Canadian Miner Pursues U.S. Defense Supply Chain with Antimony Project
Critical One Energy is advancing its Ontario antimony project to meet U.S. defense supply chain needs. The initiative aligns with U.S. efforts to reduce reliance on Chinese materials, emphasizing the importance of local sourcing for critical minerals.
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Critical One Energy is currently conducting a $9-million drill program at its Howells Lake antimony-gold project in Ontario to enhance North America's supply chain. The U.S. government is prioritizing domestic production of critical minerals, already investing $27 million through the Defense Production Act to support U.S.
Antimony Corp. and $80 million to Perpetua Resources for an antimony supply chain in Idaho. The Howells Lake project, with a historical estimate of about 48 million pounds of antimony, is in the exploration stage, having completed 34 drill holes with promising high-grade results. The goal is to establish multiple supply and processing sources across North America, which may take over a decade to fully realize.
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