United States Antimony Corporation Secures $5 Million Line of Credit
United States Antimony (NYSE American:UAMY), North America's only vertically integrated antimony producer, has secured a $5 million line of credit from Truist Bank. The credit facility features competitive interest rates and will support operational and strategic initiatives. According to CFO Richard Isaak, the company currently holds $18 million in cash and cash equivalents and has no immediate plans to draw from the new credit line.
The credit facility will primarily serve as a strategic resource for antimony inventory building initiatives. The arrangement with Truist Bank demonstrates growing confidence in UAMY's business model and long-term potential, while reflecting the company's disciplined financial management approach.
United States Antimony (NYSE American:UAMY), unico produttore di antimonio verticalmente integrato in Nord America, ha ottenuto una linea di credito di 5 milioni di dollari da Truist Bank. La struttura di credito presenta tassi d'interesse competitivi e supporterà iniziative operative e strategiche. Secondo il CFO Richard Isaak, l'azienda attualmente detiene 18 milioni di dollari in contante e equivalenti e non ha piani immediati di attingere alla nuova linea di credito.
La struttura di credito servirà principalmente come risorsa strategica per iniziative di accumulo di inventario di antimonio. L'accordo con Truist Bank dimostra la crescente fiducia nel modello di business di UAMY e nel suo potenziale a lungo termine, riflettendo l'approccio disciplinato della società nella gestione finanziaria.
United States Antimony (NYSE American:UAMY), el único productor de antimonio verticalmente integrado en América del Norte, ha asegurado una línea de crédito de 5 millones de dólares de Truist Bank. La instalación de crédito cuenta con tasas de interés competitivas y apoyará iniciativas operativas y estratégicas. Según el CFO Richard Isaak, la compañía actualmente tiene 18 millones de dólares en efectivo y equivalentes y no tiene planes inmediatos de utilizar la nueva línea de crédito.
La instalación de crédito servirá principalmente como un recurso estratégico para iniciativas de acumulación de inventario de antimonio. El acuerdo con Truist Bank demuestra la creciente confianza en el modelo de negocio de UAMY y su potencial a largo plazo, reflejando el enfoque disciplinado de la compañía en la gestión financiera.
United States Antimony (NYSE American:UAMY), 북미 유일의 수직 통합 안티모니 생산업체가 Truist Bank로부터 500만 달러의 신용 한도를 확보했습니다. 이 신용 시설은 경쟁력 있는 이자율을 제공하며 운영 및 전략적 이니셔티브를 지원할 것입니다. CFO 리차드 아이작에 따르면, 회사는 현재 1800만 달러의 현금 및 현금성 자산을 보유하고 있으며 새로운 신용 한도를 즉시 사용할 계획은 없습니다.
신용 시설은 주로 안티모니 재고 구축 이니셔티브를 위한 전략적 자원으로 사용될 것입니다. Truist Bank와의 협약은 UAMY의 비즈니스 모델과 장기적인 잠재력에 대한 신뢰가 높아지고 있음을 보여주며, 회사의 재정 관리 접근 방식이 엄격함을 반영합니다.
United States Antimony (NYSE American:UAMY), le seul producteur d'antimoine intégré verticalement en Amérique du Nord, a obtenu une ligne de crédit de 5 millions de dollars de la part de Truist Bank. Cette facilité de crédit présente des taux d'intérêt compétitifs et soutiendra les initiatives opérationnelles et stratégiques. Selon le CFO Richard Isaak, l'entreprise détient actuellement 18 millions de dollars en espèces et équivalents et n'a pas de projets immédiats d'utilisation de la nouvelle ligne de crédit.
Cette facilité de crédit servira principalement de ressource stratégique pour les initiatives de constitution de stocks d'antimoine. L'accord avec Truist Bank démontre la confiance croissante dans le modèle commercial d'UAMY et son potentiel à long terme, tout en reflétant l'approche disciplinée de l'entreprise en matière de gestion financière.
United States Antimony (NYSE American:UAMY), der einzige vertikal integrierte Antimonproduzent in Nordamerika, hat eine Kreditlinie von 5 Millionen Dollar von der Truist Bank gesichert. Die Kreditfazilität bietet wettbewerbsfähige Zinssätze und wird operationale sowie strategische Initiativen unterstützen. Laut CFO Richard Isaak hält das Unternehmen derzeit 18 Millionen Dollar in Bargeld und liquiden Mitteln und hat keine unmittelbaren Pläne, die neue Kreditlinie in Anspruch zu nehmen.
Die Kreditfazilität wird hauptsächlich als strategische Ressource für Initiativen zum Aufbau von Antimonbeständen dienen. Die Vereinbarung mit der Truist Bank zeigt das wachsende Vertrauen in das Geschäftsmodell von UAMY und dessen langfristiges Potenzial, während sie den disziplinierten Ansatz des Unternehmens im Finanzmanagement widerspiegelt.
- Secured $5 million credit line at competitive interest rates
- Strong cash position with $18 million in cash and equivalents
- No immediate need to draw from credit facility indicates financial stability
- Strategic flexibility for inventory building
- None.
"The Critical Minerals and ZEO Company"
DALLAS, TX / ACCESS Newswire / April 11, 2025 / United States Antimony Corporation ("USAC," "U.S. Antimony," or the "Company"), (NYSE American:UAMY), the only vertically integrated antimony producer in North American, announces today that it has secured a
The credit facility was extended at a competitive interest rate, providing the Company with a transparent and stable benchmark for future borrowing needs.
"We're pleased to establish this new credit facility with Truist Bank, which not only augments our working capital capabilities, but also demonstrates growing confidence in our business and long-term potential," said Richard (Rick) Isaak, Senior Vice President and CFO of U.S. Antimony. "The favorable terms are a testament to the strong relationship we are continuing to build and our disciplined financial management approach. With approximately
About USAC:
United States Antimony Corporation and its subsidiaries in the U.S., Mexico, and Canada ("USAC," 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 ZEO 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. The Company acquired mining claims and leases located in Alaska and Ontario, Canada and leased a metals concentration facility in Montana in 2024 that could expand its operations as well as its product offerings.
Forward-Looking Statements:
Readers should note that, in addition to the historical information contained herein, this press release may contain forward-looking statements within the meaning of, and intended to be covered by, the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon current expectations and beliefs concerning future developments and their potential effects on the Company including matters related to the Company's operations, pending contracts and future revenues, financial performance and profitability, ability to execute on its increased production and installation schedules for planned capital expenditures, and the size of forecasted deposits. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent filings, including Form 10-K and Form 10-Q with the Securities and Exchange Commission.
Forward-looking statements are typically identified by words such as "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "pro forma," and other similar words and expressions. Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made. Because forward-looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those anticipated in the forward-looking statements and future results could differ materially from historical performance.
Contact:
United States Antimony Corp. 4438 W. Lover's Lane, Unit 100
Dallas, TX 75209
Jonathan Miller, VP, Investor Relations
E-Mail: Jmiller@usantimony.com
Phone: 406-606-4117
SOURCE: United States Antimony Corp.
View the original press release on ACCESS Newswire
FAQ
What is the size and purpose of UAMY's new credit facility with Truist Bank?
How much cash does United States Antimony (UAMY) currently have on hand?
Does UAMY plan to immediately use the new $5 million credit line?
What makes UAMY unique in North American antimony production?
