Omnia Metals Secures Strategic US Antimony and Rare Earth Projects with $1.5M Placement
Omnia Metals has made a decisive entry into the US critical minerals market by acquiring the Stibnite Ridge antimony and silver project and staking the Radix rare earth and gallium project in Montana, backed by a $1.5 million capital raise.
- Acquisition of 100% interest in Stibnite Ridge antimony and silver project
- Direct staking of Radix rare earth elements and gallium project adjacent to US’s highest-grade REE deposit
- Placement raising $1.5 million from sophisticated investors and director participation
- Projects located in Tier-1 US jurisdictions with established infrastructure
- Strategic alignment with US government critical minerals priorities amid supply chain tensions
Omnia Metals Targets US Critical Minerals with Montana Acquisitions
Omnia Metals Group Ltd (ASX:OM1) has taken a significant leap into the US critical minerals sector, announcing the acquisition of the Stibnite Ridge Thompson Falls Antimony and Silver Project and the direct staking of the Radix Rare Earth Elements (REE) and Gallium Project, both in Montana. The Stibnite Ridge project sits immediately adjacent to US Antimony Corp’s (NYSE:UAMY) operation, the only Department of Defense-approved antimony producer in North America, while Radix borders the highest-grade REE and gallium deposit in the United States. This dual entry positions Omnia squarely within some of the most geopolitically critical mineral jurisdictions in North America.
The move comes amid heightened global supply chain concerns, with China tightening export controls on key minerals like antimony and gallium. The US government has responded with policies such as Executive Order 13817 and the Defence Production Act Title III, prioritising domestic critical mineral projects. Montana’s carbonatite systems, including the Ravalli County corridor where Radix is located, have been designated priority areas under the USGS Earth MRI initiative, underscoring the strategic importance of Omnia’s new foothold.
Stibnite Ridge: Adjacent to a National Security Asset
Omnia’s 100% acquisition of the Stibnite Ridge Project places it on the Stibnite Hill structural corridor in Sanders County, directly abutting US Antimony Corp’s Stibnite Hill Mine and Thompson Falls smelter. UAMY recently restarted mining operations using modern cut-and-cover extraction, revealing more antimony mineralisation than previously expected, and holds a US$245 million sole-source contract with the US Department of Defense. This contract highlights antimony’s status as a national security priority, with UAMY’s facility being the only fully integrated antimony operation approved by the DoD in North America.
Omnia’s claims cover key fault zones hosting known mineralisation, reducing early-stage technical risk thanks to existing road access and historical mining data. The company plans systematic sampling and drill target generation to validate and prioritise exploration efforts. This proximity to an active, strategic mining operation offers a clear pathway for Omnia to potentially leverage existing processing infrastructure in the future.
Radix Project: A Rare Earth and Gallium Opportunity Next Door
The Radix Project comprises 80 lode mining claims covering approximately 3,024 acres in Ravalli County, Montana, directly adjacent to the US Critical Minerals Sheep Creek deposit. Sheep Creek is recognised as the highest-grade REE deposit in the US, with total rare earth element grades reaching up to 20.1% TREE and gallium concentrations six times higher than typical Chinese production grades. Gallium, essential for semiconductors and 5G infrastructure, currently has no domestic US primary production, making Radix’s position on the same carbonatite geological trend particularly compelling.
Historical exploration at Radix has been limited to surface geological surveys, leaving a large, underexplored target area. Omnia aims to apply modern exploration techniques, including geochemical sampling, structural mapping, and geophysical surveys, to unlock the district’s potential. The project’s location within a Tier-1 mining jurisdiction with existing infrastructure further supports a streamlined path toward resource definition.
Omnia’s entry into the US critical minerals space follows a recent $1.58 million capital raise to support exploration and acquisitions, including the Salt Creek project and strategic US ventures. This fresh injection of capital and strategic landholdings signals Omnia’s intent to accelerate its critical minerals ambitions, leveraging geopolitical tailwinds and market demand for antimony, silver, REEs, and gallium. The company’s ongoing efforts to secure a third advanced US project could further enhance its portfolio and market positioning.
Capital Raising and Next Steps
To fund these acquisitions and exploration programs, Omnia has secured firm commitments to raise $1.5 million through a placement priced at $0.02 per share, with additional director participation of $82,500. Placement participants will receive attaching options exercisable at $0.025, subject to shareholder approval. The Stibnite Ridge acquisition consideration involves issuing 25 million shares, also conditional on shareholder approval.
Immediate work at both projects will focus on compiling historical data, conducting systematic sampling, generating drill targets, and initiating permitting processes for diamond drilling. The company’s existing cash reserves combined with the new funds will support these activities over the coming year.
Omnia’s Executive Director Patrick Glovac highlighted the transformational nature of these projects, noting their alignment with US strategic priorities and the company’s ambition to become a key player in the emerging critical minerals supply chain. The company’s careful positioning next to established producers and high-grade deposits offers a rare combination of geological promise and strategic relevance.
This move also builds on Omnia’s previous capital raising efforts, including the recent $1.58 million raise that bolstered its balance sheet for exploration and acquisitions in the US, underscoring a consistent strategic focus on critical minerals.
Bottom Line?
Omnia’s US critical minerals entry is a calculated step into a geopolitically vital sector, but exploration results and shareholder approvals will be key milestones to watch.
Questions in the middle?
- Will Omnia secure shareholder approval smoothly for the Stibnite Ridge acquisition?
- How quickly can Omnia progress permitting and drilling to validate mineralisation at both projects?
- What impact will US government funding and policy have on Omnia’s project development timelines?