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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

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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