Trigg Minerals (ASX:TMG) secures patented claims at Antimony Canyon to accelerate U.S. antimony development

Trigg Minerals Limited (ASX:TMG, OTCQB:TMGLF) has strengthened its position in the United States with the acquisition of 20 patented mining claims at the Antimony Canyon Project in Utah.

The transaction covers approximately 375 acres and delivers ownership of both mineral and surface rights, allowing the company to fast track its pilot scale mining plans while insulating the project from federal land policy changes.

With full control over the mineral estate and land surface, Trigg now has the flexibility to optimise infrastructure placement and move forward with greater certainty in establishing itself as a first mover in U.S. domestic antimony production.

In this Q&A, Managing Director Andre Booyzen addresses key questions from investors about the acquisition, its impact on funding, the importance of political and community support, and how the project aligns with Trigg’s broader international portfolio.

Why is the acquisition of these 20 patented mining claims at Antimony Canyon so important for Trigg Minerals?

“This acquisition is a very significant development for Trigg because it delivers full ownership of both the mineral estate and the land surface at Antimony Canyon, giving us a level of control that was not possible under our previous unpatented claims.”

Owning both mineral and surface rights gives Trigg operational flexibility to optimise processing facilities, waste storage and infrastructure placement.

Unlike unpatented claims, which only provide mineral extraction rights while the land remains federally owned, patented claims are treated as private land, ensuring greater security of tenure and reducing exposure to changes in federal land policy.

This creates the foundation for the company to advance its pilot scale mining strategy without unnecessary delays.

How does this acquisition strengthen Trigg’s position in the U.S. critical minerals sector?

“The newly acquired patented claims host known high grade antimony mineralisation, which positions Trigg to respond directly to this need.”

Antimony is listed as a Critical Mineral by the United States Government, reflecting its importance in defence and supply chains.

With U.S. demand historically reliant on overseas sources such as China and Russia, secure domestic production has become a national priority. By acquiring patented claims with high grade mineralisation, Trigg is now strategically

positioned to advance development under a streamlined permitting pathway, enhancing its ability to establish itself as a potential first U.S. based producer of antimony.

What financial commitment has Trigg made for these patented claims, and how does it impact the company’s balance sheet?

“The purchase agreement is valued at US$1.9 million, payable in staged tranches, which is a structure that allows us to manage the acquisition efficiently within our broader capital management strategy.”

At the start of the quarter, Trigg reported a cash balance of approximately A$15.8 million.

This strong funding position ensures the company can comfortably meet acquisition payments while continuing to progress its development plans at Antimony Canyon and advance downstream initiatives.

The staged payment structure provides flexibility, enabling Trigg to aggressively advance its projects without placing strain on reserves.

How does community and political support factor into this project’s development?

During a recent visit to Utah, local township representatives and community members expressed strong support for the project, recognising the potential benefits it could deliver to the region.

At the federal level, Congresswoman Celeste Maloy, representative for Utah’s 2nd District, has also shown interest in the development and its role in strengthening U.S. supply chains.

This combination of community endorsement and political engagement provides confidence that Antimony Canyon is aligned with local priorities as well as national policy objectives.

How does this acquisition fit into Trigg’s broader strategy and international portfolio?

Trigg Mierals vision is to become a vertically integrated and conflict free supplier of antimony to Western economies, and the Antimony Canyon acquisition is a key milestone in that strategy.

The project is recognised as one of the largest and highest grade undeveloped antimony systems in the United States, with a history of production but no modern exploration, providing strong growth potential.

In parallel, the company continues to advance the Achilles Antimony Project in New South Wales, which hosts a JORC 2012 Mineral Resource of 1.52 million tonnes at 1.97 percent antimony for 29,900 tonnes of contained metal.

The portfolio across two Tier 1 jurisdictions gives Trigg diversification and positions it to build a secure Western supply chain for this critical mineral.

Building a Reliable Supply Chain for Antimony

The acquisition of patented claims at Antimony Canyon marks a pivotal step in Trigg Minerals’ strategy to establish itself as a reliable Western supplier of antimony.

With full surface and mineral ownership secured, strong funding support, and engagement from both community stakeholders and U.S. policymakers, the company is well positioned to fast track development in Utah while also advancing its Australian assets.

As Andre Booyzen, Managing Director of Trigg Minerals, emphasises, this dual jurisdiction approach creates flexibility and resilience, giving the company a leading role in the resurgence of secure antimony supply for Western markets.

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