Antimony Resources Corp. Closes Private Placement Financing, Raising $575,000 for Exploration Activities

Strategic Insights -

Antimony Resources Corp. (CSE: ATMY) (FSE: K8J0) has announced the closure of a private placement financing with a strategic resource investor, receiving gross proceeds of $575,000. The company will utilize the net proceeds for exploration activities and general working capital. This development comes as the company continues to validate its thesis on having one of the highest-grade antimony deposits in North America, capitalizing on the surging global demand and restricted supply of antimony.

Key Takeaways:

  • Antimony Resources Corp. has closed a private placement financing with a strategic resource investor, securing $575,000 in gross proceeds.
  • The net proceeds will be used for exploration activities and general working capital.
  • The company has issued 5,750,000 Common Shares at a price of C$0.10 per Common Share, with a 4-month hold on the Shares.
  • A director of the Company also participated in the financing.
  • The company plans to utilize the financing to become a significant supplier of antimony in North America.
  • The current drilling at the Bald Hill Antimony Project has yielded high-grade assays, including 4.17% Sb over 7.40 meters and 2.76% Antimony (Sb) over 2.8 meters.
  • The property is located in southern New Brunswick, approximately equal distance from Sussex, Fredericton, and St John, with good access and year-round drilling capabilities.

Statistics:

  • $575,000 in gross proceeds received from the private placement financing.
  • 5,750,000 Common Shares issued at a price of C$0.10 per Common Share.
  • 4-month hold on the Shares issued.
  • 25 drillholes completed on the property, totaling over 5400 meters.
  • Define mineralization over a 700-meter strike length and vertical depth of 300 meters.
  • High-grade antimony encountered in previous drilling, including 4.51m at a grade of 11.7% Antimony (Sb) in Hole DDH08-03.

Sources:

  • Newsfile Corp. - July 24, 2025
  • Antimony Resources Corp. - 2025
  • National Instrument 43-101 Technical Report - MAY 2010