Military Metals (CSE:MILI) will seek access to funding from Natural Resources Canada to advance West Gore following the government arm conditionally approving funding for Nova Scotia with the stated goal of boosting Canada’s critical minerals potential.
As part of its strategy to access the funding, Military Metals’ management team will be attending the Nova Scotia Mineral Resources Forum between 14-15 January 2025 in Halifax.
Adopted in 2023, the Canadian Critical Minerals Strategy has allocated C$3.8 billion ($4.24 billion) in funding towards Canadian projects.
Military Metals, which recently acquired the historical West Gore Antimony-Gold Mine and surrounding property, aims to benefit from further funding allocations.
The West Gore mine, located in rural Nova Scotia, was an important producer of antimony during World War I, with concentrate shipped to England to assist in the war effort.
Alongside antimony, Canada’s list of critical minerals includes 31 metals. Out of 31 metals, 16 of those critical minerals have been identified in Nova Scotia including antimony, cobalt, copper, gallium, germanium, graphite, indium, lithium, manganese, molybdenum, niobium, rare earths, tantalum, tin, tungsten, and zinc.
According to the province’s strategy, it selected minerals to be included as critical based on four criteria.
These criteria include exploration potential, requirements for meeting carbon emissions targets, supply and demand imbalance in a global context, and the likelihood of presenting a strategic opportunity for Nova Scotia.
The Canadian Critical Minerals Strategy is a horizontal initiative established to deliver select activities to increase the supply of responsibly sourced critical minerals to grow domestic and global value chains for the green and digital economy.
The initiative addresses five core objectives – supporting economic growth, competitiveness, and job creation; promoting climate action and environmental protection; advancing reconciliation with Indigenous peoples; fostering diverse and inclusive workforces and communities; and, enhancing global security and partnerships with allies.
Military Metals has also appointed Jeremy Ross as Vice President of Corporate Development. Ross, who also owns Blackhill Consulting, is a venture capitalist with more than 25 years of experience in capital markets.
Ross’s expertise lies in capital raising for companies and participating in initial public offerings, reverse takeovers, and incubating companies ranging from micro-cap to senior listings on the TSX, NASDAQ, and NYSE.
Military Metals is a British Columbia-based explorer and developer focused on discovering primarily antimony potential across Canada.
The company will be exhibiting at this year’s Prospectors & Developers Association of Canada (PDAC) event being held from 2-5 March in Toronto, Canada.
The annual award winning convention brings together up to 30,000 attendees from over 130 countries for its educational programming, networking events, as well as business and investment opportunities.
Mining.com.au is an official media partner for the upcoming event.
To register for PDAC 2025 click here.
Write to Aaliyah Rogan at Mining.com.au
Images: Military Metals
