United States Antimony Forms Joint Venture with Americas Gold and Silver
United States Antimony (UAMY) announce a new Joint Venture together with Americas Gold and Silver Corporation (USAS) to construct a new state-of-the-art hydromet processing facility on lands being contributed to the JV located immediately adjacent to Americas active silver, copper, and antimony mines. The ownership of the JV is 51% Americas and 49% US Antimony, with US Antimony serving as the managing member. All major decisions will be decided by a newly formed committee of equal representation from both JV partners. The primary goal of this new relationship is greater control over the processing necessary for the three primary critical minerals being mined by Americas now and into the future. The common goal is to generate greater overall recoveries at a significantly lower cost to all parties, which in-turn improves profitability for the JV. This new project becomes the first-of-its-kind commercial-scale hydromet processing center located in North America, where UAMY has an exclusive license for this technology. The property in Idaho where the new hydromet facility will be constructed already has obtained all the necessary primary permits, with the exception of the construction permits. This accomplishment by Americas significantly improves our timeline by allowing for immediate construction plans which are now underway. The most significant permits obtained are as follows: IDEQ Idaho Pollutant Discharge Elimination System which is essentially the Discharge permit; IDEQ Stormwater to operate the tailings facility; and IDWR Dam Safety Certificate to operate the tailings facility.
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- Congress Briefing Schedule: Secretary of State Marco Rubio is set to brief congressional leaders on the Iran war on Monday afternoon, while the Secretary of Defense and CIA Director will hold an all-Congress briefing on Tuesday, indicating the government's serious attention to the situation.
- Consequences of Military Action: The strikes against Iran resulted in the death of Supreme Leader Khamenei, prompting Democratic lawmakers to question the legality of the military action and demand intelligence to justify the U.S. preemptive strikes.
- Bipartisan Concerns: Both parties in Congress have expressed concerns over the military action, with Democrats vowing to push for votes this week to limit President Trump's authority for further attacks on Iran, reflecting deep apprehension about the future situation.
- Lessons Not Learned: House Intelligence Committee Democrat Jim Himes noted that military actions rarely end well and warned that conflict with Iran could spiral out of control, showcasing strong opposition to current policies.
- Joint Condemnation: China and Russia have strongly condemned the US and Israeli strikes on Iran, yet they have stopped short of pledging military or civilian support, highlighting the limitations of their strategic partnership with Tehran.
- Call for Diplomatic Dialogue: Both nations reiterated their call for an immediate ceasefire and a return to diplomatic dialogue to resolve conflicts, reflecting their concern for regional stability but lacking concrete actions.
- Economic Interests Consideration: China's restrained support for Iran indicates a prioritization of its relationship with the US, suggesting strategic priorities in international affairs that may influence upcoming high-level talks between the two nations.
- Russia's Strategic Observation: With its military stretched due to the war in Ukraine, Russia may adopt a wait-and-see approach regarding Iran, fearing the loss of influence in the Middle East, particularly as Iran serves as a vital military and economic partner.
- Condemnation of US-Israel Strikes: Chinese Foreign Minister Wang Yi and Russian Deputy Foreign Minister Sergey Ryabkov condemned the US and Israeli attacks on Iran, labeling them as violations of international law, yet refrained from committing military support, highlighting the strategic limitations of their partnership regarding Iran.
- China's Priority on US Relations: Analysts suggest that while China condemns the US actions, it prioritizes maintaining relations with the US, with expectations for a high-level meeting between President Trump and President Xi to proceed, potentially seeking concessions on issues like trade and Taiwan in exchange for a softer stance on Iran.
- Russia's Strategic Concerns: Despite condemning the attacks, Russia's capacity to influence the Middle East is waning due to its ongoing war in Ukraine, making Iran's stability crucial for Moscow to avoid losing another regional ally, following Syria's regime change.
- Impact on Oil Prices: Fears of a major global supply disruption due to the Iran conflict led to an over 8% rise in oil prices, prompting OPEC+ countries to announce an increase in production by 206,000 barrels per day, which benefits Russia but also indicates market sensitivity to geopolitical tensions.
- Iranian Leader Killed: The joint U.S.-Israel airstrike resulting in the death of Iran's Supreme Leader Khamenei complicates President Trump's upcoming trip to China, particularly against the backdrop of fragile U.S.-China relations, as analysts suggest.
- China's Response: China's Foreign Ministry condemned Khamenei's killing as a grave violation of Iran's sovereignty and security, urging an immediate ceasefire, which indicates Beijing's dissatisfaction with U.S. actions and concern for regional stability.
- Market Expectation Shift: According to Polymarket, expectations for Trump's visit to China by March 31 plummeted from 83.9% on February 21 to 42%, while the likelihood of a visit by April 30 remains high at 81%, reflecting increasing uncertainty in the market regarding Trump's travel plans.
- Business Environment Challenges: Prior to the Iran incident, many American CEOs were already hesitant to accompany Trump to China, and the current situation exacerbates challenges for business leaders in navigating plans for deals, potentially impacting future economic cooperation.
- Escalation of Conflict: The U.S.-Israel military strikes against Iran have entered their third day, resulting in the assassination of Iran's Supreme Leader Khamenei, which triggered retaliatory missile and drone attacks from Iran, leading to over 200 civilian deaths and increasing uncertainty in the global economy.
- Market Reaction: Concerns over potential oil supply disruptions have driven U.S. crude prices up more than 8% to $72.57 per barrel, while Brent crude rose about 9% to $79.41, with precious metals like gold and silver climbing around 2% as investors seek safe-haven assets amid rising geopolitical tensions.
- Legal Controversy of U.S. Military Action: The U.S. Congress has not authorized military action against Iran, and a senior advisor at the International Crisis Group noted that President Trump's attack lacks legal justification, raising the risk for U.S. forces in the region due to its unprecedented scale.
- Global Reactions: China and Russia have strongly condemned the U.S. and Israeli military actions, calling for an immediate ceasefire, while U.S. allies expressed support for the strikes, emphasizing their right to defend their citizens and sovereignty, highlighting the international community's divided stance on the situation.
- Assassination of Iranian Leader: The U.S.-Israel joint strikes resulted in the assassination of Iran's Supreme Leader Ayatollah Khamenei, triggering retaliatory missile and drone attacks from Tehran against U.S. military bases in Gulf nations, leading to over 200 civilian casualties in Iran and escalating regional tensions significantly.
- Surge in Oil Prices: In response to fears of a major disruption in energy supplies, Brent crude oil prices surged approximately 9% to $79.41 per barrel, while U.S. crude rose over 8% to $72.57, indicating the immediate impact of geopolitical risks on global energy markets and potential inflationary pressures.
- Equity Market Pullback: Following the escalation of conflict, U.S. equity markets experienced a pullback, with S&P 500 futures declining by 1% and Dow Jones futures dropping 521 points, reflecting investor anxiety over economic stability amid ongoing geopolitical uncertainties in the Middle East.
- Divergent Global Reactions: Global leaders have reacted differently to the U.S.-Israel military actions, with Western nations largely supporting the strikes while China and Russia condemned them, calling for an immediate ceasefire, highlighting the deep divisions in international responses to Middle Eastern conflicts and the potential for diplomatic crises.








