Trigg Minerals Ltd (ASX:TMG) Acquires Antimony Canyon Project in USA
Strategic Acquisition
Trigg Minerals Limited (ASX:TMG) has entered into a binding agreement to acquire 49 unpatented lode mining claims covering the Antimony Canyon Project (ACP) in Utah, USA. This acquisition positions Trigg in the world’s top-ranked mining investment jurisdiction, according to the latest Fraser Institute Survey.
Project Details
The Antimony Canyon Project is the largest and highest-grade antimony project in the USA, with a historical resource estimate of 12.7 million metric tonnes grading 0.79% antimony, translating to 100,300 tons of contained antimony. Trigg plans to validate these estimates through immediate exploration, aiming to develop a JORC 2012-compliant Mineral Resource Estimate.
Executive Comments
Andre Booyzen, Managing Director of Trigg Minerals, stated, “Trigg Minerals is delighted to announce the strategic acquisition of the Antimony Canyon Project, an asset that significantly enhances our antimony portfolio. The addition of Antimony Canyon underscores our commitment to establishing a robust presence in the critical minerals sector, explicitly addressing the rising global demand for antimony. We look forward to progressing rapidly with our planned exploration and validation program at Antimony Canyon and delivering tangible value to our shareholders.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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