Wedoany.com Report-Jun 9, Maxus Mining, a mineral exploration company, has signed an agreement to acquire full ownership of four exploration properties in British Columbia, Canada, covering over 4,122 hectares. The deal includes one tungsten project, Lotto, spanning 422 hectares, and three antimony projects—Quarry, Hurley, and Altura—covering approximately 3,700 hectares.

The antimony and tungsten properties to be acquired span more than 4,122 hectares.

The Quarry property, located north of the Osilinka River, about 46km northwest of Germansen Landing, features a limestone quarry with minerals such as azurite, boulangerite, cerussite, chalcopyrite, galena, malachite, sphalerite, and stibnite. A 1991 sample from the site assayed 20% stibnite, 0.89 grams per tonne silver, 3.8% copper, 42.5% lead, and 0.65 grams per tonne gold. The Hurley Antimony project lies 7km southeast of Gold Bridge, near the historic Bralorne-Pioneer Gold Mining Camp. The Altura Antimony project is situated on Dolly Varden Mountain, 29km northeast of New Denver, an area recognized for its antimony potential.

The Lotto Tungsten project, located in the mineral-rich Kootenay region, 19km west-southwest of Castlegar, showed promise in 1980 when a grab sample from a quartz vein with scheelite assayed 10.97% tungsten trioxide. These properties position Maxus Mining to explore minerals critical for emerging technologies.

Scott Walters, CEO of Maxus Mining, stated: “We are excited to announce the strategic acquisition of four new projects, focusing on identifying antimony and tungsten. By diversifying our portfolio to include minerals essential for emerging technologies and the future of energy, we are uniquely positioned to capitalise on these evolving markets.” He added that the company looks forward to advancing these projects to create value for shareholders.

To secure 100% interest, Maxus Mining will make cash payments totaling C$150,000 (approximately $109,745), issue C$400,000 in common shares, and commit to C$1 million in exploration expenditures over three years. The investment underscores the company’s focus on expanding its resource base in British Columbia, a region known for its mineral wealth.

The acquisition aligns with growing demand for antimony and tungsten, used in electronics, energy storage, and industrial applications. By developing these properties, Maxus Mining aims to contribute to the supply of critical minerals, supporting technological innovation and sustainable development. The projects are expected to create opportunities for local economies through exploration activities and potential future production, reinforcing British Columbia’s role as a hub for mineral exploration.