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"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: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.
The Company intends to use the net proceeds from the equity raised today in some of the following areas:
Working Capital
Acquisition of additional antimony inventory from international sources
Further expansion of our existing leasehold mineral position in Alaska associated with antimony
Potential acquisitions of one or more other critical mineral companies or specific properties currently under review by management
Potential expansion of the Madero Smelter in Mexico above its 200 tons per month nameplate capacity
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."
The purchase agreement, pursuant to a registered direct offering priced at $4.50 per share, will result in aggregate gross proceeds of approximately $18 million before deducting placement agent commissions and other offering expenses. The closing of the offering is expected to occur on or about August 28, 2025, subject to the satisfaction of customary closing conditions.
A.G.P./Alliance Global Partners is acting as the sole placement agent for the Offering.
Posted In: UAMY