Antimony Resources: A 525% Rally, a 54% Slide, and the June Resource Report That Could Determine Bald Hill’s Fate

Antimony Resources shares swing as geopolitical tailwinds clash with commodity selloff; all eyes on June NI 43-101 estimate for Bald Hill project.

The numbers tell a story of extremes. Antimony Resources shares have surged more than 500 percent over the past twelve months, yet they now trade 54 percent below the 1.05 euro peak reached last March. The stock briefly climbed 24 percent in a single week to 0.48 euros before retreating to its current level of 0.44 euros. Over the past 30 days, it has lost roughly 18 percent. This is not the profile of a market that has settled on a valuation — it is the signature of a stock caught between powerful geopolitical tailwinds and a punishing commodity selloff.

All attention is now fixed on a single milestone. By the end of June, SRK Consultants is due to deliver the first official NI 43-101 mineral resource estimate for the Bald Hill antimony project in New Brunswick. A previous technical report — one the company itself clarified after a British Columbia Securities Commission review contained no resource statement — outlined a potential of 2.7 million tonnes of ore with antimony grades of up to four percent. The SRK study will determine whether Bald Hill can graduate from a promising exploration story into a measurable, investable deposit.

Operationally, the project continues to deliver eye-catching numbers. Recent sampling from the southern zone returned an average antimony grade of 19.5 percent across 38 rock specimens, with individual samples exceeding 44 percent. The area runs parallel to the main zone and adds further evidence that Bald Hill hosts significant high-grade material. The company has completed an extensive drilling campaign to support the resource estimate.

The macro environment, however, has turned decidedly hostile. The global antimony price has fallen 36 percent from its peak in June 2025. The trigger is a shift in Chinese policy: Beijing has temporarily suspended its export bans on critical minerals to the United States, a measure now in place through the end of 2026. The move has eased supply-chain fears and put downward pressure on prices. The European Commission’s Joint Research Centre had previously described China’s export controls as a supply-chain problem affecting defense, electronics, cable and battery technologies, underscoring the metal’s strategic importance.

Against that backdrop, political attention on Bald Hill has increased. New Brunswick’s resources minister, John Herron, recently toured the project, visiting drill sites, the core processing facility at Penobsquis, and discussing exploration plans. The company emphasized road access and local environmental controls. Herron framed antimony as an economic opportunity for the province, linking resource development to jobs, environmental stewardship and First Nations relationships.

Yet a ministerial visit is a soft catalyst, not a hard milestone. The stock’s technical picture reflects the market’s ambivalence. It trades below both the 50-day and 100-day moving averages, each at 0.61 euros, but sits about seven percent above the 200-day line. The relative strength index rests at 47, squarely in neutral territory. The annualized 30-day volatility of more than 142 percent underscores how violently sentiment can swing around this name.

The overarching question has shifted. The world has already decided that antimony is a strategic metal — vital for military applications, batteries and photovoltaics, and largely imported from China and Russia. The issue now is whether Bald Hill can navigate the journey from geologically compelling ground to a permitted, financed production asset. The June resource estimate is the next hard checkpoint. It will either confirm the optionality that the market has already priced in, or demand a reassessment.