"We continue to be astounded by the high-grade mineral potential of the Tintic district," said chairman Robert Friedland.

Company to evaluate whether antimony from its project in Idaho can meet military specifications to help secure America’s defense and commercial ammunition supply chain.

Project has one of the world’s largest uranium resources, with 100 million lb. of U3O8 in measured and indicated mineral resources, plus inferred resources of 20 million pounds. 

The company has completed about 116,000 metres of drilling on targets near the Fekola mine and the Anaconda area this year.

The company considers ELG underground as a "key value driver" as its reserves have been expanded over the years.

A feasibility study for the project is under way and expected to be complete in early 2024. 

Alpha HPA and Cobalt Blue will get about A$15 million each to set up an ultra-pure aluminum chemical plant and a cobalt project, respectively.

The mineral resource totals nearly 20 million tonnes at 1.67 g/t gold in the inferred category.