Military Metals Commences Underground Lidar Survey at Its Flagship Trojárová Antimony-Gold Property in Slovakia, Antimony Achieves New All-Time High Price

Rhea-AI Summary

Military Metals Corp (OTCQB: MILIF) has initiated an underground LIDAR survey at its Trojárová antimony-gold deposit in Slovakia. The survey covers 1.7 kilometers of underground workings, including seven crosscuts into the mineralized zone, aimed at creating a more precise three-dimensional deposit model with SLR Consulting.

The project gains strategic importance as antimony prices reach a new all-time high of USD$59,800 per metric ton in Europe. The company is also collecting over 20 kilograms of mineralized material to develop custom antimony analytical standards for upcoming drilling programs, to be prepared by Canadian Resources Laboratories.

CEO Scott Eldridge emphasizes the project's significance amid Europe's increasing defense sector spending and efforts to establish strategic independence from U.S. military support, positioning Trojárová as a important strategic asset for western antimony supply.

Vancouver, British Columbia--(Newsfile Corp. - April 2, 2025) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "MILI") is pleased to report that its technical team is onsite at the Company's flagship Trojarová antimony-gold deposit to complete a Laser Imaging, Detection and Ranging ("LIDAR") survey of the underground workings. Totalling 1.7 kilometers in length from the portal at the southeast end and in the hanging wall of the mineralized zone, the drift cuts southwest then runs northwest in the footwall of the northwest-striking, northeast-dipping zone. There are seven crosscuts into the mineralized zone itself that were historically developed for sampling purposes. Accurately determining the location of these workings will enable a more precise documentation of the location of all historical underground samples in turn providing for a more accurate three-dimensional deposit model currently being developed by SLR Consulting. The LIDAR survey will be completed this week.

Figure 1: Military Metal's technical team conducting LIDAR survey at Trojarova

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Military's CEO, Scott Eldridge, comments: "The context of our further refining the exploration work at Trojarová demonstrates the need for projects such as these, which have the potential to provide stable sources of antimony to western countries. Specifically, antimony prices continue to achieve new all-time highs; the most recent price posted in Europe is USD$59,800⁽¹⁾ per metric ton. Defense sector spending in Europe is increasing dramatically as the continent races to re-arm. The EU has adopted a much-needed shift toward increased defense and security, and the drive for strategic independence from the U.S. emphasizes Europe's growing efforts to reduce reliance on U.S. military support. The importance of domestically sourced raw materials shines the spotlight on Trojarova as a strategic asset."

Additionally, the team will be collecting 20-plus kilograms of mineralized material from Trojarová so that a custom antimony analytical standard can be developed for Quality Assurance, Quality Control purposes during the forthcoming drilling program at Trojarová. These standards will be prepared for the Company by Canadian Resources Laboratories, a company that specializes in producing certified reference materials for the mining & exploration industry worldwide.

The technical contents of this release were reviewed and approved by Avrom E. Howard, MSc, PGeo, VP-Exploration for Military Metals and a qualified person as defined by National Instrument 43-101.

About Military Metals Corp.

The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.

ON BEHALF OF THE BOARD OF DIRECTORS

For more information, please contact:

Scott Eldridge
CEO and Director

scott@militarymetalscorp.com or info@militarymetalscorp.com

For enquiries, please call 604-537-7556

This news release contains "forward-looking information". Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this news release includes the completion of the LIDAR study, future drilling and exploration work at Trojarová, the development of a custom antimony analytical standard, the continuation of the value of antimony, and the future needs of Europe and the E.U. specifically. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. These include geopolitical developments related to the supply and value of antimony, the continued use of antimony and availability of alternatives, availability of capital and labour in respect of the property that is the subject of this news release, the results of any future exploration activities, which cannot be guaranteed, and any other future activities in respect of the property held by the Target. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247035

FAQ

What is the current price of antimony according to Military Metals (MILIF) press release?

According to the press release, antimony has reached a new all-time high price of USD$59,800 per metric ton in Europe.

How long are the underground workings being surveyed at MILIF's Trojárová project?

The underground workings total 1.7 kilometers in length from the portal at the southeast end.

What is the purpose of Military Metals' LIDAR survey at Trojárová?

The LIDAR survey aims to accurately determine the location of underground workings and historical samples to create a more precise three-dimensional deposit model.

How much mineralized material is Military Metals (MILIF) collecting from Trojárová?

The company is collecting over 20 kilograms of mineralized material to develop custom antimony analytical standards for quality control in future drilling programs.

Why is the Trojárová antimony-gold deposit considered strategically important?

The deposit is considered strategic due to Europe's increasing defense spending and need for domestic antimony sources to reduce reliance on U.S. military support.