Antimony Resources Deepens Discovery as New Brunswick Streamlines Critical Mineral Rules

Drilling at Antimony Resources' Bald Hill project returns up to 26.7% antimony below 350m, as New Brunswick reforms mining laws to fast-track critical minerals. Company funded with CAD 8.24M.

Drilling at Antimony Resources’ Bald Hill project has pushed known antimony mineralisation to a depth of at least 495 metres, well beyond the 350-metre boundary established in earlier work. One hole, BH-26-10, returned two intervals that underscore the system’s potential: a 0.45-metre section grading 26.7% antimony and a 0.3-metre intercept carrying 6.42% of the metal. Both lie below the previous depth limit, and the company described the mineralisation as open in all directions.

The same borehole also delivered a broader interval of 14.15 metres with an average grade of 1.37% antimony, reinforcing that the deposit may support both narrow, ultra-high-grade shoots and wider, lower-grade zones. Other holes in the main zone contributed additional results: BH-26-01 intersected 2.26% antimony over 2.0 metres, BH-26-04 returned 3.13% over 1.75 metres, and BH-26-08 showed 14.7 metres at 0.14% antimony. The company noted that reported down?hole lengths are roughly two-thirds of true thickness.

These findings emerge as the regulatory backdrop in New Brunswick shifts in favour of critical mineral projects. On 13 May 2026, the province announced plans to replace its 1985 Mining Act with a modern framework designed to accelerate permitting for strategic commodities. Antimony, which hit a record price of about US$59,750 per tonne in mid-2025, has been classified as critical in several jurisdictions because of supply?chain concentration. Faster approvals could benefit not only Bald Hill but also the nearby Lake George antimony mine.

Antimony Resources is well funded to pursue the current exploration programme. At 28 February 2026, the company held CAD 8.24 million in cash, up sharply from CAD 1.75 million a year earlier following a capital raise completed in late 2025. Management considers this liquidity sufficient to cover the entire drilling campaign, technical studies, and the forthcoming permitting process. GBC AG recently reaffirmed a buy rating on the stock with a price target of CAD 3.00, citing the company’s solid financial base and operational momentum.

Three drill rigs are now active on the 37?square?kilometre property, with a total 19,000?metre programme under way. Of that, 13,000 metres are targeting extension of the main zone, while the remaining 6,000 metres are allocated to satellite areas including Marcus, Central and South. Regional exploration continues about three kilometres south of the main zone, where soil anomalies are being investigated. Concurrent work includes building a 3D resource model and carrying out metallurgical tests.

The market responded promptly to the drill results. On the Canadian Securities Exchange, Antimony Resources shares closed at CAD 0.81 on 13 May, giving the company a market capitalisation of roughly CAD 87.3 million. On the U.S. OTCQB platform, the stock gained 11.3% to US$0.6790.

The next major catalyst will be the conversion of the conceptual exploration target into a formal resource. A NI 43?101 technical report previously outlined a conceptual target of approximately 2.7 million tonnes grading between 3% and 4% antimony. The ongoing drilling will test how much of that potential can be upgraded to an indicated or measured category.

Permitting for an eventual mine is also on the horizon. Antimony Resources plans to submit a formal application by late 2026 or early 2027, with the aim of establishing the first significant antimony production site in North America. CEO James Atkinson described the latest intercepts as evidence of the deposit’s high?grade character and of further upside at depth.