On September 16, 2024, Hertz Energy Inc. announced the acquisition of the Lake George Antimony Property in the Province of New Brunswick. The Property consists of 93 mineral claims covering approximately 2,104.5 hectares, surrounding the historical Lake George Antimony Mine.
The Lake George Mine was formerly the largest antimony producer in North America, with a history of production from 1876 to 1996. It includes en-echelon gold-bearing polymetallic and antimony veins with massive stibnite in Ordovician sedimentary and volcanic rocks. The Property has been acquired by Hertz Energy through staking, with no underlying agreements or royalties attached to the claims.
The acquisition of the Lake George Antimony Property complements Hertz Energy’s strategic focus on exploring its Antimony Projects portfolio amidst global antimony supply chain disruptions. Antimony, a metal with diverse applications, has seen a significant increase in demand and price due to export restrictions imposed by major producers like China.
Paul Teniere, P.Geo., Technical Advisor of Hertz Energy, oversaw the scientific and technical information in this announcement. The Company is a British Columbia-based junior exploration company engaged in the acquisition and exploration of energy metals mineral properties, including lithium and antimony projects across Quebec and New Brunswick.
For additional information, interested parties may contact Mr. Kal Malhi or review the Company’s filings and website for comprehensive details. Please note that this release may contain forward-looking statements, and readers are advised to consider the inherent risks associated with such projections. For further insights, the original press release can be accessed at the provided source link.
