EV Resources Ltd. has taken a major step towards commercial antimony production after securing its first binding five-year ore supply agreement for its central Tecomatlán processing plant in Mexico.
The long-term deal converts a previous memorandum of understanding with regional miner Lucero Grupo Minero de Puebla (Chinantla) into a formal commercial supply contract.
Located just eight kilometres from the Tecomatlán facility, Chinantla provides a high-grade, local feedstock source. Metallurgical flotation testwork on Chinantla ore previously demonstrated an 81.1 per cent antimony recovery rate, yielding a high-grade 42.4 per cent antimony concentrate.
The agreement establishes benchmark-linked commercial pricing tied to international market rates. In parallel, EVR is progressing the separate purchase of an initial 200-tonne high-grade Chinantla stockpile to supply the upcoming proof-of-concept processing campaign at Tecomatlán.
EV Resources Executive Chairman Shane Menere said: “This is an important milestone because we are progressively bringing together every component required for the Tecomatlán Proof-of-Concept campaign: the plant, the processing flowsheet, tested high-grade ore and now our first binding long-term commercial supply relationship.
EVR is positioning Tecomatlán as a regional processing hub to aggregate third-party ore from regional miners across Puebla, Oaxaca, and Guerrero, who currently face haulage distances of up to 1,200 kilometres to reach alternative processing facilities.
EVR holds additional feedstock MOUs representing more than 50 per cent of the plant’s total capacity, which it plans to convert into binding supply contracts.
The company is also advancing exploration at its 70 per cent-owned Los Lirios project to establish a proprietary ore feed alongside its regional supply model. As global trade restrictions continue to tighten critical mineral supply chains, EVR aims to establish a reliable North American antimony production pathway.
“We see Tecomatlán as more than a standalone processing plant,” Menere said.
“Our objective is to build an integrated antimony value chain, combining regional ore supply and processing in Mexico with a pathway into the US market, complemented over time by our 100 per cent-owned antimony prospects in Nevada.”
