Military Metals talks up Trojarova antimony project

Executive Summary

• Military Metals Corp. highlights the World Economic Forum's (WEF) November 13, 2025, analysis on antimony as a critical mineral, noting that the WEF explicitly linked the company's Slovakian Trojarova project to global efforts to diversify antimony supply chains away from dominant producers like China, Russia, and Tajikistan.
• The WEF report identifies upstream mining bottlenecks and recent Chinese export restrictions (driving prices to ~$50,000/tonne) as key drivers for the urgent need for non-Chinese antimony sources, specifically highlighting Central and Eastern Europe.
• CEO Scott Eldridge stated the acquisition of Trojarova was driven by the strategic need for a secure, non-Chinese antimony supply in Europe, potentially eligible for EU strategic backing or public-private partnerships.

Key Details

• WEF Report Context: The WEF article "From rare earths to antimony: a strategic approach to critical mineral supply" (Nov 13, 2025) emphasizes supply chain vulnerabilities due to China, Russia, and Tajikistan controlling over 90% of global antimony mine production.
• Market Dynamics: Recent Chinese export restrictions have pushed antimony prices to as high as $50,000 (U.S.) per tonne.
• Supply Chain Bottleneck: The WEF identifies the primary bottleneck as upstream mining capacity rather than refining capacity, which is underutilized outside of China.
• Geographic Focus: The WEF specifically points to antimony projects in Central and Eastern Europe, notably Slovakia, as critical for re-establishing secure supply chains.
• Company Alignment: The WEF article provided a hyperlink directly to Military Metals' acquisition of the Slovakian projects.
• Strategic Tools: The WEF recommends long-term offtake agreements and mineral-specific industrial strategies to build resilience.
• CEO Commentary: CEO Scott Eldridge emphasized that the Trojarova project is "strategically critical" for developing a secure, non-Chinese antimony supply in Europe.
• Project Potential: The Trojarova project's location in Slovakia may make it eligible for public-private partnerships, critical mineral funding, or European Union strategic backing.
• Risk Disclosure: The company is in early stages of exploration; it has no offtake agreements in place, is not currently negotiating any, and faces uncertainties regarding financing, permits, and production timelines.
• Disclaimer: The WEF commentary is for general industry context only and does not constitute an endorsement of the company or its projects.

Notable Quotes

• "The World Economic Forum's analysis underscores exactly why we acquired Trojarova: to responsibly explore and hopefully develop a secure, non-Chinese supply of antimony in Europe. We believe our Slovakian project is not just compelling. It's strategically critical." — Scott Eldridge, Chief Executive Officer and Director