Antimony is the clearest one. It appears on the USGS critical minerals list and was among the materials in the first shipment under the Pakistan-US Strategic Metals agreement in October 2025. We hold antimony under licence at Gultari and in the Gojal tehsil of Hunza. Copper has also drawn increasing attention in US supply chain policy, and we hold it at Shigar, Kharmang, Hilal Abad, Jutial Nala and Gupis.
Investor market
Mining investment for United States investors
A $500 million partnership between Pakistan and US Strategic Metals is already moving physical tonnage, not just signatures. Antimony, copper concentrate and rare earth elements have shipped under it, materials the US has been explicit about wanting from a wider set of suppliers, and three of them are minerals we hold under licence ourselves.
Why United States
Copper, antimony, and gold, three of our own commodities, are named directly among the minerals that partnership is built to develop and refine domestically in Pakistan rather than export as raw ore. For a US investor, that's a live, government-backed precedent for exactly this kind of deal, not a speculative pitch. Full background on the agreement, its timeline and what it shipped is on our news page.
Relevant commodities
Investor FAQ
United States: investor FAQ
Questions that come up specifically from United States counterparties.
No, and it would be misleading to imply otherwise. That is a separate framework between Pakistan and US Strategic Metals. We reference it because it establishes a live, government-backed precedent for exactly this kind of arrangement, and because the minerals it targets are the minerals we hold. Our concessions are an independent opportunity at an earlier stage.
A US entity cannot hold a Gilgit Baltistan mineral title in its own name. In practice that means a joint venture or farm-in with an existing licence holder, or incorporating a Pakistani subsidiary to hold the title. Both are routine; the choice usually comes down to how much operational control you want versus how much structure you want to set up.