SLAM Exploration Acquires Antimony Project
Analysis based on 6 articles · First reported Apr 07, 2026 · Last updated Apr 07, 2026
The acquisition of the Moose Lake antimony project by SLAM Exploration is expected to positively impact the company's stock price due to expanded mineral potential. The planned warrant extension also provides additional financing flexibility, which could be viewed favorably by investors.
SLAM Exploration announced the acquisition of the Moose Lake antimony project in the Bathurst Mining Camp of Canada — New Brunswick through an option agreement signed on March 30, 2026. The project includes two claims with three antimony showings, grading up to 4.32% Antimony and 0.894 g/t Gold. To acquire a 100% interest, SLAM Exploration will pay the Optionors CAD $80,000 and issue 600,000 common shares over three years. Upon earning the interest, the Optionors will retain a 2% net smelter return royalty, with SLAM Exploration having the right to buy back half for $1,000,000. The agreement and share issuances are subject to approval by the TSX Venture Exchange. Additionally, SLAM Exploration plans a one-year extension for 2,700,000 share purchase warrants, extending their expiry dates to April 25, 2027, and May 22, 2027, subject to TSX Venture Exchange approval. The company also highlighted other ongoing exploration activities and previous successes in Canada — New Brunswick.
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