Welcome to our dedicated page for Xtra Energy news (Ticker: XTPT), a resource for investors and traders seeking the latest updates and insights on Xtra Energy stock.
Xtra Energy Corp. (XTPT) is an antimony exploration company focused on developing its flagship project, American Antimony, in Churchill County, Nevada. The company holds a 100% ownership in a 211 lode claim covering the historically documented Antimony King Mine. Their recent achievements include confirming high-grade antimony presence through lab results and satellite imagery analysis. Xtra Energy Corp. aims to be a major supplier of antimony-based products by expanding its antimony-rich assets.
Xtra Energy Corp. (XTPT) has announced positive results from a mineralogical study at its Bernice Canyon antimony project in Nevada. The study identified three distinct styles of antimony mineralization associated with a felsite dike subjected to multiphase quartz-sericite-pyrite alteration.
The mineralization types include: spheroidal (widespread, with antimony grades 0.52-2.45% Sb), massive veins (up to 5cm thick), and quartz-ankerite-stibnite (showing high antimony values up to 30.89% Sb). The company's geological analysis suggests a unique antimony deposit formation, different from typical Nevada antimony occurrences.
The company is currently in the permitting process with the BLM for a drilling campaign targeting shallow antimony deposits along the felsite dike, with road preparations planned for Spring 2025.
Xtra Energy Corp. (OTC Pink:XTPT) has retained the strategic advisory team that recently helped Sidney Resources Corp. secure an $8 million capital raise. This move aims to accelerate the development of Xtra Energy's flagship 'American Antimony' project in Nevada.
The project, located 31 miles northeast of Eastgate, encompasses 203 lode claims across 4,276 acres surrounding the historic Antimony King Mine and the Bernice Mining District. The advisory team will focus on securing additional financing, identifying joint venture opportunities, and positioning Xtra Energy as a leading North American antimony producer.
The advisors will also assist in strengthening corporate infrastructure, refining project timelines, implementing cost-effective exploration strategies, and enhancing ESG standards. Antimony, recognized as a critical mineral by the U.S. government, is essential for energy storage, advanced materials, national defense, and green technologies.
Xtra Energy Corp. (OTC Pink:XTPT) has initiated key permitting for its American Antimony Project in Churchill County, Nevada. The company has partnered with Trinity Consultants - WestLand to begin the permitting process, focusing on restoring the historic road to the Antimony King mine in Bernice Canyon.
The project involves approximately 0.77 acres of washout mitigation and minor clean-up of existing mine roads. The company plans to conduct Reverse Circulation (RC) drilling to test mineralized felsite dike near the Arrance, King Solomon, and Antimony King mines. XTPT requires a Bureau of Land Management permit and expects to complete a Notice of Intent within weeks, with approval anticipated within 30 days.
The company aims to test existing antimony stockpiles for potential third-party sales and supply agreements, potentially creating early revenue streams. The permitting process is expected to complete by Q1 2025, with drilling targeted for Q2 2025.
Xtra Energy Corp. (OTC Pink:XTPT) has initiated detailed petrographic studies on mineral samples from its American Antimony Project in Churchill County, Nevada. The studies, conducted by Dr. Allen Miller of Ottawa, Canada, aim to enhance understanding of mineralogical characteristics and identify optimal extraction methods for antimony, a critical mineral used in defense, electronics, and energy storage industries.
The analysis will focus on mineral associations, textures, and distribution of antimony-bearing minerals within the ore, providing insights into the project's geometallurgical model and optimizing exploration and extraction processes. Results are expected within 4 to 6 weeks and will form the foundation for future development activities, including resource estimation and processing methodologies.
Mac J. Shahsavar, P.Eng., Chairman and CEO of Xtra Energy Corp., emphasized the importance of this step in advancing the project and ensuring responsible antimony supply for industries reliant on this critical mineral.
Xtra Energy Corp. (OTC Pink:XTPT) has announced the results of a geological mapping and sampling program at its American Antimony Project near Eastgate, Nevada. The program, conducted between August 11th and 20th, 2024, revealed significant antimony mineralization along Bernice Canyon. Key findings include:
- Antimony values ranging from 98 ppm to 30.9% Sb
- Five grab samples of QSP-altered felsite with Sb values from 0.24 to 2.45%
- Four grab samples of felsite-hosted stibnite-rich veins with Sb values from 5.69-12.03%
- A northwest-to-north-trending felsite dike complex spanning 2.5 kilometers, closely associated with antimony mineralization
The company plans to secure permits for road repairs and undertake a drilling program to further explore the project's potential. CEO Mac J. Shahsavar expressed confidence in the project's long-term value for shareholders.
Xtra Energy (OTC Pink:XTPT) has announced a new antimony mine discovery on its recently expanded American Antimony Project. The company has released a 'First Look' video showcasing the site, geological formations, and historical workings. The video features footage of the discovery's scale and location, geological insights from the Head of Exploration, and highlights of underground exploration activities.
Mac J. Shahsavar, P.Eng., Chairman and CEO of Xtra Energy, expressed confidence that this new find will significantly contribute to the company's growth. The video is available on Xtra Energy's YouTube channel. The company plans to provide regular updates as the project progresses, with results from focused geological mapping and sampling at the AAP expected next.
Xtra Energy (OTC Pink: XTPT), a mineral exploration company focused on the American Antimony Project, has engaged Astra Audit and Advisory , a PCAOB-registered firm, to audit its financial statements for the fiscal years ending December 31, 2022, and 2023. This move is part of XTPT's preparation to become a fully SEC-reporting and transition from OTC markets to a senior exchange.
The engagement of a PCAOB-registered auditor is a important step in enhancing transparency and investor confidence. PCAOB-registered firms are subject to strict regulations and annual inspections, ensuring compliance with auditing standards and rules. This initiative aligns with XTPT's growth strategy and aims to increase shareholder value while providing greater certainty to current and future investors.
Xtra Energy Corp. (OTC Pink:XTPT) has reported high-grade antimony assay results from on-site stockpiles at its American Antimony Project near Fallon, Nevada. The assays revealed antimony content ranging from 160 ppm to 31%, with an average grade of 2.73% Sb across 4 tested piles, estimated at 10,000 tons. These results are important for the company's plans to initiate U.S.-based antimony production, a critical mineral used in various industrial applications.
The company estimates the potential value of the antimony in these stockpiles at $5,654,400, based on current market prices. Xtra Energy is accelerating its project timeline, planning further studies, permitting processes, and exploring strategic partnerships. The company aims to become the leading domestic supplier of antimony, contributing to national security and supply chain resilience.
Xtra Energy Corp. (OTC Pink:XTPT) has initiated field activities at its flagship American Antimony Project (AAP) in Nevada. The company has contracted geologist Robert Johansing to conduct geological mapping and sampling across the full 4,400 acres owned by Xtra Energy. This work aims to determine mineralization controls and develop a three-dimensional geological model.
The AAP area contains numerous historical antimony mines and prospects, associated with Miocene felsic dikes and sills intruding Triassic sedimentary rocks. Following this initial phase, the company plans to proceed with Phase Two drilling, subject to target delineation and BLM permit approval.
CEO Mac J. Shahsavar emphasized the importance of this foundational work in developing a comprehensive geologic and exploration model, which will guide future exploration efforts and strategic decisions.
Xtra Energy Corp. (OTC Pink:XTPT) has filed a NI 43-101 Technical Report for its American Antimony Project in Nevada. The report, prepared by Nebu Consulting, LCC, outlines recommendations for a comprehensive surface mineral exploration program. The company plans to conduct Phase 1 - MAPPING & SAMPLING, followed by Phase 2 - DRILLING. These efforts aim to develop a three-dimensional geological model of the property.
Mac J. Shahsavar, Chairman and CEO, stated that the completed 43-101 report enhances the project's legitimacy and appeal to potential partners and investors. The report also highlights the possibility of silver deposits at depth. Xtra Energy is currently in discussions with vendors to commence the exploration programs and will provide updates as they begin.
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