Military Metals Corp.: Natural Resources Canada Invests in Nova Scotia's Critical Minerals Potential
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) risponde all'annuncio recente di approvazione di finanziamenti condizionati da parte di Risorse Naturali del Canada per lo sviluppo dei minerali critici della Nuova Scozia. L'azienda, che possiede l' storico minerale di antimonio-oro di West Gore, mira a beneficiare dell'allocazione di finanziamenti di 3,8 miliardi di dollari della Strategia canadese per i minerali critici.
La Nuova Scozia ha identificato 16 minerali critici come strategicamente importanti, tra cui l'antimonio, che rientra nella lista canadese dei 31 metalli critici. I criteri di selezione della provincia includono il potenziale di esplorazione, gli obiettivi di riduzione delle emissioni di carbonio, il disequilibrio globale tra domanda e offerta e opportunità strategiche.
L'azienda ha anche annunciato la nomina di Jeremy Ross come Vice Presidente dello Sviluppo Aziendale, portando con sé 25 anni di esperienza nei mercati dei capitali. Il management parteciperà al Forum sulle Risorse Minerarie della Nuova Scozia, che si terrà a Halifax dal 14 al 15 gennaio 2025.
Military Metals Corp. (MILIF) responde al anuncio reciente de aprobación de financiamiento condicional por parte de Recursos Naturales de Canadá para el desarrollo de minerales críticos en Nueva Escocia. La compañía, que posee la histórica mina de antimonio-oro de West Gore, busca beneficiarse de la asignación de fondos de $3.8 mil millones de la Estrategia de Minerales Críticos de Canadá.
Nueva Escocia ha identificado 16 minerales críticos como estratégicamente importantes, incluido el antimonio, que se encuentra en la lista canadiense de los 31 metales críticos. Los criterios de selección de la provincia incluyen potencial de exploración, objetivos de emisiones de carbono, desequilibrio global de oferta y demanda, y oportunidades estratégicas.
La empresa también anunció el nombramiento de Jeremy Ross como Vicepresidente de Desarrollo Corporativo, trayendo 25 años de experiencia en los mercados de capital. La dirección asistirá al Foro de Recursos Minerales de Nueva Escocia, que se llevará a cabo en Halifax del 14 al 15 de enero de 2025.
Military Metals Corp. (MILIF)는 캐나다 자연자원부의 최근 노바스코샤의 핵심 광물 개발에 대한 조건부 자금 승인 발표에 대한 응답입니다. 역사적인 웨스트 고르 안티몬-금 광산을 소유한 이 회사는 캐나다의 핵심 광물 전략에 따라 38억 달러의 자금 지원을 받기를 희망합니다.
노바스코샤는 16종의 핵심 광물을 전략적으로 중요한 것으로 인식하고 있으며, 여기에는 캐나다의 31개 핵심 금속 목록에 있는 안티몬도 포함됩니다. 주정부의 선택 기준은 탐사 가능성, 탄소 배출 목표, 글로벌 공급-수요 불균형, 그리고 전략적 기회 등을 포함합니다.
또한 이 회사는 제레미 로스를 기업 개발 부사장으로 임명했다고 발표했으며, 그는 25년의 자본 시장 경험을 보유하고 있습니다. 경영진은 2025년 1월 14일부터 15일까지 핼리팩스에서 열리는 노바스코샤 광물 자원 포럼에 참석할 것입니다.
Military Metals Corp. (MILIF) répond à l'annonce récente de l'approbation conditionnelle de financement par Ressources naturelles Canada pour le développement des minéraux critiques en Nouvelle-Écosse. L'entreprise, qui possède l'historique mine d'antimoine-or de West Gore, vise à bénéficier de l'allocation de fonds de 3,8 milliards de dollars de la Stratégie canadienne sur les minéraux critiques.
La Nouvelle-Écosse a identifié 16 minéraux critiques comme étant stratégiquement importants, y compris l'antimoine, qui figure sur la liste des 31 métaux critiques du Canada. Les critères de sélection de la province incluent le potentiel d'exploration, les objectifs d'émissions de carbone, le déséquilibre global entre l'offre et la demande, et les opportunités stratégiques.
L'entreprise a également annoncé la nomination de Jeremy Ross en tant que vice-président du développement corporatif, apportant avec lui 25 ans d'expérience sur les marchés de capitaux. La direction assistera au Forum des ressources minérales de la Nouvelle-Écosse, qui se déroulera à Halifax du 14 au 15 janvier 2025.
Military Metals Corp. (MILIF) reagiert auf die kürzliche Bekanntgabe von Naturressourcen Kanada über die bedingte Genehmigung von Fördermitteln für die Entwicklung kritischer Mineralien in Nova Scotia. Das Unternehmen, das die historische Antimon-Goldmine West Gore besitzt, beabsichtigt, von der Bereitstellung von 3,8 Milliarden Dollar im Rahmen der kanadischen Strategie für kritische Mineralien zu profitieren.
Nova Scotia hat 16 kritische Mineralien als strategisch wichtig identifiziert, darunter Antimon, das zu Kanadas Liste der 31 kritischen Metalle gehört. Die Auswahlkriterien der Provinz umfassen Erkundungspotenzial, Ziele für Kohlenstoffemissionen, globale Angebots-Nachfrage-Ungleichgewichte und strategische Möglichkeiten.
Das Unternehmen gab zudem die Ernennung von Jeremy Ross zum Vizepräsidenten für Unternehmensentwicklung bekannt, der 25 Jahre Erfahrung auf den Kapitalmärkten mitbringt. Das Management wird am Nova Scotia Mineral Resource Forum vom 14. bis 15. Januar 2025 in Halifax teilnehmen.
- Potential access to government funding from $3.8 Billion Canadian Critical Minerals Strategy
- Company's West Gore property aligns with federal and provincial critical minerals strategy
- Appointment of experienced capital markets professional as VP Corporate Development
- None.
Vancouver, British Columbia--(Newsfile Corp. - January 6, 2025) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "MILI") CEO, Scott Eldridge, comments on the recent announcement by Natural Resources Canada that it has conditionally approved funding for Nova Scotia with the stated goal of boosting Canada's critical minerals potential.(1) Military Metals is already invested in Nova Scotia's critical metals potential via its recent acquisition of the historical West Gore antimony-gold mine and surrounding property, and very much look forward to potentially accessing the various funding mechanisms that have now been adopted. It will help in our efforts and those of any other companies exploring for critical metals in Nova Scotia.
Canada's list of critical minerals includes antimony among a total of thirty-one metals. Nova Scotia has identified sixteen critical minerals of paramount importance to the province, including antimony, cobalt, copper, gallium, germanium, graphite, indium, lithium, manganese, molybdenum, niobium, rare earth elements (REE), tantalum, tin, tungsten, and zinc. The focused approach was partially based on potential and identification of such mineral resources within Nova Scotia. According to the province's strategy, it selected minerals to be included as critical based on four criteria: exploration potential, requirements for meeting carbon emissions targets, supply and demand imbalance in a global context, and the likelihood of presenting a strategic opportunity for Nova Scotia.(1)
Adopted in 2023, the Canadian Critical Minerals Strategy, CCMS, has allocated
Attendance at Nova Scotia Mineral Resource Forum
Members of Military Metals' management team will be attending the Nova Scotia Mineral Resouce Forum on January 14 and 15, 2025, to be held in Halifax.
Appointment of Vice President, Corporate Development
The Company is also pleased to report the appointment of Jeremy Ross as Vice President of Corporate Development. Mr. Ross is a venture capitalist with over twenty-five years of experience in capital markets. His company, Blackhill Consulting, specializes in capital raising for private and public companies and has participated in multiple Initial Public Offerings, reverse takeovers and incubating companies ranging from micro-cap to senior listings on the TSX, Nasdaq and NYSE. Mr. Ross has an extensive business network including strong relationships with private equity, institutional, and high-net-worth individuals.
About Military Metals Corp.
The Company is a British Columbia-based publicly-listed company 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
For enquiries, please call 604-722-5381 or 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 statements related to the completed Definite Agreement, as well as future plans for exploration activities, and assumptions related to the continuation of the global demand for antimony. 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 meeting the conditions of the Definitive Agreement, geopolitical developments related to the supply of antimony, the continued use of antimony and availability of alternatives, availability of capital and labour in respect of the properties that are the subject of this news release, the results of any future exploration activities, which cannot be guaranteed, and such other factors as may impact both and any future activities in respect of the properties.. 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.
(1) Nova Scotia quietly advancing pursuit of critical mineral development | CBC News
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236116
FAQ
How much funding has Canada allocated for the Critical Minerals Strategy that could benefit MILIF?
How many critical minerals has Nova Scotia identified as strategically important for MILIF's operations?
When will Military Metals (MILIF) attend the Nova Scotia Mineral Resource Forum?
Who did MILIF appoint as Vice President of Corporate Development in January 2025?
