Antimony Resources Expands Bald Hill Program to 19,000 Metres Amid Geopolitical Urgency
23.05.2026 - 12:23:30 | boerse-global.de
The clock is ticking on a critical supply chain deadline. China’s temporary suspension of export controls on strategic metals expires on 27 November 2026, and Antimony Resources is racing to turn its Bald Hill project in New Brunswick into a viable Western source of the mineral. The company has already punched 77 holes totalling over 25,000 metres since April, and the newly expanded Q2/Q3 campaign targets a further 19,000 metres split between the Main Zone and three newly defined zones.
Recent assays have reinforced the project’s depth potential. Drillhole BH-25-08 returned 14.91% antimony over 3.0 metres, including a massive stibnite section grading 28.76% over 1.7 metres. Another hole, BH-26-10, intersected two separate mineralised zones below 350 metres, pushing the deepest known mineralisation to 495 metres. The earlier batch of three holes had delivered grades of 8.1% and 13.9% antimony over widths of up to 6.2 metres. These results have prompted the company to contract SRK Consultants of Toronto for the first resource estimate, while soil sampling on the Second Run claims has flagged three anomaly areas — one of them still open along strike.
Yet the share price tells a different story. After hitting an all-time high of C$1.65 on 17 March 2026, the stock has shed about 40% from that peak and closed the week at C$0.98, a 21% weekly decline. The market capitalisation now stands at roughly C$82 million. One analyst still rates the shares a Buy with a price target of C$3.00, and the 12-month gain remains a striking 880% from a low of C$0.09. The disconnect between operational momentum and equity performance reflects the speculative nature of the junior mining space, even when the underlying commodity enjoys robust structural tailwinds.
Should investors sell immediately? Or is it worth buying Antimony Resources?
The expanded drill programme allocates 13,000 metres to the Main Zone and 6,000 metres to the three new zones, alongside regional geochemical work across the 37-square-kilometre claim package. Formal permitting is expected to be filed by late 2026 or early 2027, and management has indicated that preliminary offtake discussions will follow. With the US and EU both designating antimony as a critical raw material, and the global market having been in structural supply deficit since 2022, Bald Hill is positioning itself as a domestic alternative to a supply chain dominated by China, Russia and Tajikistan — which together control 90% of global output.
China’s two rounds of export restrictions in late 2024 have already squeezed availability, while the photovoltaic sector has increased its antimony consumption by 330% since 2020. The looming November deadline for the full reinstatement of Chinese controls adds urgency to every metre drilled at Bald Hill. Whether the current campaign can convert high-grade intercepts into a resource that attracts a strategic buyer or underpins a stand-alone operation will determine whether the stock’s recent pullback is a buying opportunity or a warning.
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