Red Mountain Mining announces the planned recommencement of exploration at the Company’s US portfolio of Antimony projects following the end of the northern hemisphere winter.
Work is planned to commence later this month, with systematic surface geological mapping and sampling over Red Mountain’s Thompson Falls Antimony Project, which is located on the Montana- Idaho border, less than 7km west of the only operating antimony smelter.
According to the company, US White House continues to send strong signals of support towards the critical minerals sector, most recently by granting FAST-41 status to Resolution Minerals Antimony Ridge Project in Idaho, near Red Mountain’s Yellow Pine Project.
Red Mountain said that it remains in discussions with US based consultants with deep industry expertise in US grant funding and potential government backed loan facilities, to seek to apply for non- dilutive or minimal dilution funding options.
Besides its projects in the US, Red Mountain manages an antimony-gold project in New South Wales, Australia.
