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Military Metals Corp (CSE: MILI) (OTCQB: MILIF) held its annual general meeting on February 20, 2025, where shareholders approved key resolutions. The board of directors was set at four members, with Scott Eldridge (CEO), Michael Carew, Mark Saxon, and Stephen Sulis elected as directors. Shareholders approved Smythe LLP as the company's auditor, the continuation of the rolling stock option plan, and the incentive share unit plan.
The company appointed Latika Prasad, a founder and former director, as Vice-President of Corporate Finance. Additionally, Military Metals extended its agreement with Tafin GmbH for investor relations services focused on the German market. The two-month extension, starting March 1, 2025, comes with a one-time payment of EUR 200,000 (CAD$297,720) for marketing services including social media management, content creation, and press release distribution in Germany.
Military Metals Corp (MILIF) has completed the acquisition of the Last Chance Antimony-Gold Property in Nevada, located 70 kilometers north of Tonopah and 18 kilometers west of Kinross's Round Mountain gold mine. The property, originally discovered in 1880, saw production until the early 1960s supporting US defense efforts.
The site features historical infrastructure including a shaft and concrete foundations. The mineralization consists of antimony-gold deposits within structurally controlled quartz veins, with gold-dominant veins crosscutting antimony-dominant 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.
Military Metals Corp. (MILIF) has 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.
The 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.
DGWA's services will include organizing site visits, European roadshows, grant funding applications, introductions to defense sector companies, and managing German-language communications and investor relations. The EU has allocated significant funding for domestic critical minerals projects, with antimony being listed in Europe's Critical Raw Materials Act.
Military Metals Corp. (MILIF) has 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.
Military Metals Corp. (MILIF) has signed an asset purchase agreement to acquire additional claims around its West Gore Antimony Project in Nova Scotia, Canada. The new acquisition adds 388 hectares to the existing 585 hectares, consolidating the mineralized area including historical mine workings.
The company will pay $235,000 over two years to ExplORE Resources for 100% interest, with a 3% Net Smelter Royalty (NSR). Military has the option to reduce the NSR to 1% by paying $500,000 for the first 1% and $1,000,000 for an additional 1%.
The West Gore mines, operational from 1883 to 1917, were significant antimony producers during World War One, producing 7,000 tonnes of antimony concentrate (46% grade) and approximately 6,900 ounces of gold. The project has seen minimal modern exploration since the 1960s.
Military Metals Corp (MILIF) has selected SLR Consulting to conduct mineral resource estimation work at its Trojarová antimony-gold project in Slovakia. SLR will model the historical resource, advise on twin and infill holes requirements for resource classification, and perform a formal Mineral Resource Estimate post-drilling.
The Trojarová project, discovered nearly 50 years ago, underwent extensive exploration between 1983-1995, including 63 core holes totaling 14,330 meters and 1.7 kilometers of underground development. The company's Slovakian team is currently digitizing and translating historical drill logs and data.
Additionally, Military Metals has engaged Tafin GmbH for investor relations services focused on the German market for a two-month term at EUR 200,000 (CAD$297,420), and Freedom Financial Research for a 10-day marketing campaign at US$75,000.
Military Metals Corp. (MILIF) responds to Natural Resources Canada's recent announcement of conditional funding approval for Nova Scotia's critical minerals development. The company, which owns the historical West Gore antimony-gold mine, aims to benefit from Canada's Critical Minerals Strategy's $3.8 Billion funding allocation.
Nova Scotia has identified 16 critical minerals as strategically important, including antimony, which is among Canada's list of 31 critical metals. The province's selection criteria include exploration potential, carbon emissions targets, global supply-demand imbalance, and strategic opportunities.
The company also announced the appointment of Jeremy Ross as Vice President of Corporate Development, bringing 25 years of capital markets experience. Management will attend the Nova Scotia Mineral Resource Forum on January 14-15, 2025, in Halifax.
Military Metals Corp. (MILIF) has provided a summary of its 2024 activities and outlook for 2025. The company entered the antimony market in September 2024 and has built a portfolio of brownfield antimony projects with high antimony-to-gold ratios. Antimony prices surged 192% from $13,000 to $38,000 USD per tonne in 2024.
The company's key acquisitions include the Trojarová Project in Slovakia, the West Gore Project in Nova Scotia, and the Last Chance Project in Nevada. For 2025, MILIF plans to focus on Trojarová, aiming to publish a NI-43-101 resource estimate followed by a Preliminary Economic Assessment. The company has received multiple bids from global firms for the resource estimate work.
Military Metals Corp. (MILIF) has appointed Avrom E. Howard, MSc, PGeo as Vice President of Exploration. Howard brings 40 years of international mineral exploration experience across various commodities and geological settings. His notable achievements include advancing the Alous copper-silver deposit in Morocco and the Tavsan gold deposit in Turkey to production. Howard, who holds degrees from the University of Toronto and University of Colorado at Boulder, will focus on advancing the Trojarova and other antimony projects.
The company has also granted 900,000 stock options to directors, officers, and consultants, exercisable at $0.50 per share for five years, vesting immediately.
Military Metals Corp. (MILIF) has signed a Definitive Agreement to acquire the Last Chance antimony-gold property in Nye County, Nevada. The property is located 70km north of Tonapah and 12km west of Kinross' Round Mountain gold mine.
The property features historical antimony-gold occurrences and a shaft with historical production. The mineralization exists within Paleozoic carbonates and Lower Mesozoic metamorphosed shales and carbonates, with ultramafic dykes and felsic intrusives cutting through the sequence. Following a Letter of Intent signed last month, management added five mining claims to secure potentially prospective ground for their first field campaign planned for Q2/2025.
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