Antimony Resources Corp. (ATMY) (ATMYF) (K8J0) Announces Closing of Order Book for Financing

Planned proceeds would fund Bald Hill exploration and development, while the financing remains subject to necessary approvals.

Rhea-AI Summary

Antimony Resources (ATMYF) has closed the order book for a fully subscribed private placement intended to raise up to $3,000,000. One strategic mining investor subscribed for the offering of up to 10,000,000 units at $0.30 each. Each unit comprises one common share and one-half warrant; each whole warrant permits purchase of one share at $0.50 for two years after completion.

The financing is scheduled to close on or about October 21, 2026, subject to necessary approvals. Closing the order book does not constitute completion of the financing. Net proceeds are intended for exploration and development at the Bald Hill Antimony Project and general working capital. Finder's fees may be payable. The offering uses the Listed Issuer Financing Exemption, with no hold period under applicable Canadian securities laws, and is available to Canadian residents except those in Quebec.

5 points · 0 major

MixediHow this balance works

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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0 major · 5 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointOffering of up to $3,000,000 is fully subscribed by one strategic mining investor. 9.8% of market cap
• Minor point. Forward-looking: it has not happened yet and may not happen.Net proceeds are intended to fund Bald Hill exploration and development.
• Minor pointMain Zone drilling outlines mineralization over 600 meters long and at least 350 meters deep, open in all directions.
• Minor pointMineralized widths average 4 to 5 meters, with grades averaging 3% to 4% antimony.
• Minor pointSoil sampling outlined new zones approximately 3 kilometres south of the Main Zone on the Second Run Claim.

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.Up to 10,000,000 units at $0.30 would add common shares and half-warrants, diluting existing holders.
• Minor point. Forward-looking: it has not happened yet and may not happen.Whole warrants permit additional share purchases at $0.50 for two years after offering completion.
• Minor point. Forward-looking: it has not happened yet and may not happen.Financing completion remains subject to necessary approvals, with closing scheduled on or about October 21, 2026.
• Minor point. Forward-looking: it has not happened yet and may not happen.Finder's fees may be payable under Canadian Securities Exchange policies.
• Minor pointBald Hill's approximately 2.7 million tonnes at 3%–4% antimony exploration target remains conceptual, not a defined mineral resource.

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Vancouver, British Columbia--(Newsfile Corp. - October 16, 2026) - Antimony Resources Corp. (CSE: ATMY) (OTCQB: ATMYF) (FSE: K8J0) (the "Company" or "ATMY") is pleased to announce the Company has closed its order book of the non-brokered private placement financing under the Listed Issuer Financing Exemption (as defined below), whereby the Company intends to raise up to $3,000,000 through an offering of up to 10,000,000 units of the Company (the "Units") to be priced at $0.30 per Unit (the "Offering"). The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.

The Offering has been fully subscribed with one strategic mining investor.

Each Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share of the Company at an exercise price of $0.50 per Common Share for a period of two years following the completion of the Offering.

The Company intends to use the net proceeds of the Offering to fund exploration and development activities on its Bald Hill Antimony Project, as well as for general working capital purposes. Finder's fees may be payable in accordance with the policies of the Canadian Securities Exchange.

The Offering is scheduled to close on or about October 21, 2026, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Offering is being made to purchasers resident in Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.

There is an offering document related to this Offering that can be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at https://antimonyresources.ca/. Prospective investors should read this offering document before making an investment decision.

Bald Hill Antimony Project - A Project with Significant Antimony Potential

Highlights

• Bald Hill is a well-known, high-grade antimony deposit in southern New Brunswick, Canada.
• Assays indicate that Bald Hill is the highest-grade antimony deposit in North America with mineable grades and widths indicated by drilling.
• Drilling has outlined an antimony deposit in the Main Zone over 600 meters long and to a depth of at least 350 meters. The mineralization is open in all directions.
• Widths of mineralization average 4 to 5 meters and grades average 3% to 4% antimony.
• NI-43-101 Technical Report: The estimated potential quantity and grade of the drilled area from the 2025 Technical Report, which is the target of our exploration, is reported in the Technical Reports approximately 2.7 million tonnes with a grade between 3% and 4% antimony¹. For more details on the Potential of the project as described by the author of the Technical Report please consult the NI43-101 which has been filed on SEDAR. Antimony Resources Corp. has not completed enough work to confirm this estimate. The potential quantity and grade are conceptual in nature as there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
• Potential to expand based on recently discovered targets and additional claims added to the property to the west, south and east.
• New Zones outlined by Soil Sampling approximately 3 kilometres south of the Main Zone on the newly acquired Second Run Claim.

(1) NATIONAL INSTRUMENT 43-101 TECHNICAL REPORT: BALD HILL ANTIMONY PROJECT, SOUTHERN NEW BRUNSWICK, CANADA, NTS 21G/09 Prepared for Antimony Resources March 2, 2026. Prepared By John Langton, M.Sc., P. GEO., JPL GeoServices, Fredericton, New Brunswick, Canada.

The technical contents of this news release were reviewed and approved by Jim Atkinson, MSc., P. Geo., President and CEO of Antimony Resources Corp. who is a qualified person as defined by National Instrument 43-101.

About Antimony Resources Corp. (CSE: ATMY) (OTCQB: ATMYF) (FSE: K8J0)

Antimony Resources Corp. is an exploration and development company focused exclusively on Antimony. The Company's management team possesses extensive experience in financing, exploration, development and mining. The Company is focused on becoming a significant North American producer of antimony.

www.antimonyresources.ca

On Behalf of the Board of Directors
Jim Atkinson, CEO and President
For further information please contact:
Anthony Simone, President, Simone Capital Inc.
416-881-5154, asimone@simonecapital.ca

Cautionary Note Regarding Forward-Looking Statements

The information in this news release may include certain information and statements about management's view of future events, expectations, plans and prospects that may constitute forward-looking statements. Forward-looking statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although Antimony Resources Corp. believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, Antimony Resources Corp. disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319422

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the terms of Antimony Resources' ATMYF private placement?

The fully subscribed offering is intended to raise up to $3,000,000 through up to 10,000,000 units at $0.30 each. Each unit includes one common share and one-half warrant. Each whole warrant permits the purchase of one common share at $0.50 for two years following completion.

When is Antimony Resources' financing expected to close?

The financing is scheduled to close on or about October 21, 2026, subject to necessary approvals. The order book has closed, and one strategic mining investor has fully subscribed for the offering; the financing itself has not yet been announced as completed.

Is Antimony Resources' Bald Hill exploration target a defined mineral resource?

No. The approximately 2.7 million tonnes grading between 3% and 4% antimony is a conceptual exploration target. Antimony Resources has not completed enough work to confirm the estimate, and exploration has been insufficient to define a mineral resource. It is uncertain whether further exploration will delineate the target as a mineral resource.