Maxus Mining Secures Full Ownership of Alturas West Property From Eminence Minerals

Why It Matters

Full ownership gives Maxus strategic control over a high‑grade critical mineral asset, positioning it to meet rising antimony demand and attract investment. The acquisition strengthens the company’s domestic supply chain credentials amid global antimony scarcity.

Key Takeaways

• Maxus now holds 100% of Alturas West property
• Historic Alps‑Alturas mine produced up to 59.5% antimony
• Recent assays show antimony up to 69.98% Sb
• Company will pursue permitting and drill‑ready targets
• Portfolio includes antimony, tungsten, and copper projects in BC

Pulse Analysis

Antimony is classified as a critical mineral by the U.S. Department of Energy because it is essential for flame‑retardant polymers, lead‑acid battery alloys, and emerging low‑carbon technologies. Global supply is concentrated in a few countries, notably China, creating geopolitical risk for manufacturers seeking diversified sources. In this environment, North American projects that can deliver high‑grade antimony are attracting heightened investor interest. Maxus Mining’s recent acquisition of full ownership over the Alturas West property positions the company to become a domestic supplier, potentially reducing reliance on imported material and aligning with recent U.S. policy incentives for critical mineral development.

The Alturas West block sits on the historic Alps‑Alturas mine in British Columbia’s prolific Slocan Mining District, a corridor famed for quartz‑vein hosted stibnite mineralization. Historical production recorded average antimony grades of 57.2%, with peaks near 59.5%, while the latest surface sampling returned values as high as 69.98% Sb, underscoring the deposit’s ultra‑high‑grade potential. Securing 100% legal and beneficial interest eliminates joint‑venture complexities, giving Maxus full discretion over exploration, permitting, and eventual mine development. The company’s next steps include integrating geological, geochemical and geophysical data into a 3‑D model to define drill‑ready targets across both West and East claim blocks.

Beyond Alturas, Maxus maintains a diversified 15,098‑hectare portfolio that spans additional antimony projects, a tungsten deposit and a copper prospect near the historic Sullivan Mine. This breadth provides operational flexibility and multiple pathways to generate cash flow. As the company moves toward permitting and field drilling, it is likely to seek strategic financing or partnership opportunities to accelerate development. Successful advancement could lift Maxus’s market valuation, attract critical‑mineral‑focused investors, and contribute to North America’s broader goal of securing a stable domestic supply chain for antimony and related metals.

Deal Summary

Maxus Mining Inc. announced it has completed the acquisition of a 100% legal and beneficial interest in the Alturas West Property, part of its flagship Alturas Antimony Project in British Columbia. The deal finalizes an option agreement with Eminence Minerals Ltd., with Maxus issuing consideration shares to secure full ownership. The transaction strengthens Maxus’s position in the antimony sector.