Pinnacle Minerals

Pinnacle to Acquire Eight U.S. Critical Minerals, Gold & Silver Projects, Including Past-Producing Assets

PORTFOLIO INCLUDES SIX PROJECTS SURROUNDING PERPETUA’S STIBNITE MINE,AND TWO PROJECTS IN HISTORIC MINING DISTRICTS IN WASHINGTON STATE

Pinnacle Minerals Limited (ASX: PIM) (“Pinnacle” or the “Company”) is pleased to announce it has entered into a binding agreement for the strategic acquisition of Idaho Antimony Critical Minerals Pty Ltd, an entity that has a binding option agreement to acquire Idaho Antimony Corporation, providing the Company with 100% ownership of a portfolio of eight highly prospective critical minerals projects located in Idaho and Washington State, USA (the “Projects”).


Highlights

  • Pinnacle Minerals Limited (ASX: PIM, or the Company) has executed a binding agreement to acquire eight Antimony, Gold and Silver projects in two highly prospective and well- established mining regions in the USA.
  • Eight claim blocks secured, with six in Idaho and two in Washington, located near historic mining districts with proven production history.
  • The six Idaho Projects surround Perpetua Resources Inc's (PPTA.NAS; A$4bn market cap) Stibnite Project and lie within a similar structural corridor and share similar geological characteristics, including host rocks, alteration, and "roof pendant" mineralisation style.
  • The Thunder Mountain Project is credited with approx. 20,000 oz of historical gold production in the early 1900s.
  • All projects benefit from good quality existing infrastructure and evidence of past production of gold and silver and antimony.
  • Acquisition aligns Pinnacle's U.S. strategy with key White House mission to quickly develop U.S. critical minerals assets and strengthen U.S. defence supply chain security.
  • Potential for FAST-41 permitting and U.S. Department of War funding to accelerate development of domestic critical minerals supply chains.
  • On 9 October 2025, China further tightened export controls on critical minerals.
  • On 12 October 2025, Australian media reported that the Australian government is considering setting up a $1.2 billion critical minerals strategic reserve and supporting Australian critical minerals companies by setting price floors for output, providing funding for new projects, providing offtake agreements and encouraging Australian based critical minerals miners to work closely with the U.S. administration to strengthen Western supply chain capability.
  • Acquisition occurring at an opportune time for the industry sector, with many U.S. critical minerals companies trading at record highs, including Critical Metals Corp (CRML.NAS; up 15x from 52-week low), USA Rare Earth Inc (USAR.NAS; up 6.8x from 52-week low), MP Materials Corp (MP.NYS; up 5.4x from 52-week low) and Perpetua Resources Corp (PPTA.NAS; up 3.4x from 52-week low).
  • Pinnacle has also received firm commitments for a Placement to raise $3 million from sophisticated and professional investors.

Cautionary Statement Regarding Historical Data

The Company is in possession of or is aware of historical exploration results summarised in US government reports, that it considers are (at this stage) not reliable enough to be material, and/or not sufficiently complete. Therefore, the Company has determined those data are therefore not suitable for release to the market. The Company is in possession of a number of these historical reports and confirms that, it will commence a program of rock- chipping, sampling and petrographical work to verify statements made in these historical reports. This work will be carried out in the coming weeks prior to the onset of winter in the region.


Click here for the full ASX Release

This article includes content from Pinnacle Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

Terra Clean Energy

Terra Clean Energy Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Terra Clean Energy (CSE:TCEC)

Terra Clean Energy

Advancing an expansive uranium landholding in the prolific Athabasca Basin and past-producing uranium districts in the United States

Advancing an expansive uranium landholding in the prolific Athabasca Basin and past-producing uranium districts in the United States Keep Reading...
Alain Corbani, gold bars.

Alain Corbani: Gold to Hit US$5,000 Near Term, What About Silver?

Alain Corbani, head of mining at Montbleu Finance and manager of the Global Gold and Precious Fund, sees the gold price reaching US$5,000 per ounce in the near term. He sees real interest rates and the US dollar as the key factors to watch, but noted that other elements are also adding... Keep Reading...
Aurum advances Boundiali development with 3 ML Applications

Aurum advances Boundiali development with 3 ML Applications

Aurum Resources (AUE:AU) has announced Aurum advances Boundiali development with 3 ML ApplicationsDownload the PDF here. Keep Reading...
Peruvian Metals Full Capacity Throughput at Aguila Norte Processing Plant in 2025 and Focuses on Silver and Gold for 2026

Peruvian Metals Full Capacity Throughput at Aguila Norte Processing Plant in 2025 and Focuses on Silver and Gold for 2026

Peruvian Metals Corp (TSXV: PER,OTC:DUVNF) (OTC Pink: DUVNF) ("Peruvian Metals" or the "Company") is pleased to announce production results for 2025 at its 80-per-cent-owned Aguila Norte processing plant ("Aguila Norte" or the "Plant") located in Northern Peru. The Company is also pleased to... Keep Reading...
Ongoing Drilling Continues to Return Broad Gold Intercepts

Ongoing Drilling Continues to Return Broad Gold Intercepts

Asara Resources (AS1:AU) has announced Ongoing drilling continues to return broad gold interceptsDownload the PDF here. Keep Reading...
Terra Clean Energy

Terra Clean Energy Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Interactive Chart

Latest Press Releases

Related News