What's Happening?
Felix Gold is advancing its development efforts at the NW Array gold-antimony prospect, with significant drilling and trenching activities revealing high-grade stibnite veins. The company is in discussions with the U.S. Government regarding smelter engineering and site selection, driven by China's antimony export ban and global supply shortages. Felix Gold aims to commence production between Q4 2025 and Q1 2026, focusing on small-scale surface mining to minimize environmental impact. The company is also conducting metallurgical tests to meet military-grade specifications, with ongoing exploration at Treasure Creek in Alaska.
Why It's Important?
The strategic development by Felix Gold is crucial in addressing the U.S.'s reliance on foreign antimony supplies, particularly from China, which controls a significant portion of global processing. The U.S. Government's interest in securing domestic supply chains for critical minerals underscores the importance of Felix Gold's project. Successful development could enhance U.S. industrial supply chain resilience and support sectors like renewable energy and defense, which rely on antimony. The project also aligns with broader geopolitical and economic strategies to reduce dependency on non-Western resources.
What's Next?
Felix Gold plans to continue its exploration and development activities, with further drilling and metallurgical testing underway. The company is also assessing the viability of small-scale mining operations and engaging with U.S. Government officials to secure funding and support. The outcome of these efforts could influence the company's production timeline and its role in the U.S. critical minerals supply chain.
