That is not why the DoD funded them with $75 million in grants and $1.8bn USD loan offer to develop the project. Gold isn't a critical mineral nor important for the DoD, in terms of applications. It was primarily for the Antimony, which is critical for the US. military-industrial complex.
The Antimony grade at Perpetua's Idaho Stibnite Gold project is a measly 0.06%. Meanwhile, Antimony Canyon is 0.75% and has nearly double the amount of contained Antimony.
Its very likely that the DoD will likewise fund TMG's US. subsidiary to ensure a reliable primary source of Antimony.
That is not why the DoD funded them with $75 million in grants...
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Last
8.7¢ |
Change
-0.002(2.25%) |
Mkt cap ! $94.90M | |||
| Open | High | Low | Value | Volume |
| 9.1¢ | 9.1¢ | 8.6¢ | $540.2K | 6.176M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1007885 | 8.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.7¢ | 223092 | 3 |
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| Last trade - 10.44am 31/07/2025 (20 minute delay) ? |
| TMG (ASX) Chart |