The property is known for historical antimony-gold occurrences. Credit: Phawat/Shutterstock.

Military Metals has signed a definitive agreement to acquire the Last Chance antimony-gold property in Nye County, Nevada, US.

The Last Chance property, situated more than 70km north of Tonapah and 12km west of the Round Mountain gold mine, is known for historical antimony-gold occurrences. The site also includes a solitary shaft with records of limited historical production.

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The geological setting comprises Paleozoic carbonates and Lower Mesozoic metamorphosed shales and carbonates, intersected by ultramafic dykes and younger felsic intrusives and extrusives.

In November this year, Military Metals expressed its intent to acquire the property from Amador Mining for $45,000 and a 2% net smelter royalty.

An exclusivity deposit of $10,000 was paid to Amador by Military Metals.

Further solidifying its interest in the area, Military Metals staked five additional mining claims last month.

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This step ensures that the company secures potentially prospective grounds before commencing its first field campaign.

The campaign is scheduled for the second quarter of 2025 following the melting of winter snows, which will allow for better access and exploration.

In October this year, Military Metals signed a binding letter of agreement (LOI) to acquire 100% of three mineral properties in Slovakia, bolstering its position in the critical minerals sector.

Under the LOI, Military Metals agreed to acquire full ownership of 1458205 B.C. (Target), a private company with three brownfield projects in Slovakia.

The acquisition includes two antimony-focused properties and one tin project, all situated within the EU.

The deal included the Trojarova Antimony Project and the Medvedi Tin Project, both of which feature historical resources from the Soviet era.