14:39:53 EDT Sat 18 May 2024
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or Name
USA
CA



Molten Metals Corp
Symbol MOLT
Shares Issued 16,914,288
Close 2023-11-01 C$ 0.06
Market Cap C$ 1,014,857
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Molten Metals makes $60,000 option payment

2023-11-02 14:34 ET - News Release

Ms. Lara Smith reports

MOLTEN METALS CORP. MAKES SECOND YEAR PAYMENT UNDER ANTIMONY OPTION AGREEMENT

Molten Metals Corp. has made its second year option payment of $60,000 for the West Gore Elk exploration mining claims. The initial option agreement was made effective July 9, 2021. Having made this payment, under the option agreement the Company is now only required to make an "advance royalty payment" of $5,000 in April 2024 and each year thereafter until commencement of commercial production on the property.

Lara Smith, President and CEO of Molten Metals, commented, "With this payment under the option agreement, we have made a significant step towards acquiring the West Gore property, which was once Canada's foremost Antimony producer. Antimony is a critical metal, central to both decarbonisation efforts as well as defense. In today's heightened levels of political instability, it has arguably never been more pressing for Western Powers to have its own source of critical mineral that very much includes Antimony."

West Gore has a NI 43-101 Technical Report which was completed by Michael C. Corey, P. Geo., in May 2021 and which concludes that "the production history of [West Gore] confirms the potential of the property to host Sb-Au mineralisation. A review of historic ore controls and more recent exploration work and new remote sensing data further indicate that the potential exists to (i) extend known mineralization intersected in drilling along strike and at depth and (ii) identify new shallow Sb-rich zones related to discordant structural features and (iii) identify new shallow, high grade Au zones related to the intersection of bedding parallel Au-bearing zones and discordant structural features."

In March 2023, the Company employed Resourceful Geoscience Solutions to digitize the historic core data. The full press release can be accessed here .

About Molten Metals Corp.

Molten Metals Corp. is a mining and exploration company focused on developing antimony projects in several jurisdictions. Antimony is a critical element with many industrial applications. It is one of only fourteen metals to be included on the list of critical minerals of every major economy. This is because of its unique uses in both defence and as a battery metal. As the availability of large-scale, high grade, exploitable Antimony mines is limited, Molten Metal's management team believe that Antimony supply will remain critical over the foreseeable future.

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