# Antimony Resources Raises CAD 5 Million to Fund Bald Hill Exploration

- URL: https://stocks.freetheai.org/news/antimony-resources-raises-cad-5-million-to-fund-bald-hill-exploration-f3d93e
- Published: 2026-10-16T07:00:05Z
- Category: company_news; sentiment: bullish; impact: medium
- Symbols: [CSE:ATMY](https://stocks.freetheai.org/symbols/CSE-ATMY)
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Antimony Resources Corp. (CSE:ATMY) has completed a flow-through equity financing, raising CAD 5.0 million by issuing shares at CAD 0.47 each. After paying brokerage costs, the company expects net proceeds of approximately CAD 4.75 million. The offer price represented a premium of roughly 14.6% above the stock's previous closing price. In connection with the transaction, 521,277 broker warrants were issued with an exercise price of CAD 0.75 per share.

The fresh funds will support exploration activities at the company's Bald Hill project without adding debt to its balance sheet. Recent drilling at Bald Hill returned high-grade antimony results, including 4.36% antimony over 13.0 meters, alongside preliminary XRF readings showing gold hits of up to 285 g/t. Securing capital at a premium helps extend the company's operational runway while minimizing equity dilution for existing shareholders.

Investors will be watching for further high-grade drill intercepts and the eventual release of a maiden mineral resource estimate for Bald Hill, which could serve as key milestones for the early-stage mining explorer.

## Key points

- Antimony Resources Corp. raised CAD 5.0 million through a flow-through share offering at CAD 0.47 per share.
- Net proceeds of about CAD 4.75 million will directly fund exploration work at the Bald Hill project.
- The placement price represented a 14.6% premium over the stock's previous close.
- Recent Bald Hill drill results showed high-grade antimony of 4.36% over 13.0 meters and preliminary gold readings of 285 g/t.
- The company issued 521,277 broker warrants exercisable at CAD 0.75 per share.

## Questions and answers

### How much money did Antimony Resources Corp. raise?

Antimony Resources Corp. raised CAD 5.0 million in flow-through financing, securing approximately CAD 4.75 million in net proceeds after accounting for brokerage fees.

### How will Antimony Resources use the new funds?

The company plans to use the net proceeds to fund ongoing exploration and drilling activities at its Bald Hill project.

### What were the terms of the Antimony Resources financing?

Shares were issued at CAD 0.47 each, representing a 14.6% premium over the prior closing price. The company also issued 521,277 broker warrants with an exercise price of CAD 0.75 per share.