Superior Mining International Corp. to Acquire Bald Hill Antimony Property
Superior Mining International Corp. to Acquire Bald Hill Antimony
Property
Vancouver, British Columbia – September 9, 2024 – Superior Mining International Corp.
(“Superior Mining” or the “Company”) (TSX-V: SUI) (OTC: SUIFF) is pleased to announce that it
has entered into an option agreement dated August 27, 2024 (the “ Option Agreement”) whereby Superior
has the option to earn a 100% interest in the Bald Hill Antimony Property (the “ Bald Hill Property”) from
Globex Mining Enterprises Inc. (“Globex”), an arm’s length vendor.
The Bald Hill Antimony Property is located in Qu eens County, south central New Brunswick, 40 km
northwest of the town of Sussex and roughly 60 km s outheast of the City of Fredericton. The Property
consists of 26 claims covering the Bald Hill antimony deposit and surrounding area.
Past exploration activity by Rockport Mining Corp. retu rned up to 43% Sb over 2.0 m and 2.90% Sb over
8.18m. A 2010 report titled “National Instrument 43- 101 Technical Report on Bald Hill Antimony Project,
southern New-Brunswick, Canada, NTS Map Shee t 21G/09 and 21H/12 for Rockport Mining Corp.
authored by Heather MacDonald, MSc., P.Geo.” prod uced by Conestoga-Rovers and Associates of
Fredericton, New Brunswick states the following;
“Based upon 16 widely spaced drill holes totaling 3, 554 metres and 609 assays, an antimony zone of 450
metres in length was outlined including drill intersec tions of up to 11.7% Sb over 4.51 metres (core
length).”
A 2014 trenching program and subsequent NI 43-101 re port titled: “National Instrument 43-101 Technical
Report: Bald Hill Antimony Project (claim group 5 061) Southern New-Brunswick, Canada, NTS Map
Sheet 21G/09 and 21H/12, Prepared for Tri-Star Anti mony Canada Inc. by Peter Banks, B.Sc., P.Geo. and
John Langton, M.Sc., P.Geo. of MRB & Associates, October 28 th, 2014” analyzed additional exploration
work and states;
“Rockport’s drilling on the Bald Hill main grid has c onfirmed the Sb mineralization over a significant area
of approximately 700 m on surface and to 300 m de pth. Surface mineralization and soil geochemical
anomalies indicate that the mineralization extends for at least 1.5 km, along strike from the delineated
mineralization zones. The 2014 trenching program, cen tered approximately 1.0 km along strike to the
southeast from the main Bald Hill occurrences, e xposed new antimony mineralization grading 9.04% Sb
over 2.60 metres.”
Traditionally used as a fire retardant, antimony is list ed on critical minerals lists in Canada, the United
States, Australia, the United Kingdom and the Europ ean Union. Antimony is also used to increase the
hardness of alloys used in the production of batte ries, machine bearings and munitions. Additionally,
antimony is used in the production of clean technologies such as solar panels and wind turbines.
Terms of Acquisition:
The Bald Hill Antimony project is be ing acquired from Globex Mining En terprises, an arm’s length TSX-
V listed company with an extensive portfolio of highly prospective mineral exploration projects:
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Pursuant to the terms of the Option Agreement, in order to acquire the 100% interest in the Bald Hill
Property, Superior must pay an aggregate of $680, 000 in cash, issue an aggregate of 2,000,000 common
shares and incur an aggregate of $4,600,000 in expenditures, as follows:
1. Pay $60,000 in cash upon receipt of TSXV approval, and a furthe r $75,000 in cash on the first
and second anniversaries of the Option Agreement, a further $150,000 on the third anniversary
and a further $320,000 on the fourth anniversary.
2. Issue 350,000 shares upon receipt of TSXV approval, issue a further 350,000 shares on or
before the first anniversary of the Option agreem ent, a further 400,000 shares on or before each
of the second and third anniversaries, and a further 500,000 shares on or before the fourth
anniversary of the Option Agreement.
3. Incur at least $600,000 in exploration expenditur es on the Bald Hill Property prior to the first
anniversary of the Option Agreement, a furt her $500,000 prior to the second anniversary, a
further $750,000 prior to each of the third and fourth anniversaries of the Option Agreement
and a further $2,000,000 on or before the fifth anniversary of the Option Agreement.
The initial cash payment of $60,000, the issuance of the initial 350,000 common shares, and the $600,000
in first year exploration expenditures are firm commitme nts of Superior. In addition, Superior has agreed
to grant to Globex a 3.5% gross metal royalty (the “ Royalty”) on all metals, minerals, elements or
compounds produced from the Bald Hill Property. Supe rior has the right to acquire 0.5% of the Royalty
upon the payment of $500,000 (adjusted for inflation) prior to commercial production, leaving Globex with
a 3.0% Royalty.
The Option Agreement remains subject to the approval of the TSX Venture Exchange.
About Antimony:
Antimony, a lustrous silvery-grey metalloid, is scarce in nature and unevenly dist ributed globally. It is,
however, critical for producing high-tech and defence pr oducts, including flame-retardant materials, certain
semiconductors, and superhard materials. And electric battery products. As with many critical minerals,
China dominates the global antimony supply chain. The country holds the world’s largest deposit,
accounting for approximately 32% of global antimony resources, yet it produces more than 48% of global
output.
Antimony is one of the few elements classified as a “critical” or “strategic” mineral by countries including
the United States, China, Australia, and Russia, as we ll as the European Union, underscoring its special
geopolitical value. Following similar restrictions on germanium, gallium, graphite, and rare earths, China’s
export control of antimony marks another move to leve rage its dominance in global supply chains. This
action serves as a response to US efforts to limit the av ailability to China of critical technologies such as
high-end chips.
On August 14, China announced export restrictions on antimony in the country’s latest move to restrict
critical mineral shipments globally in the name of national security. Antimony is a critical input for the
defense industry, particularly for armor-piercing ammunition, night vision goggles, infrared sensors, bullets,
and precision optics, and the electronics industry, in cluding semiconductors, cables, and batteries. This is
the latest restriction after a series of export controls in 2023 on graphite, germanium, gallium, and rare earth
processing technologies, raising alarms in the semiconducto r, electric vehicle, and defense industries that
rely on these materials.
Antimony Related Media:
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Antimony and Military:
https://www.youtube.com/watch?v=ZbDOEg_Wy_0
Antimony Prices Soar
https://asia.nikkei.com/Business/Markets/Commodities/Antimony-gallium-prices-soar-as-China-widens-
rare-metal-export-curbs
ON BEHALF OF THE BOARD
“Brent Butler”
_________________________
Chief Executive Officer and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this
news release.
No securities regulatory authority has either approved or disapproved of the contents of this news release.
The securities being offered have not been, and will not be, registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or
sold in the United States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S
of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information
purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the
Company in any jurisdiction.
Superior Mining International Corp.
https://superiormininginternational.com
515-401-7479
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking information based on current expectations, including the use of
funds raised under the Offering. These statements should not be read as guarantees of future performance
or results. Such statements involve known and unknown risks, uncertainties and other factors that may
cause actual results, performance or achievements to be materially different from those implied by such
statements. Although such statements are based on management's reasonable assumptions, Superior
assumes no responsibility to update or revise forward-looking information to reflect new events or
circumstances unless required by law.
Although the Company believes that the expectations and assumptions on which the forward-looking
statements are based are reasonable, undue reliance should not be placed on the forward-looking
statements because the Company can give no assurance that they will prove to be correct. Since forward-
looking statements address future events and conditions, by their very nature they involve inherent risks and
uncertainties. These statements speak only as of the date of this press release. Actual results could differ
materially from those currently anticipated due to several factors and risks including various risk factors
discussed in the Company's disclosure documents which can be found under the Company's profile on
www.sedar.com.
This press release contains "forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and
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such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995.