Antimony Resources Receives Bullish Initiation from GBC AG

GBC AG issues a Buy rating and 3.00 CAD target for Antimony Resources, citing strategic critical mineral status and upside from its Bald Hill project in Canada.

GBC AG, the Augsburg-based investment bank, has initiated coverage on Antimony Resources with a positive outlook. In a research note dated April 1, 2026, the firm assigned a "Buy" rating to the company's shares, establishing a fair value estimate of 3.00 CAD (approximately 1.90 EUR).

Strategic Focus on a Critical Mineral

The investment thesis is anchored in the strategic classification of antimony as a critical raw material by both the United States and the European Union. This status is creating a favorable tailwind for developers like Antimony Resources, which is advancing its flagship Bald Hill project located in New Brunswick, Canada.

GBC analysts highlight the mining-friendly jurisdiction of New Brunswick as a key advantage. The region is emerging as a potential non-Asian source for antimony, a market currently dominated by China and Russia. This geopolitical concentration has prompted Western governments to seek more secure supply chains. Notably, the U.S. government recently allocated an additional $500 million to support domestic processing of critical minerals.

The Bald Hill Project's Potential

The core of the valuation rests on the Bald Hill asset. According to an NI 43-101 compliant technical report, the project hosts an estimated resource ranging between 69,990 and 123,710 tonnes of antimony. A 10,000-meter drilling program is currently underway, aimed at further defining and potentially expanding this resource base.

The broader activity in the region underscores its prospectivity. Galway Metals has reported drill results from a nearby property showing antimony grades of 0.7% alongside gold mineralization. Furthermore, Adelayde Exploration has also commenced operations in the area, signaling growing interest in New Brunswick's mineral potential.

Significant Upside Priced In

For micro-cap companies such as Antimony Resources, the current environment presents a unique opportunity. GBC AG identifies the ongoing drill results and the metal's strategic importance as the primary catalysts for the anticipated share price appreciation. From current levels, the path to the stated 3.00 CAD target implies considerable upside potential, according to the bank's analysis.