A definitive agreement for the acquisition is expected to be reached this month, Military Metals said.
The main asset highlighted is the Trojarova antimony project near Pezinok in western Slovakia, which has been extensively explored during the Soviet era. The project was previously held by Molten Metals (CSE: MOLT), which published a historical resource of 415,000 tonnes grading 0.162% antimony and 1.148 g/t gold based on underground exploration data.
Also containing historical resources dating back to the Soviet era and worked on by Molten Metals is the Medvedi tin project. It has a calculated reserve of 863,000 tonnes grading 0.19% tin using the Soviet-style classification of mineral deposits.
While these project estimates are not yet compliant with modern standards, Military Metals said it will work to validate them with new drilling, ensuring compliance with NI 43-101 requirements.
The second antimony project, Tiennesgrund,…
