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Highlights
- EV Resources has restructured its Tecomatlán plant agreement to link payments with permitting and operational milestones.
- The updated structure reduces upfront expenditure and aligns capital deployment with project progress.
- Refurbishment and site preparation activities have commenced at the Tecomatlán facility.
- The company has established a near-term production strategy leveraging high-grade feed from the Los Lirios project along with regional sources to enable early-stage output.
- Metallurgical testing has demonstrated recovery rates of 90.8 percent, confirming the plant’s suitability for antimony processing.
EV Resources Limited (ASX:EVR) has announced a strategically restructured agreement for the Tecomatlán processing plant, outlining a clear pathway aimed at accelerating its transition into near-term antimony production.
The revised structure links payments to key project milestones including permitting and operational progress, while refurbishment work at the site is already underway. The company is positioning the plant as a central component in its near-term, low capex production strategy, supported by feed from the Los Lirios project and surrounding sources.
Following the update, EVR share price surged 14.29% to AUD 0.008 per share during morning hours on 19 March 2026.
Revised Agreement Sets Development Framework
The restructured agreement is designed to ensure that capital deployment is in line with project value realisation. The updated structure reduces upfront risk and preserves shareholder value.
Under the revised terms, capital outlay is distributed across defined milestones, including land-use approvals, final operating permits, and operational progress, ensuring a disciplined and staged investment approach.
Refurbishment Activities Underway
Site access has been secured, and refurbishment work has commenced at the Tecomatlán facility. Early-stage site preparation and upgrades are in progress, with modifications being implemented to align the plant with EVR’s processing plans.
These activities mark a key step toward achieving operational readiness
Near-Term Production Strategy Gains Momentum
EVR has outlined a production approach centred on utilising high-grade material from its Los Lirios project, complemented by additional feed from regional sources. The Tecomatlán plant is expected to serve as a scalable processing platform capable of supporting future growth. This integrated approach is expected to provide a rapid entry into antimony production.
Metallurgical test work has indicated recovery rates of approximately 90.8 percent, supporting the suitability of the processing facility for antimony extraction.
Positioning Within Global Antimony Supply Dynamics
The company’s plans are aligned with growing demand for anatomy across sectors such as defence, energy storage, and high-technology manufacturing. Antimony is considered a critical mineral in these sectors, and supply constraints have been noted in global markets, presenting a supportive backdrop for new production.
Clear Pipeline of Upcoming Milestones
EVR has outlined a series of upcoming developments as the project progresses, including:
- Advancing permitting milestones
- Continuing refurbishment and upgrades at Tecomatlán
- Progressing toward plant commissioning
- Expanding and securing feedstock supply
