EV Resources Secures 150 tpd Processing Plant for USD 1.8 Million
EV Resources has secured a 150-tonne-per-day processing plant near its Los Lirios project, fast-tracking antimony production and positioning itself as a key North American supplier.
- Lease with purchase option for 150 tpd processing plant in Puebla, Mexico
- Low-capital refurbishment planned to enable near-term production
- Feedstock sourcing from local artisanal miners to support community benefits
- Strategic alignment with U.S. Department of Defense critical minerals initiatives
- Total acquisition cost USD 1.8 million with staged payments preserving working capital
Strategic Acquisition to Accelerate Production
EV Resources Limited has taken a decisive step to expedite its antimony production by securing a fully established processing plant in Tecomatlán, Puebla, Mexico. Located just 50 kilometres from its Los Lirios Antimony Project, the plant offers a nameplate capacity of 150 tonnes per day and comes with a lease agreement that includes an option to purchase for USD 1.8 million. This move significantly shortens the timeline to production by leveraging existing infrastructure rather than building from scratch.
Low-Cost Refurbishment and Operational Efficiency
The plant, previously used to process ore from artisanal antimony and precious metal mines, includes crushers, ball mills, flotation circuits, and a diesel backup generator. EV Resources plans a low-capital refurbishment to optimize the facility, with a pending connection to the national grid expected to reduce operating costs substantially. This infrastructure advantage positions EVR to ramp up production efficiently and cost-effectively.
Community Engagement and Feedstock Strategy
Crucially, EVR intends to source feedstock from local artisanal miners, creating a near-term production pathway while delivering direct and indirect benefits to the surrounding communities. This approach not only supports local economies but also establishes a foundation for a sustainable supply chain. The company’s Managing Director, Mike Brown, emphasised the dual benefits of this strategy, accelerating production and fostering community partnerships.
Alignment with North American Critical Minerals Security
EV Resources is positioning itself at the forefront of North American antimony supply, a critical mineral for defense and clean energy technologies. The acquisition aligns with U.S. strategic stockpile initiatives and broader efforts to secure domestic and allied sources of critical minerals. Alongside advancing its Mexican operations, EVR is also developing high-grade antimony projects in Nevada, aiming to establish a robust North American production base.
Financial Structure and Next Steps
The acquisition’s staged payment structure preserves EVR’s working capital, with a 40-day due diligence period underway. Following this, the company plans to finalize grid power connections, execute supply agreements with artisanal miners, and accelerate production of antimony concentrate. Parallel development activities at Los Lirios and in Nevada will continue, underpinning EVR’s strategic growth trajectory.
Bottom Line?
EV Resources’ acquisition sets the stage for rapid antimony production, but the success of refurbishment and feedstock sourcing will be critical to watch.
Questions in the middle?
- Will the due diligence confirm the plant’s capacity and refurbishment costs align with projections?
- How quickly can EVR secure reliable feedstock supply agreements with artisanal miners?
- What impact will EVR’s North American production have on U.S. critical minerals supply chains?
