United States Antimony (UAMY) announced the execution of a new supply agreement with a U.S. industrial fabric manufacturer, for the purchase of antimony trioxide, a key ingredient in flame retardant materials that are essential to the customer’s industrial fabrics business. This new contract reinforces both parties’ commitment to supply security within the USA and to the adoption of USAC’s increased production volumes beginning early next year. Under the terms of the agreement, USAC will supply this customer, which wishes to remain anonymous, with antimony trioxide to meet stringent technical specifications. USAC’s finished material was tested earlier this year to verify that these specifications can be met. The definitive contract term is five years, with renewal up to five additional years, for a value of up to $106.7M in the first five year term.
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