Military Metals Corp Stock Price, News & Analysis

Military Metals Corp. (MILIF) has appointed Avrom E. Howard, MSc, PGeo as Vice President of Exploration. Howard brings 40 years of international mineral exploration experience across various commodities and geological settings. His notable achievements include advancing the Alous copper-silver deposit in Morocco and the Tavsan gold deposit in Turkey to production. Howard, who holds degrees from the University of Toronto and University of Colorado at Boulder, will focus on advancing the Trojarova and other antimony projects.

The company has also granted 900,000 stock options to directors, officers, and consultants, exercisable at $0.50 per share for five years, vesting immediately.

Military Metals Corp. (MILIF) has signed a Definitive Agreement to acquire 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.

The property features historical antimony-gold occurrences and a shaft with historical production. The mineralization exists within Paleozoic carbonates and Lower Mesozoic metamorphosed shales and carbonates, with ultramafic dykes and felsic intrusives cutting through the sequence. Following a Letter of Intent signed last month, management added five mining claims to secure potentially prospective ground for their first field campaign planned for Q2/2025.

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.