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Antimony Resources Corp. (ATMY) (ATMYF) (K8J0) Issues Year-End update for Bald Hill Antimony Project, New Brunswick, Canada
TMX Newsfile· 2026-01-06 21:56
Core Insights - Antimony Resources Corp. (ATMY) has provided a year-end update on the Bald Hill Antimony Project, highlighting significant progress in exploration and development activities in 2025 [1] Group 1: Project Development - The Bald Hill Property was optioned in January 2025, with the first phase of drilling commencing in April and completing 3,100 meters by the end of July [2] - A NI-43-101 Technical Report indicated a potential quantity of 2,700,000 tonnes grading 3.0% to 4.0% Sb, equating to approximately 81,000 to 108,000 tonnes of contained antimony [2][12] - A second phase of drilling began in September 2025, adding an additional 5,000 meters, with assay results pending [2] Group 2: Financial and Operational Highlights - The company closed a financing round of $9.4 million in December 2025, ensuring full funding for ongoing project advancement [2] - The Bald Hill Property footprint was expanded significantly with new claims added to the south, west, and east [2] Group 3: Future Plans and Expectations - Drilling is set to resume with a fully funded budget for an additional 10,000 meters, alongside updated 3D modeling and preliminary metallurgical results [5] - The company aims to advance the Bald Hill Project through de-risking activities and is preparing for a Preliminary Economic Assessment (PEA) [6] - Continuous fieldwork, including soil sampling and trenching, is planned to further investigate the expanded property [5]