GBC AG Initiates Coverage of Antimony Resources Corp. – Strategic Metal Antimony and Bald Hill Project Offer Significant Upside Potential

Augsburg, 01.04.2026 – The Augsburg-based research firm GBC AG, specializing in the analysis of listed small- and mid-cap companies, has initiated coverage of Antimony Resources Corp. (ISIN: CA0369271014). This follows the publication of an initial coverage report on March 30, 2026. Antimony Resources is an exploration and development company focused on antimony projects in North America, aiming to establish itself as a significant producer of this strategically important raw material.

Antimony is gaining increasing geopolitical and industrial importance. Classified as a “critical mineral” in the United States and a “strategic raw material” in the European Union, it plays a key role in security-relevant applications, including flame retardants, batteries, specialty alloys, as well as high-tech and defense applications. At the same time, global production is highly concentrated, particularly in China, Russia, and Tajikistan, creating strong import dependencies for Western industries.

The company’s core asset is the Bald Hill antimony project in New Brunswick, Canada. According to an NI 43-101 technical report, the project shows substantial exploration potential, with an estimated range of 69.99 kt to 92.78 kt of antimony (at 3.0% Sb), or 93.33 kt to 123.71 kt (at 4.0% Sb). Previous drilling results confirm significant mineralization with attractive grades, while additional target zones offer further upside potential.

The project is currently in the exploration stage. An ongoing, fully funded drilling program of approximately 10,000 meters is expected to form the basis for an initial NI 43-101-compliant resource estimate. According to GBC, this transition represents a key value driver, as it can significantly reduce geological risk.

“Antimony Resources is targeting a strategically highly relevant raw material market characterized by structural supply shortages and increasing demand. Combined with the promising Bald Hill project, we see an attractive foundation for dynamic corporate development in the coming years.”
– Cosmin Filker, Analyst at GBC AG

As part of its valuation, GBC derives a fair value of CAD 3.00 per share (EUR 1.90) based on a peer group analysis. Compared to the current share price level, this implies significant upside potential, which is why coverage has been initiated with a BUY rating.

The full research report is available at the following link:
https://t1p.de/2c149

About Antimony Resources Corp.
Antimony Resources Corp. is an exploration and development company focused on antimony projects in North America. The company aims to become a major producer of this strategically important specialty raw material and benefits from increasing global demand as well as geopolitical developments in the resource sector.

Risk Notice:
This communication does not constitute financial analysis within the meaning of Section 34b WpHG, nor does it represent investment advice or a recommendation. Investments in equities are generally associated with risks, including the possible total loss of invested capital.

Notice of Potential Conflicts of Interest pursuant to Section 85 WpHG and Article 20 MAR:
GBC AG and the responsible analyst note that potential conflicts of interest may exist at the time of publication. Details can be found in the full research report and at: www.gbc-ag.de/de/Offenlegung

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