Maxus Mining earns 100% interest in Alturas West

Executive Summary

• Maxus Mining Inc. has secured 100% legal and beneficial interest in the Alturas West property, a key component of its flagship Alturas antimony project in British Columbia.
• The acquisition was finalized by fulfilling all remaining obligations under a property option agreement with Eminence Minerals Ltd., including the accelerated issuance of consideration shares.
• Full ownership allows Maxus to proceed directly with exploration planning, data integration, and permitting for the historic high-grade antimony mine site.

Key Details

• Transaction Structure: Maxus earned 100% interest in Alturas West by satisfying all requirements of the option agreement with Eminence Minerals Ltd. (formerly Equinox Resources Ltd.).
• Consideration: The transaction included the accelerated issuance of consideration shares to Eminence.
• Asset Location: Alturas West is part of the Alturas antimony project in the Slocan mining division, British Columbia.
• Project Geology: The project features a 1,300-metre mineralized corridor with quartz veins containing stibnite (Sb2S3) within a structurally controlled shear zone.
• Historical Grades: The past-producing Alps-Alturas antimony mine averaged ~57.2% antimony, with reported grades up to 59.5% Sb. Recent sampling has returned "ultrahigh-grade" antimony values.
• Strategic Context: Alturas West is a cornerstone asset in Maxus's portfolio, which includes other antimony projects (Hurley, Quarry), a tungsten project (Lotto), and a copper project (Penny).
• Next Steps: The company will focus on advancing permitting, integrating geological/geochemical/geophysical data into a 3-D model, refining drill targets, and preparing for future exploration/drilling programs.

Notable Quotes

• "We are very pleased to have completed the acquisition of a 100-per-cent interest in Alturas West, a key component of our flagship Alturas antimony project... 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, Chief Executive Officer