EV Resources completes Tecomatlán acquisition in Mexico. The ASX-listed company has finalized its restructured purchase agreement for the 150-tonne-per-day antimony processing plant in Puebla, marking a significant shift from explorer to near-term producer. The deal features milestone-based payments that reduce upfront capital risk and align spending with permit approvals and production milestones. Plant refurbishment is already underway. EVR plans to feed high-grade antimony ore from its Los Lirios project in Oaxaca to the facility, targeting near-term production. CEO Mike Brown stated the restructured agreement de-risks the acquisition by deploying capital in lockstep with regulatory approvals, ensuring shareholder value preservation. This positions EVR to accelerate North American antimony supply amid growing demand for the critical mineral used in batteries and advanced materials.
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