Mentioned:
UAMY -10.92% PPTA -9.54%
Antimony continues to make waves from the White House to Wall Street. Which is exactly why United States Antimony Corporation has just raised a new financing round to stay on the leading edge of it.
What’s happening:
- United States Antimony (NYSE: UAMY) has successfully raised $18M USD in a new equity financing round
By the numbers:
- United States Antimony issued 4M common shares at a price of $4.50 USD per share as part of the financing round
Why it matters:
- Antimony has continued to become politically important in North America, which previously led to Perpetua Resources (NASDAQ: PPTA) having their Idaho based antimony project selected as a Transparency Project by the White House
Going deeper:
- United States Antimony has publicly stated that they plan to use the new growth capital to expand their land package in Alaska and also potentially increase the production capacity of their smelter operations in Mexico
- United States Antimony also notably owns the only operational antimony smelter facility in America, which is located in Thompson Falls, Montana
The intrigue:
- The new funding round was done entirely by one single institutional investor
