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United States Antimony Buys Fostung Tungsten Property
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United States Antimony Buys Fostung Tungsten Property
Jun 27, 2025 5:56 AM

08:39 AM EDT, 06/27/2025 (MT Newswires) -- United States Antimony ( UAMY ) said Friday it has acquired full ownership of Fostung Property, which includes 50 single-cell mining claims covering 1,114 hectares near Sudbury, Ontario, Canada.

The total purchase price for the tungsten properties was $5 million in cash, plus a 0.5% net smelter return royalty interest to be shared equally between the sellers, Transition Metals and 1930153 ON, on top of an existing 1% NSR royalty held by a previous owner, according to the company.

Shares of United States Antimony ( UAMY ) were down about 4% in recent premarket activity.

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