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International Tower Hill Mines Provides Progress Report on Antimony Metallurgy Study at the Livengood Gold Project
Prnewswire· 2025-09-04 20:05
VANCOUVER, BC, Sept. 4, 2025 /PRNewswire/ - International Tower Hill Mines Ltd. (the "Company") - (TSX: ITH) (NYSE American: THM) today announced that it has received encouraging results from the first phase of the metallurgical study on antimony mineralization at the Livengood Gold Project that was announced on March 4, 2025. The Company's most recent S-K 1300 Technical Report Summary, "Pre-Feasibility Study of the Livengood Gold Project", as amended October 13, 2023, presented a new geologic model for the ...
Drilling Commences at Sherlock Crossing Gold-Antimony Prospect
Globenewswire· 2025-09-03 20:15
Core Viewpoint - The company is excited to initiate reverse circulation (RC) drilling at the Sherlock Crossing Project in West Pilbara, targeting high-grade gold-antimony mineralization, marking a significant milestone in its exploration strategy [2][4][6]. Exploration Activities - The maiden RC drilling program at Sherlock Crossing consists of 8 holes over approximately 1,000 meters, focusing on high-grade Au-Sb mineralization at the historic Clarke Mine [6][7]. - The company is also advancing geological understanding at the Southeast Wyloo prospect through reconnaissance field mapping and sampling, preparing it for drilling [4][10]. - In New South Wales, the company is actively exploring its gold assets, including ongoing fieldwork at Tibooburra and progressing regulatory approvals for the John Bull Gold Project, with drilling expected to commence in Q4 2025 [5][24][27]. Results and Findings - Previous rock chip sampling at Sherlock Crossing yielded grades of up to 4.7% Sb and 146.7 g/t Au, indicating strong potential for mineralization [7][8]. - Peak results from the Wyloo project include 482 g/t Ag, 1.29% Sb, and 0.93 g/t Au, confirming coherent Sb-Ag-Au anomalies in the area [6][11]. - The company anticipates completing the RC drilling at Sherlock Crossing by September 2025, with results expected in mid-October [21]. Future Plans - The company plans to conduct follow-up drilling at the Wyloo project in Q4 2025, pending necessary approvals [23]. - At the Balla Balla gold project, follow-up work is planned to assess polymetallic anomalies identified in the Q2 2025 drilling program [18][20]. - The company is also preparing for a maiden RC drilling program at the John Bull Gold Project, targeting four key areas [27].
NevGold Starts Drilling And Identifies Additional Stibiconite (Oxide Antimony Mineral) Outcrops at Gold-Antimony Limo Butte Project
Globenewswire· 2025-09-03 12:00
Vancouver, British Columbia, Sept. 03, 2025 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQB:NAUFF) (Frankfurt:5E50) is pleased to announce the commencement of the 2025 drill program at the oxide gold-antimony (“Antimony”, “Sb”) Limousine Butte Project (the “Project”, “Limo Butte”) in Nevada. The Company continues to advance the substantial gold-antimony potential of the Project, highlighting its promising prospects for further exploration and development in Nevada, one of th ...
Bryah Rapidly Advances Work at the Golden Pike Property Under Option from Globex Mining Enterprises
Globenewswire· 2025-08-26 13:12
TORONTO, Aug. 26, 2025 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to provide a short summary of news from Bryah Resources Limited (BYH-ASX) which has the Devil’s Pike gold/antimony property under option from Globex. (See Globex press release dated May 22, 2025). Globex has r ...
U.S. and Australia Support for Nova’s Estelle Project
Globenewswire· 2025-08-14 10:30
Core Viewpoint - Nova Minerals Limited is receiving strong support from Alaska State government officials and the Australian Consular-General for its Estelle Gold and Critical Minerals Project, which is gaining strategic recognition and aligning with state infrastructure and economic development goals [1][3][11] Group 1: Project Development and Strategic Importance - The Estelle Project is recognized as a potential key contributor to domestic resource security, particularly in light of recent U.S. Presidential Executive Orders [3][10] - The project is one of only nine global projects identified for near-term antimony production potential, alongside a rapidly expanding gold resource, positioning it as a valuable dual-commodity asset [3][4] - The project is evolving into a strategic mineralized district, critical for Western supply chain security and reducing reliance on foreign critical minerals [4][11] Group 2: Infrastructure and Government Support - Key infrastructure projects discussed include the West Susitna Access Road, which will provide year-round access to the Estelle Project, and enhancements to Port MacKenzie for logistics and export capacity [5][6] - Alaska Governor Mike Dunleavy has expressed strong support for the West Susitna Access Road, emphasizing its value for local residents and economic opportunities [7][8] - The Australian Consular-General's visit to the Estelle Project highlights the growing collaboration between Australia and the U.S. in the strategic minerals sector [11] Group 3: Funding and Collaboration - Nova is advancing applications for potential non-dilutive funding from the U.S. Department of Defense, which could significantly accelerate project development [4] - The company is collaborating closely with state and federal partners to fast-track permitting and infrastructure integration for large-scale production [10]
United States Antimony (UAMY) - 2025 Q2 - Earnings Call Transcript
2025-08-12 21:15
Financial Data and Key Metrics Changes - Revenues for the first six months of 2025 increased by 160% year over year, reaching $17.5 million, which is $3 million more than the entire 2024 fiscal year [3][5] - Gross profit rose by 183% year over year to $5.2 million, driven by higher average sales prices in both antimony and zeolite businesses [4][6] - Net income for the first half of 2025 was $728,000, up 707% year over year from a loss of $120,000 in the same period last year [4][13] Business Line Data and Key Metrics Changes - Antimony business revenues increased by 203% year over year, contributing $10.4 million to the overall revenue growth, with average sales price rising from about $6 per pound to approximately $22 per pound [5][6] - Zeolite business revenues grew by 24% year over year, with 60% of the increase attributed to higher volume and 40% to higher prices [5] Market Data and Key Metrics Changes - The company reported a significant increase in antimony ore supply, with the supplier delivering twice as much ore compared to the previous year, particularly in the second quarter [10][12] - Inventory levels increased by $5.6 million due to the rise in antimony inventory, indicating strong demand and supply chain adjustments [9][12] Company Strategy and Development Direction - The company is focused on expanding its antimony processing capacity and has increased its staff and supplier relationships to support this growth [12][13] - Strategic acquisitions of mining claims and properties in Alaska, Montana, and Canada are aimed at positioning the company for future growth opportunities [12][13] - The company is actively engaging with the Department of Defense for potential collaborations related to antimony and tungsten, emphasizing its unique position as the only domestic processor of these critical minerals [33][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the anticipated increase in antimony supply and the ongoing expansion of processing facilities [32][94] - The company is addressing regulatory challenges in Alaska, with expectations of overcoming permitting delays to begin operations [27][68] - Management noted the importance of educating local communities about the benefits of mining operations to gain public support [70] Other Important Information - The company has dual-listed on the NYSE Texas Stock Exchange, enhancing its visibility and engagement with institutional investors [44] - A new marketing initiative is set to launch, aimed at increasing public awareness of the company's role in the critical minerals supply chain [45] Q&A Session Summary Question: Do you anticipate any domestic or supply deals in the near future? - The company indicated that there are no other domestic antimony supplies expected in the short term, aside from its own operations in Montana and Alaska [59] Question: Has the leasehold acreage in Alaska increased? - The company confirmed that the acreage has increased to approximately 30,000 acres due to recent acquisitions [60] Question: Can you provide an update on the $240 million contract from the Defense Logistics Agency? - The company acknowledged the contract and expressed hope for positive outcomes following the solicitation's conclusion [64] Question: What is the status of government funding and potential offtake? - The company remains optimistic about securing government funding and is actively negotiating to ensure shareholder protection [65][66] Question: How receptive has the current administration been in expediting permitting processes? - The company noted that while the federal administration is supportive of critical minerals, the permitting delays are primarily due to state-level processes [68] Question: What are the next steps for tungsten-bearing properties? - The company plans to conduct gravity separation tests and is in the permitting process for bulk sampling [80][84] Question: Why is the North American antimony feedstock supplier shipping more recently? - The increase is attributed to a renegotiated contract and the supplier's need to offload material rather than sending it to waste [88]
OTC Markets Group Welcomes Alkane Resources Limited to OTCQX
Globenewswire· 2025-08-06 11:00
"We are pleased to have successfully completed the merger with Mandalay Resources, marking a pivotal milestone in our growth strategy. Graduating to OTCQX will enhance our visibility and accessibility in North America, supporting broader investor engagement as we continue to build a diversified, high-quality gold and antimony producer." About Alkane Resources Limited Alkane Resources (ASX:ALK; OTCQX:ALKEF) is an Australia-based gold and antimony producer with a portfolio of three operating mines across Aust ...
Southern Cross Gold Achieves Significant Metallurgical Development at Sunday Creek Gold-Antimony Project
Newsfile· 2025-08-06 10:30
Core Insights - Southern Cross Gold Consolidated Ltd has announced a significant metallurgical development at its Sunday Creek Gold-Antimony Project, focusing on selective flotation processing that yields high-grade, low-arsenic antimony-gold concentrate [1][5][10] Metallurgical Development - Stage 2 test work has successfully demonstrated selective flotation processing, producing a high-grade, low-arsenic antimony-gold concentrate while achieving excellent recovery of native gold [2][3] - The selective flotation technology identified specialized collector chemistry that effectively separates antimony minerals from arsenic-bearing minerals, addressing a critical requirement while maintaining high gold recovery [3][5] - Overall gold recovery ranges from 92.3% to 95.6% across three product streams, indicating a robust processing capability [4][16] Product Streams - The project has established a three-product processing strategy: 1. Gravity gold concentrate, achieving direct recovery of native gold up to 51.4% of feed gold [23] 2. Antimony-gold concentrate, producing high-grade concentrates with antimony grades of 48.2% to 53.1% and gold grades reaching up to 93.2 g/t [8][16] 3. Sulphide concentrate, capturing remaining free gold and gold associated with pyrite-arsenopyrite [23] Economic Potential - The combination of excellent overall native gold recovery and the ability to produce premium antimony concentrates enhances the project's economic potential, particularly given the favorable market conditions for antimony due to recent export restrictions from China [5][33] - Antimony represents approximately 21% to 24% of the in-situ recoverable value of the Sunday Creek project, highlighting its significance alongside gold [32][37] Future Development - The company plans to scale up processing through locked-cycle testing, pilot plant evaluation, and process plant design targeting Q1 2027 [4][20] - Future testing will focus on optimizing recovery rates, understanding the impact of grind size, and developing geometallurgical models across deposit zones [20][38]
Alkane and Mandalay Announce Closing of Merger
Globenewswire· 2025-08-05 10:15
Core Viewpoint - Alkane Resources Limited and Mandalay Resources Corporation have successfully completed their merger, creating a dual-listed gold and antimony producer with enhanced operational scale and financial flexibility [1][3]. Transaction Details - The merger was executed through a statutory plan of arrangement, with Mandalay shareholders receiving 7.875 Alkane Shares for each Mandalay Share held [1][4]. - The Mandalay Shares are expected to be delisted from the TSX on or about August 6, 2025, and Mandalay has applied to cease being a reporting issuer in Canada [4]. Strategic Positioning - The combined company will operate in premier mining jurisdictions, including Costerfield (Victoria, Australia), Tomingley (New South Wales, Australia), and Björkdal (Skelleftea, Sweden [3]. - The merger is expected to create a stronger platform for sustainable growth, with a diversified production base and broader exploration pipeline [3][7]. Financial Highlights - The combined company is projected to produce 160,000 AuEq ounces in FY2025, increasing to over 180,000 AuEq ounces in FY2026 [7][21]. - Pro forma cash is estimated at A$218 million, positioning the company to advance growth priorities [7]. Management and Governance - The new board of directors includes three former Mandalay directors and two existing Alkane directors, along with a new independent Chair [8]. - The management team will be led by Nic Earner as Managing Director and CEO, with key former Mandalay executives joining to ensure continuity [9]. Reporting and Compliance - Following the merger, Alkane became a reporting issuer in all Canadian provinces and territories except Québec and intends to file several technical reports in compliance with NI 43-101 [10].
Bellevue Gold (BGL) 2025 Conference Transcript
2025-08-05 09:10
Bellevue Gold (BGL) 2025 Conference August 05, 2025 04:10 AM ET Speaker0Has traditionally always been used as a hardener in metals, lead acid batteries, for example, and even electric cars have one of those, and there's fire retardants. We will produce 7% of global supply from this mine, so that makes it a globally significant operation on any level. There's not too many mines do this. The U. S.Does not have any. It cannot produce. It cannot take concentrate and do anything meaningful with it. They use abou ...