VANCOUVER, British Columbia – Maxus Mining Inc. has achieved a significant milestone by earning a one hundred percent legal and beneficial interest in the Alturas West Property, a crucial component of its flagship Alturas Antimony Project. This acquisition, finalized on March 26, 2026, includes the past-producing Alps-Alturas antimony mine, located in British Columbia's Slocan Mining Division.
Transaction Details and Strategic Implications
The company fulfilled all remaining obligations under its previously announced Property Option Agreement with Eminence Minerals Ltd., formerly known as Equinox Resources Limited. This included the accelerated issuance of consideration shares, resulting in Maxus securing full ownership of the Alturas West Property. The completion of this transaction provides Maxus with complete control over a key asset in its growing portfolio of critical mineral projects.
Alturas Antimony Project Overview
The Alturas Antimony Project comprises two distinct claim blocks: Alturas West and Alturas East. Situated within the historic Alps-Alturas antimony mine in the prolific Slocan Mining District, the project features a 1,300-metre mineralized corridor characterized by quartz veins containing stibnite (Sb₂S₃) mineralization within a structurally controlled shear zone.
Historical production data from the Alps-Alturas mine reveals impressive antimony grades, with an average of approximately 57.2% antimony and reported grades reaching as high as 59.5% Sb. More recent sampling has returned ultra-high-grade antimony values, further supporting the project's potential as a high-impact critical minerals asset.
Key Transaction Highlights
- Complete Ownership Achieved: All requirements under the Option Agreement have been satisfied, securing full legal and beneficial ownership of Alturas West.
- Flagship Asset Advancement: Alturas remains a cornerstone project within Maxus' expanding portfolio of critical mineral assets.
- Strategic Positioning: Full ownership provides the company with enhanced flexibility to advance exploration, permitting, and development initiatives across the broader project area.
Future Exploration Plans
Maxus is continuing to advance exploration planning across the project, including comprehensive data integration, target refinement, and progression toward drill-ready targets. The company's strategic approach aims to maximize the potential of this significant critical minerals asset.
"We are very pleased to have completed the acquisition of a 100% interest in Alturas West, a key component of our flagship Alturas Antimony Project," commented Scott Walters, CEO of Maxus Mining. "This milestone strengthens our position in the antimony sector and provides us with full control to advance exploration and development across the project. We appreciate the cooperation of Eminence throughout this process and look forward to unlocking further value at Alturas."
The Alps-Alturas Antimony Mine has a notable production history, having produced over 95 tonnes of antimony with an average grade of 57.2% Sb. This acquisition positions Maxus Mining to build upon this historical production while exploring new opportunities within the broader Alturas Antimony Project framework.
