Space Exploration, Drones, and Critical Raw Materials: Positioned for Success with OHB, Rheinmetall, and Antimony Resources

Antimony Resources: Latest Drilling Data Confirms the Investment Case

As a future raw materials producer, the Canadian company is at the beginning of the value chain. This is increasingly becoming the critical bottleneck. The availability of critical raw materials and the security of supply chains are high priorities in the Western world.

This trend plays particularly into Antimony Resources' hands. The company is aggressively advancing its flagship Bald Hill project in the Canadian province of New Brunswick. Bald Hill is considered the highest-grade antimony deposit in North America. The latest news on exploration results confirms the high-grade mineralization. It suggests an expansion into areas that have been little explored to date, which are currently being targeted as part of the ongoing 18,000 m drilling campaign.

Even though antimony is still relatively unknown, this semimetal is one of the world's most critical and fiercely contested raw materials. China, together with Russia and Tajikistan, controls nearly 90% of global production and processing. Prices have already skyrocketed to historic record highs due to the shortage. For many high-tech and military applications, there is simply no substitute for antimony.

The technical report provides an initial overview of Bald Hill's significance. According to the report, the property contains 2.7 million tonnes of rock with antimony grades ranging from 3% to 4%. All in all, this should yield between 81,000 and 108,000 tonnes of contained antimony. That is a considerable amount.
Recent drilling data confirms the high-grade and extensive system with massive antimony-bearing stibnite ("Sb") deposits. The main zone extends over a length of more than 600 m and a depth of at least 350 m. Highlights from the most recent data include the discovery of antimony mineralization at 36% and 27%, respectively. Also noteworthy are the large mineralized intervals of 13.2 m and 10.3 m, with grades of 2.85% and 5.45%, respectively. Most recently, the "new" zones "Marcus," "Central," and "South" also delivered good results, indicating an extension of the mineralization beyond the main zone.

The stock has corrected significantly since spring following a spectacular rise to over CAD 1. The shares are now trading at just under CAD 0.60, valuing the company at around CAD 58 million. Analysts at GBC are bullish on the stock and have set a price target of CAD 3!

Rheinmetall: Mass Production of Kamikaze Drones Announced

Rising defence spending is shaping the macroeconomic environment, from which the defence contractor stands to benefit in the long term. Its strengthened position in drones and satellites has recently drawn attention. Investors were recently disappointed by the announcement from the heads of state of Germany and France that the two countries' multi-billion-euro joint fighter jet project, FCAS, had been scrapped. Investors now also fear that the joint MGCS tank project could fail as well.

Even if that were to happen, the downside would not be too severe, given the current and rapidly growing order backlog of EUR 73 billion. For the current year, the company has forecast revenue of EUR 14-14.5 billion. The share price has fallen by about a quarter since the beginning of the year. The P/E ratios for 2026 and 2027 of 32 and 22, respectively, are put into perspective given the projected earnings momentum. Analysts have set an average price target of EUR 1,890, signalling upside potential of over 60%.

The company recently announced the mass production of swarm-based kamikaze drones, which is set to begin in the third quarter. With this move, Rheinmetall is consistently advancing toward new growth areas and digitalization. Also exciting is the joint venture with the Bremen-based aerospace group OHB. The goal is to develop a new generation of military reconnaissance satellites. The odds are good that the partners will succeed in a major tender by the German Armed Forces.

OHB: EUR 500 Million Capital Increase Announced

Buoyed by the momentum from the SpaceX IPO and full order books, OHB is taking a big swig from the barrel. The company announced plans to carry out a capital increase totalling EUR 500 million to finance its strong growth. Specifically, the aim is to scale up production and invest in launch vehicles and future programs.

The share price dipped only briefly. Now, shares are once again trading at over EUR 400 each, valuing the company at more than EUR 8 billion. The Fuchs family, by far the largest shareholder with a 65.4% stake, will see its ownership diluted. The private equity firm KKR, which holds just under 29%, announced plans to sell about half of its position. As a result, the free float of the stock will increase significantly, making the shares investable for a broader circle of investors.

All three companies operate in growth sectors. The space industry is currently attracting significant investor interest, benefiting OHB, which aims to raise half a billion euros in new capital. Rheinmetall is placing an increasingly strong emphasis on technological growth areas. Antimony Resources has positioned itself at the heart of the supply chain for critical raw materials with its antimony project. The latest drilling data confirms the high-grade mineralization and the potential for expansion of the deposits. Analysts believe the stock could increase fivefold.