NevGold Just Pulled 53.7% Antimony Off the Surface in Nevada

The most recent company-specific release (2026‑05‑29) is that the Ministry of Environment of the Slovak Republic has formally cancelled the exploration licence for Military Metals’ flagship Trojarova antimony‑gold project. The company views the decision as unexpected and without proper justification, and plans to appeal within 15 days. It warns there is no assurance the appeal will succeed or restore the permit. A separate, non‑company item about NevGold’s Nevada surface sampling appeared the same day but is unrelated to Military Metals.

This is a severe, unexpected regulatory blow to the company’s core asset. The Trojarova project had just been advanced with a maiden NI 43‑101 inferred resource estimate (6.5 Mt at 1.02% Sb and 1.06 g/t Au, containing 67 kt antimony and 222 koz gold), positive 2025 drill results, and a cooperation agreement with the University of Košice. The licence cancellation throws the entire project into doubt. Even though the company intends to appeal, the wording makes it clear success is not guaranteed. For a junior exploration company heavily reliant on a single flagship deposit, losing the permit is a material negative that could force a complete strategic rethink, impair asset value, and drain cash reserves on legal battles. The market will likely re‑price the shares significantly lower.

Military Metals Corp. is a junior exploration company focused on antimony and gold, a critical‑minerals strategy aligned with Western supply‑chain security goals. The flagship Trojarova project in western Slovakia is 100% owned and was slated to be the largest antimony resource in the EU, based on a maiden inferred resource of 67 kt antimony and 222 koz gold. Other assets include the early‑stage Last Chance antimony project in Nevada and the West Gore antimony‑gold project in Nova Scotia, Canada. The company had been aggressively drilling Trojarova through 2025‑2026 and had just filed a technical report, before the licence cancellation.