Antimony Resources arranges $10.01-million financing

Executive Summary

• Antimony Resources Corp. has arranged a private placement financing of up to 22.25 million units at a price of 45 cents per unit, raising gross proceeds of up to $10,012,500.
• Each unit consists of one common share and one common share purchase warrant, with the warrants exercisable at 75 cents per share for a period of 24 months.
• Net proceeds will be utilized for exploration and development activities, specifically targeting the Bald Hill antimony project, as well as general working capital.

Key Details

• Financing Structure: Private placement of up to 22,250,000 units.
• Price: 45 cents CAD per unit.
• Gross Proceeds: Up to $10,012,500 CAD.
• Unit Composition: Each unit comprises one common share and one common share purchase warrant.
• Warrant Terms:
  • Exercise Price: 75 cents CAD per share.
  • Duration: 24 months from issuance.
• Use of Proceeds: Exploration and development activities and general working capital.
• Placement Agents: Dominari Securities LLC and Revere Securities LLC (joint placement agents).
• Agent Compensation: 8% in cash and 8% in broker warrants (warrants have identical terms to those issued to investors).
• Project Update (Bald Hill Antimony Project):
  • Location: Southern New Brunswick, Canada. 2025 NI 43-101 Technical Report highlights:
  • Drilled area target: ~2.7 million tonnes grading 3.0% to 4.0% antimony (Sb).
  • Contained Antimony: Approximately 81,000 to 108,000 tonnes.
  • Mineralization Widths: Average 3 to 4 meters.
  • Average Grades: 3% to 4% antimony.
  • Deposit Extent: Antimony deposit outlined over 700 meters long within a longer zone of breccia.
  • Infrastructure: Excellent access including roads, power, and a deep-sea port 45 km away.

Notable Quotes

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