Mentioned:
CCM -3.70% UAMY -10.92%
There’s a scramble to find domestic antimony supply in North America. And now, there might be a promising new project hiding in British Columbia, Canada.
What’s happening:
- Canagold Resources (TSX: CCM) has officially unveiled their first ever antimony resource estimate for their flagship New Polaris gold project located in British Columbia, Canada
By the numbers:
- Canagold Resources officially reported 5,630 tonnes of antimony within their indicated resource estimate
- An additional 1,195 tonnes of antimony were also announced in their inferred resource estimate
Why it matters:
- Antimony has been coming into larger focus in the public markets of late, largely fuelled by new export restrictions from China and an influx of new capital flowing into domestic antimony projects
Going deeper:
- Antimony has now been declared as a critical mineral in Canada, the United States and even the European Union
- Publicly traded companies in America have been making a flurry of moves lately to find meaningful antimony supply, including United States Antimony Corporation (NYSE: UAMY) acquiring a significant amount of new antimony claims located in Alaska
