Antimony Resources Braces for a Dual Catalyst: Resource Report and Lock-Up Expiry on June 29
Published on 06/22/2026 at 16:25 | Redaktion boerse-global.de
Trading around €0.39 – down more than 60% from the March record high of €1.05 – Antimony Resources is heading into a pivotal session on June 29, when two opposing forces collide. The junior explorer will finally deliver its first NI 43-101 resource estimate for the Bald Hill antimony project in South Africa, while at the same time a lock-up restriction on over 21 million shares from a December placement lifts, potentially unleashing a wave of selling.
The share overhang stems from a December 2025 placement of approximately 21 million units at C$0.45 per unit, each comprising one share and one half-share warrant exercisable at C$0.75. Those securities become freely tradable on June 29. With the current Canadian-dollar equivalent of the stock price (around €0.39, or roughly C$0.58) sitting well below the C$0.45 issue price, investors who subscribed in December are nursing paper losses and may be tempted to reduce their exposure as soon as the lock-up ends.
The timing of the resource estimate from Toronto?based SRK Consultants could hardly be more critical. Originally expected in April or May, the report was delayed and is now promised for this same date. Antimony Resources previously telegraphed an internal conceptual estimate of up to 124,000 tonnes of antimony. SRK’s independent assessment will either confirm or correct that figure, and its reception by the market will likely determine whether the share unlock becomes a painful drag or a manageable event.
Should investors sell immediately? Or is it worth buying Antimony Resources?
Bald Hill’s drilling results to date provide some basis for optimism. The Main Zone was tested via a 25,000?metre programme that traced mineralization for 700 metres along strike and at least 350 metres down?dip, with typical widths of three to four metres grading 3–4% antimony. More eye?catching are the recent rock samples from the so?called South Zone, located about 900 metres south of the main body: 38 grab samples returned a weighted average of 19.5% antimony over a strike length of 200 metres, a grade that is unusual even for antimony deposits.
Counterbalancing the project?specific news is the broader commodity backdrop. Antimony prices have softened to roughly US$51.80/kg, a decline of about 22% since the start of 2025. Buyers are holding off and sellers are offering discounts, keeping the spot market under pressure.
Still, the long?term strategic picture remains intact. The United States imports between 20,000 and 25,000 tonnes of antimony annually, the overwhelming majority from China. While Beijing has suspended its full export ban to the US until November 27, 2026, all shipments still require licenses and sales to military end?users are prohibited. Washington’s determination to reduce that dependence was underscored in May by a billion?dollar loan from the US Export?Import Bank to Perpetua Resources for its antimony?gold project in Idaho – a signal that North American domestic supply is a policy priority.
Antimony Resources is itself advancing permitting for Bald Hill, with a formal application targeted for early 2027. But in the near term, all eyes are on June 29. The resource report will provide the first hard, audited foundation for the project’s value. Whether that foundation is strong enough to hold up against the selling flow from the lock?up expiry will decide whether the stock can arrest its sharp correction – or sink deeper.
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