Antimony Resources Corp. (ATMY) (ATMYF) (K8J0) Issues Year-End update for Bald Hill Antimony Project, New Brunswick, Canada
Executive Summary
- Antimony Resources Corp. provided a year‑end update on the Bald Hill Antimony Project, highlighting 3,100 m of drilling completed in Q2 2025 and a NI‑43‑101 technical report indicating a conceptual resource of ~2.7 Mt grading 3–4% Sb (≈81–108 kt contained antimony).
- The company closed a $9.4 million financing in December 2025 and issued 6,716,000 stock options at $0.50 plus 13,347,000 RSUs to insiders.
- Plans for 2026 include an additional 10,000 m of fully funded drilling, updated 3‑D modeling, metallurgical testing, regulatory roadmap development, and pursuit of a maiden resource estimate and preliminary environmental assessment.
Key Details
- Drilling Activity 2025:
- First phase (April–July) – 3,100 m completed; ORIX commissioned for 3‑D model.
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Second phase (Sept–Dec) – 5,000 m completed; assay results pending.
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Technical Report (NI‑43‑101, Oct 28 2025):
- Conceptual resource: ~2,700,000 t at 3.0%–4.0% Sb → 81,000–108,000 t contained antimony.
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Disclaimer: work insufficient for a formal resource estimate; economic viability unconfirmed.
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Trenching:
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Bald Hill South Zone trenching exposed antimony‑bearing stibnite over ~150 m length.
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Land Expansion:
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Property footprint more than doubled with additional claims to the south, west, and east.
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Financing:
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Closed $9.4 M financing in Dec 2025 (details of structure not disclosed).
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Equity Incentives:
- Issued 6,716,000 stock options exercisable at $0.50.
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Granted 13,347,000 Restricted Share Units to directors, officers and consultants.
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2026 Planned Activities:
- Resume drilling with three rigs; target 10,000 m (fully funded).
- Update 3‑D model and release preliminary metallurgical results.
- Conduct stakeholder consultations (provincial & federal governments).
- Ongoing assay reporting, trenching, soil sampling on expanded property.
- Complete technical gap analysis (SRK) covering drill spacing, mining methods, geotech, water management, waste.
- Aim for maiden resource estimate, Preliminary Environmental Assessment submission and permit application, and overall de‑risking toward a PEA‑level understanding.
Notable Quotes
“As we deliver continuous high‑grade drill results, expand the resource estimate, and demonstrate robust metallurgy, the market will increasingly recognize what we're building—a scalable, antimony asset in a tier‑one jurisdiction.” – Jim Atkinson, CEO & President
All boilerplate, forward‑looking disclaimer language, and “About the Company” sections have been omitted for brevity.