High Grades and High Stakes: Antimony Resources Navigates Lock-Up Expiry and Falling Antimony Prices
Published on 06/16/2026 at 18:34 | Redaktion boerse-global.de
Antimony Resources finds itself at a critical juncture as June draws to a close. The junior explorer is juggling two major events: the release of a formal resource estimate for its Bald Hill project and the expiry of a lock-up agreement covering 21 million shares from a December financing. Meanwhile, the company has just reported some of the highest-grade antimony intercepts seen in the project’s history — yet the stock remains under pressure from a sliding antimony market.
Drilling at the Bald Hill property in New Brunswick continues to deliver eye-catching numbers. Hole BHW-26-04 returned a spectacular 36.0% antimony over an unspecified interval, while hole BH-26-15 followed with 27.0%. Mineralised sections reach up to 13.2 metres in thickness and extend to depths of around 240 metres. The main zone has now been traced over a strike length of 600 metres and to depths of at least 350 metres, with typical grades ranging between 3% and 4% antimony — meaning the new bonanza-grade intercepts are several times above the average.
A conceptual target outlined in a 2025 technical report estimated roughly 2.7 million tonnes at that grade range, and the current exploration campaign aims to expand the resource in all directions. The company plans to drill over 18,000 metres during the second and third quarters of 2026, testing extensions north, south and at depth, as well as newly identified zones such as the Central Zone. Trenching in the so-called South Zone has also yielded strong results, with samples averaging 19.5% antimony and peaking above 44%.
Despite these operational successes, the share price has taken a hit. On the day the Bald Hill assay results were released, the stock fell nearly 6% to €0.46 in European trading — a far cry from its 52-week high of €1.05 reached in March. On a year-to-date basis, however, the stock has still surged more than sixfold from a low of €0.06 in June 2025. In Canada, where the shares also trade, the recent close was C$0.76, representing a daily gain of almost 9% but still well below the March record of C$1.65. Over the past month, the Canadian-listed stock has lost roughly 30%.
Should investors sell immediately? Or is it worth buying Antimony Resources?
The weakness reflects broader headwinds in the antimony market. After peaking in the summer of 2025, antimony prices have fallen 36% and now hover around US$35 per kilogram. New supply and substitute materials have weighed on quotations. Even so, the long-term outlook is supported by a structural deficit. China’s export ban on antimony, enacted in 2024, continues to crimp global availability, while defence-related demand remains robust. CEO Jim Atkinson noted that there is currently no primary antimony producer in North America, underscoring the strategic importance of advancing Bald Hill.
Those macro pressures are now colliding with a company-specific overhang. The lock-up agreement on 21 million shares from a December private placement expires at the end of June. Investors in that round paid C$0.45 per unit, with each unit including a warrant exercisable at C$0.75. The current share price of C$0.76 sits just above the exercise price, giving early backers a sizeable paper profit. Markets will be watching closely to see whether those investors cash out or hold on.
Offsetting the potential selling pressure is the imminent release of an independent resource estimate from SRK Consulting, also due by the end of June. A strong SRK report could absorb much of the stock overhang by validating the project’s scale. Management is simultaneously advancing permitting, with a formal mine construction application targeted for late 2026 or early 2027.
Antimony Resources at a turning point? This analysis reveals what investors need to know now.
The next two weeks bring a rare convergence of catalysts. The SRK resource update and the lock-up expiry land almost simultaneously, creating a binary risk-reward scenario. If the resource estimate confirms commercial-grade tonnage, it could provide a floor under the stock — even as a deluge of free-trading shares tests near-term liquidity. For now, all eyes are on June 30.
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