Military Metals Corp Stock Price, News & Analysis

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.

Military Metals Corp. (CSE: MILI) (OTC Pink: MILIF) has signed a binding Letter of Intent to acquire 100% ownership of 1458205 B.C. , a private company holding three brownfield projects in Slovakia. The acquisition includes two antimony-focused properties and one tin project, all located within the European Union. As part of the transaction, Military Metals will issue 10 million common shares, valued at CAD $5.6 million.

The assets include the Trojarova Antimony Project and the Medvedi Tin Project, both containing historical resources from the Soviet era. The company aims to finalize a definitive agreement and close the acquisition by October 2024. This strategic move positions Military Metals as a leading explorer and developer of antimony, a critical mineral essential for battery technology, advanced military systems, and other industrial applications.

Military Metals Corp. (CSE: MILI) (OTC Pink: MILIF) has announced an agreement to acquire the West Gore Antimony Project in Nova Scotia, Canada. This brownfield project, with past production and high-grade drill results, aligns with the company's strategy to become a significant global antimony player. Antimony, classified as a critical mineral by several countries, has seen recent price increases due to supply constraints.

The West Gore project, located in the Meguma gold camp, consists of four exploration licenses covering 585 hectares. It includes an underground mine and large stockpiles of mineralized antimony and gold by-product. The company purchased the mineral claims from Molten Metals Corp. for $85,000 CAD. Military Metals plans to characterize the tonnage, grade, and processability of historical stockpiles, rock dumps, and tailings in the 2024 season.

Military Metals Corp. (CSE: MILI) (OTC Pink: MILIF) (FSE: QN9) has announced significant management changes. Scott Eldridge has been appointed as the new Chief Executive Officer and a member of the Board of Directors, replacing Latika Prasad, who will continue to serve on the board. Eldridge brings 17 years of experience in the mining sector, covering capital markets, finance, M&A, corporate governance, and strategic planning.

Eldridge's background includes co-founding Euroscandic International Group, where he raised over $350 million for project finance. He has held key positions in various mining companies, including CFO of Amarillo Gold and CEO of Canagold Resources. Additionally, Adam Giddens has resigned from the Board of Directors.