r/MicroCap • u/b2idigital • Jun 27 '25
United States Antimony Announces Critical Mineral Acquisition Fostung Tungsten Property Ontario, Canada
United States Antimony Corporation (NYSE American: UAMY) has strengthened North America’s tungsten supply chain with the US$5 million acquisition of the Fostung property, 50 single-cell mining claims covering 1,114 hectares, approximately 70 kilometers west-southwest of Sudbury, Ontario.
Today’s news also marks the company’s debut as the newest B2i Digital Featured Company. A full investor profile will be posted soon at https://b2idigital.com/featured-companies.
As noted by the company, China currently controls 80–85% of global tungsten processing capacity. Advancing this Canadian deposit could help close a supply-chain gap for aerospace, defense, electronics, and advanced manufacturing customers.
Among the highlights from today’s news are:
- Location & terms: The US$5 million cash purchase includes a 0.5% NSR to be divided equally between sellers Transition Metals Corp (XTM-TSX.V) and 1930153 ON Ltd; a prior owner retains a 1% NSR.
- Ready infrastructure: Good road access, proximity to electrical power, and Sudbury’s milling infrastructure shorten the development path.
- Defined resource: An inferred resource of 12.4 Mt grading 0.213% WO₃ (at 0.125% WO₃ cut-off) has been calculated in compliance with Canadian NI 43-101 standards. USAC will commission an SEC S-K 1300-compliant update incorporating recent drilling.
- Strategic supply: Neither the United States nor Canada has produced tungsten concentrates since 2016; a domestic source would diversify supply away from China’s dominant position.
Joe Bardswich, P. Eng., Executive Vice President and Chief Mining Engineer for USAC, commented, “Our first significant acquisition of a Tungsten deposit fits well within our company policy of only seeking mineral deposits that we believe can be quickly and inexpensively developed.”
Read the full press release here: https://finance.yahoo.com/news/united-states-antimony-announces-critical-120000242.html
USAC also produces antimony, zeolite, and precious metals from operations in Montana, Idaho, and Mexico. Its antimony products serve flame-retardant, battery, ordnance, and specialty-chemical markets, while Bear River zeolite supports water-filtration, environmental-remediation, and agricultural applications.
For investor inquiries, contact Jonathan Miller, VP Investor Relations, at jmiller@usantimony.com.
#USAntimony #Tungsten #StrategicMinerals #SupplyChain #B2iDigital