Military Metals (CSE: MILI) has broadened its search for critical mineral assets beyond Canada, signing a deal to acquire three brownfield projects in Slovakia. The newly acquired projects include two antimony-focused sites and one tin-focused site. This move aligns with the company’s goal of becoming a leading explorer and developer of critical minerals essential for battery technology and advanced industrial applications.
Under the letter of intent, Military Metals will acquire these Slovakian projects by issuing 10 million shares, valued at C$5.6 million. The company’s stock rose by 4%, reaching C$0.78 per share with a market capitalization of C$25.5 million by noon ET on Monday.
The key asset is the Trojarova antimony project, located near Pezinok in western Slovakia, which was heavily explored during the Soviet era. Historical data indicates a resource of 415,000 tonnes grading 0.162% antimony and 1.148 g/t gold. Military Metals plans to verify these figures with modern drilling to meet NI 43-101 compliance standards.
Also included is the Medvedi tin project, which has a historical reserve estimate of 863,000 tonnes grading 0.19% tin. The third acquisition, Tiennesgrund, is another antimony project with a 10-kilometer fault-hosted vein system, though no resource estimate has yet been published for this site.
Military Metals CEO Scott Eldridge emphasized that these acquisitions strategically position the company as a leading player in the critical minerals sector, particularly for antimony. He highlighted the importance of Slovakia’s strong mining infrastructure and the alignment with the European Union’s Critical Raw Materials Act, which could provide access to EU funding.
This acquisition follows Military Metals’ recent purchase of the past-producing West Gore antimony project
