Image of a processing facility.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Molten Metals (MOLT) purchases a processing plant for its Tienesgrund Antimony Project
  • The company will be staking and reviving past-producing Antimony and Tin Assets in Slovakia
  • The production line has varying daily/ hourly throughputs, but the key ball mill has a rate of 7-15 tpd
  • Tienesgrund represents the first project that Slovak Antimony Corp has been awarded
  • Antimony is a silvery-white metal used in fire-retardant formulations for plastics, rubbers, textiles, paper and more

Molten Metals (MOLT) will be acquiring and recommissioning past producing Antimony operations to produce several thousand tons a year.

The company will be staking and reviving past-producing Antimony and Tin Assets in Slovakia.

Slovakia has been the largest source of mined antimony in Europe. The antimony ores began to be extracted in the late 18th century at deposits at Pernek and Pezinok.

In Spis and Gemer regions, the mines at Spisska Bana, Cucma and Poproc were initiated.

In July 2022, Slovak Antimony Corp acquired an Antimony/Tin processing circuit in Eastern Slovakia.

The production line has varying daily/ hourly throughputs, but the key ball mill has a rate of 7-15 tpd which dictates the rate at which the whole flowsheet will operate.

Tienesgrund – Spisska Bane was awarded to Slovak Antimony Corp last year, and we are in the process of commissioning our processing plant with the goal of processing, initially, the dumps from our Tienesgrund project and reopening the adits over the next quarter.

The Tienesgrund deposit consists of Antimony-Gold rich veins that run from the upper end of the Bystry Potok Valley and extend to the Štofová Valley, with this long mineralized belt terminating in the Tienes Valley south from Kloptaň Hill.

The three veins all run in parallel, and all contain gold.

Tienesgrund represents the first project that Slovak Antimony Corp has been awarded, and the thought is that once Antimony starts operations, it will receive more opportunities within the country.

Antimony is a silvery-white metal used in fire-retardant formulations for plastics, rubbers, textiles, paper and more.

It can also be used for producing semiconductors, infrared detectors and diodes.

The latest technology to utilize the metal is antimony molten salt batteries for mass storage.

China has long dominated the production of metal.

Molten Metals Corp. is a mining company exploring and developing antimony projects. Antimony is a critical element with many industrial applications.


More From The Market Herald
Copper Mountain Mining Corporation - President & CEO, Gil Clausen.

" Copper Mountain Mining (TSX:CMMC) reports reserve increase

Copper Mountain Mining Corporation (CMMC) reported an increased MRE with a revised life of mine plan for its Copper Mountain Mine in B.C.

" Rover Metals Corp. (TSXV:ROVR) receives exchange approval for IML critical minerals project acquisition, NT, Canada

Rover Metals (ROVR) has received approval for the Indian Mountain Lake (IML) option-purchase agreement and the included milestone payment.

" Fabled Copper (CSE:FABL) secures underground adits at Muskwa Project

Fabled Copper (FABL) has secured four adit entrances on its Muskwa Copper Project in B.C.

" Newcrest and Gunpoint (TSXV:GUN) sign option-and-earn-in agreement to acquire interest in Appaloosa Property

Gunpoint Exploration (GUN) has signed an option-and-earn-in agreement with Newcrest Resources to explore Gunpoint’s Appaloosa property in Nevada, USA.