ANTIMONY 2.0 PROPERTY

 Big Red's 35 sq km optioned Antimony 2.0 Property has exciting antimony discoveries by personnel of Edge Exploration Inc. (“Edge”) which include three particularly robust antimony soil anomalies. These findings stem from a 395-sample reconnaissance soil survey and drone-conducted magnetic survey. Geology is the same package of interbedded Silurian greywacke and argillite that characterizes Lake George Antimony Mine approximately 15 km to the southwest.

Big Red has planned an immediate work program to define productive antimony drill targets which will be tested this coming winter. The immediate program will include analysis of over 400 soil samples and 5 km of Induced Polarization (“IP") surveying at various dipole spacings. 

The soil samples to be analyzed were previously collected by Edge personnel to expand and refine the areas of antimony soil anomalies previously detected. The IP survey will be focused on the areas of anomalous soil values to detect areas of mineralization and to outline differences in resistivity which could indicate mineralizing conditions in the subsurface.

Antimony is in high demand globally. It has been classified as a critical mineral. Antimony is a critical component for battery technology, advanced military systems, and other industrial applications.  China announced Antimony export restrictions which took effect on Sept. 15, 2024 (source: Reuters, Aug. 28, 2024), and are expected to have significant implications for the global antimony supply chain.  An extreme supply shortage since April has led to the sharpest price rally ever recorded in the antimony market since Fastmarkets started pricing the metal back in the early 1980s.  Fastmarket-assessed Antimony metal prices in Rotterdam increased at their fastest rate in more than 40 years in the week to May 17, 2024 due to a severe supply squeeze after a month of continued extreme shortage of raw materials from China, Russia, and Southeast Asia.