Xtract Resources has significantly expanded its footprint in Morocco, securing near-total ownership of Wildstone, a local company focused on antimony exploration. The UK-based mining firm, which already operates in Zambia and Australia, now controls 80% of Wildstone’s capital—a strategic shift that came sooner than initially planned and forced a revision of the original agreement between the two companies.
When the partnership was formalized in late February, both sides had agreed to a gradual increase in Xtract’s stake, capped at 80% in exchange for a $900,000 investment spread over three years. Under the initial terms, Xtract acquired a 50% stake for $500,000, with the remainder to follow in stages. However, in a surprising turn, Wildstone’s Moroccan shareholders opted to fast-track the deal, handing over the full 80% share ahead of schedule.
This accelerated timeline reflects the growing confidence in Xtract’s commitment and capabilities. According to CEO Colin Bird, the collaboration has gone far beyond a financial transaction. He highlighted the depth of technical engagement and close cooperation between the two firms, which has helped push forward antimony-related projects across the country.
With Wildstone holding fifteen mining permits, Xtract is now positioning itself as a major player in Morocco’s critical minerals sector. Antimony, known for its strategic importance in defense, electronics, and metallurgy, is increasingly seen as a high-value resource. Xtract is also betting on a continued rise in global antimony prices, which could boost the long-term value of its investment.
Morocco’s mining sector has recently attracted a wave of interest from other international companies as well. Zeus Resources has completed several acquisitions in the country, while Critical Mineral is actively exploring opportunities in the same space, further underscoring the region’s growing appeal for strategic mineral exploration.
