Antimony Resources Nears Critical Juncture with Resource Estimate and Permitting Push

Antimony Resources nears maiden resource estimate and starts permitting for its flagship Bald Hill project in New Brunswick, capitalizing on antimony prices that have tripled since 2024.

The coming weeks represent a pivotal period for Antimony Resources as it advances its flagship Bald Hill project in New Brunswick on multiple concurrent fronts. The explorer is approaching the publication of its maiden mineral resource estimate while formally initiating the permitting process, all against a backdrop of soaring prices for the critical metal.

Scheduled for release in late April or early May 2026, the inaugural NI 43-101-compliant resource calculation is being prepared by SRK Consultants of Toronto. The firm brings specific expertise in antimony deposits, having recently completed a resource estimate for the former Beaverbrook mine in Newfoundland. The technical report outlines a conceptual target of approximately 2.7 million tonnes grading between 3% and 4% antimony, with mineralization extending over 700 metres in length and 350 metres in depth.

Drilling progress continues to feed this crucial work. The company has completed 6,500 metres of a planned 10,000-metre program, with two rigs currently operating. This campaign has successfully extended the Main Zone both east and west. Exploration is also focusing on the Central Zone, located south of the Main Zone, where historical trenching previously returned a grade of 2.8% antimony over eight metres. A newly identified area, the Marcus West Zone, has also exposed massive stibnite mineralisation.

In a parallel and equally significant stride, Antimony Resources has formally commenced the regulatory approval process for Bald Hill. On April 6, 2026, the company engaged GEMTEC Consulting Engineers and Scientists to develop a comprehensive regulatory roadmap. This plan will identify all relevant authorities, legislation, and timelines. Initial discussions with the New Brunswick provincial government have already taken place, with baseline environmental studies set to begin this spring.

CEO Jim Atkinson emphasized that early engagement with stakeholders—including provincial and local authorities, as well as First Nations—is intended to streamline and potentially shorten the permitting timeline. The company is in ongoing discussions with regulators to determine if a separate federal environmental assessment will be required.

These corporate developments are unfolding within an exceptionally supportive market environment. The price of antimony has surged dramatically, providing a powerful tailwind. In North America, the price now exceeds $49,000 per tonne, a more than threefold increase from approximately $14,500 at the start of 2024. Measured in kilograms, the rally is similarly stark, climbing from around $21.62/kg to roughly $51.80/kg—a gain of about 172%. The metal reached a historic high of $59,750 per tonne in July 2025.

This price strength is driven by concentrated global supply, dominated by China and Russia, and robust demand from sectors like flame retardants, renewable energy, and new applications in data centers and medical devices. Both the United States and the European Union have classified antimony as a critical mineral, underscoring the strategic importance of developing new sources like Bald Hill.

Investor sentiment has been notably positive. The stock of Antimony Resources has soared by over 1,000% in the past twelve months, recently trading at 1.45 CAD. In early April, investment bank GBC AG initiated coverage with a "Buy" rating and a price target of 3.00 CAD (approximately 1.90 EUR).

With the imminent resource estimate, the advancing regulatory work, and favourable market dynamics, Antimony Resources is positioning itself at a decisive inflection point, transitioning from pure exploration toward defined development.