United States Antimony Corporation Enters Into Purchase Agreement with Select Institutional Investor for $18 Million Registered Direct Offering of Common Stock

Rhea-AI Summary

United States Antimony Corporation (NYSE:UAMY) has secured an $18 million registered direct offering through a securities purchase agreement with a single global institutional investor. The offering, priced at $4.50 per share for 4 million shares, is expected to close around August 28, 2025.

The company plans to utilize the proceeds for working capital, antimony inventory acquisition, expansion of Alaskan mineral positions, potential acquisitions of critical mineral companies, and possible expansion of the Madero Smelter in Mexico beyond its current 200 tons monthly capacity. A.G.P./Alliance Global Partners is serving as the sole placement agent for this offering.

Positive

• Secured significant funding of $18 million to strengthen financial position
• Strategic investment from a reputable global institutional investor
• Proceeds will support multiple growth initiatives including inventory expansion and potential acquisitions
• Offering price of $4.50 per share indicates investor confidence

Negative

• Dilution of existing shareholders through issuance of 4 million new shares
• Additional expenses from placement agent commissions and offering costs will reduce net proceeds

Insights

Financial Analyst

UAMY secures substantial $18M capital infusion at $4.50/share, strengthening its balance sheet for strategic growth in critical minerals market.

This $18 million registered direct offering represents a significant capital infusion for United States Antimony Corporation, substantially strengthening its financial position. The deal structure—selling 4 million shares at $4.50 per share to a single institutional investor—is particularly noteworthy as it indicates institutional confidence in UAMY's business model and growth strategy in the critical minerals space.

The timing of this capital raise aligns with increasing global focus on securing supply chains for critical minerals, with antimony being designated as a strategic material by several governments due to its applications in defense, energy storage, and flame retardants. The company's stated use of proceeds is strategically sound, focusing on working capital improvements, inventory expansion, and potential acquisitions that could enhance vertical integration.

Most compelling is UAMY's plan to potentially expand its Madero Smelter in Mexico beyond its current 200 tons per month capacity, which could meaningfully increase production capabilities. The emphasis on acquiring additional antimony inventory suggests management anticipates either pricing advantages or supply constraints in the market, positioning themselves to capitalize on favorable industry dynamics.

The participation of a single institutional investor, described as having a "stellar reputation," rather than a broader offering, suggests a deliberate strategy to cultivate institutional ownership while minimizing share dilution concerns. This approach may indicate management's confidence in the company's valuation at the $4.50 offering price, which likely represents a premium to market to attract this level of institutional commitment.

"The Critical Minerals and ZEO Company"

~ Antimony, Cobalt, Tungsten, and Zeolite ~

DALLAS, TX / ACCESS Newswire / August 27, 2025 / United States Antimony Corporation ("USAC," "US Antimony," or the "Company"), (NYSE American:UAMY)(NYSE Texas:UAMY), a leading producer and processor of antimony, zeolite, and other critical minerals, today announced that it has entered into a securities purchase agreement for aggregate proceeds of $18 million with a single fundamental global institutional investor.

The Company intends to use the net proceeds from the equity raised today in some of the following areas:

• Working Capital

• Acquisition of additional antimony inventory from international sources

• Further expansion of our existing leasehold mineral position in Alaska associated with antimony

• Potential acquisitions of one or more other critical mineral companies or specific properties currently under review by management

• Potential expansion of the Madero Smelter in Mexico above its 200 tons per month nameplate capacity

Commenting on the offering, Mr. Gary C. Evans, Chairman and Chief Executive Officer of United States Antimony Corporation stated, "In an effort to broaden our institutional ownership since the beginning of this year, we have been telling our unique company story and position in the marketplace. Due to the size of this particular institution and their stellar reputation, we made the decision to sell them four million shares of our common stock. This has in-turn raised our cash balance by approximately $18 million, less expenses."

The purchase agreement, pursuant to a registered direct offering priced at $4.50 per share, will result in aggregate gross proceeds of approximately $18 million before deducting placement agent commissions and other offering expenses. The closing of the offering is expected to occur on or about August 28, 2025, subject to the satisfaction of customary closing conditions.

A.G.P./Alliance Global Partners is acting as the sole placement agent for the Offering.

This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-284057) which was declared effective by the Securities and Exchange Commission (the "SEC") on April 24, 2025. The offering is made only by means of a prospectus which is part of the effective registration statement. A final prospectus supplement and the accompanying prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Additionally, when available, electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About USAC:

United States Antimony Corporation and its subsidiaries in the U.S., Mexico, and Canada ("USAC," "U.S. Antimony," the "Company," "Our," "Us," or "We") sell antimony, zeolite, and precious metals primarily in the U.S. and Canada. The Company processes third party ore primarily into antimony oxide, antimony metal, antimony trisulfide, and precious metals at its facilities located in Montana and Mexico. Antimony oxide is used to form a flame-retardant system for plastics, rubber, fiberglass, textile goods, paints, coatings, and paper, as a color fastener in paint, and as a phosphorescent agent in fluorescent light bulbs. Antimony metal is used in bearings, storage batteries, and ordnance. Antimony trisulfide is used as a primer in ammunition. The Company also recovers precious metals, primarily gold and silver, at its Montana facility from third party ore. At its Bear River Zeolite ("BRZ") facility located in Idaho, the Company mines and processes zeolite, a group of industrial minerals used in water filtration, sewage treatment, nuclear waste and other environmental cleanup, odor control, gas separation, animal nutrition, soil amendment and fertilizer, and other miscellaneous applications. During 2024 and 2025, the Company leased a metals concentration facility located in Montana and began acquiring mining claims and leases located in Montana, Alaska and Ontario, Canada in an effort to expand its operations as well as its product offerings.

Safe Harbor Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Serve intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Exchange Act. These forward-looking statements can be about future events, including statements regarding the expected closing of the offering and the anticipated use of proceeds. The words "anticipate", "believe", "expect", "project", "predict", "will", "forecast", "estimate", "likely", "intend", "outlook", "should", "could", "may", "target", "plan" and other similar expressions can generally be used to identify forward-looking statements. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements. Any forward-looking statements in this press release are based on management's current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. Risks that contribute to the uncertain nature of the forward-looking statements include those risks and uncertainties set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the United States Securities and Exchange Commission (the "SEC") and in its subsequent filings filed with the SEC. All forward-looking statements contained in this press release speak only as of the date on which they were made. US Antimony undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

Contact:

United States Antimony Corp.
4438 W. Lovers Lane, Unit 100
Dallas, TX 75209
Jonathan Miller, VP, Investor Relations
E-Mail: Jmiller@usantimony.com
406-606-4117

SOURCE: United States Antimony Corp.

View the original press release on ACCESS Newswire

FAQ

What is the size and price of UAMY's registered direct offering in August 2025?

UAMY secured an $18 million registered direct offering priced at $4.50 per share, involving the issuance of 4 million shares to a single global institutional investor.

How does UAMY plan to use the proceeds from the $18M offering?

UAMY plans to use the proceeds for working capital, antimony inventory acquisition, expansion of Alaskan mineral positions, potential critical mineral company acquisitions, and possible expansion of the Madero Smelter in Mexico.

When is UAMY's $18M offering expected to close?

The offering is expected to close on or about August 28, 2025, subject to customary closing conditions.

Who is the placement agent for UAMY's August 2025 offering?

A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.

What is the regulatory status of UAMY's offering?

The offering is being made through an effective shelf registration statement on Form S-3 (File No. 333-284057) declared effective by the SEC on April 24, 2025.