- Xtra Energy Corp. (OTC Pink: XTPT) receives BLM approval for reclamation bond, enabling immediate development at American Antimony Project.
- Phase 1 development includes testing high-grade stibnite veins and conducting metallurgical tests on stockpiles.
- Project aims to reduce U.S. reliance on antimony imports, currently 100% dependent on China.
Xtra Energy Corp. (OTC Pink: XTPT), a U.S.-based critical minerals exploration and development company, has successfully received formal acceptance of its reclamation bond from the U.S. Bureau of Land Management (BLM) for its American Antimony Project in Nevada. This significant regulatory approval clears the final hurdle, allowing the company to commence development activities, including road construction, site preparation, and drilling operations.
The American Antimony Project is strategically positioned to become the first antimony-producing operation in the United States. The immediate development plans include launching Phase 1 drilling to explore high-grade stibnite-bearing dikes and veins, as well as conducting comprehensive sampling and metallurgical testing on over 22 historic surface stockpiles, which have shown grades of up to 33% antimony (Sb).
This project is of strategic importance as it aims to develop a domestic supply of antimony, reducing the country's current 100% reliance on imports, primarily from China. Antimony is a federally designated critical mineral essential for defense, semiconductors, and energy storage applications. Xtra Energy's initiative reflects its commitment to enhancing national resource independence through sustainable project advancement.
