Analyst Sets Ambitious Target for Antimony Resources Shares

GBC AG, a research firm based in Augsburg, has initiated coverage on Antimony Resources Corp. with a buy recommendation, assigning a price target of CAD 3.00. This target implies a significant potential upside from the current trading level of approximately CAD 1.53. The bullish outlook follows a strong performance year-to-date, with the share price having already advanced from around CAD 0.50 to CAD 1.00.

Geopolitical Tailwinds and Strategic Demand

External market dynamics are creating a favorable environment for antimony producers. China, which dominates global supply, has implemented export controls on the metal. This policy shift has dramatically impacted prices, pushing them from about USD 10,000 per tonne in 2020 to intermittent highs near USD 60,000 per tonne. In response, both the United States and the European Union have officially classified antimony as a critical raw material.

The strategic importance of the metal is underscored by its inclusion on the U.S. Defense Logistics Agency’s list of priority materials. Notably, the proposed 2026 U.S. defense budget allocates a substantial USD 12 billion specifically for building strategic mineral reserves. Further demand is emerging from the solar energy sector, where high-transparency photovoltaic glass—used by manufacturers such as First Solar—requires sodium antimonate as a clarifying agent.

Focus on the High-Grade Bald Hill Project

The company’s primary asset is the Bald Hill project located in New Brunswick, Canada. A technical report describes the site as one of the highest-grade antimony deposits in the Western world. The current exploration target is estimated at roughly 2.7 million tonnes of ore, with grades ranging between 3.0% and 4.0% antimony.

Should investors sell immediately? Or is it worth buying Antimony Resources?

An NI 43-101 compliant mineral resource has not yet been established. The ongoing drill program is designed to confirm geological continuity and provide the necessary data for an initial resource estimate. Of a planned 10,000 meters, drilling has already completed 6,500 meters. Core samples from both eastern and western directions have consistently intersected stibnite mineralization, confirming a known strike length of 700 meters.

Analysts at GBC identify the transition from an exploration target to a defined resource as a key potential value catalyst, as this milestone typically signifies a material reduction in geological risk. The remaining drilling is scheduled for completion by the end of April, with final assay results expected three to four weeks thereafter.

Solid Financial Footing for Ongoing Work

Antimony Resources is financially positioned to execute its near-term plans. A financing round concluded in December 2025 provided the company with net proceeds of CAD 8.70 million, which is deemed sufficient to fund the current drill campaign to its conclusion.

GBC derived its CAD 3.00 price target through a peer-group comparative analysis. With the drilling campaign set to finish in April and a maiden resource estimate anticipated in the following weeks, the company has clearly defined near-term catalysts on its horizon.