NewsThis Little-Known Metal Just Exploded 200%, Here are 2 Ways To Play...

This Little-Known Metal Just Exploded 200%, Here are 2 Ways To Play It

Tom Kool

Tom Kool

Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations

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By Tom Kool – Nov 20, 2024, 6:00 PM CST

  • Antimony, a critical metal for military applications, is facing a global supply crunch exacerbated by Chinese export restrictions.
  • The U.S. government is supporting domestic antimony production, with Perpetua Resources’ Stibnite Gold Project in Idaho potentially supplying 35% of U.S. demand.
  • Military Metals Corp. is acquiring antimony assets in Slovakia and Canada, aiming to reduce Western reliance on Chinese imports.

Antimony

Antimony, a silvery-white metalloid, might not be a household name, but it plays a crucial role in our modern world. 

It’s a key ingredient in military tech, batteries, and semiconductors.

And now, a global antimony crisis may be looming as demand far outstrips supply…

This obscure metal has become a strategic linchpin in modern warfare – and right now, China holds all the cards.

And today, we’re looking at two companies that could help the West break free from China’s stranglehold on this key resource.

#1 Military Metals (CSE: MILI, OTCQB: MILIF)

Canadian junior miner Military Metals wasted no time jumping into this game with a series of major antimony acquisitions on two continents–Europe and North America.

They’re hoping to help turn the tables on Chinese domination, and they’re moving quickly to do so.

Military Metals recently announced that it has purchased one of Europe’s largest antimony deposits in Slovakia with a historical resource.

One of the properties acquired is Trojarova. This is a Soviet-era resource with an initial discovery from the 1950s and prior development in the ‘80s and ‘90s. It’s already seen two phases of exploration. According to Military Metals CEO Scott Eldridge, the Slovakian government’s earlier exploration was halted before they reached the richest part of the deposit.

Source: Military Metals

Back then, the Cold War was winding down, and what would follow next was a destocking and the Strategic Arms Reduction Treaty (START) between the Soviets and the United States. Antimony was no longer critical.

That’s all changed now. The world is at war.

And Trojarova, with a historical resource of over 60,998.4 tons of antimony of in situ value worth around $2 billion at today’s spot prices—could become a military kingmaker. Perpetua Resources has 90,000 tons of Antimony. These 2 companies are the largest Antimony companies in N.America.

Figure 1 Military Metals. (CSE: MILI, OTCQB: MILIF): 

For Slovakia, it could mean new status as a European supplier of a key national defense critical metal at a time when Germany is certain it will go to war with Russia in the next few years.

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