Xtra Energy Corporation (OTCMKTS:XTPT) Stock In Focus After Recent News

Yesterday Xtra Energy Corporation (OTCMKTS:XTPT) was in focus after it announced that it had been successful in completing an 80 acre expansion by way of which it acquired complete ownership rights of the Lofthouse Mine, which historically produced antimony. The mine is located around 5 miles to the south-west of the company’s American Antimony Project and had been regarded as the principal antimony property of the district along with Antimony King Mine.

Trading Data

On Tuesday, XTPT stock surged 1.24% to $0.0820 with 7.58K shares, compared to volume of 34.96K shares. The stock moved within a range of $0.0820 – 0.0889 after opening trade at $0.0889.

Xtra Energy Corp. Announces Continued Expansion onto the American Antimony Project to Encompass the Past Producing LoftHouse Mine

The latest acquisition was a significant once since it brought the ownership rights that the company held to documented antimony mines over an expanse of 1400 acres to 9. The expanse of land is located in the Bernice Mining District at Churchill County in Nevada.

Mac J. Shahsavar, who is the Chairman of Xtra Energy Corp spoke about the company’s expansion. He noted that Antimony King and Lofthouse were two of the most recognized antimony producers in the Bernice Mining District. He went on to note that for an antimony mining company like Xtra Energy gaining full ownership of one of those properties was a major milestone. He added that it was the company’s goal to get the district back to its former heights as an antimony mining region.