Antimony Resources closes first tranche of financing

Executive Summary

• Antimony Resources Corp. closed the first tranche of its financing, issuing 7.36 million common shares at $0.20 per share for gross proceeds of $1,472,000.
• The company reported high-grade antimony assay results from recent drilling at its Bald Hill project, including significant intersections of massive stibnite.
• Past exploration data indicates a known high-grade deposit with potential for expansion, supported by historical NI 43-101 estimates.

Key Details

• Financing Structure:
  • Issued 7.36 million common shares.
  • Price: $0.20 per share.
  • Gross Proceeds: $1,472,000.
  • Net Proceeds Use: Corporate development, marketing, and general working capital.
  • Hold Period: Securities subject to a statutory hold period of four months plus a day.
• Finder’s Fees Paid:
  • Beacon Securities Ltd.: $35,000
  • AlphaNorth Asset Management: $10,500
  • Canaccord Genuity Corp.: $3,150
  • Research Capital Corp.: $7,000
• Recent Drilling Results (Bald Hill Project):
  • BH-25-08: 14.91% Sb over 3.0m (88.8–91.8m), including 28.76% Sb over 1.7m (massive antimony stibnite).
  • BH-25-09: 9.85% Sb over 4.3m (103.6–107.9m), including 18.19% Sb over 1.8m (104.6–106.4m).
  • BH-25-05: 1.1% Sb over 14.5m (108.8–123.3m).
• Historical Exploration & Geology:
  • Bald Hill is a known high-grade antimony deposit in southern New Brunswick.
  • Past drilling has outlined a deposit over 500m long with average widths over 3m and grades averaging 3% to 4% Sb.
  • Historical NI 43-101 report (2010) estimated potential quantity of 725,000 to 1,000,000 tonnes grading 4.11% to 5.32% Sb (approx. 30,000–40,000 tonnes contained antimony).
  • Deposit consists of at least three antimony-bearing breccias and hydrothermal veins trending northwesterly, defined over a 700m strike length to a vertical depth of 300m.
  • A possible extension discovered in 2014 via trenching (450m south of main zone) returned 2.90% Sb over 8.18m, confirmed by drilling.
  • Discovery hole DDH08-03 intersected 4.51m at 11.7% Sb, including 2.29m at 20.9% Sb.
  • Over 5,400m of drill core from 25 past holes is available for examination.
  • Current work is insufficient to confirm historical estimates; the potential quantity and grade remain conceptual.

Notable Quotes

• None provided in the text.