The antimony exploration company Xtra Energy Corp (OTC:XTPT) could be on the radars of investors this morning owing to the announcement that it made on Monday. The company revealed information about its strategic advisory team for helping it with the growth and advancement of the American Antimony Project. It may be a good time to take a closer look into it.
Strategic Advisory Team Details
In the news release, Xtra Energy Corp announced that it retained the same strategic advisory team that had been responsible for providing guidance about an $8 million capital raise to Sidney Resources Corp. The company noted that it was going to use the expertise and track record of these advisors to speed up the development of the American Antimony Project. That would also position the project for future capital raises, greater creation of shareholder value, and operational excellence.
Key Information
The company also noted that it was pleased to have managed to bag the services of the aforementioned team that had a strong track record of delivering results. It was also noted that the success of the Sidney Resources collaboration was a demonstration of the skills and acumen of the advisory team, which would now collaborate with Xtra Energy Corp.
Management Quote
“We are excited to have secured the services of a team with a demonstrated history of delivering results,” said Mac J. Shahsavar, P.Eng., Chairman and C.E.O. of Xtra Energy Corp. “Their involvement in Sidney Resources Corp.’s recent $8 million funding success is a testament to their acumen and network. As we move forward, their insight will be instrumental in helping Xtra Energy optimize its capital structure, streamline operations, and broaden its relationships within the investor community.”
Technicals
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| 1-Year Perf. | +28.72% |
| RSI(14) | 45.86 |
| ATR(14) | 0.02 |
| ADX(14) | 21.7 |
