Keep pulling the thread on Thompson Falls.
Gary's company is the sole-source supplier of antimony to the U.S. government under a $240 million contract.
The U.S. government provided a $27 million grant for the construction of a new $40 million smelter facility in Thompson Falls, Montana.
Gary's company has applied for a total of $245 million in U.S. government grants for projects related to antimony, hydrometallurgy, and tungsten.
The joint venture between America's Gold and Silver and Gary's company has a pending grant request for $75 million from the U.S. government.
Project Vault is a $12 billion U.S. government program intended to create a strategic reserve of critical metals.
Gary predicts that upon completion of their new facility, the combined output of his company and America's Gold and Silver will supply 50% of the total U.S. demand for antimony.
Two years ago, the United States was sourcing its antimony supply exclusively from China.
China has transitioned from being a net exporter to a net importer of antimony.
China's Twinkle Star mine, formerly the world's largest antimony source, was depleted and ceased operations in June 2024.
China is actively competing with U.S. firms to purchase antimony from countries like Chad, Bolivia, Australia, and Peru.
The U.S. Department of Defense's inventory of antimony is at its lowest level since World War II.
A joint venture between America's Gold and Silver and a partner company is developing a hydrometallurgical processing facility in Idaho.