Pinnacle will acquire eight U.S. critical minerals, gold and silver projects, including past producing assets

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

Highlights

• Pinnacle Minerals Limited (ASX: PIM, or the Company) has signed a binding agreement to acquire eight antimony, gold and silver projects in two promising and established mining regions in the US.
• Eight claim blocks have been secured, six of which are in Idaho and two in Washington, located near historic mining districts with proven production histories.
• The six Idaho projects surround Perpetua Resources Inc’s (PPTA.NAS; market capitalization of A$4 billion) Stibnite project and lie within a similar structural corridor and share similar geological features, including host rocks, alterations and “roof-hanging” mineralization style.
• The Thunder Mountain Project is credited with approx. 20,000 oz historic gold production early 20th century.
• All projects benefit from existing good quality infrastructure and evidence of past gold, silver and antimony production.
• The acquisition aligns Pinnacle’s U.S. strategy with the White House’s critical mission to rapidly develop U.S. critical mineral assets and strengthen the security of the U.S. defense supply chain.
• Potential for FAST-41 authorization and funding from the U.S. Department of War to accelerate the development of domestic critical mineral supply chains.
• On October 9, 2025, China further tightened export controls on critical minerals.
• On October 12, 2025, Australian media reported that the Australian government is considering establishing a $1.2 billion Strategic Mineral Reserve and supporting Australian critical minerals companies by setting production price floors, providing financing for new projects, entering into offtake agreements and encouraging Australian-based critical minerals miners to work closely with the US government to strengthen the capacity of the Western supply chain.
• The acquisition comes at an opportune time for the industrial sector, with many US 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 experienced and professional investors.

This article contains content from Pinnacle Minerals, which is licensed for the purpose of publishing to Investing News Australia. This article does not constitute advice on financial products. It is your responsibility to conduct appropriate due diligence before acting on the information provided here. View our full disclaimer here.