EVR opens strong with funding, acquisition, and sales agreement announcements

EVR opens strong with funding, acquisition, and sales agreement announcements

Isaac McIntyre

The Market Online

EV Resources (ASX:EVR) has caught attention on HotCopper forums and across the wider Australian markets today with a flurry of announcements, including an acquisition in Nevada and a successful $5.5 million capital raise.

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This content has been prepared as part of a partnership with EV Resources Ltd and is intended for informational purposes only.

The company now owns 100% of the Dollar Antimony Project in Nye County, acquiring the project from Strategic Minerals (ASX:SMC) for US$50 million.

Beyond that, the explorer’s netted firm commitments for $4.75 million in its raise, which will then tick up to as much as $5.5M through an impending placement. That comes alongside a sales agreement with Locksley Resources (ASX:LKY), which will bring in $750,000 of that raising and lock in offtake options.

“We think we’re onto something really quite special in this space now,” EV Resource’s non-executive chairman Shane Menere told HotCopper today.

And, he added – “[EVR] is laser focused on this antimony space now.”

Hear from Mr Menere about all EVR‘s big moves in the Watchlist video above.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please clickhere.

Isaac McIntyre

The Market Online

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