MEXICO CITY: EV Resources Ltd. (ASX:EVR) has signed a lease agreement with an option to purchase a 150-tonne-per-day antimony processing plant in Tecomatlán, Mexico, positioning the company for near-term production and strategic supply alignment with U.S. critical minerals initiatives.
The plant, located 50 kilometers from EVR’s Los Lirios Antimony Project, includes crushers, ball mills, flotation circuits, and backup power infrastructure. The company said the facility requires low-capex refurbishment and is connected to the national grid, reducing operating costs.
EVR will source feedstock from local artisanal miners, aiming to generate early cash flow and community benefits. The total purchase price is $1.8 million, with staged payments through February 2026. Legal and technical due diligence is underway, with a 40-day review period.
“This acquisition gives EVR a clear line of sight to near-term antimony production,” said Managing Director Mike Brown. “It aligns with our strategy to support U.S. supply chain security and fast-track development at Los Lirios and our Nevada assets.”
The company plans to finalize power applications, secure supply agreements, and begin concentrate production while advancing its U.S. portfolio, which includes two high-grade antimony projects in Nevada.
EV Resources holds a 70% interest in Los Lirios and full ownership of its Nevada assets. The company aims to become a key supplier of antimony, a defense-critical metal, to North American markets.