More than 100 years ago, a ship left a Nova Scotia harbor carrying a precious cargo that few today would recognize as valuable. The crew, full of optimism, was bound for Wales hoping that the metal they carried would lead them to riches. Unfortunately, they never made it.
A German U-boat lurking in the cold Atlantic waters fired a torpedo and the ship went down, sinking to the ocean floor along with its mysterious cargo.
At the time, the metal seemed unimportant, but its true value wasn’t fully realized until later. Fast forward to today and that same metal is critical to modern military and industrial applications. That metal, once forgotten at the bottom of the sea is not gold or silver, but antimony—a mineral that has become a key player in global conflicts and high-tech industries alike.
This shipwreck might sound like an intriguing piece of history, but it’s far more than that. It’s a reminder of how vital antimony has been and continues to be for national security and economic stability.
Now, thanks to Military Metals Corp. (CSE:MILI; OTCQB:MILIF), the very same mine in Nova Scotia that once produced this valuable metal is being re-visited. And it couldn’t have come at a more crucial time.
Antimony might not be a household name, but it’s been an essential material in warfare for centuries. During both World War I and World War II, antimony was used in everything from bullet casings to explosives.
Today, it’s more important than ever. According to the U.S. Geological Survey, American manufacturers use over 50 million pounds of antimony each year.
That’s because antimony is a critical component in the production of semiconductors, batteries, and solar panels. From electronics to renewable energy, the modern world runs on antimony.
In short, antimony is critical to both offensive and defensive operations. Any disruption to the supply of this key mineral could have devastating effects on national security.
This is where things get concerning. For decades, the U.S. has relied on antimony imports from China. In fact, China controls nearly 50% of antimony mining and 80% of the world’s antimony production. This has put the U.S. in a precarious position, especially as tensions with China continue to rise.
The U.S. military is well aware of the risks. The Pentagon has been scrambling to secure a domestic source of antimony, recognizing that losing access to this vital mineral could severely impact America’s ability to defend itself.
That’s why Military Metals (CSE:MILI; OTCQB:MILIF) is stepping in at the perfect moment.
The company has taken a bold step with their plans to redevelop the historic West Gore Antimony Project in Nova Scotia. This mine was once a key source of antimony during both World War I. Today, it stands as one of the few potential sources of antimony in North America.
The company has also recently acquired one of Europe’s largest antimony deposits with a historical resource in Slovakia which could prove even more promising as tensions between Russia and Europe escalate.
The above table is data from their recent Slovakian acquisition and helps to show the potential in situ value of Military Metals.
Simply multiply the antimony tons (60,998) by the current spot price ($38,000) to arrive at a total of $2,000,000,000 in situ value of antimony in the ground. The company is merely $23 million at its current market cap with a healthy cash position. Also, the average grade of the resource is 2.478%, which is considered very high for antimony. Most antimony is produced at low grades as a by-product of some gold deposits.
By comparison, Perpetua Resources, which is in the process of receiving a $1.86-billion government loan to develop their strategic resource, is valued at around $700 million with 90,000 tons of antimony.
By announcing the definitive agreement on Slovakia assets as well as acquiring the West Gore project in North America, Military Metals Corp. is positioning itself as a critical player in the fight to secure domestic antimony production.
The company’s CEO, Scott Eldridge, has stated, “The acquisition of the West Gore Antimony Project demonstrates our strategy of becoming a significant global antimony player.”
Eldridge understands the importance of antimony not just for military use, but also for a wide range of industrial applications. He’s betting that as tensions with China escalate, the value of domestically produced antimony will skyrocket.
This isn’t just speculation. The U.S. government has already started investing heavily in securing domestic sources of critical minerals, including antimony. And Military Metals Corp., with its historic West Gore project, is perfectly positioned to capitalize on this growing demand.
The Strategic Importance of Domestic Antimony Production
The potential reopening of the West Gore mine is more than just a business opportunity. It’s a strategic move to safeguard North America’s supply of a mineral that could decide the outcome of the next global conflict.
Antimony is on the U.S. government’s list of critical minerals, and for good reason. Without it, the military cannot produce the advanced weapons systems needed to defend the country. As China tightens its grip on global antimony production, securing a domestic source has become a matter of national security.
Military Metals (CSE:MILI; OTCQB:MILIF) West Gore project is one of the only known sources of antimony in North America. This puts the company in a unique position to benefit from government initiatives aimed at stockpiling critical minerals.
With billions of dollars being allocated to secure domestic mineral supplies, companies like Military Metals Corp. stand to gain substantial financial support.
But it’s not just the government that’s interested. The private sector is also waking up to the importance of antimony. As industries like renewable energy and tech continue to grow, demand for antimony will only increase. And with China controlling most of the world’s supply, companies that can produce antimony domestically will be in high demand.
Antimony-Focused Strategy
The company has made it clear that it’s focused on acquiring and developing antimony resources across North America and with their latest definitive agreement announcement on two Antimony projects in Europe, they have a chance to be a global powerhouse. This strategy is designed to potentially make them one of the leading suppliers of antimony outside of China.
With the global antimony market expected to grow significantly in the coming years, Military Metals Corp. is positioning itself as a key player in what could be one of the most critical supply chain battles of the 21st century.
In addition to the definitive agreement for Slovakian assets, the company is actively exploring additional opportunities to acquire other antimony assets, ensuring that it remains at the forefront of this growing industry.
Five Reasons to Keep an Eye on Military Metals Corp.
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A Historic Mine with Modern Relevance
Military Metals Corp. controls the West Gore mine, a site with a rich history of supplying antimony during both World War I. Now, with China restricting exports, the mine’s strategic importance is greater than ever.
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Military and Industrial Demand
Antimony is essential for military hardware, including everything from bullets, explosives, missiles to night vision goggles. But it’s also critical for the production of semiconductors, batteries, and solar panels, making it indispensable for both defense and industry.
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China’s Stranglehold on Supply
With China controlling the majority of the world’s antimony supply, the U.S. is in a vulnerable position. Military Metals Corp. is one of the few companies with a domestic antimony project, making it a key
player in securing North America’s supply. They also have recently closed on their flagship European asset with a 60,998 ton historical resource of antimony.
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Government Support for Critical Minerals
The U.S. government has already started investing heavily in securing domestic sources of critical minerals, including antimony. Military Metals Corp. is well-positioned to benefit from these initiatives, especially as tensions with China continue to rise.
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Rising Demand Across Multiple Industries
Antimony is essential not just for military applications but also for renewable energy, electronics, and other high-tech industries. As demand for these products grows, so too will the demand for antimony.
Final Thoughts for Investors
As the world faces growing geopolitical tensions and supply chain disruptions, the importance of securing critical minerals like antimony cannot be overstated.
The company is emerging as a key player in this high-stakes race, with its historic West Gore project leading the charge and potentially one of EU’s largest historical deposits of antimony.
With China tightening its grip on global antimony supply, now is the time to pay attention to companies like Military Metals Corp. The future of modern warfare, renewable energy, and high-tech industries may very well depend on it.
Other companies to keep a close eye on:
Steel Dynamics (NASDAQ: STLD) stands as a powerhouse in the U.S. steel industry, ranking among the largest domestic steel producers and metals recyclers. The company boasts a wide range of high-quality steel products, including flat roll steel, structural steel, and rail, all of which are essential to various industries, including the defense sector. Steel remains a foundational material for national defense, playing a critical role in everything from the construction of military vehicles and ships to the building of infrastructure and the manufacturing of vital components.
A robust and resilient domestic steel industry is absolutely vital for ensuring national security. Steel Dynamics’ impressive production capacity and unwavering commitment to technological advancement contribute significantly to the stability and self-reliance of the U.S. defense industrial base. By sourcing steel from domestic producers like Steel Dynamics, the U.S. can reduce its dependence on foreign suppliers and ensure uninterrupted access to the materials necessary to support its defense needs, even in times of crisis or geopolitical instability.
Steel Dynamics is also a leader in sustainable practices and environmental stewardship. This commitment is essential for the long-term viability of the domestic steel industry and, by extension, national security. By investing in energy-efficient technologies and minimizing its environmental impact, the company contributes to a more sustainable and resilient defense industrial base. This ensures that the production of steel for defense applications is conducted responsibly, both environmentally and economically.
Boeing (NYSE: BA)
Boeing is a global aerospace giant, holding the title of the world’s largest aerospace company. Its operations span the design and manufacture of commercial jetliners, defense, space and security systems, and a wide range of global services. With a massive workforce of over 140,000 employees across the United States and in more than 65 countries, Boeing is a major player in the global economy and a driving force in the aerospace industry. The company’s diverse portfolio includes commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.
Boeing’s commercial airplanes business is a cornerstone of the company. As the world’s leading manufacturer of commercial airplanes, Boeing’s products are a familiar sight in the skies, flown by airlines around the globe. The company’s defense, space & security business is another critical component of its operations, providing a wide array of products and services to the U.S. government and its allies. This includes cutting-edge defense systems, space exploration technologies, and advanced security solutions.
Boeing has faced challenges in recent years, including the grounding of the 737 MAX aircraft and the impact of the COVID-19 pandemic. However, the company remains committed to overcoming these challenges and continuing to deliver value to its customers and shareholders. Boeing is an iconic American company with a rich history of innovation and a vital role in the global aerospace industry. Its ongoing commitment to technological advancement and its diverse portfolio position it for continued success in the dynamic and evolving aerospace landscape.
General Dynamics (NYSE: GD)
General Dynamics is a global aerospace and defense company with a broad portfolio of products and services. These offerings span a range of critical areas, including business aviation; combat systems and munitions; IT solutions; and shipbuilding and marine systems. With a global workforce of approximately 100,000 employees and headquarters in Reston, Virginia, General Dynamics has a significant presence in more than 45 countries around the world.
As a major supplier to the U.S. military and its allies, General Dynamics plays a vital role in supporting defense needs across the globe. The company’s products and services are utilized in a wide range of applications, including air defense, ground combat, maritime operations, and cyber warfare. General Dynamics is also a leader in the business aviation market, recognized for its Gulfstream aircraft, which are among the most popular private jets in the world.
General Dynamics maintains a strong commitment to innovation and invests heavily in research and development to ensure it remains at the forefront of its industry. The company is also focused on strategically expanding its international business, pursuing opportunities in key markets such as Europe, the Middle East, and Asia. General Dynamics is a well-established and respected leader in the aerospace and defense industry, known for its technological expertise and its dedication to meeting the evolving needs of its customers.
Kratos Defense & Security Solutions (NASDAQ: KTOS)
Kratos Defense & Security Solutions may be a smaller player compared to some of the established giants in the defense industry, but it is making a significant impact through its sharp focus on innovation and disruptive technologies. Kratos is dedicated to developing cutting-edge technologies that address the evolving challenges of modern warfare, while also prioritizing affordability, a key differentiator in today’s competitive market. This commitment to delivering high-quality, cost-effective solutions makes Kratos a valuable partner for the U.S. government and its allies.
Operating in a highly competitive landscape, Kratos faces the challenge of competing with larger, more established defense contractors. However, the company embraces this challenge by relentlessly pursuing innovation and developing new technologies to maintain its competitive edge. Kratos understands that agility and a forward-looking approach are essential for success in the rapidly changing defense industry.
Despite these challenges, Kratos is well-positioned for future growth. The company’s dedication to innovation, affordability, and customer service has earned it a strong reputation as a reliable and responsive partner. By consistently delivering cutting-edge solutions that meet the evolving needs of the defense sector, Kratos is carving out a unique position in the market and establishing itself as a key player in the future of defense technology.
Mercury Systems (NASDAQ: MRCY)
Mercury Systems plays a critical role in enabling key defense programs by providing advanced technology solutions for a wide range of applications. These include mission-critical areas such as radar systems, electronic warfare systems, and C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance) systems. Mercury’s unwavering focus on security and reliability has earned it the trust of the U.S. government and its allies, solidifying its position as a key partner in the defense industry.
Operating in a highly competitive market, Mercury faces the ongoing challenge of competing with larger, more established defense contractors. However, the company embraces this challenge by prioritizing innovation and consistently developing new technologies to maintain its competitive edge. Mercury recognizes that agility and a forward-looking approach are essential for success in the rapidly evolving defense technology landscape.
Despite these challenges, Mercury is well-positioned for future growth. The company’s strong technology portfolio, combined with its focus on security and commitment to customer service, makes it a valuable and trusted partner for the defense industry. By consistently delivering cutting-edge solutions that meet the evolving needs of the defense sector, Mercury is poised to play a key role in shaping the future of defense technology.
Parsons Corporation (NYSE: PSN)
Parsons Corporation is a leading provider of innovative solutions for critical infrastructure, playing a vital role in protecting national security and supporting the development of smart and connected communities around the world. With deep expertise in areas such as cybersecurity, missile defense, and space, Parsons is at the forefront of addressing the complex challenges facing governments and businesses in today’s interconnected world. The company’s commitment to delivering cutting-edge solutions makes it a trusted partner for those seeking to enhance security, resilience, and efficiency in critical infrastructure.
Parsons operates in a competitive landscape, facing challenges from other large engineering and construction firms. However, the company embraces this competition by remaining dedicated to innovation and consistently developing new solutions to maintain its competitive edge. Parsons understands that agility and a forward-looking approach are essential for success in the rapidly evolving world of critical infrastructure development.
Despite these challenges, Parsons is well-positioned for future growth. The company’s strong track record, diverse portfolio of services, and unwavering commitment to innovation make it a valuable partner to governments and businesses worldwide. By consistently delivering cutting-edge solutions that address the evolving needs of critical infrastructure, Parsons is poised to play a key role in shaping a more secure, connected, and sustainable future.
United States Steel (NYSE: X)
United States Steel is a cornerstone of the American steel industry, with major integrated steelmaking operations in the United States and Central Europe. As a leading supplier of steel to diverse sectors, including automotive, appliance, construction, and energy, U.S. Steel plays a vital role in driving the U.S. economy. A robust domestic steel industry is essential for a strong manufacturing base, which in turn bolsters national security by ensuring the capability to produce critical equipment and infrastructure when needed.
U.S. Steel’s production capacity and commitment to research and development are crucial for meeting the evolving demands of the defense industry. The company’s ability to produce advanced high-strength steels and other specialized steel products is essential for constructing modern military vehicles, ships, and infrastructure. By providing these vital materials, U.S. Steel contributes directly to the technological advancement and readiness of the U.S. military.
U.S. Steel also recognizes the importance of investing in its workforce and the communities where it operates. This commitment is essential for maintaining a skilled labor pool and supporting the domestic manufacturing base. By providing well-paying jobs and contributing to the economic well-being of local communities, U.S. Steel helps ensure the long-term health and viability of the U.S. steel industry, strengthening its ability to support national security needs.
Energy Fuels (NYSE American: UUUU)
Energy Fuels stands as a leading U.S.-based uranium mining company and a key player in the nation’s nuclear fuel supply chain. Notably, they operate the only conventional uranium mill in the United States. With a diverse portfolio of uranium mines and projects across the Western U.S., Energy Fuels is vital to ensuring a secure and reliable domestic supply of this critical energy resource. The company also produces vanadium, a valuable metal used in high-strength steel alloys and aerospace applications.
Energy Fuels plays a crucial role in strengthening U.S. energy security. By providing a domestic source of uranium, the company helps reduce reliance on foreign suppliers for nuclear power plants, which generate a significant portion of the nation’s electricity. This domestic supply chain is essential for maintaining a stable and reliable source of clean energy, free from the potential disruptions of geopolitical instability.
In addition to its contribution to energy security, Energy Fuels plays a vital role in national security by supporting the domestic uranium industry. Maintaining a robust domestic uranium mining and processing capability is crucial for the long-term viability of the nation’s nuclear deterrent, reducing dependence on foreign sources of this strategically important material. Energy Fuels’ commitment to responsible mining and production practices ensures that this critical resource is sourced ethically and with minimal environmental impact.
By. Josh Owens
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Forward-Looking Statements
This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. The forward-looking statements in this publication are based on current expectations and assumptions about future events, geopolitical developments, trade policies, market conditions, the company’s strategic initiatives to address the critical shortage of antimony, and current expectations, estimates, and projections about the industry and markets in which the company operates. Factors that could change or prevent these statements from coming to fruition include, but are not limited to, the potential impact of the upcoming U.S. elections on various industries and specific companies, changes in government policies, market conditions, regulatory developments, geopolitical events and the company’s ability to successfully acquire and develop new antimony resources and fluctuations in antimony prices. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
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