Why the West Still Doesn’t Have an Antimony Plan | Jim Atkinson
The Deep Dive Jun 22, 2026
Summary
Antimony’s strategic case keeps strengthening even as headlines fade; the real bottleneck is finding smelters outside China to process concentrate.
New Brunswick’s 60-day permit review target and a ministerial site visit signal unusually strong provincial support for advancing Bald Hill.
Trenching and drilling keep exposing new high-grade stibnite zones at Bald Hill, including South Zone rock samples averaging 19.5% antimony.
Management targets a maiden resource in late summer or early fall once the current drill program and remaining assays are complete.
A compact underground mine could need only about million, with run-of-mine shipping or nearby New Brunswick mills shortening the development path.
Steve Hyland's takeaways
- Top takeaway The host, a self-described shareholder of Antimony Resources, praises the CEO's execution since he first invested and says he hopes to visit the site and share it with his audience.
- He frames the interview around why antimony chatter has faded from headlines while arguing behind-the-scenes interest remains, and presses the CEO on assay results, the maiden resource timing, and the development timeline.
James Atkinson's takeaways
- Top takeaway The CEO argues antimony's strategic-metal case is strengthening even as headlines fade, and says the market's biggest open question is processing capacity, since about 75% of world antimony processing sits in China while new smelters (Trafigura-backed in Australia, US Antimony in Montana) are now seeking concentrate.
- He presents Bald Hill as a growing district rather than a single zone, citing the South Zone's 19.5% average antimony across 38 rock samples (up to 44%) and visible stibnite at depth in five Center Zone holes, and suggests each new zone could eventually need around 20,000 meters of definition drilling.
- He is targeting a maiden resource in late summer or early fall (as of June 2026), contingent on drilling wrapping up in late July or early August and roughly four weeks of assay turnaround, with SRK pre-building QA and operating procedures in the meantime.
- On valuation, he remains frustrated: he accepts the share price run but says comparables with $400-500 million market caps lack what Antimony Resources has, so the stock still is not getting the value it should.