Antimony Resources at a Crossroads: High-Grade Hits and a June Deadline Clash at Bald Hill
Published on 06/18/2026 at 18:14 | Redaktion boerse-global.de
New drill results from the Bald Hill antimony project in New Brunswick have served up some of the strongest intercepts yet, but the market remains far from convinced. Antimony Resources reported that hole BH-26-15 cut 2.85% antimony over 13.2 metres starting at 213 metres depth, with a high-grade interval of 8.15% over 2.3 metres and individual sample peaks reaching 36%. The company also confirmed that mineralisation extends into the southern portion of the Main Zone, with holes BHW-26-03 and BHW-26-04 both hitting multiple zones along a 20-metre drill length. BH-26-15, the widest interval of the current batch, captured three mineralised zones over 40 metres.
These results come from a scissor-drilling approach that targets the structure from both east and west flanks, a method designed to prove continuity rather than deliver isolated peaks. But for all the high-grade numbers, the market is fixated on what is not yet in hand: a formal NI 43-101 resource estimate. That document, being prepared by Toronto-based SRK Consultants, was originally due in late April or early May and has slipped to June. The delay has tested investor patience, and the stock has paid the price—down roughly 23% in the past 30 days and 62% below its 52-week high of €1.05 set in March. On the day of the latest release, shares closed at €0.40.
Adding to the near-term pressure, a lock-up agreement on roughly 21 million shares and broker warrants expires on June 29. These securities stem from a December 2025 private placement that raised C$9.5 million at C$0.45 per unit (one share plus a warrant exercisable at C$0.75). With the current share price trading well below that placement price, the risk of a post-lock-up selling wave is real and widely acknowledged.
What could change the narrative is the resource estimate itself. Previous technical reports have sketched an exploration target of 70,000 to 124,000 tonnes at grades between 3.0% and 4.0% antimony—a conceptual figure that, if confirmed, would place Bald Hill among the larger undeveloped antimony deposits outside China. A separate March 2026 report floated a higher-tonnage target of roughly 2.7 million tonnes at similar grades, but the company stresses that remains conceptual pending the SRK study. Metallurgical tests on waste dumps have shown recoveries as high as 92%, an encouraging sign for processing economics.
Should investors sell immediately? Or is it worth buying Antimony Resources?
Meanwhile, a new discovery in the South Zone, roughly 900 metres south of the Main Zone, has added further upside. Rock-chip samples from 38 specimens averaged 19.5% antimony, with individual assays reaching 44.2%. The company sees this as evidence of a separate, parallel antimony trend—a potential exploration story beyond the currently defined deposit.
The broader antimony market is not providing tailwinds. The metal currently trades around $51.80 per kilogram, down 36% from its June 2025 peak and 5.9% lower year-to-date. Yet structural demand drivers remain intact. Sodium antimonate is gaining traction in the energy transition, antimony trioxide used as a flame retardant in PVC is finding growing demand from data centres and medical applications, and geopolitical tensions keep supply chains uncertain. China has suspended its full export ban to the US until November 27, 2026, but every shipment still requires Beijing’s approval, and the military embargo remains in place. In response, Washington made a clear statement in May 2026 when the US Export-Import Bank approved a roughly $2.9 billion loan to Perpetua Resources’ gold-antimony project in Idaho.
On the permitting front, Antimony Resources is making progress. GEMTEC Consulting Engineers of Fredericton is compiling a complete regulatory roadmap, and initial discussions with provincial and federal authorities, including the Technical Review Committee, have already occurred. The formal permit application is expected in the fourth quarter of 2026 or the first quarter of 2027.
Antimony Resources at a turning point? This analysis reveals what investors need to know now.
The next two weeks pack both promise and peril. The SRK resource report, the June 29 lock-up expiry, and the still-troubled antimony price form a tight window that could swing sharply in either direction. For a stock that has rallied 456% over the past twelve months despite its recent slide, the coming days will test whether the underlying geology can finally translate into certified ounces—and whether the market is willing to wait for them.
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Antimony Resources Stock: New Analysis - 18 June
Fresh Antimony Resources information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
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