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Xtract Resources Secures Moroccan Licenses to Explore Critical Antimony Deposit

Metals and Mining

Business Honor - Xtract Resources Wins Moroccan Antimony Rights

Business Honor
18 September, 2025

Xtract Resources acquires Moroccan licenses to explore antimony, a critical strategic metal.

Diversified metals and minerals producer Xtract Resources Plc, headquartered in London, has signed for two exploration licenses in Morocco's Khenifra province via its 80%-held subsidiary, Wildstone SARL. The recently acquired Amghas licenses, spanning 32 square kilometers, were acquired for $105,000 (MAD 1.06 million) and will be valid until mid-2026. The location is the site of an old antimony mine, which was most recently in operation during the 1950s. Past operations revealed antimony concentration-bearing ore sulfide veins with concentrations above 40%. Xtract has already undertaken a series of baseline reports and an environmental impact assessment as part of the process to renew the site's mining license and start operations.

Initial geological mapping indicates that the mineralized structures stretch for many kilometers, which can potentially restore the region's antimony production. With the increasing demand globally for antimony, driven by its critical applications in batteries, flame retardants, and semiconductors, this acquisition leaves Xtract well-placed in a growing market.

Antimony is an EU and US strategic metal due to its significant role in defense applications and energy transition technology. China dominates global supply, and therefore, new sources, particularly in Africa, are increasingly of international interest. With the acquisition of the Khenifra licenses, Xtract is not only positioning itself in this expanding market but is also contributing to Morocco's increasing reputation as a hub of critical minerals production and exploration.

Exploration activity at the project is already under way, such as underground channel sampling to make an initial mineral resource estimate. As the demand for critical metals globally continues to grow, Xtract's strategic initial step in Morocco could be crucial to supply the energy, technology, and defense industries in the future.