Antimony Resources Secures Political Support for Bald Hill as Drilling Confirms High-Grade Antimony Potential

A visit from New Brunswick’s natural resources minister to Antimony Resources’ flagship Bald Hill project has injected fresh momentum into the explorer’s stock, sending shares more than 7% higher on Monday morning on Tradegate. John Herron toured the site last week, underscoring the provincial government’s backing for a deposit that is fast becoming a cornerstone of Western efforts to secure critical mineral supply chains.

The market’s enthusiasm follows the release of drilling results from May that returned peak antimony grades of nearly 27%. The mineralised main zone now extends over 600 metres and remains open in all directions, suggesting the resource could grow significantly beyond current estimates. Bald Hill is believed to host around 2.7 million tonnes of rock at grades of 3% to 4% antimony, translating to between 81,000 and 108,000 tonnes of contained metal — enough to position it as a serious source in North America.

Antimony is classed as a critical mineral, essential for military hardware, semiconductors, flame retardants and high-performance batteries. Yet the West is heavily dependent on imports, with China and Russia accounting for roughly 89% of global refining capacity and Beijing alone controlling about 94% of the world’s magnet production. A Chinese export ban on antimony to US military buyers at the end of 2024 drove spot prices as high as US$60,000 per tonne. While prices have since retreated, they remain several times above historical levels.

Should investors sell immediately? Or is it worth buying Antimony Resources?

Against that backdrop, Antimony Resources offers a rare combination of high-grade drill results and politically secure geography. New Brunswick lies within a stable North American jurisdiction, providing a clear advantage over projects in more volatile regions. The company is halfway through a 19,000-metre drill programme that continues to deliver wide intersections and exceptional grades — individual samples have assayed as high as 26.9% antimony.

Despite the rally, the stock is still trading well below its highs. At EUR 0.45 before Monday’s move — and rising to roughly EUR 0.48 on the day — the shares are about 57% off the year’s peak of EUR 1.05 reached in March. The 200-day moving average sits at EUR 0.44, and the relative strength index of 39 points to oversold conditions. Annualised volatility above 135% underlines the speculative nature of the name.

The company’s market capitalisation has climbed to around CA$86 million following the latest gains, up from roughly CA$77 million in prior sessions. One analyst sees massive upside, setting a price target of CA$3.00 per share with a buy recommendation. The key catalyst ahead will be the completion of the current drill programme, which should pave the way for a maiden resource estimate under international standards. If Antimony Resources can make the leap from explorer to producer, it would fill a critical gap in the West’s antimony supply chain.

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