Maxus Mining Earns 100% Interest in the Alturas West Property including the Past Producing Alps-Alturas Antimony Mine

Executive Summary

• Maxus Mining completed the acquisition of a 100% legal and beneficial interest in the Alturas West Property, finalizing its previously announced Option Agreement with Eminence Minerals Ltd.
• Full ownership gives Maxus complete control to advance exploration, permitting, and development of its flagship Alturas Antimony Project.
• The company will now focus on integrating datasets into a 3‑D model, refining high‑priority targets, and preparing for future drilling programs across both Alturas West and East blocks.

Key Details

• Transaction Completion: All obligations under the Option Agreement were satisfied, including accelerated issuance of consideration shares to Eminence Minerals Ltd., resulting in Maxus obtaining full ownership of Alturas West.
• Project Overview: Alturas Antimony Project consists of two claim blocks (Alturas West and East) with a 1,300‑m mineralized corridor containing quartz veins with stibnite (Sb₂S₃). Historical production averaged ~57.2% Sb, with grades up to 59.5% Sb; recent sampling shows values up to 69.98% Sb.
• Strategic Significance: Full ownership provides flexibility for exploration, permitting, and development, strengthening Maxus’s position in the antimony sector.
• Next Steps – Exploration & Development:
• Advance permitting and regulatory processes.
• Integrate geological, geochemical, and geophysical data into a comprehensive 3‑D model.
• Refine high‑priority drill targets across both blocks.
• Prepare for future exploration and drilling programs.
• Qualified Person Statement: Technical information reviewed and approved by Morgan Verge, P.Geo., VP Exploration (NI 43‑101 qualified).
• CEO Quote: “This milestone strengthens our position in the antimony sector and provides us with full control to advance exploration and development across the Project.” – Scott Walters, CEO.

Notable Quotes

“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,” — Scott Walters, CEO, Maxus Mining.