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Arcadia Grants Xinhai Option to Propel Swanson Tantalum Project into Production
10:24am on Monday 2nd of February, 2026 AEDT
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Mining
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Arcadia Grants Xinhai Option to Propel Swanson Tantalum Project into Production
10:24am on Monday 2nd of February, 2026 AEDT
Key Points
Exclusive option granted to Xinhai to build and commission a gravimetric plant at Swanson
Xinhai to explore EPL 5047 for lithium and tantalum-bearing pegmatites
Xinhai to earn up to 70% equity in the project through staged milestones
Strategic placement to raise $750,000 strengthens Arcadia’s balance sheet
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