LAS VEGAS, NV / ACCESS Newswire / June 9, 2025 / Xtra Energy Corp. (OTC PINK:XTPT), a U.S.-based critical minerals exploration and development company, is pleased to announce it has received final approval from the U.S. Bureau of Land Management (BLM) to commence road construction and drilling at its wholly owned American Antimony Project in Nevada.
This approval clears the path for immediate development activities, including construction of low-impact access roads and drill pads targeting high-priority zones along the historic Antimony King, King Solomon, and Arrance Mine corridors. XTPT will post the required bond in the next few days.
Following roadwork completion, Xtra Energy will initiate:
A drill program targeting in-situ extensions of historically mined antimony-bearing veins and felsite-hosted dikes
Sampling and metallurgical testing of surface stockpiles
Ongoing discussions with potential offtake partners for near-term sales
In addition, road access will enable the Company to evaluate and sample a series of high-grade antimony stockpiles distributed across the project site-many of which date back to historic production efforts during World War I and World War II. Notably, past operators shipped only material grading over 50% antimony (Sb), leaving behind substantial volumes of high-grade stockpiled ore. Xtra Energy now intends to conduct modern sampling and processing of these materials as part of its near-term monetization strategy.
Surface Stockpile Highlights:
Figure 1 below illustrates the first two priority stockpiles identified by XTPT for further evaluation. These stockpiles are estimated to contain approximately 2,100 tons of antimony-rich material and will be the focus of detailed sampling and analysis upon completion of road access construction. Previous laboratory results from initial sampling returned antimony grades as high as 33%, with an average grade of 12.8%, highlighting their strong potential for near-term processing and revenue generation.
Figure 1: 2,100 tons of Estimated Antimony Rich material
In addition to the two priority piles, the Company has identified over 20 additional stockpiles distributed across the project area. Xtra Energy plans to conduct comprehensive volumetric assessments and assay testing on these remaining stockpiles. Results from this expanded analysis could support a potential multi-million-dollar Phase 1 revenue stream, further enhancing the project's near-term economic potential.
Phase 1 Drilling Outline:
As shown in Figure 2 below, the constructed road and drill pad locations are strategically positioned along the mineralized felsite dike system.
Figure 2: Constructed Road and Drill Pad Locations along felsite dike system
Mac J. Shahsavar, P.Eng., Chairman & CEO, commented:
"This milestone marks a significant step forward for Xtra Energy. With road access now approved, we are mobilizing immediately to begin drilling, which will help define the size and scope of our antimony deposits. In parallel, we will gain access to evaluate over 22 historic surface stockpiles-each representing potential near-term revenue opportunities. Combined with our broader mineralized felsite dike system, these assets present a rare and strategic opportunity to help reestablish domestic antimony production in the United States."
Strategic Importance of Antimony:
Antimony is classified as a federally designated critical mineral, essential for applications in defense systems, semiconductors, and large-scale energy storage.
Currently, the United States imports 100% of its antimony supply, with the majority sourced from China-posing a significant supply chain risk.
Xtra Energy's project offers a secure, high-grade domestic source, aligning with U.S. strategic objectives for mineral independence and national security.
About Xtra Energy Corp.
Xtra Energy Corp. (OTC PINK:XTPT) is a U.S.-based mineral resource company dedicated to the exploration, development, and responsible stewardship of critical mineral assets. With a primary focus on antimony, Xtra Energy is advancing a growing portfolio of high-grade domestic projects aimed at reducing U.S. reliance on foreign supply chains. Through environmentally responsible practices and strategic project development, the company is positioning itself to become a leading supplier of antimony-based ore in North America.
Contact & Learn More:
Xtra Energy Corporation
Phone: 512-412-3636
secretary@americanantimony.com
Corporate Website: https://americanantimony.com/
Corporate Linkedin: https://www.linkedin.com/company/xtra-energy-corp/
Corporate Twitter: https://twitter.com/xtra_corp
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FORWARD-LOOKING STATEMENTS:
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause materially different results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/XTPT/disclosure.
SOURCE: Xtra Energy Corp.
View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/oil-gas-and-energy/xtra-energy-secures-u.s.-bureau-of-land-management-blm-permit-for-immediate-dril-1036756
