Current Report Filing (8-k)
August 06 2021 - 12:07PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 2,
2021
UNITED STATES ANTIMONY CORPORATION
(Exact name of registrant as specified in its charter)
Montana
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001-08675
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81-0305822
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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47 Cox Gulch, P.O. Box 643
Thompson Falls, Montana 59873
(Address of Principal Executive Offices)
(406) 827-3523
(Registrant’s telephone number, including area
code)
Former
name or former address, if changed since last report: Not
Applicable
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the
Act:
Title
of each class
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Trading
Symbol(s)
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Name of
each exchange on whichregistered
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Common
Stock, $0.01 par value
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UAMY
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NYSE
American
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Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (17 CFR
§230.405) or Rule 12b 2 of the Securities Exchange Act of 1934
(17 CFR §240.12b 2).
Emerging
growth company ☐
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 5.07. SUBMISSION OF MATTERS TO A VOTE OF SECURITY
HOLDERS.
On
August 2, 2021, United States Antimony Corporation (the
“Company”) held its Annual Meeting of Stockholders (the
“Annual Meeting”). The record date for stockholders
entitled to notice of, and to vote at, the Annual Meeting was June
7, 2021. At the close of business on that date, the Company had
106,253,081 shares of common stock, 177,904 shares of Series C
preferred stock, and 1,751,005 shares of Series D preferred stock
issued and outstanding and entitled to be voted at the Annual
Meeting. At the Annual Meeting, two proposals were submitted to the
Company’s stockholders. The proposals are described in more
detail in the Company’s definitive proxy statement filed with
the U.S. Securities and Exchange Commission on June 21, 2021. The
final voting results were as follows:
Proposal 1
The Company’s stockholders elected the following directors to
serve for a term expiring at the 2021 Annual Meeting. The voting
results are set forth below:
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Votes For
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Votes Withheld
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Broker Non-Votes
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Affirmative Voted
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Hartmut
W. Baitis
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55,953,478.00
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1,799,729.00
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2,955,878.00
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96.88%
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Russell
C. Lawrence
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57,646,335.00
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106,872.00
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2,955,878.00
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99.81%
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Lloyd
Joseph Bardswich
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57,593,541.00
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159,666.00
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2,955,878.00
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99.72%
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Blaise
Aguirre, MD
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52,826,814.00
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4,926,393.00
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2,955,878.00
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91.47%
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Proposal 2
The
Company’s stockholders ratified the selection of Assure CPA,
LLC as the Company’s independent registered public accounting
firm for the years ending December 31, 2020 and 2021. The voting
results are set forth below.
Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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Affirmative Voted
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60,596,351.00
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68,347.00
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44,387.00
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0.00
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99.81%
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ITEM 8.01. OTHER EVENTS
The
following statements were made by management at the Annual Meeting,
which statements management determined to be materially significant
for the Company:
1.
We have solicited
interest for potential partnership with a junior mining company
regarding the exploration of the Los Juarez property. This
solicitation is under review at the present time.
2.
We have purchased
350 tons of antimony ore from our Mexican sources and have
processed 60% of this into crude oxide as well as some into
finished oxide. The processing experiment currently underway has
been promising insofar that it has yielded some percentage of
finished oxide in fewer furnacing steps. Clearly, this represents a
great price margin advantage.
3.
We received two
trisulfide furnaces last week and installation of those is
underway.
4.
The website has
been revised and the USAC portion was published 28 July 2021. The
BRZ portion is under construction.
5.
So far this year we
have sold 671,870 lbs of antimony oxide generating a revenue of
$2,623,889 dollars and for an average sale price of $3.91/lb of
oxide or an equivalent average sale price of $4.71/lb antimony.
Antimony prices have come up again, remained high, though volatile.
We are sold out until late October at current smelting labor
capacity. We are increasing our capacity at our Mexican smelter
where labor is not a problem.
6.
So far this year we
have sold 5,778 tons of zeolite generating a revenue of $1,235,170
dollars and for an average sale price of $213.77/ton. Gretchen
Lawrence, our sales director for zeolite has done miracles keeping
customers happy during the installation of the new hammermill,
increasing and unifying our prices as a function of product size
and between customers, obtaining new customers, and coordinating
trucks. Additionally, our team of labor at BRZ has performed
excellently.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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UNITED
STATES ANTIMONY CORPORATION
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August 2,
2021
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By:
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/s/
John
Gustavsen
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John
Gustavsen
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Interim Chief
Executive Officer
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