United States Antimony (UAMY) Corporation announced that it has completed an acquisition of 100% of the ownership interest of the Fostung Properties which cover 50 single-cell mining claims or 1,114 hectares located approximately 70 kilometers west-southwest of Sudbury, Ontario, Canada, near the town of Espanola. The total purchase price of the tungsten properties was $5M in cash in addition to a 1/2 of 1% Net Smelter Return royalty interest to be divided equally between the sellers; Transition Metals Corp and 1930153 ON Ltd. There exists an additional NSR of 1% held by a previous owner.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UAMY:
- United States Antimony Faces Supply Chain Disruption
- United States Antimony affirms commitment to U.S. critical minerals supply chain
- United States Antimony price target raised to $4.50 from $2.60 at H.C. Wainwright
- United States Antimony Corp. Reports Strong Q1 2025 Results
- United States Antimony reports Q1 EPS 0c vs. 0c last year