Option to acquire Matrix Manganese Project - Arizona USA

Key points

• Trek Metals has secured an option to acquire 100% of Matrix Manganese Project in Arizona.
• The acquisition provides a strategic entry into a critical mineral district.
• The deal includes a low-cost, staged entry with a A$50,000 option fee and A$150,000 acquisition price.

Full summary

Trek Metals Limited has secured an exclusive 9-month option to acquire 100% of Solution Mining Pty Ltd, which indirectly holds the Matrix Manganese Project in Mohave County, Arizona. The acquisition represents a strategic and capital-efficient entry into a 100% import-reliant US critical mineral district. The agreement includes a non-refundable option fee of A$50,000, with an additional A$150,000 acquisition price payable upon exercise. The Matrix Project is located in a manganese-mineralised province and could be suitable for a low-impact in-situ recovery operation.