Attached files
Exhibit
99.1
United States Antimony Corporation Announces $14.3 Million
Registered Direct Offering
Thompson
Falls, Montana – February 11, 2021 – United States
Antimony Corporation (NYSE AMERICAN: UAMY), today announced that it
has entered into a securities purchase agreement with certain
institutional investors, providing for the purchase and sale of
10,990,000 shares of common stock at a price of $1.30 per share in
a registered direct offering, resulting in total gross proceeds of
approximately $14.3 million, before deducting the placement
agents’ fees and other estimated offering
expenses.
Roth
Capital Partners is acting as the sole placement agent in this
offering.
The
registered direct offering is expected to close on or about
February 16, 2021, subject to customary closing
conditions.
A shelf
registration statement on Form S-3 (File No. 333-252193) relating
to the shares of common stock to be issued in the registered direct
offering was previously filed with the Securities and Exchange
Commission (the “SEC”) on January 19, 2021 and declared
effective by the SEC on January 27, 2021. Such shares are being
offered only by means of a prospectus. A prospectus supplement and
the accompanying prospectus relating to and describing the terms of
the registered direct offering will be filed with the SEC and will
be available on the SEC’s website at www.sec.gov. When
available, copies of the prospectus supplement and the accompanying
prospectus relating to the registered direct offering may also be
obtained by contacting Roth Capital Partners, LLC, 888 San Clemente
Drive, Newport Beach, California 92660, by calling (800) 678-9147
or by e-mail at rothecm@roth.com.
This
press release does not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
jurisdiction.
About United States Antimony Corporation
US
Antimony is a growing, vertically-integrated natural resource
company that has production and diversified operations in precious
metals, zeolite and antimony.
Forward-Looking Statements
This
Press Release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934 that are based upon
current expectations or beliefs, as well as a number of assumptions
about future events, including matters related to the Company's
operations, pending contracts and future revenues, ability to
execute on its increased production and installation schedules for
planned capital expenditures and the size of forecasted deposits.
Although the Company believes that the expectations reflected in
the forward-looking statements and the assumptions upon which they
are based are reasonable, it can give no assurance that such
expectations and assumptions will prove to have been correct. The
reader is cautioned not to put undue reliance on these
forward-looking statements, as these statements are subject to
numerous factors and uncertainties. In addition, other factors that
could cause actual results to differ materially are discussed in
the Company's most recent filings, including Form 10-K with the
Securities and Exchange Commission.