Military Metals wins four-year Slovak licence lifeline

AI desk brief

Military Metals secured a four-year extension for its Trojárová antimony-gold exploration licence in Slovakia after the Environment Ministry reversed a May cancellation as unlawful. The permit now runs to Oct. 18, 2030, and the company says the project could help address Europe’s heavy reliance on external antimony suppliers, though mining and production still require further environmental, technical and community approvals.

The Trojárová resource is estimated at 6.5 million inferred tonnes grading 1.02% antimony and 1.06 g/t gold, containing about 67,000 tonnes of antimony and 222,000 oz of gold. Shares jumped 28% on the news, but the company has not set a construction or production timetable.