With China exports of antimony oxide declining by 99.1% last month it is estimated that U.S. inventory of antimony oxide will likely be depleted within the next 6-8 weeks.
Military Metals Corp (CSE: MILI) gained by 2.33% on Friday to $0.88 per share on record volume of 1.56 million shares. This is a very bullish sign of what's to come for MILI during the Trump Administration and the upcoming trade war with China.
On November 15th, MILI closed on its acquisition of three brownfield properties in Slovakia, one tin and two antimony-gold, one of which is Tienesgrund, the other being MILI's flagship antimony-gold project, Trojárová.
From 1983 to 1995, Trojarová underwent extensive exploration both on the surface and underground. This included drilling 63 core holes, totaling 14,330 meters, and 1.7 kilometers of underground development that started in 1990. The underground work involved a 300-meter-long adit connected to a 700-meter drive in the footwall of the mineralized zone, with seven crosscuts for sampling. All of this work resulted in a comprehensive study with drill logs, analysis data, drill plans, maps, sections, deposit models, petrographic studies, metallurgical studies, and more. This research was compiled into a multi-volume report published by the Slovak Geological Institute in 1992.
The resource estimate at Trojarová was classified using the Slovak version of the Russian classification system, which is not directly comparable to Western systems like the CIM (Canadian Institute of Mining, Metallurgy & Petroleum) standards. According to the Slovak Geological Institute, the resource was classified as “P1” in this system. This is similar to the CIM’s “Inferred Mineral Resources,” which are based on limited geological evidence from sources like outcrops, trenches, pits, and drill holes.
MILI's flagship Canadian project, West Gore, once supplied Allied forces during WWI. Recently, the company expanded its holdings near this historic site.
MILI is in the process of acquiring the Last Chance aka Wall Canyon antimony-gold property in Nevada.
Antimony is a key material for armor-piercing ammunition, night vision goggles, infrared sensors, and precision optics. Ongoing conflicts in Ukraine and the Middle East have put additional strain on antimony supply chains, as demand for ammunition and defense technologies rises. Antimony is a necessary material for the U.S. defense industrial base and is therefore critical to national security. The U.S. is reliant on Chinese imports to meet domestic demand for antimony, and these have been cut off!
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.
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