Tag: Military Metals Corp

Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the “Company” or “MILI”) is pleased to report the commencement of a 10 hole, 2500-meter, definition drilling campaign at the company’s 100% owned flagship Trojarová Antimony Gold Project (the “Project”) in Slovakia, and the appointment of David Murray P.Geo as Vice President of Exploration.

Highlights of the Campaign Include:

• Up to 10 diamond drillholes (see drill hole map below)
• Up to 2500m of drilling
• 7 holes designed to confirm historical drilling results and update SLR Consulting’s ongoing mineral resource estimate on the Project
• 3 holes designed to test the deposit for NW strike continuity

Scott Eldridge, Chief Executive Officer of the Company, commented, “The commencement of this drilling campaign at our flagship Trojarová Project is a milestone achievement. The results of this program will allow for the completion of the Project’s mineral resource estimate early in 2026 and serve as a launch pad for continued advancement of this strategic asset. Furthermore, on behalf of the board, management and our shareholders, I am excited to welcome David Murray as our Vice President of Exploration. He brings 15 years of international mineral industry experience. I look forward to working directly with David to unlock the geological potential of our antimony portfolio. His technical skills will be an asset to the Company. I also wish to sincerely thank Mr. Avrom Howard for his invaluable contributions to the role of VP Exploration over the past year.”

History of the Project and Historical Resource

Discovered nearly fifty years ago, Trojarová was the focus of extensive surface and underground exploration over 2km of strike length between 1983 and 1995, including 63 diamond drillholes totaling 14,330 meters, and 1.7 kilometers of underground workings. Historical exploration efforts culminated in a historical mineral resource estimate published by the Slovak Geological institute in 1992 (see “Historical Resource Estimates” below). Per this historical estimate, at a cut-off grade of 1.0% antimony, Trojarova hosts 2.46 million tonnes averaging 2.47% antimony and 0.635 grams per tonne gold in a mineralized zone averaging 3.32 meters wide, containing approximately 60,000 tonnes of antimony insitu. The historical estimate at Trojarová was classified using the Slovak version of the newly post-Soviet Russian classification system, which uses categories not directly comparable to modern standards as defined by the Canadian Institute of Mining, Metallurgy & Petroluem (“CIM”) Definition Standards for Mineral Resources & Mineral Reserves. The Slovak Geological Institute, the State agency that carried out all exploration and underground development work at Trojarová, classified the resource as “P1” in the Slovak version of the Russian classification system. P1 is most comparable in CIM’s classification system to “Inferred Mineral Resources,” which is defined by the CIM as that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence gathered through appropriate sampling techniques from locations such as outcrops, trenches, pits, workings and drill holes. A qualified person has not done sufficient work to classify the historical estimate as current, and the Company is not treating the historical estimate as current. For additional information relating to the historical estimate see below under the heading “Historical Resource Estimates”.

The Company announced January 8^th, 2025, that SLR Consulting had been engaged to complete a modern mineral resource estimate of the Trojarová Project. The current drill program supports this work by seeking to confirm historical results and validate preliminary resource models.

Preliminary modelling of historical data indicates the Trojarová deposit may display a trend of thickening and increasing antimony grades to the NW. The Company has targeted projected extensions of the deposit along this vector with 3 of the 7 planned drillholes with the aim to expand the current extents of the known deposit.

Appointment of New Vice President of Exploration

Mr. Murray is a professional geoscientist with 15 years of experience in mineral exploration and mining. His technical experience has been gathered throughout the Americas and Europe in exploration and resource geology roles, with various technical consultancies and major mining companies including Goldcorp and Newmont. David’s commodity experience is diverse specializing in orogenic gold systems and including porphyry deposits, volcanogenic massive sulphide (VMS) deposits, magmatic Ni + Cu + PGE, carbonate hosted Zn, Pb + Ag, HREE and LREE as well as LCT Li pegmatites and Li brine deposits. Mr. Murray holds a Bachelor of Science with an Advanced Major in Geoscience from St. Francis Xavier University in Antigonish, Nova Scotia.

Mr. Murray’s top technical priority will be to unlock shareholder value through the definition and growth of mineral resources at Trojarová and MILI’s other antimony and related critical metals projects, along with assessing additional opportunities that may come to the Company’s attention. MILI welcomes him to its executive management team on behalf of the Company’s shareholders.

Figure 1. Historical and proposed diamond drillholes at the Trojarová antimony & gold project, western Slovakia.

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About the Project

Discovered in the late 1970s, Trojarová was the focus of extensive surface and underground exploration from 1983 to 1995, with 63 core holes for a total of 14,330m, and 1.7km of underground workings completed. Efforts continued over the years as additional trenches were dug, and holes were drilled. Starting in 1990, underground development work began ultimately comprising a 300-meter-long adit connected to a 700-plus meter-long drive in the footwall of the mineralized zone with seven crosscuts into the mineralized zone for sampling purposes. These efforts culminated in a multi-volume study comprising drill logs, analyses, drill plans, maps and sections, deposit model studies, petrographic studies, metallurgical studies and more, culminating in a multi-volume compendium of reports produced by the Slovak Geological Institute published in 1992.

Options Grant

The Company is pleased to announce it has granted an aggregate of 300,000 stock options (the “Options“) to David Muray to purchase 300,000 common shares (the “Shares“) in the capital of the Company pursuant to the Company’s share option plan (the “Option Grant“). The Options, which vest immediately, are exercisable at an exercise price of $0.50 per Share for a period of five years from the date of grant.

The technical contents of this release were reviewed and approved by David Murray, P.Geo, VP-Exploration for Military Metals and a qualified person as defined by National Instrument 43-101.

For more information about Military Metals Corp. and its critical minerals initiatives, please visit: https://www.militarymetalscorp.com.

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About Military Metals Corp.

The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.

Historical Resource Estimates

This news release includes disclosure of a historical resource estimate. A qualified person has not done sufficient work to classify the historical estimate included in this Presentation as current mineral resources or mineral reserves. The Company is not treag the historical estimate as current mineral resources or mineral reserves.

The historical estimate quoted in this Presentation related to the Trojarova Property was taken from a compendium produced by the Slovak Geological Survey, completed in March 1992 based on exploration work undertaking in the 1980s and 1990s. It is entitled (English translation): “FINAL JOB REPORT, PEZINOK-TROJAROVA, Geological Survey State Enterprise”, report compendium number 78406 (Michel et al, 1992).

The Slovak Geological Institute, the state agency that carried out all exploration and underground development work at Trojarová, classified the historical resources as “P1” and “C2” in the Slovak version of the Russian classification system, respectively. These are closest within the Canadian Institute of Mining, Metallurgy & Petroleum’s (“CIM”) classification system to “inferred mineral resources,” which is defined by the CIM as that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence gathered through appropriate sampling techniques from locations such as outcrops, trenches, pits, workings and drill holes.

The historical work carried out appears comprehensive, detailed and at a professional standard. The Company considers this historical data to be relevant as the Company will use these data as a guide to plan future exploration programs. The Company also considers the data to be reliable for these purposes. However, considerable work needs to be completed before it will be possible to classify mineralization documented at Trojárova as current mineral resources. The historical drill logs need to be translated and transcribed into a logging format suitable for resource estimation purposes. All historical collar locations along with the underground maps need to be digitized and georeferenced. All data need to be transferred to an independent, arm’s length resource estimation specialist so that a three-dimensional digital deposit model can be constructed, based upon which the number, length and orientation of twin and infill holes necessary so that the historical resource can be classified as current mineral resources can be determined.

Forward-Looking Information

This news release contains “forward-looking information”. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this news release includes the future drilling and exploration work at Trojarová, the development of a custom antimony analytical standard, the continuation of the value of antimony, and the future needs of Europe and the E.U. specifically. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. These include geopolitical developments related to the supply and value of antimony, the continued use of antimony and availability of alternatives, availability of capital and labour in respect of the property that is the subject of this news release, the results of any future exploration activities, which cannot be guaranteed, and any other future activities in respect of the property held by the Target. Additional risk factors can also be found in the Company’s public filings under the Company’s SEDAR+ profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward looking statements if circumstances, management’s estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273101

Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the “Company” or “MILI”) reports the analyses of five samples of antimony (stibnite) and gold-rich mineralized material taken from a historical mine stockpile at the Company’s 100% owned past producing West Gore antimony-gold project (“West Gore” or “the Project”) located in the Province of Nova Scotia, Canada. These samples were collected as part of efforts to characterize the historical deposit to optimize initial exploration methods. These high-grade results support the documented grades of material historically mined between 1914-1917 when West Gore was one of Canada’s most significant antimony producers during World War One, to support the allied war effort. These results complement the announcement on July 8, 2025 that the Company had identified new drill targets extending well beyond the area of previous mining, plans to commence a drill program are currently being finalized.

Historical Stockpile Sample Highlights:

• Highest grade sample returned 40.6 percent (%) Antimony and 106.5 Grams Per Tonne (gpt) in sample 247228 (Antimony samples ranged from 2.12% to 40.6%, gold samples ranged from 11.75 gpt to 106.5 gpt
• Additional high-grade antimony results included 23.5% and 18.1% in samples 247230 and 247232, respectively
• Additional high-grade gold results included 27.4 gpt and 25.8 gpt in samples 247232 and 247230, respectively
• Average antimony results over all five samples of 17.94%
• Average gold results over all five samples of 34.68 gpt
• 3 high priority drill targets that were never previously identified will be drill tested in an upcoming work program

Scott Eldridge, CEO of Military Metals, stated: “The recent samples collected of up to 40.6% antimony seen in massive stibnite, the mineral that hosts antimony, from our project area have returned some spectacular results, reinforcing our exploration plan to commence drilling. With additional exploration, we can further unlock the potential of our asset and, play a strategic role in the critical minerals supply chain at a time when secure, domestic sources of antimony are in growing demand. Today’s results also demonstrate the gold values that could be an important by-product or co-product as we prepare to drill. We are extremely encouraged by the high antimony and gold grades of these five specimens from the past producing mine at our Nova Scotia project. We look forward to advancing this discovery through further exploration and unlocking its full value for our shareholders. Nova Scotia’s government, led by Environment Minister Tim Halman, has announced updates to the approval process for metal-mining projects aimed at accelerating timelines. In summary, the new rules are designed to streamline mining approvals and benefit industry progress.”

Summary of Results:

Historical documentation reports that 32,000 metric tons were mined at West Gore in turn producing 7,000 metric tons of concentrate grading 46% antimony yielding 3,220 metric tons of antimony metal, and 6,861 ounces of gold (source: NI 43-101 Technical Report for the West Gore Sb-Au Project, May 25, 2021, prepared by M.S. King, PGeo & M.C. Corey PGeo, May 25, 2021, for Battery Elements Corp). This indicates recovered grades of 10.06% antimony and 0.21 ounces per ton (6.5 gpt) gold, historically. Historical mining was both small-scale and selective, almost certainly enhanced by hand sorting at surface prior to processing. Commercial production ceased in 1917.

Table 1 below displays the analytical results for antimony and gold from the five samples. Antimony varies from a low of 2.12 to a high of 40.6%, for an average of 17.94%; gold varies from a low of 11.75 to a high of 106.5 gpt, for an average of 34.68 gpt (uncapped). These grades support the accuracy of historical documentation of mined grades. Of mineralogical interest is the fact that two of the samples, 247230 and 247231, ran 2.01 and 2.81% lead, respectively.

Table 1: Sample Results

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Note: Grab samples are selective by nature and samples visually estimated to be high-grade were intentionally selected for characterization in this exercise. The results presented in this news release should not be considered overall representative of the historically exploited West Gore deposit or the stockpile from which they were chosen. The historical nature of this stockpile is unknown.

Image 1: Sample 247228 Demonstrating Massive Stibnite

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Quality Assurance and Quality Control:

The samples were analyzed at the laboratories of ALS Canada in Vancouver. Samples were crushed, split, ground, split, and a 35 gram portion subjected to a four-acid digestion followed by Induction Coupled Plasma (“ICP”) – Mass Spectrometry (“MS”) analysis. Over-limit samples for gold and antimony (all five of them) were analyzed by fire assay and ICP- Atomic Emission Spectrometry (“AES”) analysis, respectively. Internal Quality Assurance – Quality Control protocols were followed by the lab including blanks, standards, and duplicates to ensure analytical accuracy.

Mining History and Geology of the Region:

Gold in Nova Scotia was first discovered in 1860, which led to gold rushes throughout many parts of the province over the years following. Gold production in the Rawdon hills began in 1884 and continued until 1932 from several mines. Gold deposits of Nova Scotia’s Meguma Terrane typically occur as relatively shallow-dipping, bedding-parallel “saddle reef” type vein systems controlled by regional fold structures. Gold deposits of the Rawdon area, which is found at the east edge of West Gore, are uniquely characterized by the occurrence of steeply east-dipping gold-bearing veins striking north-northwest across bedding. The Government of Nova Scotia’s Mineral Occurrence Database reports that historical production from the Rawdon Hills area mines totaled 13,494 ounces. Antimony is a common accessory element in many gold mines around the world, occasionally occurring in higher concentrations.

The technical contents of this release were reviewed and approved by David Murray PGeo, President and Principal Consultant of Resourceful Geoscience Solutions Inc. of Halifax, Nova Scotia, a consultant to the Company, and qualified person as defined by National Instrument 43-101. Mr. Murray has independently verified that the historical information presented here about the West Gore deposit is consistent with the historical records available.

For more information about Military Metals Corp. and its critical minerals initiatives, please visit: https://www.militarymetalscorp.com.

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About Military Metals Corp.

The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.

ON BEHALF OF THE BOARD of DIRECTORS

This news release contains “forward-looking information”. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-Looking information in this news release includes statements related to the Company’s exploration of the Project, including exploration activities at West Gore such as its anticipated future drill program, and the potential for further activities beyond the exploration stage, or the ability of the Company to be part of the supply chain of either antimony or gold. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. Additional risk factors can also be found in the Company’s public filings under the Company’s SEDAR+ profile at www.sedarplus.ca. Forward-Looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management’s estimates, or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259593

Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the “Company” or “Military”) is pleased to announce that it has appointed DGWA GmbH as its European financial market advisor to support its 100% owned flagship Trojárová antimony-gold property (“Trojárová” or the “Property”), located in western Slovakia.

DGWA’s CEO, Stefan Müller, comments: “The European Union has allocated billions of Euros towards the development of domestic critical minerals projects in the form of equity, grants, offtake financing and project finance loans. Additionally, Germany and greater Europe now have a significant number of commodity funds focused on domestic projects. Antinomy is a key mineral listed in Europe’s Critical Raw Materials Act, which has also adopted a fast-track permitting process unseen in other parts of the world. We look forward to supporting the advancement of the Trojarova asset. We are aware that European defense sector companies are actively seeking to secure offtake of key minerals such as antimony.”

Military Metals CEO, Scott Eldridge, comments: “Antimony prices continue to achieve new all-time highs due to supply constraints combined with surging demand, some analysts are predicting prices reaching US $100,000 per ton, representing a double of the current price.¹ As we advance our European asset, we look forward to working with Mr. Müller and his highly experienced team. Governments around the world continue to prioritize military readiness, as recently seen with Germany’s €2.5 billion weapons order.² DGWA has helped mineral projects access a substantial number of funds from various European sources. We are in the process of converting the robust high-grade Soviet era resource into a NI 43-101 compliant resource with a top global resource firm, SLR.”

DGWA will provide the following services:

• Arrange site visits to the Project with key investors,
• Organize European roadshows with retail, HNI, brokers, Family Offices and institutional investors,
• Assist with grant funding applications to access non-dilutive financing,
• Introduce the Company to European newsletter writers,
• Introduce the Company to key German and European defense sector companies,
• Arrange participation and representation in European Union raw materials conferences,
• Translation of important presentation materials for European investors into the German language, to manage social media accounts,
• Manage the translation and distribution of press releases on behalf of the Company,
• Post on its website and newsletters, to position the Company in the German speaking media environment and to assist the Company to present to German speaking retail and institutional investors, potential offtake partners and government.

About DGWA GmbH

DGWA, the German Institute for Asset and Equity Allocation and Valuation (“Deutsche Gesellschaft für Wertpapieranalyse GmbH”), is a European Investment Banking Boutique based in Frankfurt, Germany. The management team has a 30-year track record in trading, investing, and analysing SMEs around the world. DGWA has been involved in over 250 IPOs, financings, bond issues, dual listings, and corporate finance transactions as well as corresponding road shows and awareness campaigns.

About Military Metals Corp.

The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.

ON BEHALF OF THE BOARD of DIRECTORS

This news release contains “forward-looking information”. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-Looking information in this news release includes statements related to the future plans for exploration activities. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. These include the results of any future exploration activities, which cannot be guaranteed, and such other factors as may impact both the Acquisition and any future activities in respect of the properties held by the Target. Additional risk factors can also be found in the Company’s public filings under the Company’s SEDAR+ profile at www.sedarplus.ca. Forward-Looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management’s estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.

(1)https://www.livewiremarkets.com/wires/the-100-000-metal-unlocking-investment-potential-in-antimony-s-supply-crisis?utm_campaign=&utm_medium=wire-page-share&utm_source=twitter&utm_content=the-100-000-metal-unlocking-investment-potential-in-antimony-s-supply-crisis
(2)https://www.reuters.com/world/europe/germany-approves-weapons-worth-about-26-billion-bloomberg-news-reports-2025-01-29/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239695

Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the “Company” or “MILI”) is pleased to report that it has completed additional staking of claims surrounding the Last Chance antimony-gold property, located in Nye County, Nevada, just over 70km north of the town of Tonapah and 12km due west of Kinross’ Round Mountain gold mine. The Company recently entered into a letter of intent to acquire the Last Chance antimony-gold property. Please refer to the Company’s news release dated November 14, 2024, for additional details about the Last Chance property.

Scott Eldridge, Chief Executive Officer of the Company, commented, “Antimony prices have now risen to $38,000 USD per tonne, making antimony the top performing commodity thus far for 2024. China’s export restriction that came into play September 15, 2024, has created a supply crunch that has magnified the need for domestic development of defense sector metals. This additional staking solidifies complete coverage of what we believe is the entire mineralized system surrounding the Last Chance antimony-gold property.”

Location map, Last Chance Property

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Historical antimony-gold occurrences and a solitary shaft where limited historical production is recorded occur within a sequence of Paleozoic carbonates and Lower Mesozoic metamorphosed shales and carbonates; A series of ultramafic dykes as well as younger felsic intrusives and extrusives cut this sequence at several locations. Mineralization is structurally controlled, with folding, faulting and quartz veining seen throughout the metamorphosed sedimentary sequence at several locations across the property.

A fence of claims was staked surrounding the Last Chance property to ensure that additional ground considered potentially prospective remains available to the Company when it begins its first field campaign scheduled for Q2/2025.

The technical contents of this release were reviewed and approved by Avrom E. Howard, MSc, PGeo, geological consultant to Military Metals and a qualified person as defined by NI 43-101.

About Military Metals Corp.

The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.

ON BEHALF OF THE BOARD of DIRECTORS

This news release contains “forward-looking information”. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-Looking information in this news release includes statements related to the completion of a binding agreement and closing of the acquisition of the Last Chance Gold Property, as well as future plans for exploration activities, and assumptions related to the continuation of the global demand for antimony. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. These include meeting the conditions to close the acquisition of the Last Chance Gold Property, geopolitical developments related to the supply of antimony, the continued use of antimony and availability of alternatives, availability of capital and labour in respect of the properties that are the subjects of this news release, the results of any future exploration activities, which cannot be guaranteed, and such other factors as may impact both and any future activities in respect of the properties. Additional risk factors can also be found in the Company’s public filings under the Company’s SEDAR+ profile at www.sedarplus.ca. Forward-Looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward looking statements if circumstances, management’s estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231755

Military Metals Corp. (CSE:MILI) (OTCQB: MILIF) (FSE: QN90) (the “Company” or “MILI”) has issued an invitation to tender bids for carrying out a mineral resource estimation at the Company’s Trojarová antimony-gold property in Slovakia. Three companies with recognized technical credentials were selected to submit bids.

Trojarová, located in the heart of Europe, had prior development and production operations in respect of antimony. Historical resource estimates were produced in connection with Soviet era work conducted on the property, in accordance with the Russian classification system at the time. Please refer to the Company’s news release dated October 30, 2024 for more detailed information about this antimony-gold deposit and the prior estimates. The historical work conducted is instructive as to future work programs to be conducted by the Company.

The Company expects to receive bids by December 20, 2024 and to make a decision by year’s end as to which company it will commission with a three-fold task:

1. Input all historical data into a digital data base, including drill logs and analyses, plans, section, underground geological mapping and sampling, historical block modeling and all other relevant data, in order to generate an independent three-dimensional model and seek to verify the accuracy of the historical estimates on the property:
2. Make recommendations to management in regard to the number, location, orientation and depth of twin and infill holes to be drilled, along with all quality assurance, quality control protocols, in order that the non-compliant historical resource can be upgraded and classified as a mineral resource in accordance with current industry standards;
3. On completion of the new drill program outlined in items 1 and 2 above, input all newly generated drill data and prepare a “maiden” mineral resource estimate.

Management eagerly awaits receipt of bids and then plans to move forward with the above three step program. With continuation of high antimony prices and demand, management believes that conducting work on Trojarová can add significant value for shareholders.

The technical contents of this release were reviewed and approved by Avrom E. Howard, MSc, PGeo, geological consultant to Military Metals and a qualified person as defined by NI 43-101.

About Military Metals Corp.

The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.

This news release contains “forward-looking information”. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this news release includes statements related to the filing of a NI 43-101 compliant technical report, activities related to the classification of mineralization documented at Trojarova as a current mineral resource, work to be conducted by the successful bidding party for the work described in the news release, future drill programs and other exploration work, and any future plans for activities at Trojarova. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. These include, geopolitical developments related to the supply of antimony, the continued use of antimony and availability of alternatives, future prices of antimony, availability of capital and labour in respect of Trojarova, any required approvals related to exploration activities to be conducted, the completion of successful bids as part of the process outlined in the news release, the results of any future exploration activities, which cannot be guaranteed, and such other factors as may impact any future activities in respect of the properties held by the Company. Additional risk factors can also be found in the Company’s public filings under the Company’s SEDAR+ profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management’s estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231241

Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90)(the “Company” or “Military”) is pleased to announced that it has closed its previously disclosed transaction, pursuant to which 1509149 B.C. Ltd., a wholly-owned subsidiary of the Company, amalgamated with 1458205 B.C. Ltd. (the “Target“) such that the Company has acquired 100% of the issued and outstanding common shares in the capital of the amalgamated entity (the “Transaction“).

In connection with the Transaction, the Company issued 10,000,000 Common shares in the capital of the Company (the “Company Shares“), at a deemed issuance price of $0.56 per Company Share, to the shareholders of the Target. Previously, it was contemplated that the Company would assume the Target’s obligations in respect of 3,499,997 share purchase warrants, which were to become exercisable into Company Shares on closing, however the parties to the Transaction have amended the terms, and such obligation is not being assumed by Military. The Company Shares issued are not subject to resale restrictions under applicable Canadian securities laws.

About the Projects:

The Transaction results in the Company acquiring three mineral exploration projects in Slovakia, being the Trojarová antimony-gold project, the Tiennesgrund antimony-gold project, and the Medvedi tin project. It is the intention of the Company to produce a technical report under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) in connection with Trojarová. The Company also intends to file a Business Acquisition Report for the Transaction in accordance with the requirements of applicable securities laws.

About the Trojarová Antimony-Gold Project
As first reported in the Company’s news release regarding Trojarová dated October 30, 2024, discovered in the late 1970s Trojarová was the focus of extensive surface and underground exploration from 1983 to 1995, with 63 core holes completed for a total of 14,330m, along with 1.7km of underground development starting in 1990, ultimately comprising a 300-meter-long adit connected to a 700-plus meter-long drive in the footwall of the mineralized zone with seven crosscuts into the mineralized zone for sampling purposes. These efforts culminated in a multi-volume study comprising drill logs, analyses, drill plans, maps and sections, deposit model studies, petrographic studies, metallurgical studies and more, culminating in a multi-volume compendium of reports produced by the Slovak Geological Institute published in 1992. The historical estimate at Trojarová was classified using the Slovak version of the newly post-Soviet Russian classification system, which is not directly comparable to or compatible with the western system as defined by the Canadian Institute of Mining, Metallurgy & Petroluem (“CIM Definition Standards for Mineral Resources & Mineral Reserves”). The Slovak Geological Institute, the State agency that carried out all exploration and underground development work at Trojarová, classified the resource as “P1” in the Slovak version of the Russian classification system. P1 is closest within the Canadian Institute of Mining, Metallurgy & Petroleum’s (“CIM”) classification system to “Inferred Mineral Resources,” which is defined by the CIM as that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence gathered through appropriate sampling techniques from locations such as outcrops, trenches, pits, workings and drill holes.

The 1992 Report contains a table featuring ten alternate historical resource estimates, five focused on the antimony component of the mineralized system and five on its gold component, each group of five featuring decreasing tonnage at increasing grade for antimony and gold, respectively. This table is shown below.

Historical alternate resource estimate scenarios for Trojarova
(source: Michel et al, 1992)

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Upon completion of the Amalgamation, the Company will move forward to verify this historical estimate through a program of confirmation drilling so that it is able to classify mineral resources at Trojarová as current, in accordance with National Instrument 43-101.

Map showing the location of Military’s properties in Slovakia

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Investor Relations Engagements:

The Company further announces entry into agreements related to marketing and investor relations. Further to the news releases announced on October 24, 2024, the Company engaged Clarkham Capital (“Clarkham“) to provide investor relations services with a focus on the German stock market and the German-speaking investment community in support of the company listing on the Frankfurt Stock Exchange (the “Clarkham Agreement“) with a commencement date of November 18, 2024. Pursuant to the terms of the Clarkham Agreement, Clarkham will, among other items, provide the Company with marketing services, which includes social media management, content creation, distribution, digital marketing, including, but not limited to, the preparation of articles and coverages on multiple financial platforms and newsletters, and translation and distribution of press releases in Germany and any other marketing services as agreed upon by the Company and Clarkham (the “Clarkham Services“). The Clarkham Agreement has a term of two (2) months and is anticipated to commence on or about November 18, 2024. The Company will make a one-time payment to Clarkham of EUR 200,000 (CAD$298,340), as consideration for the Services. Sebastian Korbach will be providing the Clarkham Services to the Company on behalf of Clarkham and may be contacted at +44-20-38839398 or cc@clarkham.com. The Company will not issue any securities to Clarkham as compensation. Both Clarkham and Sebastian Korbach are arm’s length to the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right to acquire such an interest.

Additionally, the Company entered into a one-time media services arrangement with Robert Sinn (“Sinn“) in which Sinn will provide the Company with marketing services, which includes, video content creation, distribution, digital marketing, in connection with a video interview being conducted by Sinn (the “Sinn Services“) for distribution on popular investor platforms such as BNN Bloomberg. The Sinn Services will commence on November 20, 2024. The Company will make a one-time payment to Sinn of $2,500 USD, as consideration for the Sinn Services. Sinn and may be contacted at +352-613-2850 or ceotechnician@gmail.com, or Suite 508, 416 SW 1st Avenue, Fort Lauderdale, FL, 33301. The Company will not issue any securities to Sinn as compensation. Sinn is arm’s length to the Company and does not have any interest, direct or indirect, in the Company or its securities nor does he have any right to acquire such an interest.

On November 15, 2024, the Company entered into a media services contract (the “NIA Agreement“) with GRA Enterprises LLC, DBA National Inflation Association (“NIA“). Pursuant to the terms of the NIA Agreement, NIA will, among other items, provide the Company with marketing services, which includes social media management, content creation, distribution, digital marketing, and any other marketing services as agreed upon by the Company and NIA (the “NIA Services“) for distribution on popular investor platforms such as BNN Bloomberg and Benzinga. The NIA Agreement has a term of thee (3) months and is anticipated to commence on or about November 18, 2024. The Company will make a one-time payment to NIA of US$30,000, as consideration for the Services. Gerard Adams will be providing the NIA Services to the Company on behalf of NIA, and may be contacted at +973-277-7674 or inflationusceo@gmail.com, or 112 Camp Lane, Mooresville, NC 28117. The Company will not issue any securities to NIA as compensation. Both Gerard Adams and NIA are arm’s length to the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right to acquire such an interest.

The technical contents of this release were reviewed and approved by Avrom E. Howard, MSc, PGeo, geological consultant to Military Metals and a qualified person as defined by NI 43-101.

About Military Metals Corp.

The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.

This news release contains “forward-looking information”. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this news release includes statements related to the filing of a NI 43-101 compliant technical report, the filing of the Business Acquisition Report, as well as future plans for exploration activities, and for marketing. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. These include, geopolitical developments related to the supply of antimony, the continued use of antimony and availability of alternatives, availability of capital and labour in respect of the properties that are the subjects of this news release, the results of any future exploration activities, which cannot be guaranteed, and such other factors as may impact any future activities in respect of the properties held by the Company. Additional risk factors can also be found in the Company’s public filings under the Company’s SEDAR+ profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward looking statements if circumstances, management’s estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230288