MINEX Forum

Tag: Military Metals

  • Slovakia Revokes Military Metals’ Trojarova Antimony Licence Without Explanation, Sending Shares Down 60%

    Slovakia Revokes Military Metals’ Trojarova Antimony Licence Without Explanation, Sending Shares Down 60%

    Military Metals Corp has suffered a potentially devastating setback at its flagship European asset after Slovakia’s Ministry of the Environment revoked the exploration licence for the Trojarova antimony-gold project near Bratislava without providing clear justification — a decision that sent the company’s shares sliding by up to 60% to a 52-week low on Friday.

    The revocation is particularly striking given its timing and context. The ministry’s decision came just weeks after Military Metals filed the NI 43-101 technical report supporting a maiden inferred mineral resource estimate of 6.5 million tonnes grading 1.02% antimony and 1.06 grams per tonne gold, containing 67,000 tonnes of antimony and 222,000 ounces of gold. The MRE had been published on 8 April, with analyst Christopher Ecclestone of Hallgarten & Company highlighting its strategic importance for Europe’s critical minerals needs and the value of the project’s existing Soviet-era underground infrastructure. The licence revocation also came despite Trojarova having been listed in Slovakia’s own National Program for the Exploration of Critical Mineral Raw Materials.

    Military Metals has announced it will appeal the decision within the 15-day statutory window and pursue all available legal options. The company described the revocation as inconsistent with Europe’s stated goals for secure critical mineral supply chains — a pointed observation given that antimony has been subject to Chinese export controls since September 2024, causing prices to double and exposing Western defence and semiconductor supply chains to acute vulnerability.

    Trojarova’s strategic case rests on antimony’s role in hardening lead for ammunition, flame retardants in military equipment, infrared detectors, semiconductors and next-generation batteries. The project’s location near Bratislava and its extensive historical workings were seen as advantages that could accelerate development and reduce costs relative to greenfield projects.

    While the legal battle proceeds in Slovakia, Military Metals is continuing exploration at its North American assets — the Last Chance antimony property in Nye County, Nevada, with a history of production, and the West Gore antimony-gold property in Nova Scotia, which produced during the First World War.

  • Military Metals Targets Strategic Antimony-Gold Potential in Slovakia’s Tiennesgrund Project

    Military Metals Targets Strategic Antimony-Gold Potential in Slovakia’s Tiennesgrund Project

    Military Metals (CSE: MILI) says its Tiennesgrund Antimony-Gold Project in eastern Slovakia could play a key role in bolstering Europe’s strategic resource independence. Following a preliminary field inspection and historical data review, CEO Scott Eldridge highlighted the project’s potential to strengthen domestic supply chains for critical minerals under the European Union’s Critical Raw Materials Act.

    “Antimony is listed as a critical raw material under the EU’s CRMA, and our project has potential to support the continent’s ambition to secure domestic supply chains for essential minerals,” Eldridge said. “We’re proud of the possibility that we may contribute to Europe’s resilience in the face of global resource volatility and will seek to help power the technologies that drive the green and defence sectors.”

    The 13 km-long, 0.8–1.4 km-wide property hosts numerous historical adits, where mineralised material remains visible in waste dumps. Historical sampling indicates antimony grades between 2.5% and 39.4%, and gold grades from 0.07 g/t to 9.6 g/t.

    A field campaign is planned for October 2025 to study structural controls of mineralisation and define drill targets. The program will include trenching, sampling, and mapping, with drill testing to follow where results indicate significant concentrations of antimony and gold.

    Military Metals, based in British Columbia, focuses on acquiring and advancing mineral projects with a particular emphasis on antimony, a metal critical to batteries, renewable energy systems, flame retardants, and advanced technologies such as liquid metal batteries and solar panels.

    Antimony prices have remained stable since July, with Shanghai Metals Market data showing No.1 ingot prices between ¥185,000 and ¥188,000 ($39,456–$40,092) per tonne.

  • Military Metals Targets Strategic Antimony-Gold Potential in Slovakia’s Tiennesgrund Project

    Military Metals Targets Strategic Antimony-Gold Potential in Slovakia’s Tiennesgrund Project

    Military Metals (CSE: MILI) says its Tiennesgrund Antimony-Gold Project in eastern Slovakia could play a key role in bolstering Europe’s strategic resource independence. Following a preliminary field inspection and historical data review, CEO Scott Eldridge highlighted the project’s potential to strengthen domestic supply chains for critical minerals under the European Union’s Critical Raw Materials Act.

    “Antimony is listed as a critical raw material under the EU’s CRMA, and our project has potential to support the continent’s ambition to secure domestic supply chains for essential minerals,” Eldridge said. “We’re proud of the possibility that we may contribute to Europe’s resilience in the face of global resource volatility and will seek to help power the technologies that drive the green and defence sectors.”

    The 13 km-long, 0.8–1.4 km-wide property hosts numerous historical adits, where mineralised material remains visible in waste dumps. Historical sampling indicates antimony grades between 2.5% and 39.4%, and gold grades from 0.07 g/t to 9.6 g/t.

    A field campaign is planned for October 2025 to study structural controls of mineralisation and define drill targets. The program will include trenching, sampling, and mapping, with drill testing to follow where results indicate significant concentrations of antimony and gold.

    Military Metals, based in British Columbia, focuses on acquiring and advancing mineral projects with a particular emphasis on antimony, a metal critical to batteries, renewable energy systems, flame retardants, and advanced technologies such as liquid metal batteries and solar panels.

    Antimony prices have remained stable since July, with Shanghai Metals Market data showing No.1 ingot prices between ¥185,000 and ¥188,000 ($39,456–$40,092) per tonne.

  • Military Metals Completes Acquisition of Antimony Projects in Slovakia

    Military Metals Completes Acquisition of Antimony Projects in Slovakia

    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.

  • Military Metals Expands to Slovakia with Acquisition of Antimony and Tin Projects

    Military Metals Expands to Slovakia with Acquisition of Antimony and Tin Projects

    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