Maxus Mining Acquires Flagship Alturas Antimony Project

Core Viewpoint - Maxus Mining Inc. has entered into a Property Option Agreement to acquire a 100% interest in the Alturas Antimony Project, enhancing its portfolio in critical minerals and expanding its land holdings significantly [1][4][24]. Acquisition Highlights - The Alturas Antimony Project includes five claims covering approximately 634 hectares, with historical production averaging 57.2% antimony and peak grades reaching 59.5% [1][5]. - The acquisition increases the company's total land holdings to 14,989 hectares, which includes three antimony projects totaling 8,812 hectares, a tungsten project of 3,054 hectares, and a copper project of 3,123 hectares [3][24]. Project Details - The Alturas Antimony Project is located 15 km northeast of New Denver in the historic Slocan Mining District, known for its production of silver, lead, zinc, and antimony [6]. - The project features a 1,300-metre mineralized corridor with quartz veins containing stibnite mineralization [6][7]. - The geological framework indicates strong potential for polymetallic deposits, supported by excellent infrastructure including sealed roads and rail connections [7]. Exploration Plans - The company plans to conduct a high-resolution LiDAR survey for precise mapping and drill planning across the mineralized shear zone [8][13]. - Upcoming exploration efforts will include strong engagement with local Indigenous groups and addressing concerns related to wildlife and cultural heritage [10][11]. - The maiden drilling could commence as early as Q4 2025, depending on the outcomes of preliminary work [13]. Financial and Market Engagement - The acquisition involves a cash payment of CAD $300,000 and CAD $400,000 in common shares, with specific resale restrictions and a statutory hold period [15][21]. - The company has engaged Independent Trading Group for market-making services to improve liquidity and maintain a reasonable market for its shares [16][17].