M&A - UNITED STATES ANTIMONY CORP

Form Type: 8-K

Filing Date: 2025-01-22

Corporate Action: Acquisition

Type: New

Accession Number: 000165495425000641

Filing Summary: On January 21, 2025, United States Antimony Corporation announced that it has completed contract negotiations and entered into an exclusive option agreement with an established Alaska claim owner/exploration company to acquire a 100% ownership interest in a group of strategically located antimony mining claims in Alaska. The agreement allows United States Antimony Corporation to acquire the claims through a series of staged payments totaling $3 million and exploration commitments totaling $2.25 million over a five-and-a-half-year period. Additionally, the agreement includes provisions for a Net Smelter Royalty and opportunities for third-party joint venture partnerships.