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The New Race For North American Antimony Supply

August 28, 2024
x min read
The New Race For North American Antimony Supply
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PPTA
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-9.89
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-9.89
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UAMY
-8.04
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-8.04
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Critical minerals have been seeing an enormous surge in demand due to the global energy transition. But now, companies are scrambling to find domestic sources of supply for a critical mineral used in combat: antimony.

What’s happening:

Who is making moves:

  • Perpetua Resources (TSX: PPTA) is currently advancing a large scale antimony mining project that has received backing from the Pentagon and the Export-Import Bank of The United States
  • United States Antimony (NASDAQ: UAMY) currently has the only permitted and operational antimony smelter in North America which is located in Thompson Falls, Montana
  • Nova Minerals (NASDAQ: NVA) recently completed a feasibility study for their antimony property located in Alaska and are aiming to officially begin drilling in the near future

By the numbers:

  • China, Russia and Tajikistan currently produce about 90% of all the antimony supply globally

Going deeper:

  • Antimony has many different applications as a material input for military grade weapons and equipment, including infrared sensors, ammunition and even missiles
  • China has been restricting the exportation of numerous critical metals and minerals recently, including gallium which is an important input for semiconductor manufacturing

The intrigue:

  • Antimony is a very scarce metal largely because it is primarily extracted from stibnite, which is a mineral that is rarely found in large isolated deposits

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