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Antimony Mining News

3 articles about antimony mining

Perpetua Resources receives $2.9bn loan from EXIM

Perpetua Resources has secured a landmark $2.9 billion senior secured long-term loan from the Export-Import Bank of the US (EXIM) to finance its Stibnite Gold Project in Idaho. This significant funding, announced on May 22, 2026, positions the project to become the United States' sole domestic producer of antimony, a critical mineral for national security, while also advancing gold production and comprehensive environmental remediation of an abandoned mining district. The loan underscores a concerted effort to enhance American mineral independence and domestic manufacturing under EXIM’s Make More in America Initiative.

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Larvotto identifies tungsten opportunities at Curry’s Block prospect

Larvotto Resources is fast-tracking the evaluation of tungsten potential at its Curry’s Block prospect, part of the fully owned Hillgrove Antimony-Gold Project in New South Wales, Australia. This decision comes as Western governments classify tungsten as a critical mineral, with prices reaching record highs amidst China's dominant global production. The company’s comprehensive review of historical data at Curry’s Block has identified a robust gold-tungsten-antimony system, prompting approvals for new diamond drilling to commence shortly, expanding on previous exploration efforts.

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Freeport delays Grasberg full restart to early 2028

PT Freeport Indonesia has announced a further delay in the full restart of its Grasberg mine in Central Papua, Indonesia, pushing the target to early 2028. This postponement follows a severe mudflow incident in September last year that halted operations and claimed seven lives, significantly impacting global copper and gold supply chains. The revised timeline, attributed to additional work on logistics and ore handling infrastructure, sees a reduction in projected 2026 copper output and compounds pressures on an already tight global copper market.

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