Welcome to our dedicated page for United States Antimony news (Ticker: UAMY), a resource for investors and traders seeking the latest updates and insights on United States Antimony stock.
United States Antimony Corporation reports news on antimony, zeolite and critical-minerals operations. The company operates antimony and zeolite segments, with activities that include mining, transportation, milling, smelting, product sales, and storage, handling and packaging services.
Recurring UAMY developments include financial and operating results, antimony inventory and pricing commentary, zeolite sales activity, mining work at Stibnite Hill in Montana, processing through the Radersburg Flotation Facility, smelting in Thompson Falls, and updates involving tungsten exploration at the Fostung property in Ontario. News also covers governance changes, webcast schedules, government critical-minerals awards, and the company’s completed listing transfer to the New York Stock Exchange.
United States Antimony Corporation (NYSE AMERICAN:UAMY) received a Warning Letter from NYSE Regulation on February 18, 2021, due to rule violations regarding stock sales. The company sold a total of 26,290,000 shares without prior approval, which constituted approximately 34.4% of its outstanding stock. This included a sale of 15,300,000 shares at $0.70 per share and another of 10,990,000 shares at $1.30 per share. Trading has been halted since February 17, 2021, but is expected to resume after the press release is filed and a Current Report is submitted.
United States Antimony Corporation (NYSE:UAMY) announced the closing of a registered direct offering with institutional investors, raising approximately $14.3 million in gross proceeds. After fees, the net proceeds total $13.3 million. The company plans to allocate these funds for general corporate purposes, including infrastructure improvements at its operations in Mexico and Montana, a geochemical program at its Los Juarez property, and to retire some debt. The offering was facilitated by Roth Capital Partners.
United States Antimony Corporation (NYSE AMERICAN:UAMY) has announced a registered direct offering of 10,990,000 shares of common stock at $1.30 per share, projected to generate approximately $14.3 million in gross proceeds before fees. Roth Capital Partners serves as the sole placement agent for this offering, expected to close around February 16, 2021, pending customary conditions. The offering relies on a previously effective shelf registration statement, and details will be available via a prospectus supplement filed with the SEC.
US Antimony Corp. has released drill results from its Phase I exploration at the Los Juarez project in Queretaro, Mexico. The 1100-meter drill program, involving 25 holes, showed significant gold intercepts, particularly in the Puerta de Oro region and nearby Minas Grande area. Correlations between silver, gold, and antimony values were noted. The results indicate high geochemical anomalies that warrant further geological study. The company plans to allocate budget for additional geological mapping and geophysical studies prior to more drilling.
United States Antimony Corporation (UAMY) will host an investor call on November 16, 2020, at 4:15 PM EDT to discuss the third quarter 2020 10Q report. Investors can join the call using the provided confirmation code 9265728. Toll-free dial-in options are available for both domestic and international participants. A remote replay of the call will also be accessible for seven days. The company encourages participation but notes that the call will include forward-looking statements subject to various uncertainties.
United States Antimony Corporation (UAMY) will hold an investor call at 4:15 PM EDT on August 19, 2020, to discuss its second quarter 2020 financial results as detailed in the 10Q report. Interested participants can join the call using the toll-free number 1-800-367-2403 or international line 1-334-777-6978, with a confirmation code of 2738688. A remote replay will be available for seven days for those unable to attend. The company cautions that forward-looking statements made during the call are based on current expectations and involve risks and uncertainties that may affect actual results.