Madison Metals acquires one of Canada’s largest undeveloped antimony deposits
Published by Will Owen,
Editor
Global Mining Review,
Madison Metals Inc. has significantly increased its presence in the critical minerals sector by signing binding letters of intent (LOI) with three separate entities to acquire 100% interest in a large, belt-scale antimony-gold project covering 13 990.90 ha. over 697 claims.
The Howells Lake Antimony Gold Project is located in the Howells Lake area in the Thunder Bay Mining Division of Ontario, Canada. Antimony, for which the price has tripled in the past year, is right now arguably one of the most attractive critical minerals in the world, and the Howells Lake Project provides Madison with one of only a handful of antimony historic resources.
Duane Parnham, Chairman and CEO of Madison Metals, comments:
“Micro-cap companies rarely, if ever, have the opportunity to obtain complete control of a large, belt-scale asset like the Howells Lake Project, covering such an extensive area of known mineralisation that seems to have been overlooked for decades.
“The Howells Lake Project has enormous potential to have real economic significance, and Madison is seizing this rare opportunity to discover new areas of antimony-gold mineralisation, as well as define the known areas of antimony and gold mineralisation on this very large, underexplored land position. We believe we can drive real shareholder value creation as soon as we get exploration underway on the project.”
Read the article online at: https://www.globalminingreview.com/mining/06122024/madison-metals-acquires-one-of-canadas-largest-undeveloped-antimony-deposits/
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