Antimony Resources Opens Commercial Talks as Bald Hill Drilling Ramps Up

Antimony Resources Corp. launches 19,000-metre expansion drilling at Bald Hill, targets new zones, and begins offtake talks as China suspends antimony export restrictions.

The shift from definition to expansion drilling at Antimony Resources Corp.’s Bald Hill project in New Brunswick marks more than a technical pivot — it signals the company’s growing confidence in the asset’s commercial viability. With a 19,000-metre campaign set to begin in the second week of May, the Canadian explorer is simultaneously opening discussions with metal marketers, a move that could transform the project’s standing in the antimony supply chain.

Drilling Targets Fresh Ground Beyond Main Zone

The new programme allocates 13,000 metres to expansion drilling in the Main Zone, with the remaining 6,000 metres directed at three newly identified mineralisation targets: Marcus, BH Central and BH South. The exploration area now spans 37 square kilometres, a substantial increase from earlier work.

The completed definition phase — over 25,000 metres across 77 drill holes since April 2025 — provided the dense data grid needed for an initial resource estimate. That estimate, being prepared by SRK Consultants of Toronto under NI 43-101 standards, is expected this month. The conceptual target of roughly 2.7 million tonnes grading 3 to 4 percent antimony remains unconfirmed, but the company has stressed it is not yet a formal mineral resource.

More than 1,500 drill core samples are currently undergoing laboratory analysis, with results expected to coincide with the start of the new field campaign. The last hole from the previous programme set a high bar: BH-25-34 returned 4.38 percent antimony over 7.05 metres, including a high-grade interval of 9.76 percent over 3.15 metres.

The Main Zone itself has delivered consistent grades of 3 to 4 percent antimony over average widths of four to five metres, with a strike length exceeding 600 metres and vertical extent reaching 350 metres. At the BH Central Zone, trench samples returned 2.8 percent antimony over 8.1 metres, while the Marcus West Zone has exposed stibnite outcrops up to 11 metres thick.

Commercial Conversations Begin as China’s Export Window Opens

The timing of the offtake discussions is no coincidence. China suspended its antimony export restrictions from November 2025 to November 2026, creating a defined window for Western projects to secure market positions. Antimony Resources has initiated talks with metal marketers about potential offtake agreements, with a permit application targeted for late 2026 or early 2027.

Antimony’s strategic importance is well established. Both the US and EU classify it as a critical mineral. Fastmarkets recorded an all-time high of $59,750 per tonne on 4 July 2025, and while prices have since eased, the structural supply deficit remains intact. Flame retardants account for roughly half of global consumption, while the photovoltaic industry is emerging as a growing demand driver.

New Brunswick’s recently announced Critical Minerals Strategy adds regulatory tailwinds, with the provincial government signalling active support for suitable projects — a factor that could accelerate the permitting timeline.

Solid Treasury Supports Expanded Work Programme

Antimony Resources raised nearly C$9.5 million in late 2025, supplemented by approximately C$1.21 million from warrant exercises in February 2026. The company says this cash position is sufficient to fund the expanded 2026 work programme without immediate recourse to capital markets.

The stock closed the previous week on the Canadian Securities Exchange at C$0.98, while on Tradegate it last traded at €0.506, a marginal gain of 0.40 percent for the session on 8 May. The weekly performance showed a decline of roughly 11.5 percent. The relative strength index sits near 40, suggesting the stock is approaching neutral territory after a correction. Despite the recent weakness, the share price remains about 58 percent above its 200-day moving average, with a year-to-date gain of over 470 percent. Market capitalisation stands at approximately C$101 million.

With assay results, the first official resource estimate, and the expanded drilling programme all converging in the coming weeks, Antimony Resources faces a data-dense period that will test whether the project’s substance matches its valuation.