United States Antimony Corporation Announces Exclusive Option Agreement to Acquire Third Group of Alaska Antimony Mining Claims
United States Antimony (NYSE:UAMY) has entered into an exclusive option agreement to acquire 100% ownership of 120 state mining claims in Alaska, covering approximately 17,900 acres with significant Stibnite antimony mineral potential. The agreement includes staged payments of $3 million and exploration commitments of $2.25 million over a five-and-a-half-year period, along with a Net Smelter Royalty.
The claims have shown promising results from historic exploration programs, particularly through soil sampling that revealed areas with high antimony values near the surface. The location offers excellent road access, and USAC plans to immediately begin preparing a field program to assess the resource potential, focusing on accessible, near-surface antimony deposits while maintaining environmental compliance.
United States Antimony (NYSE:UAMY) ha stipulato un accordo di opzione esclusiva per acquisire il 100% di 120 diritti minerari statali in Alaska, coprendo circa 17.900 acri con un significativo potenziale minerale di Stibnite antimonio. L'accordo prevede pagamenti scaglionati di 3 milioni di dollari e impegni di esplorazione di 2,25 milioni di dollari nel corso di un periodo di cinque anni e mezzo, insieme a una Royalty Net Smelter.
I diritti hanno mostrato risultati promettenti da programmi di esplorazione storici, in particolare attraverso campionamenti del suolo che hanno rivelato aree con alti valori di antimonio vicino alla superficie. La posizione offre un eccellente accesso stradale, e USAC prevede di iniziare immediatamente a preparare un programma sul campo per valutare il potenziale delle risorse, concentrandosi su depositi di antimonio accessibili e vicini alla superficie, mantenendo al contempo la conformità ambientale.
United States Antimony (NYSE:UAMY) ha firmado un acuerdo de opción exclusivo para adquirir el 100% de 120 reclamos mineros estatales en Alaska, cubriendo aproximadamente 17,900 acres con un significativo potencial mineral de antimonio Stibnite. El acuerdo incluye pagos escalonados de 3 millones de dólares y compromisos de exploración de 2.25 millones de dólares durante un período de cinco años y medio, junto con una regalía de Fundición Neta.
Los reclamos han mostrado resultados prometedores de programas de exploración históricos, especialmente a través de muestreo de suelo que reveló áreas con altos valores de antimonio cerca de la superficie. La ubicación ofrece un excelente acceso por carretera, y USAC planea comenzar de inmediato a preparar un programa de campo para evaluar el potencial de los recursos, enfocándose en depósitos de antimonio accesibles y cercanos a la superficie, manteniendo al mismo tiempo el cumplimiento ambiental.
यूएस 안타모니 (NYSE:UAMY)는 알래스카에 있는 120개의 주정부 광산 청구권의 100% 소유권을 인수하기 위한 독점 옵션 계약을 체결했습니다. 이 계약은 약 17,900 에이커의 면적을 포함하고 있으며, 상당한 스티브나이트 비스무트 광물 잠재력을 보유하고 있습니다. 계약에는 3백만 달러의 분할 지불과 5년 반 동안 225만 달러의 탐사 약속이 포함되어 있으며, 순 제련 로열티도 포함됩니다.
청구권은 역사적인 탐사 프로그램에서 유망한 결과를 보여주었으며, 특히 표면 근처에서 높은 비스무트 농도가 나타난 토양 샘플링을 통해 드러났습니다. 이 위치는 훌륭한 도로 접근성을 제공하며, USAC는 자원의 잠재력을 평가하기 위한 현장 프로그램을 준비하기 위해 즉시 시작할 계획입니다. 접근 가능하고 표면 근처의 비스무트 매장지에 초점을 맞추고 환경 규정을 준수하면서 진행됩니다.
United States Antimony (NYSE:UAMY) a conclu un accord d'option exclusif pour acquérir 100 % de 120 concessions minières étatiques en Alaska, couvrant environ 17 900 acres avec un potentiel minéral significatif en stibnite d'antimoine. L'accord inclut des paiements échelonnés de 3 millions de dollars et des engagements d'exploration de 2,25 millions de dollars sur une période de cinq ans et demi, ainsi qu'une redevance nette de fonderie.
Les concessions ont montré des résultats prometteurs provenant de programmes d'exploration historiques, en particulier par le biais d'échantillonnage de sol révélant des zones avec de fortes valeurs d'antimoine près de la surface. L'emplacement offre un excellent accès routier, et USAC prévoit de commencer immédiatement à préparer un programme de terrain pour évaluer le potentiel des ressources, en se concentrant sur des dépôts d'antimoine accessibles et proches de la surface tout en respectant les normes environnementales.
United States Antimony (NYSE:UAMY) hat einen exklusiven Optionsvertrag zur Übernahme von 100% des 120 staatlichen Bergbaurechte in Alaska abgeschlossen, die etwa 17.900 Acres mit signifikantem Stibnit-Antimon-Mineralpotenzial abdecken. Der Vertrag umfasst gestaffelte Zahlungen von 3 Millionen Dollar und Explorationsverpflichtungen von 2,25 Millionen Dollar über einen Zeitraum von fünfeinhalb Jahren sowie eine Net Smelter Royalty.
Die Ansprüche haben vielversprechende Ergebnisse aus historischen Explorationsprogrammen gezeigt, insbesondere durch Bodenprobenahme, die Bereiche mit hohen Antimonwerten nahe der Oberfläche enthüllte. Der Standort bietet hervorragenden Straßenanschluss, und USAC plant, sofort mit der Vorbereitung eines Feldprogramms zu beginnen, um das Ressourcenpotenzial zu bewerten, wobei der Fokus auf zugänglichen, nahe der Oberfläche gelegenen Antimonlagerstätten liegt, während gleichzeitig die Umweltvorschriften eingehalten werden.
- Exclusive rights to acquire 120 mining claims covering 17,900 acres
- Historic exploration data indicates significant antimony mineral potential
- Excellent road access to the mining claims
- Strategic expansion of North American antimony resources
- Substantial financial commitment of $5.25 million required over 5.5 years
- Net Smelter Royalty obligations will impact future revenue
- Additional exploration needed to confirm resource viability
Insights
The acquisition of 120 state mining claims in Alaska marks a strategic expansion of USAC's antimony resource portfolio. The
The claims' historic exploration data indicating high antimony values in soil samples is particularly valuable, as it suggests near-surface mineralization. This could translate to lower extraction costs and faster development timelines compared to deep underground deposits. The existing road infrastructure is a significant advantage, potentially reducing capital expenditure requirements by
For context, antimony's strategic importance has grown substantially, with prices increasing by over
This deal represents a calculated move to strengthen USAC's position in the critical minerals sector. The timing is particularly strategic given the current geopolitical landscape where China controls approximately
The 17,900-acre property's location in Alaska adds a important domestic source to USAC's portfolio, aligning with the national security imperative to reduce dependency on foreign antimony supplies. The existence of previous exploration data significantly reduces initial assessment costs and risks, while the NSR structure ensures long-term value sharing with the original claim holders.
Think of this as securing a strategic puzzle piece in the broader picture of U.S. critical mineral independence. The option agreement's structure provides USAC with significant operational flexibility while maintaining exclusive control over a potentially valuable resource in a stable jurisdiction.
"The Critical Minerals and ZEO Company"
DALLAS, TX / ACCESS Newswire / January 21, 2025 / United States Antimony Corporation ("USAC," or the "Company"), (NYSE:UAMY) announced today that it has completed contract negotiations and entered into an exclusive option agreement with an established Alaska claim owner/exploration company to acquire a
This new agreement covers 120 state mining claims covering approximately 17,900 acres, known to contain significant Stibnite antimony mineral potential based on results of historic exploration programs conducted by major companies (targeting gold) and by the claim owner itself. Of particular interest are the results of extensive soils sampling programs that identified several areas with anomalously high antimony values, indicating the presence of near-surface antimony. Under the terms of the agreement, United States Antimony Corporation will have the exclusive right to acquire the claims through a series of staged payments totaling
"This option aligns with our strategic focus on securing antimony and other critical mineral resources in North America to reduce supply chain dependencies from other international sources," said Mr. Joe Bardswich, Executive Vice President & Chief Mining Engineer of United States Antimony Corporation. "The agreement grants USAC exclusive access to existing proprietary data and exploration rights in an area of very high potential along with excellent road access, which is an absolutely necessity. We believe this agreement provides us with a unique opportunity to greatly strengthen our current ownership position in antimony deposits, the development of which would contribute to our nation's national security needs. USAC will immediately commence preparation of a field program to further assess the resource potential of these new claims, with a primary focus on easily accessible, near-surface deposits of antimony while maintaining an emphasis on environmental compliance."
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 540308
Dallas, TX 75354
Jonathan Miller, Vice President - IR
E-Mail: Jmiller@usantimony.com
Phone: 406-606-4117
SOURCE: United States Antimony Corp.
View the original press release on ACCESS Newswire
FAQ
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