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Pinnacle Minerals Restricted (ASX: PIM) (“Pinnacle” or the “Firm”) is happy to announce it has entered right into a binding settlement for the strategic acquisition of Idaho Antimony Vital Minerals Pty Ltd, an entity that has a binding choice settlement to amass Idaho Antimony Company, offering the Firm with 100% possession of a portfolio of eight extremely potential important minerals tasks positioned in Idaho and Washington State, USA (the “Initiatives”).
Highlights
- Pinnacle Minerals Restricted (ASX: PIM, or the Firm) has executed a binding settlement to amass eight Antimony, Gold and Silver tasks in two extremely potential and well- established mining areas within the USA.
- Eight declare blocks secured, with six in Idaho and two in Washington, positioned close to historic mining districts with confirmed manufacturing historical past.
- The six Idaho Initiatives encompass Perpetua Assets Inc’s (PPTA.NAS; A$4bn market cap) Stibnite Challenge and lie inside an identical structural hall and share comparable geological traits, together with host rocks, alteration, and “roof pendant” mineralisation fashion.
- The Thunder Mountain Challenge is credited with approx. 20,000 oz of historic gold manufacturing within the early 1900s.
- All tasks profit from good high quality current infrastructure and proof of previous manufacturing of gold and silver and antimony.
- Acquisition aligns Pinnacle’s U.S. technique with key White Home mission to rapidly develop U.S. important minerals property and strengthen U.S. defence provide chain safety.
- Potential for FAST-41 allowing and U.S. Division of Warfare funding to speed up growth of home important minerals provide chains.
- On 9 October 2025, China additional tightened export controls on important minerals.
- On 12 October 2025, Australian media reported that the Australian authorities is contemplating establishing a $1.2 billion important minerals strategic reserve and supporting Australian important minerals corporations by setting value flooring for output, offering funding for brand new tasks, offering offtake agreements and inspiring Australian primarily based important minerals miners to work intently with the U.S. administration to strengthen Western provide chain functionality.
- Acquisition occurring at an opportune time for the business sector, with many U.S. important minerals corporations buying and selling at report highs, together with Vital Metals Corp (CRML.NAS; up 15x from 52-week low), USA Uncommon Earth Inc (USAR.NAS; up 6.8x from 52-week low), MP Supplies Corp (MP.NYS; up 5.4x from 52-week low) and Perpetua Assets Corp (PPTA.NAS; up 3.4x from 52-week low).
- Pinnacle has additionally acquired agency commitments for a Placement to lift $3 million from subtle {and professional} buyers.
Cautionary Assertion Relating to Historic Information
The Firm is in possession of or is conscious of historic exploration outcomes summarised in US authorities stories, that it considers are (at this stage) not dependable sufficient to be materials, and/or not sufficiently full. Due to this fact, the Firm has decided these knowledge are subsequently not appropriate for launch to the market. The Firm is in possession of various these historic stories and confirms that, it is going to begin a program of rock- chipping, sampling and petrographical work to confirm statements made in these historic stories. This work will probably be carried out within the coming weeks previous to the onset of winter within the area.
This text contains content material from Pinnacle Minerals, licensed for the aim of publishing on Investing Information Australia. This text doesn’t represent monetary product recommendation. It’s your accountability to carry out correct due diligence earlier than appearing upon any data offered right here. Please consult with our full disclaimer right here.
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