What's Happening?
Felix Gold is progressing towards initiating antimony production at its Treasure Creek Project in Alaska, with production expected to start between late 2025 and early 2026. The company has completed significant drilling, revealing promising assay results that support the project's viability. This development comes in the wake of China's ban on antimony exports to the US, highlighting the strategic importance of domestic antimony production. Felix Gold's project includes multiple prospects, with NW Array and Scrafford being the most advanced.
Why It's Important?
The advancement of Felix Gold's antimony production is crucial for the US, which currently imports all its antimony needs. Antimony is a critical mineral used in various industrial applications, including flame retardants and batteries. The US's reliance on foreign sources, particularly China, poses a significant risk to its industrial supply chains. By developing domestic sources, Felix Gold could help mitigate these risks, ensuring a stable supply of this essential mineral and supporting national security and economic stability.
What's Next?
Felix Gold plans to continue drilling and environmental studies to support sustained operations. The company is also preparing for a multi-year permit submission in early 2026. As the project progresses, it may attract further investment and interest from stakeholders concerned with securing critical mineral supplies. The US Government and industry leaders may also increase support for domestic mineral projects to reduce dependency on foreign sources.
