Military Metals Corp. has recently made significant strides in the mineral exploration sector, focusing on critical minerals such as antimony and gold.
Acquisition of Last Chance Antimony-Gold Property
On February 19, 2025, Military Metals completed the acquisition of the Last Chance Antimony-Gold Property in Nevada. Located approximately 70 kilometers north of Tonopah and 18 kilometers west of Kinross's Round Mountain gold mine, the property has a rich history dating back to its discovery in 1880 and production until the early 1960s. The site features historical infrastructure, including a shaft and concrete foundations, with mineralization consisting of antimony-gold deposits within structurally controlled quartz veins. The company plans a comprehensive field program for Q2-3 to explore additional mineralized vein clusters. Notably, the antimony spot price has reached a new all-time high of $51,500 USD per tonne. The company has also submitted an application to the USA Defense Industrial Base Consortium, making it eligible for Defense Production Act funding.
Annual General Meeting and Management Appointments
At the Annual General Meeting held on February 20, 2025, shareholders approved key resolutions, including the election of Scott Eldridge (CEO), Michael Carew, Mark Saxon, and Stephen Sulis to the Board of Directors. Additionally, Latika Prasad, a founder and former director, was appointed as Vice-President of Corporate Finance. The company also extended its agreement with Tafin GmbH for investor relations services focused on the German market.
Engagement of European Financial Markets Advisor
On February 5, 2025, Military Metals appointed DGWA GmbH as its European financial market advisor to support its 100% owned Trojárová antimony-gold property in western Slovakia. DGWA will assist with investor relations, funding applications, and strategic connections in the European market. This appointment comes at a time when antimony prices are reaching all-time highs, with analysts predicting potential prices of US $100,000 per ton, double the current rate. The company is currently working on converting Soviet-era resource data into NI 43-101 compliant resources with SLR.
Technical Report on Trojárová Antimony-Gold Property
On January 23, 2025, Military Metals filed a NI 43-101 technical report on its fully owned Trojárová antimony-gold property in western Slovakia. The property is located 3 kilometers from the past-producing Pezinok mine, in a region that became Europe's largest antimony producer during the 1980s. The company is currently working on translating historical drill logs covering 14,330 meters of drilling and digitizing related data. The technical team at SLR Consulting is developing a geological/deposit model using historical data to advise on confirmation drilling needed to classify the historically documented antimony-gold mineralization as current mineral resources. Development at Trojárová was previously halted in 1991 due to decreased antimony demand.
Outlook
Military Metals Corp. continues to position itself strategically in the critical minerals sector, with a focus on antimony and gold. The company's recent acquisitions and strategic appointments aim to enhance its exploration and development capabilities, aligning with the increasing global demand for these essential minerals.
Military Metals Corp is dedicated to exploring and discovering the metals that play a crucial role in defense technology. By focusing on critical resources such as antimony, the company provides essential materials that enhance military equipment and infrastructure. Historically, antimony has been integral to military applications, including night vision goggles, explosive formulations, flares, nuclear weapons production, and infrared sensors. Its expanding role in advanced battery technology further highlights its significance as a critical material. Military Metals Corp remains committed to identifying and harnessing these valuable resources to strengthen the foundation of military capability.
