United States Antimony Corporation Fostung Project Update

2026-04-10SEC Filing 8-K (0001104659-26-041802)

United States Antimony Corporation (USAC) has provided an operational update regarding its Fostung Project, an intermediate-stage tungsten exploration asset in Ontario, Canada. The company has made available a Technical Report Summary (TRS) prepared by SRK Consulting (Canada), Inc., with an effective date of January 31, 2026. The Fostung Project comprises 50 contiguous mining claims covering 1,109 hectares and hosts a skarn-type tungsten deposit with associated molybdenum, copper, and silver mineralization. The project is owned by UAMY Cobalt Corporation, a wholly owned subsidiary of USAC. The TRS details the project's geology, mineralisation, historical exploration data, and a mineral resource estimate. The report indicates an Inferred Mineral Resource of 14,770,000 tonnes at a grade of 0.17% WO3, totaling 54,170,000 lbs of WO3, reported within a conceptual open pit. SRK recommends a comprehensive technical work program, including further drilling, sampling, and metallurgical testing, with an estimated cost of US$4,000,000 to advance the project to a preliminary economic assessment stage. The company also includes a cautionary note regarding forward-looking statements, highlighting the inherent risks and uncertainties in exploration and development activities.

Ticker mentioned:UAMY