United States Antimony (UAMY) Enters Into a Securities Purchase Agreement

United States Antimony Corporation (NYSEAMERICAN:UAMY) is one of the Best Mining Stocks to Buy According to Hedge Funds. On August 27, the company announced that it entered into a securities purchase agreement, involving aggregate proceeds of $18 million, with a single fundamental global institutional investor. United States Antimony Corporation (NYSEAMERICAN:UAMY) plans to use the net proceeds for working capital, acquisition of additional antimony inventory from international sources, and for further expansion of its existing leasehold mineral position in Alaska associated with antimony.

United States Antimony (UAMY) Enters Into a Securities Purchase Agreement

United States Antimony Corporation (NYSEAMERICAN:UAMY) intends to deploy net proceeds also for potential acquisitions of one or more other critical mineral companies or specific properties that are currently under review, and for potential expansion of Madero Smelter in Mexico above its 200 tons per month nameplate capacity. Elsewhere, United States Antimony Corporation (NYSEAMERICAN:UAMY)’s revenues for the first 6 months of 2025 rose to $17.53 million, reflecting a 160% increase of $10.79 million as compared to the first six months of 2024.

United States Antimony Corporation (NYSEAMERICAN:UAMY) produces and sells antimony, zeolite, and precious metals.

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Disclosure: None. This article is originally published at Insider Monkey.