The Prospector News

Antimony Resources Corp. Announces Closing of Financing

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Antimony Resources Corp. Announces Closing of Financing

 

 

 

 

 

Antimony Resources Corp. (CSE: ATMY) (OTCQB: ATMYF) (FSE: K8J0) is pleased to announce that it has closed its previously announced non-brokered private placement financing, issuing 10,000,000 units in its capital at $0.30 per Unit pursuant to the listed issuer financing exemption set out in Part 5A of National Instrument 45-106 – Prospectus Exemptions for aggregate gross proceeds of $3,000,000. Each Unit consists of one common share in the capital of the Company and one-half of one common share purchase warrant, with each Warrant entitling the holder thereof to purchase one common share of the Company at an exercise price of $0.50 per common share on or before October 23, 2028.

 

The securities issued under the Listed Issuer Financing Exemption are not subject to a hold period in accordance with applicable Canadian securities laws. The net proceeds of the private placement will be used to fund exploration and development activities on the Company’s Bald Hill Antimony Project, as well as for general working capital purposes. A cash finder’s fee of $180,000 will be paid by the Company to an arm’s length third party for services provided to the Company as a finder with respect to the private placement.

 

Bald Hill Antimony Project – A Project with Significant Antimony Potential

 

Highlights

  • Bald Hill is a well-known, high-grade antimony deposit in southern New Brunswick, Canada.
  • Assays indicate that Bald Hill is the highest-grade antimony deposit in North America with mineable grades and widths indicated by drilling.
  • Drilling has outlined an antimony deposit in the Main Zone over 600 meters long and to a depth of at least 350 meters. The mineralization is open in all directions.
  • Widths of mineralization average 4 to 5 meters and grades average 3% to 4% antimony.
  • NI-43-101 Technical Report: The estimated potential quantity and grade of the drilled area from the 2025 Technical Report, which is the target of our exploration, is reported in the Technical Reports approximately 2.7 million tonnes with a grade between 3% and 4% antimony1. For more details on the Potential of the project as described by the author of the Technical Report please consult the NI43-101 which has been filed on SEDAR. Antimony Resources Corp. has not completed enough work to confirm this estimate. The potential quantity and grade are conceptual in nature as there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
  • Potential to expand based on recently discovered targets and additional claims added to the property to the west, south and east.
  • New Zones outlined by Soil Sampling approximately 3 kilometres south of the Main Zone on the newly acquired Second Run Claim.

(1) NATIONAL INSTRUMENT 43-101 TECHNICAL REPORT: BALD HILL ANTIMONY PROJECT, SOUTHERN NEW BRUNSWICK, CANADA, NTS 21G/09 Prepared for Antimony Resources March 2, 2026. Prepared By John Langton, M.Sc., P. GEO., JPL GeoServices, Fredericton, New Brunswick, Canada.

 

The technical contents of this news release were reviewed and approved by Jim Atkinson, MSc., P. Geo., President and CEO of Antimony Resources Corp. who is a qualified person as defined by National Instrument 43-101.

 

About Antimony Resources Corp.

 

Antimony Resources Corp. is an exploration and development company focused exclusively on Antimony. The Company’s management team possesses extensive experience in financing, exploration, development and mining. The Company is focused on becoming a significant North American producer of antimony.

 

Posted October 23, 2026

Share this news article

MORE or "UNCATEGORIZED"


Viridian Intersects 15m of 1.1% CuEq in 1.5km Step-Out Drilling at Kraken Main

New assays support higher grades and substantially greater minera... READ MORE

October 23, 2026

Adyton Expands Kabang Gold-Copper Corridor to 2.2 km and Reports Strengthening Copper Mineralization at Depth at Feni Project

Adyton Resources Corporation (TSX-V: ADY) (OTCQB: ADYRF) (FSE: 70... READ MORE

October 23, 2026

Scottie Resources Announces Closing of Second and Final Tranche of Non-Brokered Private Placement

Scottie Resources Corp. (TSX-V: SCOT) (OTCQB: SCTSF) (FSE: SR80)... READ MORE

October 23, 2026

Silver Pony Announces Closing of Up-Sized $1,300,035 Strategic Flow-Through Offering

Silver Pony Resources Corp. (CSE: PONY) (FSE: BJ40) (OTCID: PONIF... READ MORE

October 23, 2026

Copyright 2026 The Prospector News