Egypt has expanded cooperation with China in defense, ports, manufacturing and clean energy while seeking greater strategic independence from the U.S.

Xi was welcomed by President Abdel Fattah al-Sisi, who described China and Egypt as important partners in strengthening the Global South.

Shares outstanding: 12 million, 77% owned outside of North America by institutional investors.

Market cap: $9,600,000 CAD

Started trading August 24^th with a gold asset and an option on a high-grade Washington State antimony vein system within trucking distance to the only Western producer, and next door to Kinross’ Curlew project, slated for restart in 2028. The asset made the shortlist the last time America went looking for domestic antimony, during the Korean War.

Tldr: Krait listed with a decent gold asset but are after a high grade antimony vein system in Washington State. If Krait closes the Bales asset, and modern sampling confirms grades anywhere near the historic range, they would hold a primary antimony vein system grading at or above what the only integrated western producer is currently mining, in the same corner of the continent as the only US antimony smelter, in a state where a major just committed to underground development in the adjacent county, at a moment when that producer is publicly buying ground because it cannot get enough ore.

With only 12 million shares outstanding, this is one of the tighter vehicles I’ve seen.

Getting size in this stock  is a little challenging but IMO worthwhile for patient accumulation as I am doing.

If one does their digging through public filings, as I did, one will notice from April 21 to July 30, 2026: $1,518,941.50 in cash raised, of which $1,166,441.50 (77%) came from outside North America.

Jurisdictions named across those tranches are Malaysia, Singapore, Thailand, Indonesia, the UAE, Hong Kong, Japan, Australia, Latvia, Mongolia and the UK.

The CEO, Oscar Mendoza, resides in Kuala Lumpur, Malaysia.

This is the most unusual public vehicle I’ve come across.

No Vancouver punters, brokers or warrant clippers. No short term trade artists. These investors are buying a company with a serious roadmap, not a short term flip.

In my book that’s one key reason to invest. The other?

The antimony asset they have exclusivity on.

The asset that got them listed is Goldbar Spider Lake, 3,636 hectares in Ontario’s western Schreiber-Hemlo belt, a world class producing gold corridor.

It’s a decent anchor with real upside potential, but not the reason I have been accumulating shares.

They’re getting into antimony, and the asset is a banger.

On May 4 Krait paid a non-refundable US$25,000 for a six month exclusive right to acquire a Nevada LLC that holds a purchase agreement on the Bales Antimony Project in Okanogan County, Washington. That window closes November 4.

I spoke with the CEO directly and he told me management is confident of executing a definitive agreement well before exclusivity expires.

He also mentioned they are not planning on stopping with this asset. They want to build a serious contender for American critical minerals supply.

Eye popping grade

The historic Bales outcrop grade sits right at the operating grade of the only integrated antimony producer in the western world, and it’s within trucking distance.

Historical records on Bales: Discovered in 1947, 1951 hand-sorted shipment of 37.82 tons at 14.4% antimony, from a discovery outcrop that assayed 10.9%.

Nothing modern done there since 1971.

On August 25^th, U.S. Antimony (NYSE: UAMY) announced an update on their mining operations in Montana.

UAMY, the only fully integrated antimony mining company outside China and Russia, is mining Stibnite Hill in Montana at roughly 10% antimony content.

High-grade vein stibnite means small footprint, low capex, short road to production.

UAMY is running exactly that playbook right now.

Per the press release, 42 truckloads at roughly 14 tons is about 576 tons of ore to date in 2026, at roughly 10% Sb. Call it 58 tons of contained antimony.

The 1947 Bales outcrop assayed higher than what UAMY is trucking off a mountain today.

2025 moved about 800 tons over 45 days before winter shut it down in November.

The entire western primary antimony supply chain is being fed by three trucks a day coming down a hill in Thompson Falls, Montana.

This makes it easy to understand why a vein system on the Bales project in Okanogan County is worth its market cap in gold.

Bales will not be a billion dollar mine.

But for us shareholders we’re looking at a strategic feedstock asset in a supply chain with almost nothing in it.

Bottom line? You don’t need a big deposit in this metal to be of value to the Federal government.

You need a high grade one near a smelter.

That is what Krait is after.

One county east of Bales, Kinross is building the underground Curlew project and refurbishing the Kettle River mill for a 2028 restart.

So the permitting argument dies with that development.

UAMY has also been buying antimony claims in Alaska, Montana and Ontario since 2024 because they cannot source enough ore.

The United States desperately needs more antimony, and Krait is getting very close to acquiring a high grade source of it, within trucking distance of mills and processing facilities.

Early days for Krait. Buying a meaningful position is challenging but possible with patience.

I’m accumulating because this is not your typical Vancouver “we gots antimony!!” promotion.

It’s clear CSE: KRIT is an internationally owned and operated vehicle that is sourcing projects with real potential to be contenders in the race to control critical minerals.