Antimony Resources closes first tranche of financing

Executive Summary

• Antimony Resources Corp. closed the first tranche of its private placement, issuing 21,020,298 units at $0.45 per unit for gross proceeds of $9,459,134.10.
• Each unit includes a common share and a warrant exercisable at $0.75/share for 24 months, with all units restricted from trading until June 29, 2026.
• Net proceeds will fund exploration, development, and general working capital, with a strategic focus on advancing the high-grade Bald Hill antimony project in New Brunswick.

Key Details

• Gross Proceeds: $9,459,134.10
• Units Issued: 21,020,298 units at $0.45 per unit
• Warrant Terms: 1 warrant per unit; exercisable at $0.75/share; 24-month term from issuance
• Trading Restrictions: Units restricted from trading until June 29, 2026, plus standard statutory and Canadian Securities Exchange four-month hold periods
• Use of Proceeds: Exploration and development activities and general working capital
• Placement Agents: Dominari Securities LLC and Revere Securities LLC (joint placement agents)
• Broker Compensation: $756,730.73 in cash plus 1,681,623 broker warrants (exercisable at $0.75/share, 24-month term, restricted from trading until June 29, 2026)
• Bald Hill Project Location & Infrastructure: Southern New Brunswick, Canada; excellent infrastructure including roads, power, and a deep-sea port 45 km away
• Mineralization Metrics: Widths average 3-4 meters; average grades range between 3% and 4% antimony
• NI 43-101 Technical Report (Oct 2025): Outlines a conceptual potential of ~2.7 million tonnes grading 3.0-4.0% Sb (approximately 81,000 to 108,000 tonnes contained antimony); explicitly noted that sufficient work has not been completed to determine a formal resource and economic viability is unknown
• Strategic Context: CEO highlights all-time high global demand driven by China export restrictions, military essentiality of antimony, and the company's goal to become a major North American supplier

Notable Quotes

• Jim Atkinson, CEO & President: "We are pleased to have new investors from the United States join our share registry and thank our existing shareholders for their continued support. Global demand for antimony is at all-time highs with China export restrictions. These China restrictions have intensified market volatility driving prices to all-time highs. Antimony is essential for the military. Our goal is to develop our Bald Hill antimony deposit and become a major supplier of antimony for North America."