As Western countries ramp up the production of military equipment, the shortage of antimony—a critical mineral—has become an increasingly pressing issue. This rare metal is indispensable, yet the United States currently produces zero domestic supply of antimony. To make matters worse, China implemented export restrictions on antimony this past summer, causing prices to skyrocket by 200% in just a few months.
Amid rising global conflicts and intensifying competition in high-tech industries, antimony has been cast into the spotlight as a strategic material. Securing new sources of antimony is now an urgent priority. One Canadian company, Military Metals Corp. (CSE: MILI; OTCQB: MILIF), was quick to identify this concerning trend. The company has been aggressively acquiring antimony assets across North America and Europe with the goal of establishing a supply chain independent of China.
Although antimony might not be a household name, it has played a critical role in war history. Today, it remains essential to modern military systems, being used in night vision equipment, missiles, ammunitions, and more. A disruption in the supply of antimony could cause catastrophic consequences for national security.
Beyond its military applications, antimony is also crucial for industries reliant on semiconductors, batteries, and solar panels. All of these sectors are linchpins of the modern world, making the global economy increasingly dependent on a stable antimony supply.
For decades, however, the United States has heavily relied on imports of antimony from China. China currently accounts for 50% of global antimony mining and 80% of the world’s antimony production. Earlier this year, China intensified its grip on critical mineral exports, restricting the supply of several vital materials, including graphite, germanium, gallium, and antimony. These export controls have pushed the price of antimony from just $12,000 per ton at the beginning of the year to $38,000 per ton today.
According to the U.S. Geological Survey, U.S. manufacturers consume over 50 million pounds of antimony annually. As a result, antimony has been officially listed as a “critical mineral,” and both the U.S. government and military are making significant efforts to localize antimony production.
In this challenging landscape, Military Metals has positioned itself to provide a solution. The company plans to redevelop the historically important West Gore Antimony Project in Nova Scotia, Canada. This mine was a major source of antimony during World War I, playing a vital role in Allied success. Additionally, Military Metals has acquired one of Europe’s largest antimony deposits—the Trojarova Antimony Mine in Slovakia.
While Military Metals’ stock price has fluctuated due to market conditions, its year-to-date growth still exceeds 700%, reflecting growing investor confidence in the company’s assets and strategy.
Compared to its competition, Military Metals is significantly undervalued. For instance, Perpetua Resources holds slightly larger antimony resources at 90,000 tons and boasts a market cap of $700 million. In the past six months alone, Perpetua’s stock price surged from $3 per share to $14 per share.
In contrast, Military Metals owns promising assets but is currently valued at just $25 million. For example, its Trojarova mine alone holds 60,998 tons of antimony, worth over $2 billion based on today’s spot prices. Furthermore, the company’s Trojarova deposit has a high antimony grade of 2.478%, which ranks among the most valuable grades worldwide.
The company controls historical assets like the West Gore Mine, a key wartime resource in the 20th century. Given China’s dominance in the antimony market today, revitalizing such assets holds immense strategic value.
Antimony is vital across industries, from ammunition to electronics and renewable energy technologies. As military and industrial requirements continue to grow, so does the demand for this metal.
With China holding a tight grip on global antimony supplies, Military Metals’ efforts to establish independent supply chains in North America and Europe are proving critical.
Western governments, including the U.S. and European Union, are supporting domestic production of key minerals. Military Metals’ projects are well-placed to benefit from these initiatives.
With demand for both renewable energy and high-tech applications booming, antimony prices will likely continue to climb in the coming years.
As geopolitical tensions rise and supply chains face increasing disruptions, critical minerals like antimony will play a decisive role in the global industrial and defense landscape.
With its strong foothold in both North America and Europe, Military Metals is emerging as a critical supplier to meet the growing demand for antimony. The company’s projects in Canada and Slovakia position it well to capitalize on skyrocketing prices and increasing Western reliance on secure, local sources of this vital metal.
At this critical juncture, Military Metals represents a unique investment opportunity as companies scramble to secure resources critical to national defense and modern industries. The time to invest in antimony is now—and Military Metals may just be the stock to watch.
