Felix Gold Targets First US Antimony Output by Q4 2025 Amid Strategic Backing

Strategic Antimony Development in Alaska

Felix Gold Limited is positioning itself at the forefront of revitalizing the United States’ domestic supply of antimony, a critical mineral essential for defense, semiconductors, and energy applications. Its flagship Treasure Creek Project in Alaska is rapidly advancing, with the company targeting first production of antimony concentrate by the fourth quarter of 2025 or early 2026. This would mark the first domestic antimony output in over three decades, a milestone underscored by the mineral’s strategic importance amid global supply chain disruptions.

The project benefits from a brownfields site with historical production, proximity to infrastructure in the Fairbanks Gold Mining District, and a location within Alaska, recently ranked third globally for investment attractiveness. Felix Gold’s extensive drilling program; comprising 4,101 metres across 65 holes; has been completed, with assay results eagerly awaited to confirm resource quality and support ongoing technical studies.

Robust Technical and Regulatory Progress

Behind the scenes, Felix Gold is advancing a comprehensive suite of technical investigations, including metallurgical testwork aimed at producing military-grade antimony concentrate, resource modelling, and economic studies. These efforts are complemented by environmental baseline studies and permitting preparations designed to meet stringent state and federal regulatory requirements.

Importantly, the company is pursuing a staged development approach. The initial phase focuses on a small-scale, high-grade operation intended to validate market entry and commence production swiftly, while a second phase contemplates a longer-term, multi-year production scenario. This strategy balances speed with environmental stewardship and regulatory discipline.

Government Engagement and Strategic Alignment

Felix Gold’s progress is bolstered by strong engagement with U.S. government entities, including the Department of Defense, DARPA, and the Department of the Interior. These relationships reflect the project’s alignment with federal priorities to secure critical mineral supply chains, as highlighted by recent executive orders and legislation such as the CHIPS Act.

The company is actively exploring potential funding avenues under programs like the Defense Production Act Title III and the National Defense Stockpile, which could provide financial support and offtake opportunities. This government backing underscores the geopolitical urgency to reduce reliance on foreign sources, particularly following China’s export restrictions on antimony compounds.

Gold Assets Complement Strategic Growth

In parallel, Felix Gold holds a significant gold resource in Alaska’s Tier-1 Fairbanks Gold District, adjacent to Kinross Gold’s Fort Knox Mine. With an inferred resource of 832,000 ounces and advantageous infrastructure, this portfolio offers additional pathways for near-term value creation through resource expansion or partnerships.

Financial Position Supports Ambitious Plans

Financially, Felix Gold remains well-capitalized, ending the quarter with A$16.4 million in cash reserves following a successful $17 million placement. Exploration and project study expenditures totaled A$2.54 million during the period, reflecting disciplined investment in advancing the project’s technical and permitting milestones.

As assay results and permitting progress unfold in the coming months, Felix Gold is poised to define a clear production pathway that could reshape the U.S. critical minerals landscape.