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An announcement from Big Red Mining Corp ( (TSE:RED) ) is now available.
Big Red Mining Corp. has announced an expansion of its Antimony 2.0 project in New Brunswick following China’s recent export ban on antimony, which has caused global supply concerns. The company is advancing its soil sampling program and planning an IP survey to explore the area further, potentially positioning itself as a key player in North America’s effort to replace Chinese antimony supply, critical for defense and technological industries.
More about Big Red Mining Corp
Big Red Mining Corp. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is primarily involved in sourcing antimony, a critical mineral used in defense systems, renewable energy storage, and high-tech manufacturing. Its market focus is to develop alternative sources of antimony, particularly in response to global supply chain challenges exacerbated by export restrictions imposed by China.
YTD Price Performance: -25.00%
Average Trading Volume: 104,593
Technical Sentiment Consensus Rating: Hold
For detailed information about RED stock, go to TipRanks’ Stock Analysis page.
