UNITED STATES ANTIMONY CORP (UAMY): restructuring charge — U.S. Antimony discontinues Latin America operations; $40K in employee termination costs incurred

UNITED STATES ANTIMONY CORP

Board approved on March 11, 2024 to discontinue all Latin America activities and dispose of USAMSA subsidiary.
As of April 12, 2024, incurred approximately $40,000 in costs for terminating a majority of USAMSA employees.
The company is exiting its entire Latin America operational footprint.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

UNITED STATES ANTIMONY CORP announced a restructuring with charges of approximately $40,000 affecting US Antimony de Mexico, S.A. de C.V. (USAMSA) (termination of a majority of USAMSA's employees).

Type: restructuring
Charge: approximately $40,000
Affected area: US Antimony de Mexico, S.A. de C.V. (USAMSA)
Headcount: termination of a majority of USAMSA's employees

Exact text from the filing

as of April 12, 2024, the Company incurred approximately $40,000 related to the termination of a majority of USAMSA's employees

View on SEC.gov

28 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

UNITED STATES ANTIMONY CORP filing history →

Source: SEC EDGAR

accession 0001654954-24-004776

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.