Military Metals Expands West Gore Antimony Project with Additional Claims

Military Metals Corp. (CSE: MILI) (OTC Pink: MILIF) (FSE: QN90) has announced the signing of a binding LOI to acquire further claims surrounding its West Gore Antimony Project, consolidating the mineralized area and gaining complete coverage over the entire antimony-gold system. The newly acquired ground adds 388 hectares to the immediate northwest of the Project, comprising the balance of the West Gore antimony-gold mineralized system and its historical mine workings. The Company has a three-year option to acquire a 100% interest in the licenses for $235,000 spread over the term, with the sellers receiving a 3% Net Smelter Royalty (NSR) with standard buy-back provisions. The Definitive Agreement is expected to be announced within ten days.

The West Gore Antimony Project is a brownfield project with past production, historical high-grade drill results, and an underground mine with large stockpiles of mineralized antimony and gold by-product. The Project consists of four exploration licenses covering 585 hectares in Nova Scotia, Canada. The acquisition of additional claims allows Military Metals to explore and develop the entire mineralized system, potentially increasing the total mineralized area and reserves at West Gore.

The historical West Gore mines have a mining history dating back to 1883 and were a significant source of antimony during the First World War, with most of the production being shipped to England. Total production of gold and antimony between 1883 and 1917 remains unknown, but between 1914 and 1917 alone, nearly 32,000 metric tons were mined, yielding over 7,000 metric tons of antimony concentrate grading 46% antimony. The total amount of gold recovered up to 1917 was estimated to be nearly 6,900 ounces.

With the acquisition of the new claims, Military Metals has gained complete coverage over the entire mineralized system, including all the historical mine workings and known antimony-gold occurrences with additional ground along trend in both directions. This enables the Company to approach this antimony-gold system in its entirety to unlock future value. All relevant data are in the process of being compiled into an integrated digital database, with exploration plans to follow.

The acquisition of additional claims at the West Gore Antimony Project aligns with Military Metals' strategy to become a significant global antimony player. By gaining access to historical resources, infrastructure, strategic location, diversification of revenue streams, alignment with market demand, and potential for future growth, the Company positions itself to capitalize on the increasing demand for antimony in various applications, such as flame retardants, lead-acid batteries, and military equipment. As a critical mineral, antimony is in high demand, and Military Metals' expansion at West Gore places the Company in a strong position to benefit from this demand.

In conclusion, Military Metals' acquisition of additional claims at the West Gore Antimony Project is a strategic move that consolidates the mineralized area and provides the Company with the opportunity to explore and develop the entire antimony-gold system. With a strong focus on becoming a significant global antimony player, Military Metals is well-positioned to capitalize on the increasing demand for this critical mineral.