Antimony Resources’ Bald Hill Drilling Confirms Continuity to 495 Metres, Fuelling M&A Speculation
21.05.2026 - 11:23:02 | boerse-global.de
The race to secure non-Chinese antimony supply is accelerating, and a little?known junior explorer in New Brunswick is emerging as a potential prize. Antimony Resources, one of the few pure?play antimony exploration companies listed in the West, has reported high?grade drill results that extend the known mineralisation at its Bald Hill project to 495 metres depth — far deeper than previously modelled. The announcement comes as antimony prices have surged six?fold since 2020, with China’s export restrictions in December 2024 pushing the metalloid to nearly $60,000 per tonne.
Bald Hill, a 37?square?kilometre land package in a mining?friendly jurisdiction, has been the focus of an aggressive drilling campaign. In its latest update on 13 May 2026, Antimony Resources reported intercepts grading up to 26.9% antimony over widths of up to 15 metres — robust numbers for stibnite?bearing core. The new data confirm that the Main Zone extends at least 495 metres vertically, strengthening the case that the deposit runs deeper than the 400?metre limit outlined in historical models.
The current programme, funded by a cash position of C$8.24 million as of 28 February 2026, totals 19,000 metres. Of that, 13,000 metres are dedicated to expanding the Main Zone, while the remaining 6,000 metres target early?stage exploration at the Marcus, BH Central and BH South prospects. Trenching there has already exposed additional stibnite mineralisation. Since April 2025, the company has drilled more than 25,000 metres across 77 holes, including 43 holes (over 13,000 metres) from its latest definition campaign.
Historical work had outlined a deposit stretching over 700 metres of strike and reaching 400 metres depth, with average widths exceeding 3 metres and grades of 3?4% antimony. A technical report from 2025 estimated a conceptual potential of roughly 2.71 million tonnes at similar grades — though this does not constitute a formal mineral resource estimate. That formal estimate, along with metallurgical studies and baseline environmental work, is expected to be completed in the window leading up to the submission of a permit application, planned for late 2026 or early 2027.
Should investors sell immediately? Or is it worth buying Antimony Resources?
The financial picture has improved markedly. At the end of August 2025, Antimony Resources held just C$1.75 million in cash. A capital raise in November 2025, combined with exercised warrants and options, swelled the treasury to C$8.24 million by the end of February 2026. Management believes this is sufficient to fund exploration and permitting through the entire 2026 fiscal year.
Analysts at GBC AG, who reaffirmed their buy rating on 11 May 2026 with a C$3.00 price target, point to the company’s solid funding as a key catalyst. They also highlight the strategic position of Bald Hill in a market where North America and Europe have classified antimony as a critical raw material. The metal is essential for flame retardants in electronics, high?performance batteries and military ammunition — uses that make reliable Western supply chains a geopolitical imperative.
That strategic dynamic is also fuelling take?over speculation. GBC views Antimony Resources as a potential acquisition target for larger miners or defence?linked partners, given the scarcity of pure antimony exploration assets outside China, Russia and Tajikistan. A formal resource estimate, once published, would likely serve as the next major catalyst — both for valuation and for concrete M&A interest.
Antimony Resources at a turning point? This analysis reveals what investors need to know now.
On Wednesday, the company’s shares on Tradegate rose 2.7% to €0.532, reflecting the market’s growing attention to a project that combines high?grade drill results, strong financial backing and a role in the West’s urgent search for antimony security.
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