EVR is primarily focused on battery and energy storage metals? their core push has been lithium, cobalt, and battery-related plays. Antimony, while critical, isn't always aligned with their portfolio or investor base. That could make Coyote Creek a non-core asset for them, especially if it required significant capital and focus to develop properly.
Selling it to TMG — a company laser-focused on antimony and already building out an upstream and downstream strategy in the US — could have been a logical way for EVR to monetise the asset and reallocate funds toward their smelter project in Mexico, which aligns more closely with their lithium business model and refining goals.
So it’s not necessarily a sign of “something wrong.” It’s just a difference in strategy and focus.
TMG Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held
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