United States Antimony Completes Nolan Creek Technical Report as Mining Begins in Alaska
United States Antimony Corporation has completed a new technical report on its 100% owned Nolan Creek property in northern Alaska and started underground bulk-sample work.
United States Antimony Corporation (NYSE:UAMY; NYSE Texas:UAMY) has completed a new technical report covering the gold-antimony resources at its Nolan Creek property in northern Alaska. The company said the report complies with SEC S-K 1300 Regulations and would be filed with the U.S. Securities and Exchange Commission under Form 8-K.
USAC said the measured and indicated resource value exceeds $314 Million, while the inferred resource value exceeds $125 Million. The company’s stated in situ value for the measured and indicated material is $233.9M from contained antimony and $79.9M from contained gold.
Those values are based on a $4,000/oz gold price and an $8.30/lb antimony price. USAC said they are before mining, transporting and processing costs and before recovery.
The report was prepared by Thomas K. Bundtzen, President of Pacific Rim Geological Consulting, Inc. The company identified him as a Qualified Person under the SEC S-K 1300 Regulations.
The 100% owned Nolan Creek property is approximately 175 miles north of Fairbanks, Alaska. USAC acquired the Nolan Creek BLM Claims through a Trustee's Sale at a public auction on January 30, 2026, and subsequently added Alaskan State Claims covering a wider area.
The company said the previous owner carried out surface and underground exploration more than twenty years ago. In 2006, that owner excavated 570 linear feet of 12 foot x12 foot exploration drifts and crosscuts. According to USAC, the workings intersected three parallel veins containing high-grade antimony, with gold as a secondary metal.
Current planned operations are within the lode claims. USAC said the existing underground workings provide access to the vein structures and may be extended to reach multiple ore faces.
USAC said a third-party contractor began mining operations this month and is excavating an exploration bulk sample of approximately 1,000 tons. Equipment and personnel have been mobilised at the site, with the company stating that the contractor’s goal is to have crews working two shifts daily by the end of October.
The company has also engaged an underground mining geologist to map the geology and help limit dilution of the antimony-gold material. A local Alaskan transportation company has been contracted to move the bulk sample to USAC’s flotation mill in Radersburg, Montana.
USAC said the material is intended to be used to assess the economics and practicality of producing antimony trisulphide that meets military specifications, as well as to address other existing antimony market demands in 2027.
USAC said it plans, in the first half of 2027, to demonstrate that Nolan Creek can meet the name plate mill feed capacity of its Radersburg operation using long hole open stope mining methods. This is a company plan and remains subject to the operational, geological, regulatory, transportation, labour, equipment and weather risks identified in the announcement.
Chairman and CEO Gary C. Evans said the company expects to move approximately 1,000 tons of lode ore from the underground mine to Radersburg, Montana, in preparation for sales during the months of November and December this year. He described the shipment as intended to be USAC’s first antimony delivered from its Alaska exploration work to Montana for processing.
The company identified several risks that could affect its forward-looking statements, including mining and processing conditions, geological or metallurgical factors, the availability and cost of energy, equipment, transportation and labour, permits and regulatory approvals, changes to environmental and mining rules, commodity prices and demand, geopolitical developments, and weather or natural disasters.
United States Antimony and its subsidiaries in the U.S., Mexico, and Canada sell antimony, zeolite and precious metals primarily in the U.S., Mexico, and Canada. Its processing activities include antimony oxide, antimony metal, antimony trisulfide and precious metals.
The company also operates the Bear River Zeolite facility in Idaho, where it mines and processes zeolite. USAC said it acquired mining claims, patented claims and leases in Alaska, Montana and Ontario, Canada beginning in 2024 and continuing in 2025, with the stated aim of reducing purchases of third-party antimony ore and expanding its product offerings.
USAC completed an SEC S-K 1300-compliant technical report on its 100% owned Nolan Creek gold-antimony property in northern Alaska.
The company reported measured and indicated resource value exceeding $314 Million and inferred resource value exceeding $125 Million.
Mining operations began this month, with an exploration bulk sample of approximately 1,000 tons being excavated by a third-party contractor.
USAC intends to transport the sample to its Radersburg, Montana flotation mill for processing and assessment.
The company plans to assess Nolan Creek’s ability to meet its Radersburg mill feed capacity in the first half of 2027, subject to the risks it identified.
United States Antimony Corporation announced the completion of a new Technical Report defining the gold-antimony resources on its 100% owned Nolan Creek Property in northern Alaska. The report is compliant with SEC S-K 1300 Regulations and was authored by Thomas K. Bundtzen, President of Pacific Rim Geological Consulting, Inc., a Qualified Person under those regulations.
United States Antimony Corporation announced the Technical Report on October 26, 2026. The company said the report would be filed with the SEC under a Form 8-K that day.
United States Antimony Corporation reported that the measured and indicated resource value exceeds $314 million and that the inferred resource value exceeds $125 million. The company also said the measured and indicated material has a current insitu value of $233.9M from contained antimony and $79.9M from contained gold, before mining, transporting and processing costs and before recovery.
United States Antimony Corporation's Nolan Creek property is located in northern Alaska, approximately 175 miles north of Fairbanks. The property is 100% owned by the company, and the company said current planned operations are within the lode claims.
United States Antimony Corporation acquired the Nolan Creek BLM Claims through a Trustee's Sale at a public auction on January 30, 2026. The company said it later expanded the claim package by purchasing Alaskan State Claims over the wider area.
United States Antimony Corporation said it is using a $4,000/oz gold price and an $8.30/lb antimony price in considering Nolan Creek's economic potential. The company said the reported insitu values are before mining, transporting and processing costs and before recovery.
United States Antimony Corporation said mining operations began this month, with a third-party contractor excavating an exploration bulk sample of approximately 1,000 tons. The contractor has mobilised equipment and personnel to the site, with the goal of having crews operating two shifts daily by the end of October.
United States Antimony Corporation intends to transport the bulk sample to its flotation mill in Radersburg, Montana. The company said the purpose is to verify the overall economics and practicality of producing antimony trisulphide meeting military specifications and to satisfy other existing antimony market demands in 2027.
United States Antimony Corporation said it plans to demonstrate in the first half of 2027 that the site has the capability to meet its Radersburg, Montana name plate mill feed capacity using long hole open stope mining methods. The statement is a company plan and is subject to the operational, geological, regulatory, transport, labour, equipment and weather risks identified in the release.
Chairman and CEO Gary C. Evans said the company would be moving approximately 1,000 tons of lode ore from the underground mine to its in-house flotation mill in Radersburg, Montana, in preparation for sales during the months of November and December this year. He described the shipment as intended to be the company's first antimony delivered from its exploration efforts in Alaska to Montana for processing.
United States Antimony Corporation said the previous owner excavated 570 linear feet of 12 foot x12 foot exploration drifts and crosscuts in 2006. The company said these workings intercepted three parallel veins of high-grade antimony containing gold as a secondary metal and provide access to the vein structures for modern mobile underground equipment.
United States Antimony Corporation and its subsidiaries in the U.S., Mexico, and Canada sell antimony, zeolite, and precious metals primarily in the U.S., Mexico, and Canada. The company mines, purchases and processes ore into products including antimony oxide, antimony metal, antimony trisulfide and precious metals, and also mines and processes zeolite at its Bear River Zeolite facility in Idaho.
United States Antimony Corporation identifies its shares as trading on NYSE:UAMY and NYSE Texas:UAMY. The release does not provide any other listing venue or ticker symbol.
United States Antimony Corporation processes ore primarily into antimony oxide, antimony metal and antimony trisulfide, as well as precious metals. The release says antimony oxide is used in products including flame-retardant systems, paints, coatings and paper; antimony metal is used in bearings, storage batteries and ordnance; and antimony trisulfide is used as a primer in ammunition.
United States Antimony Corporation identified risks including operational issues in mining and mineral processing, geological or metallurgical conditions, the availability and cost of energy, equipment, transportation and labour, permits and regulatory approvals, environmental and mining laws, commodity prices and demand, geopolitical developments, and weather or natural disasters. The company said these risks could cause actual results to differ materially from forward-looking statements.