04:18 AM EDT, 10/20/2025 (MT Newswires) -- United States Antimony ( UAMY ) said Sunday it submitted a nonbinding proposal to fully acquire Larvotto Resources.

Under the proposed deal, Larvotto shareholders would receive six United States Antimony ( UAMY ) shares for every 100 Larvotto shares, representing a premium over Larvotto's last equity capital offering and its recent stock trading price ranges.

United States Antimony ( UAMY ) said it recently acquired around 10% of Larvotto's share capital with cash in the open market, likely making it the company's largest shareholder.

Separately, Larvotto said the offer represented a value of 1.40 Australian dollars ($0.91) per share. The company said it will "carefully consider" the offer and provide shareholders a recommendation in due course.

United States Antimony ( UAMY ) shares were up 9.7% in recent premarket activity Monday.