Military Metals Corp. (CSE: MILI) has successfully finalized the acquisition of three antimony exploration projects in Slovakia, following the amalgamation of its subsidiary, 1509149 B.C. Ltd., with 1458205 B.C. Ltd. This acquisition gives Military Metals 100% ownership of the three projects: the Trojarová antimony-gold project, the Tiennesgrund antimony-gold project, and the Medvedi tin project.
As part of the transaction, Military Metals issued 10 million common shares at a deemed price of $0.56 per share to the shareholders of the acquired company. Notably, the company decided not to assume the obligations related to share purchase warrants that were previously outlined in the agreement.
The Trojarová project, initially explored in the late 1970s, holds historical resource estimates that the company plans to verify through drilling and subsequent technical reports. Military Metals intends to conduct a National Instrument 43-101 compliant report on the Trojarová site, with the goal of reclassifying the historical estimates into current resources.
Alongside this acquisition, Military Metals is also strengthening its marketing efforts, entering into several investor relations agreements to increase its presence in the German-speaking market and enhance its visibility through digital and media platforms.
This acquisition marks a significant expansion for Military Metals, positioning the company to tap into Slovakia’s promising mineral resources, particularly in the antimony sector.
