United States Antimony (UAMY) has entered into a securities purchase agreement for aggregate proceeds of $18M with a single fundamental global institutional investor. The Company intends to use the net proceeds from the equity raised today in some of the following areas: Working Capital; Acquisition of additional antimony inventory from international sources; Further expansion of our existing leasehold mineral position in Alaska associated with antimony; Potential acquisitions of one or more other critical mineral companies or specific properties currently under review by management; Potential expansion of the Madero Smelter in Mexico above its 200 tons per month nameplate capacity The purchase agreement, pursuant to a registered direct offering priced at $4.50 per share, will result in aggregate gross proceeds of approximately $18M before deducting placement agent commissions and other offering expenses. The closing of the offering is expected to occur on or about August 28, 2025, subject to the satisfaction of customary closing conditions. A.G.P./Alliance Global Partners is acting as the sole placement agent for the Offering.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UAMY:
- United States Antimony appoints John Keane to board of directors
- United States Antimony management to meet with B. Riley
- United States Antimony Corp. Reports Strong Earnings Growth
- Buy Rating for United States Antimony Driven by Strong Financial Performance and Strategic Positioning
- US Antimony Reports Strong Financial Growth in 2025