Welcome to our dedicated page for MILITARY METALS news (Ticker: MILIF), a resource for investors and traders seeking the latest updates and insights on MILITARY METALS stock.
Military Metals Corp. (CSE: MILI, OTCQB: MILIF, FSE: QN90) generates a steady stream of news tied to its focus on antimony and antimony-gold exploration projects. The company is a British Columbia-based mineral exploration issuer whose updates frequently center on its flagship Trojarová Antimony Gold Project in Slovakia, as well as its West Gore project in Canada and Last Chance property in Nevada.
News releases from Military Metals cover technical milestones such as the commencement and results of definition drilling at Trojarová, including detailed assay intervals for antimony and gold. The company also reports on historical resource context, engagement of independent consultants for modern mineral resource estimates, and the buyback of a 1% net smelter royalty on its Slovakian portfolio, which includes Trojarová, Tiennesgrund and Medvedi Potok.
Investors following MILIF news can expect updates on exploration programs, soil geochemical surveys, structural geology field work, and the identification of new anomalies or drill targets at West Gore and Last Chance. The company’s releases also discuss collaborations, such as its Cooperation Agreement with the University of Košice in Slovakia, and corporate developments including private placements, stock option grants, performance stock units and the proposed adoption of a shareholder rights plan.
This news feed aggregates these disclosures so readers can track how Military Metals advances its antimony-focused portfolio, responds to critical minerals policy discussions, and manages its capital markets and corporate governance activities over time.
Military Metals Corp (MILIF) has selected SLR Consulting to conduct mineral resource estimation work at its Trojarová antimony-gold project in Slovakia. SLR will model the historical resource, advise on twin and infill holes requirements for resource classification, and perform a formal Mineral Resource Estimate post-drilling.
The Trojarová project, discovered nearly 50 years ago, underwent extensive exploration between 1983-1995, including 63 core holes totaling 14,330 meters and 1.7 kilometers of underground development. The company's Slovakian team is currently digitizing and translating historical drill logs and data.
Additionally, Military Metals has engaged Tafin GmbH for investor relations services focused on the German market for a two-month term at EUR 200,000 (CAD$297,420), and Freedom Financial Research for a 10-day marketing campaign at US$75,000.
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) has provided a summary of its 2024 activities and outlook for 2025. The company entered the antimony market in September 2024 and has built a portfolio of brownfield antimony projects with high antimony-to-gold ratios. Antimony prices surged 192% from $13,000 to $38,000 USD per tonne in 2024.
The company's key acquisitions include the Trojarová Project in Slovakia, the West Gore Project in Nova Scotia, and the Last Chance Project in Nevada. For 2025, MILIF plans to focus on Trojarová, aiming to publish a NI-43-101 resource estimate followed by a Preliminary Economic Assessment. The company has received multiple bids from global firms for the resource estimate work.
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.