China's late-2024 antimony export restrictions didn't create a supply crisis — they revealed one that already existed. The United States has no domestically mined antimony, and between China, Russia, and Tajikistan, roughly 90% of global supply is locked behind geopolitical risk. That's the setup. Antimony Resources (CSE: ATMY) is drilling the solution.
The company's sole focus is the Bald Hill Antimony Property in New Brunswick, Canada — a high-grade deposit that has been quietly building a drill database since 2008. Forty holes in the ground. Three antimony-bearing breccia and hydrothermal vein zones. Mineralization defined over 700 metres of strike length to 400 metres depth, and open in all directions. This is not a grassroots play.
Antimony isn't a niche commodity. It's embedded in flame retardants, ammunition, night-vision systems, and military communications — the kind of supply chain the U.S. Department of Defense does not want running through Beijing. It's also a key input for molten salt batteries, one of the more compelling next-generation grid storage technologies. Demand is structural, not cyclical.
The 2025 drill program at Bald Hill is delivering the grades that make this story hard to ignore. BH-25-08 returned 14.91% Sb over 3.0 metres, including 28.76% Sb over 1.7 metres. Those are not anomalous spikes — they sit within a deposit that averages 3%–4% Sb across average widths of over 3 metres.
The consistency across the 2025 holes is what matters. BH-25-09 hit 9.85% Sb over 4.3 metres, including 18.19% Sb over 1.8 metres. BH-25-04 returned 4.17% Sb over 7.40 metres, with subintervals grading 28.8%, 21.9%, and 17.9% Sb. BH-25-05 delivered a broader intercept of 1.1% Sb over 14.5 metres — the kind of width that matters when you're thinking about resource geometry.
New Brunswick is not a frontier jurisdiction. Bald Hill sits on provincial and regional highway access, with a deep-sea port 45 kilometres away. Infrastructure de-risking is already baked in — a meaningful advantage for any future development scenario and a real differentiator versus remote critical mineral plays.
The discovery hole from 2008 — DDH08-03, which returned 4.51 metres at 11.7% Sb, including 2.29 metres at 20.9% Sb — established that Bald Hill was real. The 2025 program is establishing that it's bigger and higher-grade than the historical data suggested. Surface trenching has added 2.90% Sb over 8.18 metres, with internal zones hitting 8.47% Sb, confirming near-surface continuity.
The deposit remains open in all directions. That phrase carries weight here: with 700 metres of defined strike and 400 metres of depth already in hand, the upside case for Bald Hill's ultimate scale hasn't been written yet. Every new hole is both a data point and a potential extension.
Antimony Resources is advancing toward a formal resource estimate — the next major value-creation milestone for ATMY. The current drilling campaign is designed to provide the density and confidence needed to support that estimate, and the 2025 intercepts suggest the resource will reflect the high-grade character of what's been drilled to date.
The macro tailwind is accelerating. With China's export restrictions now in effect and Western governments actively prioritizing critical mineral supply chains, the window for early-stage antimony exposure is narrowing. Bald Hill is one of the few advanced, high-grade antimony assets in a stable jurisdiction actively being drilled right now.
ATMY is a small-cap exploration company — which means the market hasn't fully priced in what 40 drill holes and a 2025 program this strong are building toward. Investors who wait for the resource estimate to confirm what the drill results already suggest will be paying a different price.
The investor package has the details. If antimony's supply crisis and Bald Hill's grade profile have your attention, the next step is obvious.