The Race for Critical Minerals Is Heating Up — Antimony and Gold Could Be Major Beneficiaries
Key Highlights
- ➤Military Metals reinstates and extends Trojárová license through October 18, 2030
- ➤Trojárová inferred resource totals 67,000 tonnes antimony and 222,000 ounces gold
- ➤USAC fulfills DLA shipments under existing $245 million sole-source contract
- ➤Perpetua advances Stibnite construction, infrastructure and expanded drilling
- ➤Trilogy’s Arctic Project enters federal environmental review and public scoping
Expert Statements
Thomas Hüser, Executive Chairman of Military Metals Corp.
“This decision gives us the continuity needed to move Trojárová forward with confidence and a clear commitment to Slovakia.”
Thomas Hüser, Executive Chairman of Military Metals Corp.
“We thank the collective authorities for their constructive, fair and professional cooperation. Our ambition is to combine the development of an important European antimony resource with strong local partnerships, scientific expertise and responsible environmental management. Trust must be built through open communication and practical action.”
Scott Eldridge, CEO of Military Metals Corp.
“The reinstatement of the Trojárová exploration license is an important milestone for Military Metals and provides a renewed path forward for our flagship European antimony project. We are focused on building on the technical work completed to date and advancing Trojárová responsibly, with the objective of unlocking its potential as a significant source of antimony for European and allied markets.”
Scott Eldridge, CEO of Military Metals Corp.
“Europe has significant antimony supply-chain exposure because it lacks meaningful domestic mine production and depends heavily on external suppliers for its raw-material needs. We intend to progress the project responsibly and systematically towards the next permitting milestones.”
Jon Cherry, President and CEO of Perpetua Resources
“We continue to make progress on multiple fronts, including construction of Burntlog Route and worker housing, development of transmission line infrastructure, and expanding our drill program.”
Jon Cherry, President and CEO of Perpetua Resources
“This progress reflects the dedication of every member of the Perpetua Resources team and the partners working alongside us to explore, construct, and restore the site while strengthening America’s supply of critical minerals.”
Gary C. Evans, Chairman and CEO of United States Antimony Corporation
“As our receipt of acceptable antimony material continues to increase from foreign sources along with our expanded processing capability at our new facility located in Thompson Falls, our ability to continue increasing our antimony ingot deliveries to the DLA is occurring.”
Gary C. Evans, Chairman and CEO of United States Antimony Corporation
“This is the first period in our company’s nearly 60 year history that we are fulfilling a significant and extremely important delivery of a finished product so vitally necessary to our military for use in many different products.”
Gary C. Evans, Chairman and CEO of United States Antimony Corporation
“Additionally, now that we have begun processing the Stibnite Hill, Montana, antimony material mined late last year and this year, which now totals in excess of 400,000 pounds of antimony and is presently located in stockpile at Radersburg, Montana; new low-cost USAC antimony feed material will begin further improving our finished product margins.”
NEW YORK, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Antimony is becoming a much bigger part of the conversation around critical minerals, defense spending and supply-chain security. It is used in ammunition, specialized alloys, flame-retardant materials and other industrial applications, yet global supply remains heavily concentrated. That creates a challenge for governments and manufacturers — and a potential opening for mining companies capable of bringing new sources to market. Grand View Research estimated the global antimony market at approximately $2.17 billion in 2023 and projected it could reach $3.3 billion by 2030. Meanwhile, an Australian government industry report projected global antimony demand could climb from roughly 83,000 metric tons in 2024 to 191,000 metric tons by 2030. If those trends hold, reliable supplies could become even more valuable. For exploration and development companies, the opportunity is clear: a deposit with promising grades, strong recovery potential and a realistic path to production could attract attention from investors, industrial buyers and strategic partners. The challenge is turning that potential into a commercially viable operation. Opening opportunity for those looking at resource security and long-term value for active miners that may include Military Metals Corp. (OTCQB: MILIF) (CSE: MILI), Perpetua Resources Corp. (NASDAQ: PPTA) (TSX: PPTA), United States Antimony Corporation (NYSE American: UAMY), MP Materials Corp. (NYSE: MP), Trilogy Metals Inc. (NYSE American: TMQ).
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