United States Antimony Corporation Announces Further Expansion of its Alaskan Antimony Mineral Land Position

Rhea-AI Summary

United States Antimony (NYSE:UAMY) has expanded its Alaskan antimony mineral land position through a new lease/option purchase agreement and an additional staking program. The company executed an agreement with a Wasilla-based prospector for lands adjacent to existing USAC claims in the Fairbanks and Maclaren River areas.

The company's Fairbanks area holdings, which are prospective for both antimony and gold, now encompass 144 claims covering 8,998 acres. This area will be the primary focus for high-grade stibnite exploration and mining operations, scheduled to begin in early May 2025, led by Vice President - Mining Division Rodney Blakestad.

USAC plans to conduct exploration programs at Stibnite Creek and Maclaren River claims during summer 2025, with test shipments of raw antimony material to its Montana processing facilities expected in Q3 2025.

Positive

• Significant expansion of mineral land position in Alaska
• Strategic acquisition of claims adjacent to existing properties
• Diversified portfolio with both antimony and gold prospects
• Vertical integration advantage as North America's only integrated antimony producer
• Clear timeline for operations beginning May 2025

Negative

• Operations dependent on weather conditions
• No immediate revenue generation until Q3 2025 test shipments
• Exploration and mining operations still in early stages

Insights

Mining Industry Analyst

United States Antimony 's expansion of its Alaskan mineral position represents meaningful progress in developing domestic antimony resources. By securing additional claims through both lease agreements and staking, USAC has grown its Fairbanks footprint to 144 claims covering 8,998 acres, creating a substantial land package for antimony and gold exploration.

The company's operational timeline is particularly noteworthy. USAC plans to launch exploration and mining operations in May 2025, with test shipments to their Montana processing facilities expected in Q3 2025. This vertical integration approach leverages their unique position as North America's only integrated antimony producer.

Strategic leadership appointments support this expansion, with Vice President Rodney Blakestad bringing over 20 years of Alaskan field experience to oversee operations. His permanent relocation to Fairbanks signals the company's commitment to this development.

Management's positive assessment of the antimony deposits' quality suggests confidence in these assets, though actual grade and quantity data remains to be confirmed through the upcoming exploration program. The additional planned exploration at Stibnite Creek and Maclaren River claims further rounds out their 2025 operational roadmap.

This expansion strengthens USAC's resource position, though investors should note that commercial production remains contingent on successful exploration results and operational execution in Alaska's challenging environment.

"The Critical Minerals and ZEO Company"

DALLAS, TX / ACCESS Newswire / April 7, 2025 / United States Antimony Corporation ("USAC," or the "Company"), (NYSE:UAMY), the only vertically integrated antimony producer in North America, announced today the continued expansion of the Company's Alaskan Antimony mineral land position. This is a result of the execution of a new lease/option purchase agreement and an additional staking program. This agreement was completed with an experienced prospector from the Wasilla, Alaska area for lands adjacent to, and in some cases contiguous with existing USAC leased and staked claims in the Fairbanks area as well as the Maclaren River area. The staking program of 18 claims was initiated to cover isolated areas of open ground in the Fairbanks area that were contiguous with the previously leased lands.

The company's land holdings in the Fairbanks area, highly prospective for both antimony and gold, now total 144 claims covering approximately 8,998 acres. This land package will be the initial primary focus of the company's high-grade stibnite exploration and mining operation expected to kick off in early May, weather permitting, under the direction of the company's Vice President - Mining Division, Rodney Blakestad. Rod is a graduate of the University of Alaska, Fairbanks. He has over 20 years of field experience in Alaska and he will be relocating his homestead to the Fairbanks area within the month.

Exploration programs at the company's Stibnite Creek and the Maclaren River claims in the south flank of the Alaska Range, are also in the planning stage and are to be conducted during the 2025 summer season.

The Company continues on its business plan to begin test shipments of raw antimony material for delivery to its processing facilities located in Montana during the third quarter of this year. Management continues to be impressed by the high quality of the antimony deposits seen thus far in our Alaska Properties.

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 amendment and fertilizer, and other miscellaneous applications. The Company acquired mining claims and leases located in Alaska and Ontario, Canada and leased a metals concentration facility in Montana in 2024 that could expand its operations as well as its product offerings.

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.
4438 W. Lover's Lane, Unit 100
Dallas, TX 75209
Jonathan Miller, VP, Investor Relations
E-Mail: Jmiller@usantimony.com
Phone: 406-606-4117

SOURCE: United States Antimony Corp.

View the original press release on ACCESS Newswire

FAQ

How many acres does UAMY now control in the Fairbanks area after its latest expansion?

UAMY now controls 144 claims covering approximately 8,998 acres in the Fairbanks area.

When will UAMY begin its high-grade stibnite exploration and mining operations in Alaska?

UAMY plans to begin operations in early May 2025, weather permitting.

What are UAMY's plans for antimony test shipments in 2025?

UAMY plans to begin test shipments of raw antimony material to its Montana processing facilities during the third quarter of 2025.

Which areas in Alaska will UAMY explore during the 2025 summer season?

UAMY will explore the Stibnite Creek and Maclaren River claims on the south flank of the Alaska Range.