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 in light of export restrictions by top producer China. At the time, the company said it saw opportunity in the project for its potential for fast advancement, citing its past history as a key supplier to the Soviet Union as well as Slovakia’s strong mining infrastructure. The Trojarova project currently has a historic resource defined during the Soviet Era, totalling 415,000 tonnes grading 0.162% antimony as well as 1.148 g/t gold based on underground exploration data. ‘Unexpected’ decision In its press release dated May 28, Military Metals noted that the Slovak environmental ministry had previously included the Trojarova project as one of the country’s designated exploration areas under the European Commission’s critical raw materials framework. As such, the company said it regards the decision to cancel the permit in respect “as unexpected and inconsistent with the goals of protecting the supply of critical minerals in Europe.” In addition to Trojarova, Military Metals also acquired two other projects in the country: the earlier-stage Tiennesgrund antimony project and the Medvedi tin project. Both projects have extensive development/exploration history dating back to the Soviet era. Share Comments Cancel reply Your email address will not be published. Required fields are marked * Save my name, email, and website in this browser for the next time I comment. Δ No comments found. More News Trafigura awarded $92 million in arbitration with Zambia’s ZCCM Trafigura initiated the case two years ago over a prepayment agreement with Konkola Copper Mines. May 29, 2026 | 07:01 pm Aluminum’s US comeback hinges on power, not tariffs, industry advocates say Century Aluminum’s proposed smelter in Oklahoma remains dependent on securing a long-term electricity agreement. May 29, 2026 | 03:22 pm {{ commodity.name }} {{ post.title }} {{ post.excerpt }} {{ post.date }}
Military Metals sinks on revoked Slovak antimony project licence
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...
