[Form 3] UNITED STATES ANTIMONY CORP Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

John M. Keane, a director of United States Antimony Corp (UAMY), filed an Initial Statement of Beneficial Ownership reporting no currently owned common shares and two time‑based awards granted on 08/19/2025. The filing shows 68,200 restricted stock units (RSUs) and a stock option covering 34,100 shares, each vesting one‑third on 08/19/2026, 08/19/2027, and 08/19/2028$4.26 and an expiration date of 08/19/2035. The RSUs convert to common stock at vesting; no direct common shares were reported.

Positive

• Substantial equity award granted: 68,200 RSUs and 34,100 options, aligning director incentives with shareholders
• Clear vesting schedule: one‑third vests annually on 08/19/2026, 08/19/2027, and 08/19/2028, supporting retention

Negative

• No currently owned common shares were reported, so there is no immediate direct share ownership
• Economic value of options depends on future stock price; strike is $4.26, so upside is not guaranteed

Insights

Corporate Governance Analyst

Director granted time‑based equity aligned with service through 2028.

The reported awards are standard director compensation: 68,200 RSUs and a stock option for 34,100 shares granted on 08/19/2025, both vesting in three equal annual tranches through 08/19/2028. The option expires on 08/19/2035 with a $4.26 exercise price, showing a long exercise window common for incentive awards.

These awards increase potential insider alignment with shareholder outcomes if the share price appreciates, but their full economic value depends on future vesting and stock performance; monitor vesting dates in 2026–2028 for realized changes in ownership.

Compensation Specialist

Equity package mixes RSUs and options to balance retention and upside.

The RSU portion converts to common stock upon vesting, delivering guaranteed shares if service conditions are met, while the option provides upside leverage above the $4.26 strike. Vesting in three equal annual tranches is a typical retention structure for senior directors.

Key near‑term milestones are the first tranche vesting on 08/19/2026 and subsequent tranches each year through 08/19/2028; these dates will determine when insider ownership and potential voting power change.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

KEANE JOHN M

(Last) (First) (Middle)

4438 W LOVERS LANE, UNIT 100

(Street)

DALLAS TX 75209

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/19/2025

3. Issuer Name and Ticker or Trading Symbol
UNITED STATES ANTIMONY CORP [ UAMY ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	0	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock	(1)	(1)	Common Stock	68,200(1)	$0	D
Stock Options	(2)	08/19/2035	Common Stock	34,100(2)	$4.26	D

Explanation of Responses:

1. Represents shares of Common Stock underlying a time-based vesting restricted stock unit ("RSU") award granted on August 19, 2025 under the Issuer's Amended and Restated 2023 Equity Incentive Plan. One-third, or 22,733 shares of the 68,200 total number of shares, of the RSU award will vest on August 19, 2026 and an additional one-third of the total number of shares will vest on August 19, 2027 and August 19, 2028 subject to the Reporting Person's continued service through each vesting date.

2. Represents shares of Common Stock underlying a time-based vesting stock option award granted on August 19, 2025 under the Issuer's Amended and Restated 2023 Equity Incentive Plan. The stock option will vest as to one-third, or 11,367 shares of the 34,100 total number of shares on August 19, 2026 and an additional one-third of the total number of shares will vest on August 19, 2027 and August 19, 2028, subject to the Reporting Person's continued service through any vesting date.

	/s/ John M. Keane	10/06/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did UAMY director John M. Keane report on his Form 3?

He reported 0 direct common shares and beneficial ownership of 68,200 RSUs plus a stock option for 34,100 shares granted on 08/19/2025.

When do Keane's RSUs and options vest for UAMY?

Both awards vest in three equal tranches: one‑third on 08/19/2026, one‑third on 08/19/2027, and one‑third on 08/19/2028, subject to continued service.

What is the exercise price and expiration of the reported option?

The stock option has an exercise price of $4.26 and an expiration date of 08/19/2035.

Will the RSUs convert to common stock automatically?

Yes, the RSUs represent shares of common stock that will vest into actual shares on each vesting date if service conditions are met.

Does the Form 3 show any immediate change in voting power?

No direct common shares were reported, so there is no immediate change in voting power until RSUs vest or options are exercised.