Business
United States Antimony Corporation Submits Indicative Proposal to Acquire 100% of Larvotto Resources Limited Located in Australia
Business Combination Would Produce One of the World's Largest Antimony Producers Outside of China "The Critical Minerals and ZEO Company"~ Antimony, Cobalt, Tungsten, and Zeolite ~ DALLAS, TEXAS / ACCESS Newswire / October 19, 2025 / United States ...
About this update from United States Antimony Corporation
[{"type":"text","content":"Business Combination Would Produce One of the World's Largest Antimony Producers Outside of China","length":101,"tagName":"p"},{"type":"text","content":""The Critical Minerals and ZEO Company"~ Antimony, Cobalt, Tungsten, and Zeolite ~","length":93,"tagName":"p"},{"type":"text","content":"DALLAS, TEXAS / ACCESS Newswire / October 19, 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 submitted a confidential, non-binding, indicative proposal (the "Proposal") to acquire 100% of the share capital of Larvotto Resources Limited ("Larvotto") by way of a scheme of arrangement under the Australian Corporations Act 2001 (the "Transaction").","length":596,"tagName":"p"},{"type":"text","content":"Under the Proposal, Larvotto shareholders would receive Six (6) USAC shares for every One Hundred (100) Larvotto shares which represents a significant premium to (i) Larvotto's last equity capital raise announced on 25 July 2025 (ii) recent stock trading price ranges. The terms of the proposed transaction are subject to the negotiation and execution of a binding scheme implementation deed, Larvotto shareholder approval, regulatory approvals and customary closing conditions.","length":482,"tagName":"p"},{"type":"text","content":"USAC has recently acquired approximately 10.0% of Larvotto's total issued share capital with cash in the open market which USAC believes makes USAC Larvotto's largest single shareholder.","length":194,"tagName":"p"},{"type":"text","content":"Commenting on the potential combination, Gary C. Evans, Chairman and Chief Executive Officer of USAC, "Our proposal to combine with Larvotto reflects our deep commitment to build a world class industry player in the critical minerals space and our strong conviction in the strategic and cultural fit between the two organizations as well as our countries. We see this as a compelling opportunity for Larvotto shareholders to participate in the upside of a larger, more diversified group - one with financial strength, global reach, and top tier technical capabilities. We look forward to working constructively with the L...