Grand Gulf Energy Limited-Strategic Entry into Utah Antimony District
Grand Gulf Energy Limited (ASX: GGE) has secured a highly prospective foothold in the United States critical minerals space through the acquisition of the Dry Wash Antimony Project in Utah. The Project spans approximately 8,122 acres and is located adjacent to, and structurally aligned with, the Antimony Canyon Project, where neighbouring exploration has already demonstrated high-grade antimony mineralisation. Early geological fieldwork completed by Grand Gulf has identified stibnite mineralisation across multiple stratigraphic horizons, supporting the view that Dry Wash represents a logical strike extension of the broader antimony system.
The acquisition has been structured via a Mineral Exploration and Option to Lease Agreement, providing a low-cost pathway to advance exploration while retaining flexibility. To support upcoming work programs, the Company has secured commitments to raise AU$500,000 through an equity placement, with funds earmarked for project evaluation and working capital. Overall, the transaction enhances Grand Gulf’s exposure to strategically important antimony while leveraging its existing technical presence in Utah to pursue near-term exploration progress.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services.
By continuing to use this site, we assume you consent to this.
Read our
Privacy Policy
and
Terms & Conditions
Grand Gulf Energy Limited-Strategic Entry into Utah Antimony District
Grand Gulf Energy Limited (ASX: GGE) has secured a highly prospective foothold in the United States critical minerals space through the acquisition of the Dry Wash Antimony Project in Utah. The Project spans approximately 8,122 acres and is located adjacent to, and structurally aligned with, the Antimony Canyon Project, where neighbouring exploration has already demonstrated high-grade antimony mineralisation. Early geological fieldwork completed by Grand Gulf has identified stibnite mineralisation across multiple stratigraphic horizons, supporting the view that Dry Wash represents a logical strike extension of the broader antimony system.
The acquisition has been structured via a Mineral Exploration and Option to Lease Agreement, providing a low-cost pathway to advance exploration while retaining flexibility. To support upcoming work programs, the Company has secured commitments to raise AU$500,000 through an equity placement, with funds earmarked for project evaluation and working capital. Overall, the transaction enhances Grand Gulf’s exposure to strategically important antimony while leveraging its existing technical presence in Utah to pursue near-term exploration progress.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au