Antimony’s Strategic Leap: Perpetua’s $66.1M and the Israel-Iran Supply Crunch
Perpetua’s Funding Fuels Antimony’s Rise as Israel-Iran Tensions Tighten Global Supply

Antimony, the unsung hero of critical minerals, is suddenly the talk of the town, and it’s not just because of its role in flame retardants or batteries. With global supply chains under strain and geopolitical tensions boiling over, this silvery metalloid is a must-have for defense—think armor-piercing rounds and night-vision tech. The U.S. government’s recent cash splash on Perpetua Resources Corp is a seismic shift for the antimony industry, but throw in the escalating Israel-Iran conflict, and the stakes get even higher. What does this mean for the market and players like Military Metals Corp, grinding it out in Nova Scotia and Europe? Let’s unpack the chaos with a dash of wit and a keen eye on the Middle East.
Perpetua’s Power Play: $66.1 Million to Secure U.S. Antimony
Perpetua Resources Corp is basking in the glow of two major government grants in May 2025. First, a $59.2 million Technology Investment Agreement under the Defense Production Act Title III to supercharge the Stibnite Gold Project in Idaho—the only U.S. source of antimony trisulfide for military munitions (1). Then, on May 28, the U.S. Army chipped in up to $6.9 million to ramp up antimony trisulfide production, bolstering domestic supply chains (2). With over $80 million in Department of Defense backing and a potential $2 billion loan from the Export-Import Bank in the works, Perpetua’s mine could cover 35% of U.S. antimony demand in its first six years (3).
This isn’t just a win for Perpetua—it’s a strategic jab at China, which controls 48% of global antimony production (4). Prices have skyrocketed 192% in 2024, from $13,000 to $38,000 per ton, and hit $51,500 in 2025, driven by China’s export curbs and surging defense demand (5). The U.S., with zero domestic production in 2023, is desperate to break free from Beijing’s grip, and Perpetua’s funding is a bold step toward that goal (6).
