SQX’s US Acquisition Hinges on AGM Approval Amid Exploration Uncertainties
SQX Resources is set to acquire an 80% stake in AM6 Pty Ltd, gaining control of high-grade gold and silver projects in Montana and Arizona, with drilling programs slated to commence in December 2025.
- Pending acquisition of 80% of AM6 Pty Ltd subject to AGM approval
- Focus on Williams Au-Ag Project (Montana) and Red Bird Au Project (Arizona)
- Drilling programs scheduled from December 2025 through 2026
- Significant historical underground development and bonanza-grade mineralisation
- Experienced management team targeting rapid value creation via US toll-milling
Strategic Acquisition in the US Precious Metals Sector
SQX Resources Limited has announced a transformative step in its growth strategy with the proposed acquisition of an 80% interest in AM6 Pty Ltd. This move, pending shareholder approval at the upcoming Annual General Meeting on 28 November 2025 and satisfactory due diligence, will grant SQX control over two high-grade precious metals projects in the United States, the Williams gold-silver project in Montana and the Red Bird gold project in Arizona.
Williams Project, Untapped Bonanza-Grade Potential
The Williams Au-Ag Project stands out for its historical underground workings, including over 445 metres of exploration drives and stopes. Notably, past mining extracted ore grading an extraordinary 141.7 grams per tonne gold and 780 grams per tonne silver. Despite this, only two of at least eight identified mineralised veins have been substantially explored, leaving significant upside potential. The project’s simple underground mining proposition, combined with proximity to existing toll-milling infrastructure in the western US, positions it well for rapid development.
Red Bird Project, Targeting Broader Open-Pit Mineralisation
Red Bird, located in Arizona, comprises 48 claims over epithermal vein and breccia mineralisation, with historical underground sampling revealing promising gold grades. SQX plans an initial 2,500-metre reverse circulation drilling program starting December 2025, aiming to delineate a JORC-compliant mineral resource estimate and explore extensions at depth and along strike. The project’s potential for open-pittable mineralisation adds a complementary dimension to SQX’s portfolio.
Experienced Leadership and Clear Growth Pathway
Under the stewardship of Executive Chairman Patric Glovac and an experienced board, SQX is leveraging its technical and corporate expertise to unlock value from these US assets. The company’s strategy includes modern exploration techniques, resource definition, and strategic partnerships to utilise existing processing facilities, accelerating the pathway to production and value creation.
Looking Ahead, Exploration Catalysts and Market Implications
With drilling programs scheduled to commence imminently and follow-up activities planned through 2026, SQX is poised for a series of near-term exploration catalysts. Investors will be watching closely for assay results and progress updates, which could significantly impact the company’s valuation and position in the precious metals exploration sector.
Bottom Line?
SQX’s pending acquisition and aggressive exploration plans set the stage for a pivotal phase in its US precious metals journey.
Questions in the middle?
- Will the acquisition of AM6 Pty Ltd secure shareholder approval and complete on schedule?
- How will initial drilling results at Williams and Red Bird influence resource estimates and project valuation?
- What are the prospects for expanding processing partnerships to accelerate production timelines?
