United States Antimony Corporation (UAMY) has completed the acquisition of 100% ownership interest in the Fostung Properties.
The total purchase price for the tungsten properties was $5 million in cash by United States Antimony Corporation (UAMY).
Mr. Joseph Bardswich, P. Eng., Executive Vice President and Chief Mining Engineer for United States Antimony Corporation, stated that this first significant acquisition of a tungsten deposit aligns with the company’s policy of targeting mineral deposits that can be developed quickly and inexpensively.