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[SITUATION] · [QUIET] · [BUSINESS]
3 clusters · 8 sources · 22 days · First seen · Last updated
EV Resources advances antimony supply for Tecomatlán plant
Overview
Following its July 2026 capital raise and management reshuffle, EV Resources Limited has moved forward with the Tecomatlán antimony processing project. In early August, the company’s Mexican subsidiary, Stibcorp, signed a binding five-year ore supply agreement with Lucero Grupo Minero de Puebla, securing high-grade antimony ore from the Chinantla mine located just 8 km from the plant.
To initiate the first proof-of-concept processing campaign, Stibcorp has secured 200 dry tonnes of high-grade ore featuring grades of 13–16% antimony. This material is currently stockpiled near the facility, with haulage expected to commence within two weeks. The campaign aims to demonstrate the company’s commercial cycle of purchasing regional ore, processing it through its own facility, and producing a marketable concentrate.
Metallurgical tests on similar material previously confirmed an 81.1% antimony recovery and a 42.4% concentrate grade, with potential to upgrade the concentrate to 62.9% antimony. Executive Chairman Shane Menere stated the campaign is designed to establish real operating data and demonstrate a “regional hub model” intended to serve miners across Puebla, Oaxaca, and Guerrero. The project aligns with growing demand for non-Chinese antimony supply chains driven by export restrictions and critical-mineral designations in the United States, Europe, and Australia.
Entities
Shane Menere · Lucero Grupo Minero de Puebla · Stibcorp S.A. de C.V. · Lucero Grupo Minero de Puebla S.A. de C.V. · Tecomatlán plant
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] EV Resources Limited signed a five-year antimony ore supply agreement with Lucero Grupo Minero de Puebla (Chinantla).
- [● 2 SOURCES] The agreement will deliver high‑grade antimony ore to the Tecomatlán Processing Plant.
- [● 2 SOURCES] The Chinantla ore source is located about eight kilometres from the Tecomatlán facility.
- [● 2 SOURCES] Flotation testwork on Chinantla ore achieved 81.1% antimony recovery and produced a 42.4% antimony concentrate.
- [● 2 SOURCES] The agreement converts a previous non‑binding memorandum of understanding into a binding contract.
- [● 2 SOURCES] Pricing for ore purchases is linked to international antimony benchmarks.
- [● 2 SOURCES] EV Resources is acquiring an initial 200‑tonne high‑grade Chinantla ore stockpile.
- [● 2 SOURCES] Executive Chairman Shane Menere said the deal integrates the plant, processing flowsheet, ore and supply relationship.
Timeline
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about 1 month ago
[BUSINESS] 2 sourcesEV Resources secures high-grade antimony ore for Mexico plantEV Resources has purchased 200 tonnes of high-grade antimony ore for its Tecomatlán plant in Mexico to begin a proof-of-concept processing campaign and demonstrate its regional hub model.
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about 1 month ago
[BUSINESS] 8 sourcesEV Resources Secures First Five-Year Antimony Ore Supply Deal for Mexican PlantEV Resources signed a five‑year antimony ore supply deal with Lucero Grupo Minero, securing high‑grade feed for its Tecomatlán plant in Mexico and advancing its proof‑of‑concept program.
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about 2 months ago
[BUSINESS] 3 sourcesEV Resources Secures A$1.5 million Funding and Management Shift for Mexican Antimony ProjectEV Resources raised A$1.52 million, plans a 10:1 share consolidation, and reshuffled its leadership to fund antimony projects in Mexico, including Tecomatlán and Los Lirios.
Sources
australianmining.com.au · australianminingreview.com.au · finnewsnetwork.com.au · iep.gov.au · mining.com.au · radiocity.sk · sharecafe.com.au · smallcaps.com.au
This summary has been updated 2 times: see revision history