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EVR - EV Resources

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On December 31, 2012, Victory West Metals Limited (VWM) changed its name to South East Asia Resources (SXI).
 
On January 3rd, 2018, South East Asia Resources Limited (SXI) changed its name and ASX code to Jadar Lithium Limited (JDR).
 
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JDR came up in Risers today ….. The last Volume spike shown by Cam above was followed by 6 months of downtrend …..

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No guarantees that we have found a bottom yet but 30% up on increased volume means it goes on the watchlist
 
Thanks for revisiting this. My young bloke is a keen cyclist, and interested in the world of batteries/ power units for two wheelers. Uncritical to some extent but that is the learning curve. Hence he's now putting his mind to Lithium.To me the big challenges are>|:
Brine. Altiplano. 4000m+ asl. Environmentally precarious.
Spodumene. 1-2% max Li so 98% waste. Big holes. big costs for processing.

He sent me this for comment:
https://cleantechnica.com/2020/07/26/standard-lithium-ramping-up-lithium-from-brine-operations/
 
Funny how a struggling hopeful , with Gold? silver and Lithium / Borate exploration projects across Peru, Serbia and Austria can offload Balkan Mining BMM at a premium.

Following a strategic review by Jadar of its assets, Jadar decided to demerge its Serbian assets to the Company. Jadar obtained shareholder approval for the Demerger at the General Meeting held on 19 April 2021.
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On completion of the IPO, Jadar will hold an interest of approximately 22% in the Company.
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This is great news for Jadar Resources. A $40 million company signing a MOU with a $7 billion company is a very positive sign. Yahua needs lithium and they clearly believe JDR will be able to dig it out of the ground and sell it to them. So does the market with JDR up 24.07% to 6.7c today.

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On December 9th, 2021, Jadar Resources Limited (JDR) changed its name and ASX code to EV Resources Limited (EVR).
 
Is EV Resources, just stepping up to the plate...EVR on high but what do the sellers have to say...

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Got a hold on this one. Just turning out from oversold territory, expecting it to make new highs (52). This announced on the 2nd of this month;

EV Resources Limited ABN 66 009 144 503 (ASX: EVR) is pleased to announce promising results from initial mineralogical studies at its high-grade Los Lirios antimony project in Oaxaca, Mexico (EVR ownership: 70%).
Highlights

• Composite metallurgical sample returned 4.45% Sb, with exceptionally low impurities.
• Gravity processing identified as a suitable, low-cost, and scalable recovery method.
• Sampling from Pit 1 returned high-grade antimony results up to 9.9% Sb.
• Mineralogy is made up of stibiconite (69.5%) and stibnite (30.5%), both fully liberated and highly suitable for gravity separation.
• Metallurgical test work and flowsheet design to begin in July 2025.
• Planning underway for a 100-tonne-per-day pilot plant, with early discussions commenced with equipment suppliers.

This work forms part of EVR’s strategy to restart production from two historic open pits while progressing broader exploration. With consistent high grades, clean metallurgy, and simple, low-cost processing pathways, Los Lirios is well positioned to become a meaningful contributor to the global critical minerals supply chain.

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EVR up a couple of points to 0.011 on back of this announced yesterday;

EV Resources Limited (ASX: EVR) (“EVR” or the “Company”) is pleased to advise that it has executed a tri-party Memorandum of Understanding (“MOU”) with Wogen Resources Ltd (“Wogen”) and Xcelsior Capital Advisors Ltd (“XCLR”). Under the MOU:

• Funding: Wogen and XCLR will engage on a proposed US$2–3 million secured debt facility to advance the Company’s Los Lirios Antimony Project in Oaxaca, Mexico, towards production, subject to a definitive agreement.
• Offtake: Wogen will be granted exclusive rights to offtake antimony products from Los Lirios, subject to the completion of a positive internal scoping study and a definitive agreement.
• Technical & Market Support: Wogen and XCLR will provide EVR with technical input and market intelligence to assist EVR in developing product specifications, pricing and marketing strategies for the Los Lirios Antimony Project. This strategic partnership is a significant step forward to underpin the development of EVR’s proposed 100 tonne-per-day antimony processing plant. The plant is expected to treat ore from both Los Lirios and third-party sources. In addition, the Company will pursue downstream processing of the Los Lirios product with the support of Wogen and XCLR. The MOU establishes a framework for future binding agreements relating to financing, offtake and operational collaboration. Importantly, the proposed funding structure supports EVR’s strategy to develop a reliable antimony supply chain in alignment with U.S. and allied critical minerals priorities.

Waiting for something significant...
 
more interest of late
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EV Resources secures Nevada antimony project to bolster US supply chain

EV Resources announced the acquisition of the Milton Canyon Antimony Project in Nevada, strengthening its US critical minerals supply portfolio. The project hosts high-grade historic workings, with assays up to 20.77% antimony, and complements EVR’s Dollar Antimony Project in Nevada and Los Lirios in Mexico. Together, these assets position the company to become a fast-to-market supplier of antimony for the US Department of Defense, Department of Energy, and allied industries, directly aligning with US government supply-chain security goals.
 
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