Antimony Resources Corp. (ATMY) (ATMYF) (K8J0) Closes First Tranche of Financing

Company Overview - Antimony Resources Corp. is focused exclusively on the exploration and development of antimony, aiming to become a significant North American producer [5] - The company is developing the Bald Hill Antimony Project located in New Brunswick, Canada [5] Financing Details - The company closed the first tranche of its private placement financing, issuing 21,020,298 Units at a price of CAN$0.45 per Unit, resulting in gross proceeds of CAN$9,459,134.10 [1] - Each Unit consists of one common share and one common share purchase warrant, with the warrants exercisable at CAN$0.75 for 24 months [1] - A total commission of CAN$756,730.73 was paid in cash, along with the issuance of 1,681,623 broker warrants [2] Market Context - Global demand for antimony is at an all-time high, driven by China’s export restrictions, which have intensified market volatility and increased prices [3] - Antimony is essential for military applications, highlighting its strategic importance [3] Project Highlights - The Bald Hill Antimony Project has outlined an antimony deposit over 700 meters long, with mineralization widths averaging 3 to 4 meters and grades ranging from 3% to 4% antimony [11] - The potential quantity and grade of the drilled area is estimated to be in the range of 2,700,000 tonnes, grading 3.0% to 4.0% Sb, which could contain approximately 81,000 to 108,000 tonnes of antimony [11]