Business
Antimony Resources Corp. Secures CAN$10 Million Financing for Growth
Antimony Resources Corp. has announced a private placement financing that aims to raise up to CAN$10,012,500. The offering will consist of up to 22,250,000 Units priced at CAN$0.45 per unit, facilitating exploration and development efforts for the company.
Each unit in the offering comprises one common share and one common share purchase warrant. The associated warrant will allow holders to purchase an additional common share at an exercise price of CAN$0.75 for a period of 24 months following its issuance. The net proceeds from this financing will primarily support exploration initiatives and general working capital needs.
Placement Agents and Financial Strategy
Antimony Resources has engaged Dominari Securities LLC and Revere Securities LLC as joint placement agents for the financing. The company will compensate the placement agents with an 8% cash fee as well as 8% in broker warrants, which will share the same terms as those issued to investors.
Dominari Securities, based in New York, focuses on identifying emerging financial trends to create wealth for stakeholders. Established in 1983, Revere Securities has cultivated a reputation for reliable financial guidance and execution, serving various clients including corporations and high-net-worth individuals.
Overview of Antimony Resources Corp.
Antimony Resources Corp. is dedicated to the exploration and development of antimony, aiming to establish itself as a significant producer in North America. The company’s flagship project, the Bald Hill Antimony Project, is located in New Brunswick, Canada.
The Bald Hill site is recognized for its high-grade antimony deposit, supported by excellent infrastructure such as roads, power access, and proximity to a deep-sea port. Past and ongoing drilling has revealed an antimony deposit extending over 700 meters long, with mineralization widths averaging between 3 to 4 meters and grades ranging from 3% to 4% antimony.
According to a 2025 NI 43-101 Technical Report, the targeted drilled area is estimated to contain between 2,700,000 tonnes of material, grading between 3.0% to 4.0% Sb, potentially yielding approximately 81,000 to 108,000 tonnes of contained antimony. There remains a significant opportunity for expansion based on additional known targets.
This report was prepared by John Langton, M.Sc., P. GEO. of JPL GeoServices, and has been reviewed by Jim Atkinson, MSc., P. Geo., who is recognized as a qualified person under National Instrument 43-101.
For further details, stakeholders can reach out to Anthony Simone, President of Simone Capital Inc., at 416-881-5154 or via email at [email protected].
Antimony Resources Corp. continues to position itself for substantial growth in the antimony market, leveraging both its strategic projects and financial partnerships.
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