2026-05-31
Military Metals sinks on revoked Slovak antimony project licence Staff Writer | May 29, 2026 | 9:40 am Critical Minerals Markets Canada Europe Specialty Minerals The underground workings at Trojarova. Credit: Molten Metals Military Metals (CSE: MILI) is contesting a decision by Slovakian environmental authorities to revoke the company’s exploration licence on the Trojarova antimony-gold project. In a statement this week, the Canadian explorer said the Ministry of the Environment of the Slovak Republic had cancelled the Trojarova licence “without appropriate justification”, and that it will “pursue all legal avenues” to fight the decision. Shares of Military Metals sank on the news, falling as much as 60% to a 52-week low of C$0.16. By Friday afternoon, it had recovered some losses, trading at a market capitalization of C$21.6 million ($15.7 million). Soviet-era project Trojarova, located near the capital city Bratislava, represents an advanced exploration stage project with considerable mining history. According to company website, the project is likely a continuation of the former Pezinok mine, one of Europe’s most significant antimony producers with a history going back over 200 years. Military Metals acquired the project in late 2024 , acting on the growing significance of antimony supply across the globe...
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