Critical Minerals Becoming More Critical as U.S. Government's Proposed Funding Expected to Accelerate Growth

Executive Summary

• Military Metals Corp. reported high‑grade surface boulder samples from its West Gore Antimony‑Gold project in Nova Scotia (11.45% Sb & 21.5 g/t Au; 6.58% Sb & 0.992 g/t Au) and identified a previously unknown soil antimony anomaly.
• United States Antimony Corp. completed a $26.25 M securities purchase, bringing cash on hand to ~US$64 M to fund existing contracts, including a $245 M IDIQ with the U.S. Defense Logistics Agency.
• Critical Metals Corp. entered into a PIPE raising US$35 M to advance its 4.7‑billion‑ton Tanbreez rare‑earth deposit in Greenland.

Key Details

• Military Metals Corp. (MILIF) – West Gore Project
• Sample 247233: 11.45% Sb, 21.5 g/t Au.
• Sample 247234: 6.58% Sb, 0.992 g/t Au.
• Sample 247235 (quartz float): 3.49 g/t Au, 0.049% Sb.

• Soil‑orientation grid of 78 samples revealed a new antimony anomaly along an unexplored structure ~650 m SW of historic mine workings.

• United States Antimony Corp. (UAMY) – Financing

• Completed a securities purchase for aggregate proceeds of $26.25 M with the same institutional investor as the Aug‑27‑2025 offering.
• Post‑closing cash & federal securities investments ≈ $64 M.

• Funds to support pending transactions and a $245 M IDIQ contract with the Defense Logistics Agency (DLA) for antimony supply.

• Perpetua Resources Corp. (PPTA) – Additional U.S. Army Funding

• Awarded up to $6.9 M additional funding from the Defense Ordnance Technology Consortium (DOTC), building on a prior $15.5 M award.

• Funding earmarked for testing antimony trisulfide production from the Stibnite Gold Project for military‑specification munitions.

• Critical Metals Corp. (CRML) – PIPE Financing

• Entered into a securities purchase agreement to raise $35 M gross proceeds via a private investment in public equity (PIPE).

• Net proceeds will fund development of the Tanbreez rare‑earth deposit in Greenland (≈4.7 bn t resource).

• MP Materials Corp. (MP) – Public‑Private Partnership with DoD

• Announced a transformational partnership to build a second domestic magnet manufacturing facility (“10X Facility”) slated for commissioning in 2028, expanding U.S. rare‑earth magnet capacity to ~10,000 t/yr.

• Additional heavy‑rare‑earth separation capability to be added at the Mountain Pass plant.

• Industry Context

• The U.S. Department of Energy plans to issue NOFOs totaling up to $50 M for critical‑minerals technology acceleration, reflecting heightened governmental focus on domestic supply chains.

Notable Quotes

“We are thrilled that our early exploration reconnaissance … is already beginning to develop new exploration targets… highlighted by the newly identified soil anomaly and high‑grade surface samples of 11.45% and 6.58% antimony along with 3.49 g/t gold.” – Scott Eldridge, CEO & Director, Military Metals Corp.

“These investments … will further accelerate USAC's already rapid growth trajectory.” – Gary C. Evans, Chairman & CEO, United States Antimony Corp.

“We are honored to continue our work with the U.S. Army to secure a domestic source of antimony trisulfide.” – Jon Cherry, President & CEO, Perpetua Resources.

“This financing … further validates the opportunities ahead for Tanbreez and Critical Metals Corp.” – Tony Sage, CEO & Executive Chairman, Critical Metals Corp.