UNITED STATES ANTIMONY CORP
In this report, we explore United States Antimony Corp (Amex: UAMY) which made its graduation from the bulletin board to the AMEX on May 21st at approximately $4.00 share, giving the company a $275 million valuation.
The company was incorporated in Montana on January 1970 to mine and produce antimony products. In December 1983, the company suspended antimony mining operations but continued to produce antimony products from domestic and foreign sources. In April 1998, the company formed United States Antimony SA de CV or USAMSA, to mine and smelt antimony in Mexico. On August 19, 2005, UAMY formed Antimonio de Mexico, S. A. de C. V. to explore and develop antimony and silver deposits in Mexico, which is presently being merged into USAMSA. Today, the company’s principal business remains the production and sale of antimony products, along with zeolite products mined in Idaho.