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About Military Metals Corp
Military Metals Corp (CSE: MILI, OTCQB: MILIF, FSE: QN90) is a publicly listed mineral exploration company headquartered in British Columbia, Canada. The company specializes in the acquisition, exploration, and development of mineral properties with a strategic focus on critical minerals, particularly antimony, a metal essential for defense, energy storage, and advanced manufacturing applications. By targeting high-grade antimony deposits, Military Metals addresses the growing demand for secure and sustainable supply chains for critical minerals, especially in light of global geopolitical tensions and supply chain vulnerabilities.
Core Business Focus
Military Metals has established itself as a key player in the critical minerals sector by acquiring and advancing a diverse portfolio of brownfield mineral projects. These projects are located in politically stable and mining-friendly jurisdictions, including Slovakia, Nova Scotia, and Nevada. The company's flagship property, the Trojarová Antimony-Gold Project in Slovakia, is one of Europe’s most significant historical antimony deposits. The project benefits from extensive historical exploration, including over 14,330 meters of drilling and 1.7 kilometers of underground development. Military Metals is actively working to classify the historical resource into a current mineral resource under NI 43-101 standards.
Strategic Acquisitions
- Trojarová Antimony-Gold Project (Slovakia): A brownfield project with extensive historical data, located near the historical Pezinok mine. It is considered a high-grade antimony deposit with gold as a by-product.
- West Gore Antimony-Gold Project (Nova Scotia): A historically significant producer of antimony during World War I, now positioned for modern exploration and development.
- Last Chance Antimony-Gold Property (Nevada): Located near Kinross’s Round Mountain gold mine, this property offers significant exploration potential for structurally controlled antimony-gold mineralization.
Industry Context and Market Position
Antimony is classified as a critical mineral by the United States, Canada, the European Union, and the United Kingdom. It is indispensable in applications such as battery technologies, flame retardants, and advanced military equipment. With over 90% of global antimony reserves concentrated in China, Russia, and Tajikistan, Military Metals aims to reduce Western reliance on these regions by developing domestic and allied sources of antimony. This strategic positioning aligns with initiatives like the EU’s Critical Raw Materials Act and the USA Defense Production Act, which prioritize the development of critical mineral supply chains.
Business Model and Revenue Streams
The company generates value through the exploration and development of mineral assets, focusing on resource estimation and feasibility studies. By leveraging historical data and modern exploration techniques, Military Metals accelerates the resource classification process, reducing time and costs. The company’s strategy includes engaging top-tier geological consulting firms, such as SLR Consulting, to ensure compliance with international reporting standards like NI 43-101.
Competitive Advantages
- Strategic Asset Portfolio: A diversified portfolio of high-grade antimony and gold projects in top jurisdictions.
- Historical Data Utilization: Leveraging extensive historical exploration data to expedite resource classification and reduce exploration risk.
- Geopolitical Relevance: Positioned to benefit from Western initiatives to secure critical mineral supply chains.
- Expertise: A strong technical team with experience in mineral exploration and resource estimation.
Challenges and Opportunities
While Military Metals faces challenges such as regulatory compliance, resource verification, and market competition, its focus on antimony—a metal with limited global production outside China—provides a unique opportunity. The company’s proactive approach to acquiring and developing projects in stable jurisdictions strengthens its market position.
Conclusion
Military Metals Corp is a forward-thinking mineral exploration company addressing critical global needs for secure and sustainable mineral supplies. Its strategic focus on antimony, combined with a strong asset portfolio and technical expertise, positions it as a significant player in the critical minerals sector. By advancing its projects through modern exploration techniques and compliance with international standards, the company aims to unlock substantial value for its stakeholders.
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) has completed additional claim staking around 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. CEO Scott Eldridge highlighted that antimony prices have reached $38,000 USD per tonne, making it 2024's top-performing commodity. The surge is attributed to China's export restrictions implemented September 15, 2024. The property contains historical antimony-gold occurrences within Paleozoic carbonates and Lower Mesozoic metamorphosed shales. The company plans its first field campaign for Q2/2025.
Military Metals Corp (CSE:MILI) has invited tenders for a mineral resource estimation at its Trojarová antimony-gold property in Slovakia. Three technically qualified companies were selected to submit bids by December 20, 2024. The project aims to digitize historical Soviet-era data, verify historical estimates, and develop recommendations for new drilling programs. The final goal is to prepare a maiden mineral resource estimate compliant with current industry standards. The company expects to select a contractor by year-end, capitalizing on high antimony prices and demand to enhance shareholder value.
Military Metals Corp. has provided details about its recently acquired Tienesgrund antimony-gold project in eastern Slovakia. The property spans 13.40 square kilometers and extends over 12.5 kilometers, located 20 kilometers from Roznava. The site features over two-dozen historical adits and underground operations, with mining activities dating back to the early 1800s. Soviet-era reports (1943-1989) document antimony production during both world wars. Recent surface work revealed structurally-controlled antimony-gold veins with samples showing several percent antimony and multiple grams per tonne gold. The property also contains tungsten, with historical grades ranging from 0.03-0.32%, alongside antimony grades of 1.57-11.00% in the Rosabella adit.
Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) has completed the acquisition of brownfield antimony projects in Europe through an amalgamation transaction. The deal involved Military's wholly-owned subsidiary 1509149 B.C. merging with 1458205 B.C. , resulting in Military acquiring 100% of the amalgamated entity. As part of the transaction, Military issued 10 million common shares at a deemed price of $0.56 per share to the target company's shareholders. The company will not assume previously contemplated share purchase warrants obligations. The issued shares are free from resale restrictions under Canadian securities laws.
Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) has signed a Letter of Intent to acquire the Last Chance antimony-gold property in Nye County, Nevada from Amador Mining The past-producing property is located 18km west of the Round Mountain Gold Mine and has historical antimony production dating back to 1915, with activity during both World Wars and in 1957-58. The acquisition covers 5 unpatented mineral claims for $45,000 USD and includes a 2% Net Smelter Royalty. The company has provided a $10,000 USD exclusivity deposit and plans to enter a definitive agreement within 30 days. Military plans to conduct detailed surface mapping, sampling, and drilling to test the system's potential.
Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) has appointed Mark Saxon to its Board of Directors as an independent director, expanding the board to five seats. Saxon brings 30 years of experience in exploration and resource geology, with recent focus on CEO roles in Canadian and Australian public companies. He holds a First Class Bachelor of Science in geology from the University of Melbourne and has extensive experience in critical raw materials. The company has granted Saxon 200,000 common share stock options at $0.95 per share, vesting immediately with a 5-year term. Additionally, Military Metals completed a bore hole EM geophysical survey at its Manson Bay Project, with results pending.
Military Metals Corp. (CSE: MILI) has entered into a definitive agreement to acquire antimony deposits in Slovakia through a three-cornered amalgamation with 1458205 B.C. The acquisition includes two antimony projects and one tin project with historical resources. The strategic move aims to strengthen Europe's access to essential raw materials and reduce dependence on Chinese imports. CEO Scott Eldridge highlighted the significance of the brownfield site in establishing a reliable domestic antimony supply amid Europe's mounting supply chain pressures.
Military Metals Corp. (CSE: MILI) (OTC Pink: MILIF) announces its common shares approval for trading on the OTCQB Venture Market effective October 30, 2024. The company, which began trading on OTC Pinks on December 7, 2023, will maintain its listings on the Canadian Securities Exchange (MILI) and Frankfurt Stock Exchange (QN90). CEO Scott Eldridge highlights that the OTCQB listing aims to provide easier access for US investors and enhance liquidity. Additionally, the company announces the engagement of former CEO Adam Giddens as an Advisor.
Military Metals Corp (CSE: MILI) has signed a binding LOI to acquire additional claims around its West Gore Antimony Project in Nova Scotia, Canada. The acquisition adds 388 hectares to the existing 585 hectares, covering the entire antimony-gold mineralized system. The company has a three-year option to acquire 100% interest for $235,000 with a 3% NSR. The West Gore mines, operational from 1883 to 1917, produced over 7,000 metric tons of antimony concentrate and 6,900 ounces of gold. Historical high-grade drill results include 7.07 metres of 10.6 gpt gold and 3.4% antimony.
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