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 (UAMY) generates news around its activities in antimony, zeolite, and other critical minerals, as well as its role in North American supply chains. The company regularly issues updates on mining and processing operations in Montana, Mexico, and Idaho, highlighting developments in antimony oxide, antimony metal, antimony trisulfide, precious metals recovery, and zeolite production at its Bear River Zeolite (BRZ) facility.
Investors following UAMY news can expect coverage of operational milestones such as antimony mining activities at Stibnite Hill in Montana, including bulk sampling programs and ore shipments to contract flotation mills. The company also reports on its efforts to acquire and develop mining claims and leases in Montana, Alaska, and Ontario, Canada as it seeks to expand its antimony resource base and reduce reliance on third-party ore purchases.
Another key news theme is United States Antimony’s participation in critical mineral supply chains for defense and industrial customers. The company has announced a five-year, sole-source IDIQ contract with the U.S. Defense Logistics Agency for antimony products meeting military specifications, and a five-year supply agreement with a U.S. industrial fabric manufacturer for antimony trioxide used in flame-retardant materials. These items, along with conference call announcements and financial result releases, appear in its regular press communications.
Corporate governance and capital markets developments also feature in UAMY news, including the appointment of independent directors, formation of board committees, and registered offerings of common stock under shelf registration statements and sales agreements. For ongoing insight into United States Antimony’s operations, contracts, and strategic initiatives in antimony, zeolite, and precious metals, readers can use this news feed as a centralized source of the company’s public disclosures.
United States Antimony (NYSE:UAMY) has entered into an exclusive option agreement to acquire 100% ownership of 120 state mining claims in Alaska, covering approximately 17,900 acres with significant Stibnite antimony mineral potential. The agreement includes staged payments of $3 million and exploration commitments of $2.25 million over a five-and-a-half-year period, along with a Net Smelter Royalty.
The claims have shown promising results from historic exploration programs, particularly through soil sampling that revealed areas with high antimony values near the surface. The location offers excellent road access, and USAC plans to immediately begin preparing a field program to assess the resource potential, focusing on accessible, near-surface antimony deposits while maintaining environmental compliance.
United States Antimony (NYSE:UAMY) has announced its participation in the 2025 Mining Conference: Mining & Supplying Critical Minerals & Precious Metals, hosted by Maxim Group on January 16th, 2025. Jonathan Miller, Vice President of Investor Relations, will engage in a 25-minute fireside Q&A session at 11:30 am EST, discussing USAC's strategic initiatives for domestic antimony supply chains and providing updates on antimony and zeolite operations.
The conference will feature virtual discussions focusing on future trends in mining and supplying critical minerals and precious metals. According to Maxim Group's Senior Research Analyst Tate Sullivan, the upcoming U.S. presidential inauguration may influence how mining companies supply critical minerals to various countries, including China and the U.S. The event will be accessible via live webcast on M-Vest, with a replay available on the Company's website.
United States Antimony (NYSE American:UAMY) has secured a second international antimony supply contract from Thailand, comprising 50 wet metric tons (two full containers) expected to arrive at Mexico's Manzanillo port in March 2025 for processing at the Company's Madero Smelter.
Additionally, UAMY filed a new $100 million universal shelf registration statement on Form S-3 with the SEC, replacing its existing $25 million shelf registration expiring in January 2025. This filing aims to provide flexibility for future capital market access, though no immediate plans for securities issuance exist.
This development, combined with the previously announced Australian antimony supply agreement on December 20, 2024, positions UAMY for what management expects to be an exceptional fiscal 2025.
United States Antimony (NYSE:UAMY) has secured a new international contract for antimony shipments from Australia and plans to restart its Madero, Mexico smelter. The facility, which was shut down in March 2024 due to lack of economic antimony material, will undergo capital improvements estimated at less than $1 Million, including refractory relining of rotary furnaces and maintenance work.
The Madero smelter has an engineered capacity of 200 tons per month. Initial shipments are expected to arrive at Mexico's Manzanillo port in March 2025 after a 75-day ocean voyage. The company anticipates potential increases in antimony ore quantities up to 300 tons per month as they optimize processing operations for the new material.
United States Antimony (NYSE AMERICAN:UAMY) announced the relocation of its corporate headquarters from Thompson Falls, Montana, to Dallas, Texas, with no associated transition costs. The company also revealed key management changes effective December 9, 2024: Gary C. Evans has assumed the Chief Executive role while continuing as Chairman, and Joe Bardswich becomes Executive Vice President and Chief Mining Engineer, while remaining a board member and President of new mining subsidiaries.
The restructuring aims to better align roles and responsibilities, with Evans focusing on corporate leadership and Bardswich concentrating on mining operations and production. The company emphasizes its transformation over the past year and plans to expedite mining prospect development from the typical 25-year timeline to less than one year, focusing on previously discovered ore deposits on private and State/Provincial properties.
United States Antimony (NYSE AMERICAN:UAMY) has announced its participation in The Benchmark Company's 13th Annual Discovery One-on-One Investor Conference. The event is scheduled for December 11, 2024, at the New York Athletic Club in New York City. During the conference, USAC management will engage in one-on-one meetings with investors and analysts, providing an opportunity for direct interaction with institutional and individual investors.
Perpetua Resources (Nasdaq: PPTA) has announced a collaboration with U.S. Antimony (NYSE: UAMY) to conduct metallurgical testing of antimony concentrate samples from the Stibnite Gold Project. The project contains an antimony reserve of 148 million pounds, representing the only U.S. domestic reserve and one of the largest reserves outside Chinese influence.
The Stibnite Gold Project is projected to supply approximately 35% of total U.S. antimony demand during its first six years of operations, according to the 2023 USGS antimony commodity summary. USAC's Montana-based facility has potential capabilities to process certain quantities of antimony concentrate from the project, supporting efforts to establish a fully domestic antimony supply chain.
United States Antimony (NYSE: UAMY) has signed a Metallurgical Testing Agreement with Perpetua Resources to evaluate antimony-rich material from Perpetua's Stibnite Gold Project in Idaho. The agreement involves testing antimony ore samples at USAC's Montana facility to assess potential commercial production specifications.
The announcement comes amid record-high antimony prices, which have increased 230% since the beginning of the year to over $39,000 per metric ton in Rotterdam. This surge is attributed to depleting domestic resources in China and recent Chinese export restrictions to the United States. The collaboration aims to advance domestic antimony supply chain capabilities, addressing needs in defense, solar panels, semiconductors, fire retardants, and roofing materials industries.
United States Antimony (NYSE American:UAMY) announces its participation in NobleCon20, Noble Capital Markets' Twentieth Annual Emerging Growth Equity Conference at Florida Atlantic University. Gary C. Evans, Chairman and Co-CEO, will present on December 3, 2024, at 10:00 am EST, followed by Q&A and one-on-one investor meetings. A video webcast will be available on the company's website, Noble Capital Markets' Conference website, and Channelchek, remaining archived for 90 days.
United States Antimony (NYSE:UAMY) reported Q3 and nine months 2024 financial results, showing revenue growth of 23% to $8.066 million for the first nine months. Gross profit increased 107% to $2.157 million, while operating expenses rose by $1.764 million to $3.285 million. The company reported a net loss of $653k from continuing operations.
Notable developments include improved operations at Bear River Zeolite with 93% efficiency runtime, and antimony prices surging from $5.31 to $17 per pound. The company has ceased operations in Mexico and maintains a strong cash position of $12.97 million. UAMY is actively pursuing new mining leases in Ontario and Alaska for antimony and other critical minerals.