Military Metals Responds to China's Export Ban on Critical Minerals
Military Metals Corp (CSE: MILI) (OTCQB: MILIF) responds to China's export ban on critical minerals including gallium, germanium, and antimony to the United States. The ban, following restrictions effective September 15, 2024, has caused antimony prices to surge by 228% this year. Antimony, important for military applications, energy storage, and advanced manufacturing, is now at the center of supply chain concerns, particularly with defense sector inventories at low levels.
The company, focused on North American critical minerals exploration, holds antimony mineral projects in Slovakia, Nova Scotia, and Nevada. CEO Scott Eldridge emphasizes the company's mission to establish sustainable, independent supply chains for critical minerals in response to growing Western concerns about dependence on adversarial nations for strategic resources.
Military Metals Corp (CSE: MILI) (OTCQB: MILIF) risponde al divieto di esportazione della Cina su minerali critici come gallio, germanio e antimonio negli Stati Uniti. Il divieto, che entrerà in vigore il 15 settembre 2024, ha causato un'impennata dei prezzi dell'antimonio del 228% quest'anno. Antimonio, fondamentale per applicazioni militari, stoccaggio energetico e produzione avanzata, è ora al centro delle preoccupazioni sulla catena di approvvigionamento, specialmente con le scorte del settore della difesa a livelli bassi.
L'azienda, focalizzata sull'esplorazione dei minerali critici in Nord America, possiede progetti minerari di antimonio in Slovacchia, Nuova Scozia e Nevada. Il CEO Scott Eldridge sottolinea la missione dell'azienda di stabilire catene di approvvigionamento sostenibili e indipendenti per i minerali critici in risposta alle crescenti preoccupazioni occidentali riguardo alla dipendenza da nazioni avversarie per risorse strategiche.
Military Metals Corp (CSE: MILI) (OTCQB: MILIF) responde a la prohibición de exportación de China sobre minerales críticos como galio, germanio y antimonio hacia Estados Unidos. La prohibición, que entrará en vigor el 15 de septiembre de 2024, ha provocado un aumento del 228% en el precio del antimonio este año. Antimonio, importante para aplicaciones militares, almacenamiento de energía y manufactura avanzada, está ahora en el centro de las preocupaciones sobre la cadena de suministro, especialmente con los inventarios del sector defensa en niveles bajos.
La empresa, centrada en la exploración de minerales críticos en América del Norte, tiene proyectos mineros de antimonio en Eslovaquia, Nueva Escocia y Nevada. El CEO Scott Eldridge enfatiza la misión de la empresa de establecer cadenas de suministro sostenibles e independientes para los minerales críticos, en respuesta a las crecientes preocupaciones occidentales sobre la dependencia de naciones adversarias para recursos estratégicos.
Military Metals Corp (CSE: MILI) (OTCQB: MILIF)는 중국이 미국으로의 갈륨, 독일륨 및 안티몬과 같은 핵심 광물의 수출 금지에 대한 응답을 제공합니다. 2024년 9월 15일 발효될 이 금지는 올해 안티몬 가격을 228% 급등시키는 결과를 가져왔습니다. 안티몬은 군사 응용, 에너지 저장 및 첨단 제조에 중요한 원소로, 방어 부문의 재고가 낮은 상황에서 공급망 우려의 중심에 있습니다.
이 회사는 북미의 핵심 광물 탐사에 주력하며 슬로바키아, 노바 스코샤 및 네바다에 안티몬 광산 프로젝트를 보유하고 있습니다. CEO 스콧 엘드리지가 적대적인 국가에 대한 전략 자원 의존에 대한 서구의 우려가 커지는 가운데, 핵심 광물에 대한 지속 가능하고 독립적인 공급망을 구축하는 것이 회사의 사명임을 강조합니다.
Military Metals Corp (CSE: MILI) (OTCQB: MILIF) répond à l'interdiction d'exportation de la Chine sur des minéraux critiques tels que le gallium, le germanium et l'antimoine vers les États-Unis. Cette interdiction, qui prendra effet le 15 septembre 2024, a entraîné une hausse de 228 % des prix de l'antimoine cette année. Antimoine, essentiel pour des applications militaires, le stockage d'énergie et la fabrication avancée, est désormais au centre des préoccupations de la chaîne d'approvisionnement, en particulier avec les niveaux de stocks dans le secteur de la défense étant bas.
L'entreprise, axée sur l'exploration de minéraux critiques en Amérique du Nord, possède des projets miniers d'antimoine en Slovaquie, en Nouvelle-Écosse et au Nevada. Le PDG Scott Eldridge souligne la mission de l'entreprise d'établir des chaînes d'approvisionnement durables et indépendantes pour les minéraux critiques, en réponse aux préoccupations croissantes de l'Occident concernant la dépendance à l'égard des nations adversaires pour des ressources stratégiques.
Military Metals Corp (CSE: MILI) (OTCQB: MILIF) reagiert auf Chinas Exportverbot für kritische Mineralien wie Gallium, Germanium und Antimon in die Vereinigten Staaten. Das Verbot, das ab dem 15. September 2024 in Kraft tritt, hat zu einem Preisanstieg von Antimon um 228% in diesem Jahr geführt. Antimon, das für militärische Anwendungen, Energiespeicherung und fortschrittliche Fertigung wichtig ist, steht nun im Mittelpunkt der Bedenken hinsichtlich der Lieferkette, insbesondere da die Bestände im Verteidigungssektor auf einem niedrigen Niveau sind.
Das Unternehmen, das sich auf die Erschließung kritischer Mineralien in Nordamerika konzentriert, hält Antimon-Mineralprojekte in der Slowakei, Nova Scotia und Nevada. CEO Scott Eldridge betont die Mission des Unternehmens, nachhaltige, unabhängige Lieferketten für kritische Mineralien aufzubauen, als Antwort auf wachsende westliche Bedenken über die Abhängigkeit von feindlichen Nationen für strategische Ressourcen.
- 228% increase in antimony prices benefits the company's market position
- Strategic portfolio of antimony projects across three jurisdictions (Slovakia, Nova Scotia, Nevada)
- Market opportunity created by China's export ban strengthens company's competitive position
- Current lack of production or revenue from antimony projects
- Dependence on successful development of exploration projects
Vancouver, British Columbia--(Newsfile Corp. - December 3, 2024) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "MILI") a leading North American exploration company focused on critical minerals, acknowledges today's announcement by China banning exports of gallium, germanium, and antimony to the United States. This move underscores the urgent need for Western nations to secure reliable long-term sources of these essential materials.
Antimony, a critical component in military applications, energy storage, and advanced manufacturing, is now at the forefront of the global supply chain crisis. China's ban, coupled with existing restrictions that came into effect September 15, 2024, has already sent antimony prices soaring by over
Military Metals recent antimony mineral project acquisitions in Slovakia, Nova Scotia, and Nevada provide shareholders with a pure antimony play with a diverse portfolio in top jurisdictions.
"This announcement from China reinforces the importance of Military Metals' mission to secure a sustainable, independent future supply chain for critical minerals," said Scott Eldridge, CEO of Military Metals Corp. "The West can no longer afford to rely on adversarial nations for resources essential to our security and economic stability. We are taking proactive steps to meet this growing demand with future domestic and allied sources of antimony."
As geopolitical tensions escalate and the trade war intensifies, Military Metals will continue to prioritize the development of critical mineral resources and work closely with governments and industry partners to ensure the West remains resilient and self-sufficient.
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
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 include 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, 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 subjects 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)Reuters; China bans export of critical minerals to US as trade tensions escalate; By Amy Lv and Tony Munroe; December 3, 2024
(2)Heritage Foundation: commentary/It’s Past Time to Re-Supply Our Munitions-Depleted U.S. Navy by Jim Fein; June 17, 2024
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232325
FAQ
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