secwatch.observer — SEC 8-K summary
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Issuer:     UNITED STATES ANTIMONY CORP (UAMY)
CIK:        0000101538
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0001654954-24-002910
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

U.S. Antimony discontinues all Latin American ops; shuts Madero smelter and Puerto Blanco mine
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- Board approved immediate discontinuation of USAMSA subsidiary on March 11, 2024.
- Madero smelter in Coahuila and Puerto Blanco mine in Guanajuato to be closed; majority of employees terminated.
- USAMSA had cumulative negative cash flow since inception with no prospect of improvement.
- Company plans to sell or lease USAMSA assets; no cost estimates available yet.
- Chairman cites new Mexican mining laws, cartel disruptions, unpaid Mexican government taxes > $1M as factors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101538/000165495424002910/0001654954-24-002910-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101538/000165495424002910/uamy_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-002910

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