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SBMT received MT DEQ's AMD2 Authorization to Proceed at Rainbow Block, unlocking full surface and underground exploration (Rainbow Decline, drill pads, bulk sampling). Coming after the May IPO and May surface-drilling start, the program aims to refine geology and metallurgical data to support project evaluation, with potential to supply up to 11 U.S.-designated Critical Minerals, including antimony, by 2029.
Regulatory authorization unlocks broader exploration, improves data quality, and may attract funding/partnership interest; near-term share price could react to the milestone and subsequent drill results.
SBMT likely to rally on AMD2 progress as data builds for project evaluation within 12โ24 months.
Category: Corporate Developments. The AtP approval is a regulatory milestone that enables expanded exploration, potentially de-risking the project and accelerating data collection for resource modeling and feasibility work.