Xtra Energy Corp. (OTC:XTPT) Stock In Focus After Recent News

Last Thursday, Xtra Energy Corp. (OTC:XTPT) came into focus after the company made a key announcement about its flagship American Antimony Project. Ahead of a new trading week, it may be a good time to take a closer look into the announcement.

Xtra Energy Corp. Initiates Petrographic Studies for the American Antimony Project

The company announced that it had launched a thorough petrographic study on the mineral samples from the project and described the development as a major new milestone in the key strategic asset.

The study would look to improve the understanding of the mineralogical characteristics and to figure out the best antimony extraction methods. Antimony is a mineral that is crucial to a number of key industries like energy storage, defense, and electronics.

The Analysis

Dr. Allen Miller, based out of Ottawa, Canada, would oversee the petrographic study, which would look to figure out textures, distribution of antimony-containing minerals in the core, and textures. The studies would provide Xtra Energy Corp. with major insights about the project’s geometallurgical model and would help in making the existing exploration and extraction processes more efficient.

The project is situated at the Bernice Canyon in Churchill County, Canada, and the region is well-known for high-grade antimony mineralization. The worldwide demand for the mineral is on the rise, and the project could end up playing a major role in the supply chain.

Key Quote

“We are excited to take this crucial step in advancing the American Antimony Project. The petrographic studies will enable us to better understand the mineral composition and processing characteristics, further refining our future approach to sustainable and efficient extraction,” said Mac J. Shahsavar, P.Eng., Chairman and CEO, of Xtra Energy Corp. “This is part of our commitment to ensuring a responsible supply of antimony for industries that rely on this critical mineral.”

Technicals

+/- EMA(20)	0.17 (+4.41%)
+/- SMA(50)	0.17 (+4.41%)
+/- SMA(200)	0.17 (+4.41%)