growing US demand for fluorspar, which is crucial for AI semiconductors and defence applications. The acquisition is subject to shareholder approval for issuing shares as part of the consideration.
Key Points
  • OD6 Metals exercises option to acquire Quinn Fluorspar Project in Nevada, USA.
  • Confirmed multiple high-grade fluorspar targets across Horseshoe, Mammoth, and Big Jim deposits.
  • Historical data indicates potential for Acidspar and Metspar production.
  • Recent exploration validated historical data and found new mineralised zones.
  • Permitting, metallurgy, and drill planning activities are advancing.
  • The project aligns with growing US demand for fluorspar due to its applications in AI semiconductors, batteries, and defence.
  • The acquisition requires shareholder approval for issuing shares as consideration.
  • OD6 aims to position Quinn Fluorspar as a domestic supply source for the US.
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.