Hertz Energy Acquires Digital Database for Historic Lake George Antimony Mine, New Brunswick, Canada

Core Viewpoint - Hertz Energy Inc. has acquired a comprehensive digital geological and technical database related to the historic Lake George Antimony Mine, aiming to enhance its bid for the mine and support future exploration efforts [1][3][16]. Acquisition of Database - The acquired database consolidates decades of historical exploration, mining, and technical work at the Lake George Antimony Mine, providing a modern foundation for future evaluations and exploration planning [9][10]. - It includes a fully integrated 3D geological and mine model, historical drill hole data, and supporting files from a 2014 historical mineral resource estimate [10][11][12]. Historical Context of Lake George Mine - The Lake George Antimony Mine was North America's largest primary antimony producer, operating from the 1870s until its closure in 1996 due to poor market conditions [2][4]. - The mine produced 20,220 tonnes of antimony from 1876 to 1990, with operations ceasing primarily due to declining prices rather than resource depletion [4][20]. Future Plans and Exploration - Hertz Energy plans to submit an aggressive bid to acquire the Lake George Antimony Mine when it is put up for tender by the Province of New Brunswick [3][17]. - The company will conduct a thorough review of the acquired database and execute an exploration program on its 100%-owned mineral claims surrounding the mine [17][21]. Strategic Importance of Antimony and Tungsten - Antimony and tungsten are designated as critical minerals in Canada, essential for various strategic and industrial applications [17][24]. - The global market for antimony is experiencing significant price increases due to supply constraints, particularly following China's export restrictions [26][27]. Project Overview - The Lake George Antimony-Tungsten-Gold Project encompasses approximately 2,104 hectares and is strategically located around the historical mine site [18][24]. - The project is positioned within a well-developed mining jurisdiction with excellent infrastructure, enhancing its potential for future exploration and development [24][31].