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United States Antimony kicks off mining operations in Montana
MINING.COM· 2025-10-17 16:06
Core Viewpoint - United States Antimony Corp. has initiated exploration and bulk sampling at the Stibnite Hill mine in Montana, having received necessary permits from the Department of Environmental Quality, marking a significant step in its operations [1][4][7]. Company Operations - The Stibnite Hill mine is adjacent to USAC's Thompson Falls smelter, which processes third-party ore into antimony products and precious metals, making it one of only two smelters in North America owned by the company [2]. - The Thompson Falls smelter has a production capacity of approximately 15 million pounds of antimony oxide or 5 million pounds of antimony metal annually, with ongoing expansion efforts to increase this capacity [3]. Mining Activities - With DEQ approvals, USAC can now process its own mined material, having already transported several loads of antimony ore to a flotation mill for crushing and sampling [4][6]. - The commencement of mining at Stibnite Hill establishes Montana as the base for USAC's first fully integrated antimony operation, with the company acquiring mineral leases and properties in the area [6][7]. Market Performance - Despite the positive developments, USAC's shares fell over 10% amid a broader market selloff, bringing the stock price down to $10.95 and the market capitalization to $1.52 billion [5]. Future Prospects - USAC had initially anticipated its first product from Alaska operations, which cover over 35,000 acres with 120 mining claims, but faced a five-month delay in state permit approvals [8]. - The company secured a $245 million contract from the US Defense Logistics Agency for the supply of antimony metal ingots for the national defense stockpile, indicating strong demand for its products [8].
Bayhorse Silver Submits Silver/Copper/Antimony Concentrate Samples From Its Bayhorse Silver Mine To Allihies Engineering For Antimony Leach Testing
Newsfile· 2025-10-16 14:46
Core Viewpoint - Bayhorse Silver Inc. has submitted flotation concentrate samples from its Bayhorse Silver Mine for antimony leach testing, aiming to enhance the recovery of critical minerals including silver, copper, and zinc through a proprietary leaching process developed by Allihies Engineering [1][5][10]. Group 1: Company Developments - Bayhorse Silver Inc. submitted samples from its silver-copper-antimony rich Bayhorse Silver Mine in Oregon to Allihies Engineering for testing using their proprietary antimony leaching technology [1]. - The company has a 100% interest in the Bayhorse Silver Mine, which has a National Instrument 43-101 inferred resource of 292,300 tons at a grade of 21.65 opt (673 g/t) for 6.3 million ounces of silver [13]. - The Bayhorse exploration model suggests that the mineralization extends to the adjacent Pegasus porphyry copper prospect, indicating potential for further resource discovery [7]. Group 2: Mineral Recovery and Testing - Allihies Engineering's leaching tests on similar mineralization confirmed extraction rates of up to 99% for antimony, which could significantly improve recovery rates for the minerals at the Bayhorse Silver Mine [2]. - The dominant mineralization at the Bayhorse site is primarily tetrahedrite, which is refractory in nature, presenting challenges for silver extraction [3][4]. - Previous metallurgical tests achieved silver/copper concentrate recoveries of 86.7%, resulting in a silver grade of 9,700 g/t, alongside significant copper and zinc recoveries [9]. Group 3: Market Context and Pricing - The silver, antimony, copper, and zinc at the Bayhorse Silver Mine are recognized as critical and strategic minerals in the U.S., with current market prices quoted for antimony at US$8.24/lb, copper at US$4.65/lb, zinc at US$1.40/lb, and silver over US$52/oz [5]. - The company plans to review the pricing of all recoverable metals in future cost/benefit analyses for proposed mining operations [5][6]. Group 4: Operational Insights - The company has established a processing facility capable of handling up to 200 tons/day, utilizing a Steinert Ore-Sorter to reduce waste rock by up to 85% [13]. - The successful implementation of the Allihies leaching process could significantly alter the company's original cost-benefit calculations regarding mining operations [6][10].
MEDIA ADVISORY: Perpetua CEO to Join FOX Business to Discuss China, Critical Minerals
Prnewswire· 2025-10-14 21:59
Core Insights - Perpetua Resources Corp. is set to discuss critical minerals and the Stibnite Gold Project on FOX Business Network, highlighting the importance of antimony in U.S. defense needs [1][2]. Company Overview - Perpetua Resources focuses on the exploration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of Idaho, with the Stibnite Gold Project being one of the highest-grade open pit gold deposits in the U.S. [4]. - The project aims to restore an abandoned mine site while producing gold and the only mined source of antimony in the U.S., which is crucial for various defense applications [4]. Upcoming Events - Jon Cherry, President and CEO of Perpetua Resources, will appear on FOX Business on October 15, 2025, at 7:30 am ET to discuss the company's initiatives and the significance of China's control over rare earth and critical minerals [1][2][3]. - The early works construction for the Stibnite Gold Project may commence as soon as next week, indicating progress in the project timeline [2].
Nova Minerals Engaged Ahead of High-Level Critical Minerals Talks with U.S. President Donald Trump
Globenewswire· 2025-10-14 10:30
Core Insights - Nova Minerals Limited has been invited to provide an update on its Estelle Gold and Critical Minerals Project in Alaska ahead of a high-level meeting between Australian Prime Minister Anthony Albanese and U.S. President Donald Trump, focusing on critical minerals and strategic resource cooperation [1][9] - The Estelle Project is strategically important due to its significant gold and antimony resources, with the U.S. Department of War awarding Nova a US$43.4 million grant to support the development of a domestic antimony supply chain [3][5][10] Strategic Engagement with Governments - Nova is preparing to present details on its U.S. investments, including the Estelle Project's key minerals and planned expansions, highlighting its strategic importance in the context of U.S.-Australia collaboration on critical minerals [4][9] - The Estelle Project is located in Alaska's Tintina Gold Belt, recognized for its substantial gold and antimony assets, with antimony recently added to the U.S. Department of the Interior's Draft 2025 Critical Minerals List [4][10] Project Overview - The Estelle Project covers 514 km² and contains one of the world's largest undeveloped gold deposits, featuring over 20 advanced gold and antimony prospects across a 35 km mineralized corridor [6][19] - The project is positioned near significant infrastructure and aligns with regional development initiatives, including a proposed antimony refinery at Port MacKenzie, which has secured a 42.81-acre land use permit [7][19] Market Context - Antimony is increasingly recognized as a critical mineral for defense and high-tech applications, with growing demand driven by its use in munitions and energy systems [10] - The U.S. government's support for domestic critical minerals projects, including funding and advanced permitting, underscores the strategic importance of Nova's plans for antimony production [10][9]
Americas Gold and Silver Partners with Lot Sixteen to Advance Engagement with the U.S. Government on Antimony Processing Initiatives for Its Currently Producing Antimony Mine, Galena
Newsfile· 2025-10-14 10:30
Core Viewpoint - Americas Gold and Silver Corporation is advancing its engagement with the U.S. Government to support antimony production and the construction of a dedicated processing plant in Idaho's Silver Valley, leveraging its position as the only antimony producer in the United States [1][4][6]. Group 1: Company Overview - Americas Gold and Silver Corporation is the only antimony producer in the United States and operates the Galena mine complex in Idaho, which has been producing antimony for over 80 years [1][4]. - The company has increased its ownership in the Galena Complex from 60% to 100% in December 2024, solidifying its position as a significant silver and antimony producer [7]. - The company is fully funded to execute its growth plans and aims to become one of the top North American silver and antimony mining companies [7]. Group 2: Strategic Initiatives - The company has engaged Lot Sixteen, a D.C.-based government relations firm, to facilitate discussions with the U.S. Government regarding support for antimony production and processing initiatives [1][3]. - Americas is evaluating the construction of a new antimony processing facility to process its current production and potentially accept feed from other sources, aiming to create a domestic hub for antimony production [5][6]. - The company emphasizes the importance of antimony as a federally-recognized critical mineral with applications in defense, energy, and manufacturing sectors [4][6].
This Little-Known Stock Just Got a Huge Pentagon Boost. Should You Buy Its Shares Here?
Yahoo Finance· 2025-10-06 13:55
The growing demand for antimony is creating unprecedented opportunities for companies operating in the antimony industry. This growth is likely to persist for years to come, as antimony alloys have key applications in lead-acid batteries for military vehicles, as flame retardants in military uniforms, and in semiconductors for military equipment. According to one report, the antimony market is expected to reach $6.54 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.9%. Against this ba ...
U.S. Department of War Awards $43.4M to Alaska Range Resources to Secure Antimony Supply
Globenewswire· 2025-10-01 10:30
Core Viewpoint - Nova Minerals Limited's U.S. subsidiary, Alaska Range Resources, LLC, has been awarded US$43.4 million in funding to produce antimony trisulfide, enhancing the U.S. defense supply chain [1][2][4]. Group 1: Funding and Project Development - The funding will accelerate the development of a fully integrated U.S. antimony supply chain to produce military-grade antimony trisulfide [2]. - This award will support the initial phase of establishing a state-of-the-art antimony mining and refining hub in Alaska [4]. Group 2: Strategic Importance - The project aims to secure a domestic supply chain for munitions and other defense products, contributing to national security [3]. - The Estelle Project is positioned to play a central role in supplying critical materials, with support from various local and state leaders [5]. Group 3: Project Overview - The Estelle Project encompasses 514 km of mining claims in Alaska, featuring multiple advanced gold and antimony prospects [6]. - The project is located in the Tintina Gold Belt, known for its significant gold and antimony deposits, and historical production [6].
United States Antimony (NYSEAM:UAMY) 2025 Conference Transcript
2025-09-30 16:02
Summary of United States Antimony Corporation Conference Call Company Overview - **Company Name**: United States Antimony Corporation (Ticker: UAMY) - **Founded**: 1968, went public in the late 2000s, listed on NYSE American in 2012 [2][3] - **Current Management**: New management team led by CEO Gary C. Evans since two years ago, with a complete overhaul of the management and board [3] Industry Context - **Antimony Supply**: China announced a cut-off of global antimony supply, significantly impacting U.S. industries that have relied on cheap Chinese imports for decades [4][9] - **Critical Mineral Status**: Antimony is classified as a critical mineral by the U.S. Department of Defense, essential for various defense applications [6][8] Key Developments - **Mining Operations**: - First mining permit received for the Mohawk mine in Fairbanks, Alaska, with mining operations beginning shortly after [6][25] - Reactivation of the Madero smelter in Mexico and reopening of the Montana mine, marking the first antimony mining in the U.S. in over 40 years [5][8] - **Revenue Growth**: The company has seen consistent revenue and income growth quarter over quarter and year over year [5][35] Strategic Initiatives - **Vertical Integration**: The company aims to become vertically integrated to leverage its assets effectively, including expanding claims in Alaska [3][5] - **Government Contracts**: - Anticipated significant contracts with the U.S. Department of Defense, including a $245 million contract for 8 million pounds of antimony ingot bars over five years [15][16] - Received a $400,000 grant to produce mill spec material for antimony [12] Market Dynamics - **Price Fluctuations**: Antimony prices have surged from around $5 per pound to approximately $30 per pound, driven by supply constraints and increased demand [19] - **Global Supply Control**: China and Russia control 60% of the raw material globally, with China dominating downstream production [9][17] Operational Capacity - **Production Capacity**: - Montana facility engineered for 300 tons per month, currently operating at around 100 tons per month, with plans to ramp up to over 400 tons by year-end [10][11] - Madero smelter in Mexico has a capacity of 200 tons per day, with potential for expansion [11] Future Outlook - **Expansion Plans**: Continued focus on expanding operations in Alaska and Mexico, with ongoing negotiations for international agreements for antimony sourcing [37] - **Diversification**: The company is also exploring claims in other critical minerals like cobalt and tungsten, aligning with U.S. government priorities [27][28] Additional Insights - **Zeolite Operations**: The company has a zeolite mine with a 100-year supply, exploring applications in water treatment, agriculture, and concrete production [29][30][32] - **Environmental Considerations**: Zeolite is being positioned as a solution for nuclear remediation and water purification, with ongoing discussions with the EPA [30][31] Financial Performance - **CapEx Investments**: Recent capital expenditures of $17 million for expansion, with expectations of reimbursement through government grants [36] - **Market Capitalization**: The company has seen a significant increase in market cap, with expectations of further growth [38] Conclusion - United States Antimony Corporation is strategically positioned to capitalize on the growing demand for antimony and other critical minerals, with a robust operational framework and strong government alignment. The company is focused on expanding its mining capabilities and securing its supply chain in response to global market dynamics.
NevGold Releases Significant Oxide Gold-Antimony Results: 11.41 g/t AuEq Over 6.1 Meters (10.60 g/t Au And 0.18% Antimony) Within 2.19 g/t AuEq Over 56.4 Meters (1.74 g/t Au And 0.10% Antimony) at the Limousine Butte Project, Nevada
Globenewswire· 2025-09-25 12:00
Vancouver, British Columbia, Sept. 25, 2025 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce further significant historic oxide gold-antimony (“Antimony”, “Sb”) results at its Limousine Butte Project (the “Project”, “Limo Butte”) in Nevada. The Company continues to expand the gold-antimony potential of the Project, highlighting its promising prospects for further exploration and development in Nevada, one of the world’s prolific ...
Red Mountain Mining to Acquire Yellow Pine Antimony Project in Historical Stibnite Mining District
Small Caps· 2025-09-25 00:58
Core Insights - Red Mountain Mining has acquired 29 claims for the Yellow Pine antimony project in Idaho, complementing its recent acquisition of the Utah antimony project [1][2] - The Yellow Pine project is located within 2 kilometers of Perpetua Resources' Stibnite gold-antimony project, which has a proven and probable reserve of 4.8 million ounces of gold and 148 million pounds of antimony [2] - The acquisition was made through direct staking with the US Bureau of Land Management for a total consideration of $52,000, funded by internal resources [2] Geological Profile - Historical mapping indicates that the Yellow Pine claims have a similar geological profile to Perpetua's project area, featuring folded Ordovician to Cambrian metasediments intruded by Idaho Batholith granite [3] - Evidence of historical mining activity exists in the claims area, although no modern exploration has been conducted [3] Exploration Plans - Red Mountain's geologists have identified two historical workings that target brecciated quartz veins, likely seeking gold and/or antimony [4] - The initial exploration program will focus on mapping and sampling a northeast-striking fault to demonstrate evidence of antimony-gold mineralization, which will be targeted for drill testing [4] Historical Context - The Stibnite mining district was a significant source of antimony in the early 20th century, with 39,930 tonnes produced at the Yellow Pine and Hangar Flats deposits from 1932 to 1952 [5] - The Stibnite project's proven and probable reserve includes 104 million tonnes at 1.33 grams per tonne gold and 0.06% antimony, equating to 4.8 million ounces of gold and 148 million pounds of antimony [5] Industry Activity - Resolution Minerals, which owns the Horse Heaven antimony project near Perpetua's claims, recognizes the exploration potential of the district [6] Funding Strategy - Red Mountain plans to fund exploration at the Yellow Pine and Utah projects through a $1.5 million share placement, issuing 60 million shares at $0.013 each [7] - The share issuance represents a 4.6% discount to the company's five-day volume weighted average price, with additional shares subject to shareholder approval [7]