AUSTIN, TX / ACCESS Newswire / June 30, 2025 / Xtra Energy Corp. (OTC Pink:XTPT), a U.S.-based critical minerals exploration and development company, is pleased to announce that it has successfully posted and received official acceptance of the required reclamation bond from the U.S. Bureau of Land Management (BLM) for its American Antimony Project in Nevada.
With the bond now formally approved and accepted by the BLM, Xtra Energy has cleared its final regulatory milestone. The Company is now authorized to begin road construction, site preparation, and drilling activities immediately.
"This is the green light we've been waiting for," said Mac J. Shahsavar, P.Eng., Chairman and CEO of XTPT. "With the BLM's formal acceptance of our reclamation bond, we are cleared to break ground and begin the next phase of development at the American Antimony Project. This marks a critical step toward establishing America's first producing antimony operation."
Development Begins at a Pivotal Time for U.S. Critical Minerals
The bonding process is a key part of environmental compliance on federal lands, ensuring responsible stewardship throughout exploration and development. Xtra Energy's swift execution of this requirement reflects its operational readiness and long-term commitment to sustainable project advancement.
Immediate Next Steps:
Begin low-impact road construction and drill pad development
Launch Phase 1 drilling to test extensions of high-grade stibnite-bearing dikes and veins
Conduct comprehensive sampling and metallurgical testing on over 22 historic surface stockpiles-with grades up to 33% Sb
Xtra Energy's project is positioned to help reestablish a domestic supply of antimony, a federally designated critical mineral essential to defense, semiconductors, and energy storage. With 100% of U.S. antimony currently imported-primarily from China-the American Antimony Project offers a strategic solution to enhance national resource independence.
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
Corporate Instagram: https://www.instagram.com/xtraenergycorp/
Corporate Facebook: https://www.facebook.com/profile.php?id=100093057374695
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-corp.-posts-and-receives-blm-acceptance-of-reclamation-bond-clearing-1044196
