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Military Metals Completes Acquisition of Last Chance Antimony-Gold Property in Nevada, Antimony Price Achieves New All-Time High over US$50,000 per Tonne(1)
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2025) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "Military") reports that as of February 14, 2025, it has completed the final cash payment owing to the vendor of the Last Chance Antimony-Gold Property, and as such has fulfilled all obligations required in order to acquire 100% interest in the subject property. The Vendor is currently in the process of transferring registration ...
About this update from Military Metals Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - February 19, 2025) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "Military") reports that as of February 14, 2025, it has completed the final cash payment owing to the vendor of the Last Chance Antimony-Gold Property, and as such has fulfilled all obligations required in order to acquire 100% interest in the subject property. The Vendor is currently in the process of transferring registration of the subject property to Military. The Last Chance Antimony-Gold Property is located 70 kilometers North of the town of Tonopah, Nevada, and 18 kilometers due west of Kinross's Round Mountain gold mine, on the eastern side of the Toiyabe Range.","length":748,"tagName":"p"},{"type":"text","content":"Further, the Company's senior management team completed an initial field visit to the Last Chance Antimony-Gold Property. Originally discovered in 1880, the Last Chance antimony-gold deposit saw limited production during a few intervals until the early 1960s to support US defense efforts. Historical infrastructure, including a shaft and concrete foundations, remain on the property. Aside from limited gold-focused exploration during the 1980s, the property has not received further exploration activity. The Company looks forward to advancing modern geological programs focused on antimony mineralization to unlock value.","length":628,"tagName":"p"},{"type":"text","content":"Military's CEO, Scott Eldridge, comments: "Last week we completed our initial site visit to the past producing Last Chance property and were very impressed by its past and future. Nevada is a top global mining jurisdiction that in addition to its notable precious metal mines hosts numerous historical antimony mines and prospects. The antimony spot price has yet again achieved a new all-time high, now trading at $51,500 USD per tonne(1). Antimony investment opportunities are limited to mining equities with no ETF or futures contracts available to investors, furthermore the mining equities are limited to a few high caliber companies."","length":654,"tagName":"p"},{"type":"text","content":"Hosted within a series of deformed, metamorphosed Paleozoic clastic and carbonate sedimentary units, antimony-gold mineralization is found within a series of structurally a...