Today, the Utah Governor’s Office of Economic Development (GOED) awarded Trigg Minerals, LLC, (DBA American Tungsten and Antimony Ltd, or “ATAA”) a post-performance tax reduction for its expansion in Iron County. The corporate incentive is part of the state’s Rural Economic Development Tax Increment Financing (REDTIF) program.
As part of the agreement, Trigg Minerals projects to add 400 new, high-paying jobs and invest more than $287 million in rural Utah during the next 9 years.
“Trigg Minerals’ expansion into Garfield and Iron Counties is a monumental win for Utah that perfectly captures the essence of our strategic economic vision,” said Jefferson Moss, commissioner of GOED. “By establishing the nation’s first modern antimony tertiary refining facility right here in our state, we are doing more than just creating 400 jobs in a rural Utah community; we are securing Utah’s position as a critical hub in the global supply chain for defense, renewable energy, and technology. This project exemplifies our commitment to diversifying rural economies and ensuring that Utah leads the way in domestic mineral security and industrial innovation.”
Trigg Minerals, LLC is an Australian resources company focused on exploring and developing critical minerals, particularly antimony and tungsten, to support and secure supply chains in the West. The company’s flagship asset is the Antimony Canyon Project in Garfield County, Utah. This new project signifies a significant expansion into the United States. The company also has high quality tungsten projects in Northern Utah and Northern Nevada, with a fully permitted tungsten mill at its Dutch Mountain project in Northern Utah.
As global demand for antimony and tungsten rises, driven by their essential roles in renewable energy, defense, and high-tech industries, Trigg Minerals is strategically positioned to become a key player in the global critical minerals sector. The company’s expansion into Utah will introduce the first antimony tertiary refining facility in the United States, coordinating a major effort to mine, process, and concentrate ore at its site in Antimony, Utah, before producing pure antimony products at the new smelting facility.
“This recognition from the State of Utah represents a major milestone for American Tungsten and Antimony and reinforces the strategic importance of establishing a secure, domestic supply chain for critical minerals in the United States,” said Andre Booyzen, CEO of American Tungsten and Antomony Ltd. “Our planned antimony tertiary refining facility and integrated mining and processing strategy are designed to support America’s growing demand for materials essential to defense, energy, and advanced manufacturing. We are proud to be investing in rural Utah, creating high-quality jobs, and contributing to the long-term economic strength of Iron and Garfield Counties and the wider region. This project reflects our commitment to responsible development, industrial innovation, and helping position the United States as a leader in critical minerals independence at a time when supply chain security has never been more important.”
“EDCUtah is honored to support ATAA as it addresses a critical gap in the U.S. domestic supply chain,” said Ryan Starks, executive director of EDCUtah. “Utah is uniquely positioned to play a meaningful role in the production of critical minerals, and ATAA is helping lead the responsible development of antimony and tungsten resources. We commend ATAA’s efforts to create high-quality jobs in rural Utah and to advance materials refining through clean, resource-conscious practices.”
“This project represents a significant opportunity for Garfield County and rural Utah as a whole,” said Kaden Figgins, Garfield County director of planning and economic development. “The development of domestic antimony production in Antimony Canyon highlights the strategic importance of our region’s natural resources while creating meaningful economic opportunities for local residents. We appreciate ATAA’s commitment to investing in rural communities and advancing responsible resource development that supports long-term economic resilience, job creation, and national supply chain security.”
“This project represents a major investment in Southern Utah,” said David Johnson, Cedar City & Iron County economic development director. “The arrival of Trigg Minerals will add to our region’s strong and growing economy by creating additional stable, high-paying jobs and supporting long-term opportunities for families, businesses, and communities across multiple counties. This opportunity presents a more prosperous and resilient future for rural Utah and generations to come.”
Tax Credit Projections
| Timeline: | 9 years |
| Jobs: | 400 |
| Wages: | $231,862,558 |
| New state tax revenue: | $41,362,361 |
| REDTIF new state tax credit: | 40% |
Learn more about the state’s post-performance REDTIF program here.
About the Utah Governor’s Office of Economic Development
Under Gov. Spencer J. Cox’s direction, the Governor’s Office of Economic Development provides resources and support for business creation, growth, and recruitment. It also drives increased tourism and film production in Utah. As stewards of the world’s best economy and quality of life, the Economic Development office utilizes federal, state, and private sector resources to administer programs in areas demonstrating the highest potential for economic development and the most opportunity for Utahns.
About American Tungsten And Antimony Ltd
ATAA is building a leading position in the critical minerals sector with high-grade projects in the USA and Australia, advancing a strategy to support secure, conflict-free supply of antimony and tungsten to western markets.
American Tungsten & Antimony (ASX: AT4 | OCTCQB: ATALF) is strategically positioned to become a key player in the global critical minerals sector.
Demand for antimony and tungsten continues to rise due to their critical role in renewable energy, defence, and high-tech industries. ATAA is strategically positioned to become a key player in the global critical minerals sector. With a clear focus on advancing these high-potential assets, we are committed to delivering long-term value for shareholders while contributing to essential supply chains in a rapidly changing world.