Krait Critical Minerals Enters Option Deal for Nevada Antimony Project

The mining firm has signed an option agreement to acquire a 100% interest in a past-producing antimony property in Nevada.

Mining company Krait Critical Minerals has entered into an option agreement to acquire a 100% interest in an antimony project in the US state of Nevada, The Globe and Mail and Investing.com reported.

According to the reports, the agreement grants the firm the right to acquire full ownership of the past-producing mining property in the state.

Financial terms of the transaction and details regarding the conditions for exercising the option have not been disclosed. Further details regarding the extent of mineral resources at the site or a timeline for resuming operations have not yet been released.