Antimony Resources’ Bald Hill Drilling Tops 25,000 Metres Amid US Policy Push for Domestic Antimony
04.06.2026 - 13:03:51 | boerse-global.de
A recent US Department of Justice ruling that greenlit continued construction at Perpetua Resources’ Stibnite gold-antimony project in Idaho has thrown a sharp spotlight on North America’s antimony supply chain. The court explicitly cited antimony’s critical role in munitions, high-performance batteries and radar materials, making it clear that the US considers the metal a national security priority. With the US having produced no domestic antimony since 2001 and China — which controls 48% of global mine output and supplied 63% of US imports — maintaining restrictive export controls, the pressure to develop alternative sources is mounting rapidly.
One company directly in that crosshair is Antimony Resources, which is advancing its Bald Hill project in New Brunswick, Canada. While not involved in the Idaho development, the strategic momentum sweeping through the sector has pulled Bald Hill into sharper focus. The company has completed 77 drill holes totalling more than 25,000 metres since April 2025, with three rigs now running on site. The main zone already stretches 600 metres along strike with depths of 350 metres and true widths averaging four to five metres. A second phase launched May 12 plans an additional 13,000 metres in the main zone and a further 6,000 metres to delineate three newly discovered mineralised zones.
A formal NI 43-101 resource estimate from SRK Consultants had been expected by the end of May but has not yet been released. The conceptual target sits at roughly 2.7 million tonnes grading between 3% and 4% antimony across 700 metres of strike length and 350 metres of depth. The company is careful to note that the high-grade stibnite intervals reported to date remain preliminary and insufficient for a confirmed mineral resource. Until that estimate lands, the Bald Hill story remains partly unverified.
Should investors sell immediately? Or is it worth buying Antimony Resources?
The market’s reaction to this blend of geopolitical tailwinds and project uncertainty has been volatile. The stock recently traded around €0.50, roughly 52% below its March high of €1.05 yet still 52% higher than at the start of 2025. On a 12-month basis the gain is a staggering 566%. The technical picture leans cautious: the relative strength index sits at 42.5 and the shares are trading below their 50-day moving average of €0.67, suggesting the correction has not yet run its course.
Permitting work is running in parallel with the drill programme. In April, Antimony Resources appointed GEMTEC Consulting Engineers to produce a full regulatory roadmap. Initial talks with the government of New Brunswick have already taken place, with the province expressing active support through its own critical-minerals strategy. A formal permit application is targeted for the fourth quarter of 2026. The company has also begun early discussions with metal traders about potential offtake agreements.
CEO Jim Atkinson, who previously served as chief geologist at New Brunswick’s Lake George antimony mine, summed up the macro picture: “There are no primary antimony producers in North America. Canada has a significant opportunity to fill the supply gap.” China has paused its export ban on antimony to the US until November 27, 2026, but still requires export licences and has authorised only 11 companies for shipments. The global antimony market, currently valued at roughly $2.4–2.5 billion, is forecast to reach $4.1–4.4 billion by 2034–35, driven by defence, electronics and advanced technology.
For now, the stock reflects scepticism more than euphoria. The next major catalyst — the SRK resource estimate — will determine whether Bald Hill’s conceptual target of 2.7 million tonnes holds water. Until then, investors are watching the drill rigs and the permitting clock in equal measure.
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