Antimony Resources Hits 26.9% Antimony in Bald Hill's Main Zone, Stock Surges 21%

Antimony Resources reports highest-grade antimony intercept of 26.9% at Bald Hill, triggering a 21% stock surge. Three-rig campaign underway, cash position strong, analyst target C$3.00.

Investors piled into Antimony Resources after the junior explorer reported its highest-grade intercept to date from the Bald Hill project in New Brunswick. A 15-metre section of core returned 26.9% antimony, sending the stock up nearly 21% on the Canadian exchange and pushing its market capitalisation past C$105 million.

The latest batch of assays, released on 14 May 2026, also yielded additional intervals grading 6.9% antimony. The results come from the Main Zone, where mineralisation has now been traced to roughly 500 metres depth. A day earlier, the company had already flagged a 13.9% intersection, confirming that the system remains open in all directions according to an updated geological model.

Three-Rig Campaign Underway

To test that upside, Antimony Resources has mobilised three drill rigs across the 37-square-kilometre property. The current programme totals 18,000 metres, with the bulk targeting extensions of the Main Zone and about a third allocated to newly identified targets called Marcus, Central and South. Complementing the drilling, field crews are running soil sampling and trenching across the broader land package.

Geologists have already picked up three additional zones with anomalous antimony in soil, hinting at the potential for a much larger mineralised system beyond the current footprint. The property itself spans around 2,700 hectares and sits close to roads and deep-water ports – an infrastructure advantage that could ease future development.

Cash Position Strengthened

Antimony Resources entered the current phase with a healthier bank balance. A capital raise at the end of 2025 brought in 21.02 million new shares at C$0.45 each, replenishing the treasury. As of 28 February 2026, the company held C$8.24 million in cash, up sharply from C$1.75 million at the end of August the previous year. Management considers that sum sufficient to cover the planned exploration programme, which also includes technical gap analyses and building permit applications.

Analyst Target and Recovery Potential

The strong grades have caught the attention of GBC AG, which reiterated a buy rating and a price target of C$3.00 by the end of 2026. The analysts point to the project’s metallurgical performance – earlier test work recorded a recovery rate of 96% – as a key value driver. While Antimony Resources remains a pre-revenue explorer, the high antimony content raises the prospect of converting geological hits into a formal resource estimate.

A conceptual exploration target sketched out in the geological model envisages 2.7 million tonnes at an average grade of 3% to 4% antimony. Those numbers will be tested as the three-rig campaign progresses, with further assay results expected to shape the next phase of project definition.

Geopolitical Tailwind

Bald Hill’s timing benefits from a broader push by Western governments to secure independent supplies of critical minerals. Both the United States and the European Union classify antimony as a critical raw material, given its use in defence electronics and flame retardants. China recently suspended its export restrictions on critical minerals to the US until November 2026, but market observers remain sceptical about the durability of that détente.

New Brunswick is also courting investment in critical minerals, and Antimony Resources is advancing its permitting process in parallel with exploration. The company plans to submit the project application for Bald Hill by late 2026 or early 2027, with engineering firm GEMTC preparing a detailed schedule and cost plan for the remaining regulatory steps. For now, the drill bit remains the focus – and the latest intercept has raised the stakes for what comes next.