Hertz Energy moves swiftly to shore up Canadian antimony foothold
Antimony a crucial element in clean energy transition
Hertz Energy Corp. has signed a binding agreement to acquire a 100% interest in the Cartaway antimony project in New Brunswick, Canada.
Antimony is a critical mineral in the production of semiconductors, batteries, and other clean energy technologies.
The global demand for antimony is expected to grow significantly in the coming years as the world transitions to a cleaner energy future.
Cartaway project located in a Tier 1 Mining Jurisdiction
The Cartaway project is located in New Brunswick, Canada, making it in one of the safest and most environmentally responsible mining jurisdictions in the world.
The project has a 12-year mine life and the capacity to produce 10,000 tonnes of antimony per year.
The move is part of Hertz Energy's strategy to become a leading supplier of critical minerals for the clean energy transition.
Hertz Energy has strong financial backing and a team of experienced professionals
Hertz Energy is backed by a team of experienced professionals with a track record of success in the mining industry.
The company has also secured a $10 million loan from Sprott Resource Lending to fund the acquisition and development of the Cartaway project.
The acquisition of the Cartaway antimony project is a major step forward for Hertz Energy and positions the company well to become a leading supplier of critical minerals for the clean energy transition.
Antimony has a wide range of applications and demand to only increase
Antimony is a versatile metal with a wide range of applications, including:
The demand for antimony is expected to increase significantly in the coming years as the world transitions to a cleaner energy future.
The global market for antimony is expected to grow from 150,000 tonnes in 2022 to 200,000 tonnes by 2025.
Hertz Energy well-positioned to supply growing demand
With the acquisition of the Cartaway antimony project, Hertz Energy is well-positioned to supply the growing demand for this critical mineral.
The company is committed to sustainable mining practices and is working to develop the Cartaway project in a way that minimizes environmental impact.
Hertz Energy is confident that the Cartaway antimony project will be a valuable asset to the company and its shareholders.
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