Announcing Letter of Intent to Acquire 1458205 BC Ltd.
MILITARY METALS ENTERS INTO LOI TO ACQUIRE TWO ANTIMONY AND ONE TIN
PROPERTY IN THE EUROPEAN UNION
VANCOUVER, BC, October 7, 2024 - Military Metals Corp. (the “Company” or “Military”) (CSE:
MILI, OTC Pink: MILIF, FSE: QN90) continues to advance its role in the global critical minerals
sector. The Company has signed a binding Letter of Intent (LOI) to acquire 100% ownership of
1458205 B.C. Ltd. (the “Target”), a private company holding three brownfield projects in Slovakia.
This acquisition includes two antimony-focused properties and one tin project, all located within
the European Union.
The assets include the Trojarova Antimony Project and the Medvedi Tin Project, both containing
historical resources dating back to the Soviet era. As part of the transaction, Military Metals will
issue 10 million common shares, valued at CAD $5. 6 million, to the shareholders of the Target.
The Company aims to finalize a definitive agreement and close the acquisition by October 2024.
Antimony, a critical component for battery tec hnology, advanced military systems, and other
industrial applications, is in high demand globally. As recognized by the United States, European
Union, and other leading economies, antimony is classified as a critical mineral. With much of the
world’s antimony reserves concentrated in China, Russia, and Tajikistan, Military Metals sees an
opportunity to enhance Western access to this essential resource.
“This acquisition strategically positions Military Metals as a leading expl orer and developer of
antimony,” said CEO Scott Eldridge. “The Trojarova and Tienesgrund projects offer significant
potential for rapid advancement, particularly given Slovakia’s strong mining infrastructure and
history. We see this as a perfect alignment with the European Union’s Critical Raw Materials Act,
opening the door to potentia l EU funding sources as we adv ance these projects toward
production.”
The Trojarova Antimony Project, located in Western Slovakia, has been extensively explored, with
historical Soviet-era data indicating substantia l antimony and gold hist orical resources. While
these estimates are not yet compliant with modern standards, Military Metals plans to validate
them with new drilling, ensuring compliance wi th National Instrument 43-101 (NI 43-101)
requirements.
In addition to Trojarova, the Company is acquiring the Tiennesgrund Antimony Project in Eastern
Slovakia, which holds a 10 km-long fault-hosted vein system, and the Medvedi Potok Tin Project,
a classic tin vein system with underground workings and historical resour ces. As part of the
acquisition, Military Metals will also gain access to small-scale processing equipment, reinforcing
its strategy of operational efficiency and innovation.
With geopolitical tensions and increasing dema nd putting pressure on critical mineral supply
chains, Military Metals is positioning itself to become a key player in securing Western access to
vital antimony resources.
Map showing the location of Military’s properties in Slovakia
The technical contents of this release were re viewed and approved by Avrom E. Howard, MSc,
PGeo, geological consultant to Military Metals and a qualified person as defined by National
Instrument 43-101.
About Military Metals Corp.
The Company is a British Columbia-based mineral exploration company that is primarily
engaged in the acquisition, exploration and development of mineral properties with a focus on
antimony.
ON BEHALF OF THE BOARD of DIRECTORS
For more information, please contact:
Scott Eldridge
CEO and Director
For enquiries, please call 604-722-5381 or 604-537-7556
This news release contains "forward-looking information". Often, but not always, forward-
looking statements can be identified by the us e of words such as "plans", "expects", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or
"believes" or variations (includi ng negative variations) of such words and phrases, or state that
certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be
achieved. Forward-looking information in this ne ws release includes statements related to the
completion of the acquisition of the Target by Military, as well as future plans for exploration
activities, and assumptions related to the cont inuation of the global demand for antimony. A
variety of factors, including known and unknown risks, many of which are beyond our control,
could cause actual results to differ materially from the forward-looking information in this news
release. These include entry in to a definitive agreement in re spect of the Acquisition, meeting
the conditions to close the Acquisition, geopolit ical developments related to the supply of
antimony, the continued use of antimony and availa bility of alternatives, availability of capital
and labour in respect of the properties that are th e subjects of this news release, the results of
any future exploration activities, which cannot be guaranteed, and such other factors as may
impact both the Acquisition and any future activi ties in respect of the properties held by the
Target. Additional risk factors can also be found in the Company's public filings under the
Company's SEDAR+ profile at www.sedarplus.ca. Forward-looking statements contained herein
are made as of the date of this news release and the Company disclaims any obligation to update
any forward-looking statements, whether as a result of new information, future events or results
or otherwise. There can be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
statements. The Company undertakes no obligatio n to update forward l ooking statements if
circumstances, management's estimates or opin ions should change, except as required by
securities legislation. Accord ingly, the reader is cautione d not to place undue reliance on
forward-looking statements.
The Canadian Securities Exchange has neithe r approved nor disapproved the information
contained herein and does not accept responsibilit y for the adequacy or a ccuracy of this news
release.