Business
United States Antimony Corporation Enters Into Purchase Agreement with Select Institutional Investor for $18 Million Registered Direct Offering of Common Stock
"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), ...
About this update from United States Antimony Corporation
[{"type":"text","content":""The Critical Minerals and ZEO Company"","length":49,"tagName":"p"},{"type":"text","content":"~ Antimony, Cobalt, Tungsten, and Zeolite ~","length":43,"tagName":"p"},{"type":"text","content":"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.","length":447,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from the equity raised today in some of the following areas:","length":104,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Working Capital","length":15,"tagName":"p"}]},{"val":[{"type":"text","content":"Acquisition of additional antimony inventory from international sources","length":71,"tagName":"p"}]},{"val":[{"type":"text","content":"Further expansion of our existing leasehold mineral position in Alaska associated with antimony","length":95,"tagName":"p"}]},{"val":[{"type":"text","content":"Potential acquisitions of one or more other critical mineral companies or specific properties currently under review by management","length":130,"tagName":"p"}]},{"val":[{"type":"text","content":"Potential expansion of the Madero Smelter in Mexico above its 200 tons per month nameplate capacity","length":99,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":410,"olType":false},{"type":"text","content":"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."","length":544,"tagName":"p"},{"type":"text","content":"The purchase agreement, pursuant to a registered direct offering priced at $4.50...