7 items across 10 digests
Perpetua Resources secured a $2.9 billion loan for its Idaho antimony project development. This financing represents one of the largest investments in US critical mineral production capacity outside of lithium and rare earth projects.
Canagold Resources' New Polaris Gold Antimony Project was added to British Columbia's priority project list. This matters to supply chain analysts as antimony is a critical mineral used in flame retardants and military applications, and new production sources could reduce supply chain risks.
Canada has only a handful of meaningful antimony projects, most tied to gold systems, and lacks a clear domestic route from mine to metal production. This gap becomes critical as geopolitical tensions with Iran highlight the strategic importance of defence metals for military applications.
United States Antimony restarted mining operations in Montana after extracting approximately 800 tons of antimony ore in the previous year's mining period. This domestic production restart is significant for supply chain security as antimony is critical for flame retardants, batteries, and military applications, with China controlling over 60% of global supply.
New Brunswick is seeking private partners to revive a US$1 billion antimony mine project. This initiative addresses critical mineral supply security as antimony is essential for defense applications and flame retardants.
Nevgold reported positive antimony-gold drill results in Nevada and plans a resource estimate. Antimony is a critical mineral for defense applications and flame retardants, with supply chain vulnerabilities.
US Antimony received $27 million in Defense Production Act funding to modernize and expand its Montana facility. This investment strengthens domestic production of antimony, a critical mineral used in semiconductors, batteries, and defense applications.
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