United States Antimony Secures $5 Million Line of Credit

About this update from United States Antimony Corporation

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 $5 million line of credit with Truist Bank to support its ongoing operational and strategic initiatives. 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 $18 Million of existing cash and cash equivalents, there are no immediate plans to utilize any borrowings under this new line of credit. United States Antimony only intends to utilize this credit facility as needed to support strategic growth initiatives, primarily associated with antimony inventory building." 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 amendm...

View stock analysis, news, and events for United States Antimony Corporation