LRV's antimony project is located near TMG's antimony project, which places both companies in a prime position to benefit from the long-term bullish outlook for antimony. The reason for this optimism is the persistent tightness in the global supply of antimony, as there are no significant new sources of production expected in the near future.
Additionally, the news that Perpetua Resources has been tapped for a $1.8 billion loan to develop a gold-antimony mine in Idaho highlights the growing urgency in the Western world to secure its own antimony supply. Antimony is a critical mineral used in various industrial applications, antimony prices are likely to remain elevated for a long time.
This underscores the strategic importance of both LRV and TMG's projects, as they could become vital sources of antimony in a market with increasing demand and constrained supply.
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Last
8.4¢ |
Change
0.010(13.5%) |
Mkt cap ! $78.22M | |||
| Open | High | Low | Value | Volume |
| 7.5¢ | 8.4¢ | 7.5¢ | $2.744M | 33.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 524536 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.5¢ | 1011035 | 4 |
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| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| TMG (ASX) Chart |