Maxus Mining will acquire an antimony and tungsten mine in British Columbia

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Release time：2025-06-09

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The company is seeking to develop these lands, totaling 4,122 hectares.

Maxus Mining, a mineral exploration company, has reached an agreement to acquire 100% interest in four exploration assets in British Columbia (BC), including one tungsten project and three antimony projects.

These mineral properties cover more than 4,122 hectares, with the antimony projects (Quarry, Hurley, and Altura) covering approximately 3,700 hectares and the Lotto Tungsten project covering 422 hectares. The Quarry project is located within a limestone quarry north of the Osilinka River, approximately 46 kilometers northwest of Germansen Landing. The quarry exposure in the limestone quarry contains mainly azurite, wollastonite, cerussite, chalcopyrite, galena, malachite, sphalerite, and stibnite. A 1991 sample assayed 20% stibnite, 0.89 grams per tonne (g/t) silver, 3.8% copper, 42.5% lead, and 0.65 g/t gold. The Hurley antimony project is located 7 kilometers southeast of Gold Bridge, near the historic Bralorne-Pioneer gold mining camp. The Altura antimony project is located on Dolly Varden Mountain, approximately 29 kilometers northeast of New Denver, an area known for its antimony potential. The Lotto tungsten project is located in the mineral-rich Kootenay region, 19 kilometers west-southwest of Kaslo.

The company stated that in 1980, a selected grab sample from a quartz vein containing scheelite assayed 10.97% tungsten trioxide. Maxus Mining CEO Scott Walters said: “We are pleased to announce the strategic acquisition of four new projects focused on antimony and tungsten. By diversifying our portfolio to include critical minerals needed for emerging technologies and future energy, we are uniquely positioned to capitalize on these evolving markets. Looking ahead, we are eager to advance the newly acquired projects and look forward to the new opportunities they will bring to our shareholders. To obtain 100% interest, Maxus Mining must fulfill several commitments, including paying a total of C$150,000 (US$109,745) in cash, issuing a total of C$400,000 in common shares, and investing at least C$1 million in exploration expenses over three years.”

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Maxus Mining will acquire an antimony and tungsten mine in British Columbia

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