Antimony prices are up by 200% in 2024 year-to-date as China has restricted exports.
With Trump likely to issue tariffs as soon as he enters office, it will create a trade war with China, and antimony prices are likely to continue going a lot higher.
Military Metals (CSE: MILI) or MILIF on the U.S. OTC has been acquiring antimony projects across Europe and Canada to capitalize and has a plan to bring new antimony supply onstream to protect the U.S. and other NATO countries.
In Slovakia, Military Metals boasts two antimony projects, including one historically producing mine and one brownfield project with a large historical resource.
In Canada, Military Metals is sitting on a historical antimony/gold project that serviced the needs of the Allies in WWI, the West Gore past-producing antimony project in Nova Scotia.
Perpetua Resources (PPTA) has seen its market cap soar to $916 million in recent months and Military Metals is trading for a tiny fraction of PPTA's valuation!
NIA likes MILI here at $0.86 per share.
Antimony is used in the production of military-grade ammunition and explosives. Antimony is often incorporated into the composition of explosive materials, such as primers and propellants, to enhance their performance. It can also help stabilize explosives, making them more reliable and effective.
China accounts for 80%-90% of global antimony production and we must think ahead as to what Trump's Trade War will do to antimony prices in the upcoming months.
The U.S. doesn't produce a significant amount of antimony anymore!
Last week, MILI signed a letter of intent with Amador Mining LLC, to acquire the past-producing Last Chance aka Wall Canyon antimony-gold property located in Nye County Nevada.
The property is located 18km (11 miles) due west of the Round Mountain Gold Mine and is accessible by road NF-157 that runs west from Highway 376 into the Toiyabe National Forest. The nearest town is Tonopah. The elevation at the historical mineshaft on the property is just under 8,000 feet above sea level. Prospecting for gold in the area – the Jett Mining District, dates back to the 1870s, leading to the discovery of the Last Chance historical antimony mine. First recorded production of antimony was in 1915 with mining activity recorded throughout both World War One and Two and then in 1957-58, as well. Mostly gold-focused exploration work by the United States Geological Survey and Nevada Bureau of Mines during the 1980s further documented antimony and associated gold mineralization in the area, leading to the development of a small (historical) low-grade gold resource.
Historical mining and drill data indicate that antimony mineralization is both structurally and stratigraphically controlled, hosted in faults and receptive carbonate units, in quartz veins that crosscut gold-mineralized zones indicating that it is part of a younger mineralizing event. Dikes of serpentinized ultramafics are known nearby although this relationship may be more rheological versus metallogenic (exploiting the same structures), given what is known about the age and metallogenesis of epithermal gold deposits in the region.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from MILI of US$30,000 cash for a three-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
Preparing Americans for Hyperinflation
