Felix Gold raises $4.8m to kick off near-term Alaskan antimony production

Felix Gold has received firm commitments to raise $4.8m at $0.075 per share with the aim of starting near-term antimony production at the historic Scrafford mine at its Treasure Creek gold project in Alaska.

In the wake of Chinese restrictions and a rapidly ascendant price tag, Felix Gold (ASX:FXG) has taken a major step in its ambitions for near-term production from the historic Alaskan mine as the United States moves on securing domestic production.

Already using its supply chain dominance to assert its influence over rare earth and graphite markets, China’s recent restrictions on antimony exports sparked immediate concerns from the US Military and a new wave of interest in its potential miners.

The US currently relies on imports for around 82% of its antimony demand, with the majority coming from the Chinese – a tap now severely tightened.

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