Vancouver, British Columbia, Dec. 17, 2025 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce that is has staked an additional 90 claims, approximately 6 square kilometers or 1500 acres, with strong antimony-gold prospectivity at its Limousine Butte Project (the “Project”, “Limo Butte”) in Nevada. The newly staked ground has the same geological signatures as other antimony-gold targets at the Project. Aerial Drone Footage of 2025 ...

Core Insights - Locksley Resources Ltd. has initiated the engineering partner selection process for the Desert Antimony Mine project, aiming to establish a fully integrated U.S. antimony supply chain [1][2] - The company is fast-tracking its 2026 initiatives following a recent capital raise, engaging with leading U.S. engineering firms to enhance project development efficiency [2] - Ongoing metallurgical optimization work will directly contribute to the scoping study, facilitating timely engineering design and project planning [3] Company Focus - Locksley Resources is concentrating on critical minerals in the U.S., particularly advancing the Mojave Project in California, which targets rare earth elements and antimony [4] - The company is implementing a mine-to-market strategy for antimony, aiming to reestablish domestic supply chains for critical materials through strategic partnerships with U.S. research institutions and industry leaders [4] - This approach, combined with innovative processing and separation technologies, positions Locksley to significantly contribute to U.S. critical materials independence [4]

Core Insights - Resolution Minerals Ltd has released promising assay results from its initial drilling program at the Horse Heaven project in Idaho, confirming extensive gold mineralization and planning for an expanded drilling campaign in 2026 [1][6] Drilling Results - The latest results are from six diamond drill holes totaling 1,600 meters at the Golden Gate target, which spans approximately 3 kilometers, with only 20% of its strike length tested [1][12] - Drilling has identified 600 meters of strike, 200 meters in width, and 300 meters in vertical extent, all mineralized, indicating an intrusive-related gold system [2][12] Project Comparison - The Golden Gate structure is geologically similar to the nearby Stibnite gold project, which is being developed by Perpetua Resources and is expected to become a major U.S. gold producer [2][3] Infrastructure and Location - The Horse Heaven project benefits from infrastructure upgrades related to the Stibnite project, including a new access road and power transmission line that cross its tenements [3][16] - Resolution Minerals has a 100% interest in the Horse Heaven project, which spans 15,000 acres and is strategically located next to the Stibnite project [8][9] Future Plans - The company has completed 10 core holes in 2025, with results from four holes pending, and plans to drill an additional 45 holes in 2026, with funding secured from recent capital raises [4][14] - The Antimony Ridge target, a past-producing mine, is also being advanced, with samples sent to a Canadian laboratory for military-grade antimony trisulfide production [4][15] Government Support and Strategic Position - Resolution is in discussions with the U.S. Department of Defense regarding potential funding to meet strategic stockpile targets, with reported antimony grades up to 50% [5][18] - The current market conditions for gold and antimony are favorable, positioning the company well for future developments [19]

Group 1 - Antimony Resources Corp. announced a private placement financing of up to 22,250,000 Units at a price of CAN$0.45 per Unit, aiming for gross proceeds of up to CAN$10,012,500 [1] - Each Unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of CAN$0.75 for 24 months [1] - The net proceeds from the Offering will be allocated for exploration, development activities, and general working capital [1] Group 2 - Dominari Securities LLC and Revere Securities LLC have been retained as joint placement agents for the financing, with an 8% cash fee and 8% in broker warrants [2] - Dominari Securities LLC focuses on capitalizing on emerging trends in financial services and identifying early-stage opportunities for high returns [3] - Revere Securities LLC has a long-standing reputation for providing trusted guidance and executing significant transactions, serving various clients including corporations and high-net-worth individuals [4] Group 3 - Antimony Resources Corp. is focused exclusively on antimony exploration and development, aiming to become a significant North American producer [5] - The Bald Hill Antimony Project in New Brunswick, Canada, is a high-grade antimony deposit with excellent infrastructure and significant mineralization [8] - The 2025 NI-43-101 Technical Report estimates the potential quantity and grade of the drilled area to be around 2,700,000 tonnes grading 3.0% to 4.0% antimony, equating to approximately 81,000 to 108,000 tonnes of contained antimony [8]

Core Insights - United States Antimony (UAMY) is focusing on a structural margin reset by reclaiming its upstream supply chain, aiming to increase gross margins from 28% to over 60% by processing its own ore instead of relying on expensive third-party sources [1][5]. Group 1: Operational Strategy - UAMY is currently conducting bulk sampling at Stibnite Hill in Montana, with 560 tons already collected and expected average grades exceeding 10% antimony, which could significantly enhance feed quality and reduce costs [2]. - The company is preparing for a full restart of operations in Alaska in spring 2026, having acquired a 17-acre site for sorting and processing ore, indicating readiness for scaling internal supply [3]. - Success in projects like Mohawk or Stibnite Creek could facilitate a transition from purchased concentrates to internal supply, while the Ontario portfolio offers potential diversification into critical minerals [4]. Group 2: Financial Performance - UAMY's shares have increased by 231.7% year-to-date, outperforming the industry average increase of 18.3% [11]. - The Zacks Consensus Estimate for UAMY's 2025 earnings suggests a 150% increase compared to the previous year, with projections indicating a significant rise in earnings per share [13][14]. - UAMY currently trades at a forward price-to-sales ratio of 7.56, which is above the industry average and its five-year median of 3.41, reflecting a Value Score of F [12].

Core Insights - Novo Resources Corp has reported new high-grade gold and antimony findings from its Pilbara tenements, with gold grades reaching up to 77.5 grams per tonne from the Teichman project [1][6] - Historical samples from the region have shown assays up to 108 grams per tonne of gold, confirming the potential of the area [2][8] - The company plans to return to Teichman for drilling in 2025 to further investigate the identified gold mineralization [3] Exploration and Findings - Recent fieldwork has been successful, with geological teams completing sampling after previous land access constraints [2][5] - High-grade antimony results were also reported from the Sherlock project, indicating a broader potential for mineralization in the region [3] - The Teichman project is strategically located near significant projects, including a joint venture with Northern Star and the 13 million ounce Hemi project [3][7] Future Plans - The company aims to conduct drilling at Teichman in 2025 to better understand the source of high-grade rock chip samples [3][8] - The exploration work continues across Pilbara and New South Wales, following earlier successes at Tibooburra [4]

Summary of United States Antimony FY Conference Call Company Overview - **Company Name**: United States Antimony Corporation (NYSEAM:UAMY) - **Headquarters**: Dallas, Texas - **Founded**: 1968, publicly traded since 2012 - **Market Cap Growth**: From $20 million to approximately $1.1 billion, with stock price increasing from $0.20 to around $7 per share [1][2] Industry Context - **Core Product**: Antimony, a critical mineral essential for military applications and various industries, including fire retardants and AI technology [1][3] - **Market Control**: China controls about 65% of the global antimony supply and 90% of refining capacity, posing a significant competitive challenge [3][9] Financial Performance - **Revenue Growth**: - 2021: $8 million - 2022: $15 million - 2023 Guidance: $40-$43 million - 2024 Guidance: $125 million, with expectations of exceeding $150 million [4][18] - **Gross Margin Improvement**: Increased from 26% to 30%, with projections to exceed 50% due to sourcing own material [17][18] Key Contracts and Government Relations - **Recent Contracts**: - $104 million contract for fire retardants for roofing materials [2] - $245 million government contract with the Defense Logistics Agency (DLA) [6] - **Government Support**: Executive orders mandate that military supplies must come from U.S. companies, enhancing demand for domestic antimony [5][6] Production and Expansion Plans - **Refinery Expansion**: - Montana facility expansion from 100 tons to 500 tons per month, costing $22 million [4] - Mexican facility expected to produce 200 tons per month by year-end [4] - **New Mining Operations**: - Recently opened a mine in Montana, with plans to source antimony from Alaska [17][12] - Exploring cobalt and tungsten mining opportunities in Canada [13][14] Market Dynamics and Challenges - **Price Fluctuations**: Antimony prices have increased from $5 to around $19-$20 per pound over the past year and a half [10] - **Supply Chain Issues**: Challenges in sourcing antimony from various countries due to competition with China and logistical issues [10][32] Strategic Vision - **Future Goals**: Aim to build a multi-billion dollar company by expanding operations and securing government contracts [23] - **Public Awareness**: Efforts to educate the public and government officials about the importance of antimony and the company's role in the supply chain [22] Miscellaneous Insights - **Employee Challenges**: Difficulty in hiring due to local demographics and immigration issues [30][31] - **Stock Volatility**: Recent stock price fluctuations attributed to broader market trends rather than company-specific issues [27][28] Conclusion - United States Antimony is positioned for significant growth in the critical minerals sector, particularly in light of increasing military demand and government support for domestic sourcing. The company is actively expanding its production capabilities and exploring new mineral opportunities while navigating competitive challenges from China.

Core Insights - Shares of United States Antimony Corporation (UAMY) have increased by 68.4% over the past three months due to significant operational transformations, including a global procurement network for antimony and increased domestic mining activities [1][2] - UAMY has secured long-term contracts worth nearly $352 million, which is a substantial increase compared to last year's revenues of only $15 million [7][8] - The company is also making early moves into tungsten, aiming to become the first domestic supplier in the U.S. as there are currently no active tungsten mines in the country [10][11] Antimony Supply and Mining Operations - Antimony is central to UAMY's growth strategy, with a reported 203% year-over-year increase in antimony revenues in Q2, driven by higher pricing and expanded ore deliveries [5][6] - UAMY has executed over 15 supply agreements across 10 countries, with material sourced from regions including Bolivia, Chad, and Mexico [6] - The company has received approximately 330 tons of antimony feedstock in Mexico, with another 295 tons en route [6] Long-term Contracts and Revenue Growth - The long-term contracts secured include a $245 million award from the Defense Logistics Agency and a $107 million commercial contract for antimony trioxide, representing a significant demand increase [7][8] - UAMY's domestic production revival has yielded 560 tons of stibnite ore in Montana, with expected grades exceeding 10% antimony [9] Challenges in the Market - UAMY faces challenges from China's dominance in the antimony market, controlling 60 times the mining capacity of other countries and 85-90% of global smelting and refining capacity [14] - Regulatory delays in Alaska and environmental objections have hindered progress in one of UAMY's promising regions, pushing timelines into 2026 [14][15] - An acquisition attempt in Australia was rejected, although UAMY remains the largest shareholder with a 10% stake valued at approximately $40 million [15] Valuation and Market Position - UAMY's shares currently trade at a forward price-to-sales ratio of 9.59X, significantly higher than the industry average of 3.73X, indicating a premium valuation [16] - Despite the positive operational developments, analysts have revised earnings per share estimates downward, reflecting potential near-term challenges [12][19] Conclusion - UAMY's strategy for 2025 focuses on aggressive expansion in ore procurement, domestic mining, and early-stage tungsten development, while navigating significant market challenges [17]

Core Insights - Alkane Resources Limited reported significant financial results for Q1 2026, highlighting a successful merger with Mandalay Resources and strong production figures [4][7][25]. Financial Performance - The company generated consolidated revenue of AUD 147.2 million in Q1 2026, an increase of AUD 85 million from AUD 62.3 million in Q1 2025, driven by increased production and higher gold prices [6][8]. - Adjusted EBITDA for the quarter was AUD 36.9 million, up from AUD 22.2 million in the previous year [10]. - The company reported a consolidated net loss of AUD 2.7 million for Q1 2026, compared to a profit of AUD 11.3 million in Q1 2025 [10][8]. - Cash, bullion, and liquid investments totaled AUD 191 million at the end of the quarter, after repaying AUD 45 million in debt and incurring one-off costs of AUD 25 million related to the merger [11][7]. Production and Operations - Alkane produced a total of 30,511 gold equivalent ounces in Q1 2026, compared to 18,418 ounces in Q1 2025, reflecting the addition of production from Costerfield and Björkdal [14][12]. - The company’s three operating mines produced 29,965 ounces of gold and 124 tonnes of antimony during the quarter [4]. - Tomingley produced 18,335 ounces of gold, while Costerfield and Björkdal contributed 6,189 and 5,987 ounces of gold equivalent, respectively [12][23][21]. Cost Analysis - The consolidated cash operating cost per ounce of gold equivalent produced was AUD 2,215 in Q1 2026, up from AUD 1,819 in Q1 2025 [15][16]. - All-in sustaining costs per ounce of gold equivalent increased to AUD 2,988 in Q1 2026 from AUD 2,157 in Q1 2025 [16][15]. - Tomingley's cash operating costs were AUD 2,120 per ounce, reflecting a 17% increase due to higher processing costs [15][18]. Strategic Developments - The merger with Mandalay Resources was completed in early August 2025, enhancing Alkane's operational capacity and market position [4][7]. - The company was admitted to the ASX 300 during the quarter, indicating a strengthened market presence [7]. Operational Highlights - Costerfield maintained strong mining productivity and implemented improvement programs to enhance ore quality and recovery [19][20]. - Björkdal achieved solid ore production despite facing external interruptions, with ongoing efforts to optimize processing performance [22].

Financial Data and Key Metrics Changes - Sales for the first nine months of 2025 were $26.2 million, up $16.9 million, or 182% over the prior year, primarily due to price increases and some volume increase in the zeolite business [6][7] - Gross margin increased by 4 percentage points from 24% last year to 28% this year, although there will be pressure on gross margins in the fourth quarter due to declining antimony market prices [6][7] - Consolidated net loss was $4.1 million for the first nine months, including $5.2 million of non-cash expenses, but operating activities generated positive cash flow when excluding working capital changes [7][8] Business Line Data and Key Metrics Changes - Antimony sales volume increased in October, with consolidated sales of $5.6 million for the month compared to third quarter sales of $8.7 million [6][7] - The company secured a three-year supply agreement for antimony ore and a five-year sole source sales contract with the DLA, enhancing sales capabilities [9][10] Market Data and Key Metrics Changes - The company has developed and executed over 15 separate supply contracts for materials sourced from 10 different countries, with ongoing negotiations with over 30 other parties [28] - Approximately 330 tons of antimony feedstock were received at the smelter in Mexico, with additional shipments expected to ramp up significantly [28][30] Company Strategy and Development Direction - The company aims to be the preferred provider of critical minerals, focusing on growth, diversification, and sustainability [9][10] - Plans include expanding the processing facility in Montana and exploring opportunities in cobalt and tungsten, with a focus on securing government contracts similar to the DLA contract [24][41] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, anticipating a significant increase in production capacity from 100 tons to 500-600 tons per month [32][60] - The company is focused on overcoming challenges related to material quality and supply chain issues, with expectations of improved efficiency and throughput as new materials are integrated [65][66] Other Important Information - The company reported a significant increase in share price, climbing from about $3.08 to $7.62 per share, marking the best-performing quarter in its history [35][36] - Institutional ownership has increased from almost zero to about 30% over the past year and a half, indicating growing investor interest [36][37] Q&A Session Summary Question: What is the difference between the two types of antimony in the contracts? - The DLA contract is for metallic antimony in ingot form, while the commercial supply contract is for antimony trioxide, which is a white powder [54][55] Question: Is management considering building an additional smelter or processing facility? - The current expansion in Thompson Falls is the maximum possible due to land constraints, but there is potential for expansion in Mexico [56][58] Question: What is the expected production volume ramp for Montana and Mexico? - Production is expected to ramp up significantly in 2026, with a goal of reaching 500-plus tons a month, although the process may be bumpy [60] Question: Can you quantify efficiencies or technological improvements in processing? - There will be some mechanical efficiencies with the expansion, but the type of feed material will also significantly impact efficiency [64] Question: How close are current smelting operations to running at full capacity? - Montana is running close to capacity, but quality issues with material have been a challenge, which the company is addressing [65][66]