Military Metals Gains Key Position in Antimony Market with West Gore Acquisition

Military Metals Secures Key Antimony Asset Amid Growing Global Demand for Critical Minerals

Editorial Team (ET)May 8, 2025

Military Metals Corp. (CSE: MILI) (OTC Pink: MILIF) (FSE: QN90) announced on September 24, 2024, that it has entered into an asset purchase agreement to acquire the West Gore Antimony Project in Nova Scotia, Canada. The acquisition aligns with Military Metals’ strategic goal of becoming a global player in the critical antimony market. The West Gore project, a historical site of antimony and gold production, brings significant opportunities for the company to advance its portfolio in the critical minerals sector.

Key Details of the Acquisition

Military Metals' purchase of the West Gore Antimony Project involves the acquisition of a series of mineral claims through an agreement with Molten Metals Corp. The project consists of four exploration licenses covering 585 hectares in Nova Scotia’s Meguma gold camp. The transaction includes a cash consideration of CAD $85,000, payable upon closing.

The West Gore Antimony Project, a brownfield asset, holds historical importance as Canada’s most prominent antimony mine during its active production period from 1882 to 1939. The project features an underground mine with extensive stockpiles of mineralized antimony and gold by-product. Historical drilling results have indicated promising high-grade intersections, such as 7.07 meters of 10.6 grams per tonne (gpt) gold and 3.4% antimony.

Strategic Importance of Antimony

Antimony has become increasingly vital due to its diverse industrial applications, particularly in military technology. As global supply chains tighten—exacerbated by China’s export restrictions—the metal’s significance has surged. Military Metals sees the West Gore acquisition as a timely move to capitalize on this critical mineral’s rising demand, especially for military use in munitions, night vision goggles, explosives, and infrared sensors.

"The acquisition of the West Gore Antimony Project demonstrates our strategy of becoming a significant global antimony player to give our shareholders exposure to the attractive metal. Antimony has experienced a recent price increase primarily due to supply constraints, including China imposing export restrictions," said Scott Eldridge, CEO of Military Metals.

With antimony now classified as a critical mineral by multiple governments, including Canada, the U.S., and the EU, Military Metals aims to position itself as a key player in this increasingly important sector. In addition to its military applications, antimony is also used in battery technology, fire retardants, solar energy, and nuclear power plants.

Historical Context of West Gore

The West Gore project’s historical production adds depth to Military Metals' asset portfolio. During its operation from the late 19th century to the early 20th century, the mine was one of the largest antimony producers in Canada. Mining operations at West Gore ceased in 1939 after the first world war disrupted its supply chain, notably when a ship carrying a significant load of antimony ore to Wales was sunk by a torpedo. This loss effectively bankrupted the original mining company.

Despite the halt in production, historical reports suggest that significant run-of-mine (ROM) material was left unprocessed at the surface, awaiting transportation and further processing. Military Metals plans to evaluate these surface stockpiles, tailings, and dumps during the 2024 exploration season. By doing so, the company hopes to assess the tonnage, grade, and processability of these historical stockpiles, which could add significant value to the project.

Next Steps for Military Metals

Military Metals is in the early stages of developing work plans for the 2024 season, with a focus on characterizing and evaluating historical stockpiles and tailings. The company aims to unlock the potential of the West Gore project through systematic exploration and analysis. The ultimate goal is to quantify the resource and determine the viability of resuming production.

This acquisition strengthens Military Metals' growing portfolio of critical minerals projects, positioning the company to take advantage of increasing demand for antimony and gold. The company’s forward-looking strategy is not only designed to benefit from current market conditions but also to provide its shareholders with long-term exposure to essential minerals critical to modern technologies.

Conclusion

The acquisition of the West Gore Antimony Project marks a significant step for Military Metals Corp in advancing its position within the critical minerals market. With a strong focus on antimony, which plays a crucial role in both military and civilian applications, the company is well-positioned to capitalize on current market trends. The West Gore project, with its rich historical significance and untapped potential, presents a promising opportunity for Military Metals to expand its resource base and strengthen its standing in the global antimony market.

Antimony

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