New Age Metals options the Antimony Ridge Property in Newfoundland
Historical exploration on the property focused on gold, not antimony and none of the showings have ever been drilled
China is responsible for approximately 70 per cent of global antimony production and refining, the export ban has triggered a global supply shock for this critical metal
New Age Metals stock (TSXV:NAM) last traded at $0.26
New Age Metals (TSXV:NAM) made investors aware of an option agreement the company signed with local prospector Ross Collier, granting the company the exclusive right to acquire up to a 100 per cent interest in the Antimony Ridge Property. The agreement marks a significant expansion of New Age Metals' footprint in the St. Alban's region of south-central Newfoundland.
The Antimony Ridge Property, comprising 20 mineral claims over 5 square km under license 035215M, is located approximately 120 km south-southwest of Gander and just six kilometers north of the community of Milltown. Strategically, it lies immediately adjacent to New Age Metals' wholly owned Citadel Property, enhancing the company's regional exploration potential. (The Antimony Ridge Property. Source: New Age Metals Inc.)
'Historical exploration focused on gold, not antimony and none of the showings have ever been drilled,' New Age Metals' chair and CEO, Harry Barr explained in a news release. It was only a month ago the company was granted grassroots-level exploration on its recently staked gold-antimony (Au-Sb) properties. Property highlights
The Antimony Ridge Property is distinguished by its high-grade antimony and gold mineralization, including: 10 per cent semi-massive stibnite in historical quartz vein samples at the Antimony Ridge Showing, coinciding with a strong antimony soil geochemical anomaly and a 1,100-meter-long float train of angular stibnite-quartz boulders Up to 37.8 per cent Sb in recent outcrop samples collected by Ross Collier Up to 63.5 per cent Sb in float samples from the southern portion of the property Gold values up to 16.5 g/t Au in historical samples from the Golden Grit Showing Over 100 gold grains in some till samples, indicating strong gold dispersion across the property
Geologically, the property lies within the Dunnage Tectonic Zone and is underlain by Ordovician schistose sedimentary rocks of the St. Joseph's Cove Formation, featuring quartz veins, veinlets, and stockworks. A notable acquisition in the face of global market shifts
The timing of this acquisition is particularly significant. On June 17, 2025, Reuters reported that China had imposed severe restrictions on antimony exports, including a complete ban on shipments to the United States. This move has sent antimony prices soaring to over US$60,000 per metric tonne, more than quadrupling in the past year. With China responsible for approximately 70 per cent of global antimony production and refining, the export ban has triggered a global supply shock for this critical metal.
Simultaneously, gold prices have surged to as high as US$3,500 per ounce, driven by geopolitical uncertainty, inflation concerns, and robust central bank buying. In Q1 2025 alone, central banks added 244 tonnes to their reserves, with retail and institutional investors also increasing their gold holdings. Gold ETF inflows surged by over 1,100 per cent quarter-over-quarter, reflecting renewed investor appetite for safe-haven assets. Economic implications
The company noted that the convergence of these market dynamics is a clear sign of the importance of antimony and gold-antimony properties like Antimony Ridge. As nations and industries scramble to secure critical mineral supplies, New Age Metals' acquisition positions the company at the forefront of a rapidly evolving resource landscape.
As global demand for critical minerals intensifies, properties like Antimony Ridge could play a pivotal role in securing North American supply chains and supporting the transition to a more resilient and diversified resource economy.
New Age Metals Inc. is a junior mineral exploration and development company focused on the discovery, exploration and development of green metal projects in North America.
New Age Metals stock (TSXV:NAM) last traded at $0.26. It has risen 246.67 per cent since the year began and is up 62.50 per cent since this time last year.
Join the discussion: Find out what everybody's saying about this stock on the New Age Metals Inc. Bullboard, and check out the rest of Stockhouse's stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
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