United States Antimony Corporation Announces Corporate Headquarters Move and Senior Management Changes
United States Antimony (NYSE AMERICAN:UAMY) announced the relocation of its corporate headquarters from Thompson Falls, Montana, to Dallas, Texas, with no associated transition costs. The company also revealed key management changes effective December 9, 2024: Gary C. Evans has assumed the Chief Executive role while continuing as Chairman, and Joe Bardswich becomes Executive Vice President and Chief Mining Engineer, while remaining a board member and President of new mining subsidiaries.
The restructuring aims to better align roles and responsibilities, with Evans focusing on corporate leadership and Bardswich concentrating on mining operations and production. The company emphasizes its transformation over the past year and plans to expedite mining prospect development from the typical 25-year timeline to less than one year, focusing on previously discovered ore deposits on private and State/Provincial properties.
United States Antimony (NYSE AMERICAN:UAMY) ha annunciato il trasferimento della sua sede centrale da Thompson Falls, Montana, a Dallas, Texas, senza costi di transizione associati. L'azienda ha anche rivelato importanti cambiamenti nella gestione che entreranno in vigore il 9 dicembre 2024: Gary C. Evans assumerà il ruolo di Amministratore Delegato continuando come Presidente, e Joe Bardswich diventerà Vice Presidente Esecutivo e Ingegnere Capo Minerario, mantenendo il suo posto nel consiglio e la presidenza delle nuove filiali minerarie.
La ristrutturazione mira a meglio allineare ruoli e responsabilità, con Evans che si concentra sulla leadership aziendale e Bardswich sulle operazioni minerarie e sulla produzione. L'azienda sottolinea la sua trasformazione nell'ultimo anno e prevede di accelerare lo sviluppo delle prospettive minerarie da un tipico arco di tempo di 25 anni a meno di un anno, concentrandosi su depositi minerari precedentemente scoperti in proprietà private e Statali/Provinciali.
United States Antimony (NYSE AMERICAN:UAMY) anunció la reubicación de su sede corporativa de Thompson Falls, Montana, a Dallas, Texas, sin costos de transición asociados. La empresa también reveló cambios clave en la gestión que entrarán en vigor el 9 de diciembre de 2024: Gary C. Evans asumirá el cargo de Director Ejecutivo mientras continúa como Presidente, y Joe Bardswich se convierte en Vicepresidente Ejecutivo e Ingeniero Jefe de Minería, manteniendo su puesto en la junta y la presidencia de nuevas filiales mineras.
La reestructuración tiene como objetivo alinear mejor los roles y responsabilidades, con Evans centrado en el liderazgo corporativo y Bardswich concentrándose en las operaciones y producción mineras. La empresa enfatiza su transformación durante el año pasado y planea acelerar el desarrollo de prospectos mineros de un cronograma típico de 25 años a menos de un año, enfocándose en depósitos de minerales previamente descubiertos en propiedades privadas y estatales/provinciales.
United States Antimony (NYSE AMERICAN:UAMY)는 본사를 몬태나 주 톰슨 폴스에서 텍사스 주 댈러스로 이전한다고 발표했으며, 이와 관련된 전환 비용은 없다고 밝혔습니다. 이 회사는 2024년 12월 9일부터 시행될 주요 경영진 변화를 발표했습니다: Gary C. Evans는 회장직을 지속하면서 최고 경영자 역할을 맡고, Joe Bardswich는 경영 부사장 및 수석 광산 엔지니어가 되며, 이사회 구성원이자 신규 광산 자회사의 사장직도 유지합니다.
이번 구조 조정은 역할과 책임을 더 잘 일치시키는 것을 목표로 하며, Evans는 회사의 리더십에 집중하고 Bardswich는 광산 운영 및 생산에 집중하게 됩니다. 이 회사는 지난 1년 동안의 변화를 강조하며, 일반적인 25년의 시간 계획을 1년 미만으로 단축하고, 사유지 및 주/지방 소유의 기존 광석 매장지에 집중하여 광산 탐사 개발을 가속화할 계획입니다.
United States Antimony (NYSE AMERICAN:UAMY) a annoncé la relocalisation de son siège social de Thompson Falls, Montana, à Dallas, Texas, sans coûts de transition associés. L'entreprise a également révélé des changements clés dans la direction qui entreront en vigueur le 9 décembre 2024 : Gary C. Evans a assumé le rôle de Directeur Général tout en restant Président, et Joe Bardswich devient Vice-Président Exécutif et Ingénieur en Chef des Mines, tout en restant membre du conseil et Président de nouvelles filiales minières.
La restructuration vise à mieux aligner les rôles et responsabilités, avec Evans se concentrant sur le leadership corporatif et Bardswich se concentrant sur les opérations minières et la production. L'entreprise souligne sa transformation au cours de l'année passée et prévoit d'accélérer le développement de projets miniers, passant d'un délai typique de 25 ans à moins d'un an, en se concentrant sur des dépôts de minerai précédemment découverts dans des propriétés privées et étatiques/provinciales.
United States Antimony (NYSE AMERICAN:UAMY) gab bekannt, dass der Unternehmenssitz von Thompson Falls, Montana, nach Dallas, Texas, verlegt wird, ohne damit verbundene Übergangskosten. Das Unternehmen gab auch wesentliche Änderungen im Management bekannt, die am 9. Dezember 2024 wirksam werden: Gary C. Evans übernimmt die Rolle des Chief Executive und bleibt gleichzeitig Vorsitzender, während Joe Bardswich zum Executive Vice President und Chief Mining Engineer ernannt wird und weiterhin Mitglied des Vorstands sowie Präsident neuer Bergbau-Tochtergesellschaften bleibt.
Die Umstrukturierung zielt darauf ab, Rollen und Verantwortlichkeiten besser in Einklang zu bringen, wobei Evans sich auf die Unternehmensführung konzentriert und Bardswich sich auf Bergbauoperationen und Produktion fokussiert. Das Unternehmen betont seine Transformation im vergangenen Jahr und plant, die Entwicklung von Bergbauprojekten von typischen 25 Jahren auf weniger als ein Jahr zu beschleunigen, indem es sich auf zuvor entdeckte Erzlagerstätten in privaten und staatlichen/provincialen Grundstücken konzentriert.
- Strategic management restructuring to better align leadership roles and expertise
- Cost-free headquarters relocation to business-friendly Dallas, Texas
- Focus on expedited mining development timeline (1 year vs typical 25 years)
- Expansion plans for mining operations with direct transportation access to Montana facilities
- None.
Gary C. Evans - CEO & Chairman of the Board
Joe Bardswich - EVP & Chief Mining Engineer
"The Critical Minerals and ZEO Company"
DALLAS, TX / ACCESSWIRE / December 11, 2024 / United States Antimony Corporation ("USAC", or the "Company"), (NYSE AMERICAN:UAMY) announced today the decision by its Board of Directors to move its corporate headquarters to Dallas, Texas, from Thompson Falls, Montana. While the Company's primary producing assets are located in Montana, none of the executives or board members reside there. There will be no expenses incurred associated with this transition.
Additionally, the Company also announced certain management changes effective as of December 9, 2024. Mr. Gary C. Evans has assumed the Chief Executive role and continues as Chairman of the Board of Directors. Mr. Joe Bardswich, P.E. assumes the role of Executive Vice President and Chief Mining Engineer of the Company. Mr. Bardswich also remains a board member and assumes the position of President of all newly formed mining subsidiaries, including Alaska and Canada.
Commenting on this news today, Mr. Gary C Evans stated, "Joe Bardswich and I assumed the dual roles of Co-CEOs back in March 2024 due to previous management departing the company. We have worked extremely well together since I became a board member back in November 2022. I have tremendous respect and confidence in Joe's capabilities which center on new mining opportunities for U.S. Antimony Corporation. His knowledge and experience in this area is unparalleled along with his tremendous network of people associated with mining all around the world. Our business relationship has worked well because we both recognize our respective strengths and weaknesses. U.S. Antimony Corporation today is a very different company than it was just a year ago and is maturing at warp speed. By separating our respective roles today in a more definitive way, we are aligning our jobs and future responsibilities in a more specific manner which will benefit all of our shareholders."
Mr. Bardswich in his new position stated, "Gary has done a great job as Chairman and co-CEO, and I have learned a lot from him. However, my focus should be on what I know best, the mining and production aspects of UAMY. As we are expanding the future prospects of this company, we will ensure that our midstream and downstream processing facilities have product from our own mining interests. Some of these have already been assembled and we have plans for continued expansion. This should significantly enhance our profit margins of our finished products. A typical mining prospect in the United States historically has taken approximately 25 years to develop. Our goal is to do this in less than one year. Our efforts have been concentrated on known deposits of previously discovered ore on private and State/Provincial properties, not subject to federal NEPA regulations and in areas of previous mining activities. We have assembled a team of recognized professional exploration geologists who were able to quickly identify and acquire properties of merit, focusing on mining claims located in regions that have immediate access to roads and/or railroads which will allow for transportation directly to our two facilities located in Montana. I am very pleased to now be focusing most of my attention on the development of our new quality mining interests."
Since 2018, 465 corporate headquarters relocated across the U.S. with Texas attracting the most with 123 corporations - 32 of which moved to Dallas. The state of Texas has a stable, business friendly environment with low taxes, economic incentives, corporate clusters that promote beneficial networks, and it is centrally located within the United States, which is conducive to business activities and travel. Texas also provides a large, skilled workforce in a region with affordable living and a high quality of life.
About USAC:
United States Antimony Corporation and its subsidiaries in the U.S. and Mexico ("USAC", the "Company", "Our", "Us", or "We") sell processed antimony, zeolite, and precious metals products in the U.S. and Canada. The Company processes antimony ore primarily into antimony oxide, antimony metal, and antimony trisulfide. Our 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. Our antimony metal is used in bearings, storage batteries, and ordnance. Our antimony trisulfide is used as a primer in ammunition. In its operations in Idaho, the Company mines and processes zeolite, a group of industrial minerals used in soil amendment and fertilizer, water filtration, sewage treatment, nuclear waste and other environmental cleanup, odor control, gas separation, animal nutrition, and other miscellaneous applications. We recover certain amounts of precious metals, primarily gold and silver, at our plant in Montana from antimony concentrates.
Forward-Looking Statements:
Readers should note that, in addition to the historical information contained herein, this press release may contain forward-looking statements within the meaning of, and intended to be covered by, the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon current expectations and beliefs concerning future developments and their potential effects on the Company including matters related to the Company's operations, pending contracts and future revenues, financial performance, and profitability, ability to execute on its increased production and installation schedules for planned capital expenditures, and the size of forecasted deposits. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent filings, including Form 10-K and Form 10-Q with the Securities and Exchange Commission.
Forward-looking statements are typically identified by words such as "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "pro forma" and other similar words and expressions. Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made. Because forward-looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those anticipated in the forward-looking statements and future results could differ materially from historical performance.
CONTACT:
United States Antimony Corp.
PO Box 643
47 Cox Gulch Rd.
Thompson Falls, Montana 59873-0643
Jonathan Miller, Vice President - IR
E-Mail: Jmiller@usantimony.com
Phone: 406-606-4117
SOURCE: United States Antimony Corp.
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