US Antimony CEO John Gustavsen resigns from role

United States Antimony Corporation announced changes with the executive level management of the Company. These executive management changes are effective March 1, 2024. John Gustavsen has been appointed President of the Company’s Antimony Division and he has relinquished his title as CEO of U.S. Antimony Corporation. The Company is continuing its operations and business activities in Thompson Falls, Montana, where Mr. Gustavsen resides. This location is the only North American producer of Antimony products, including antimony oxide, antimony metal, and antimony tri-sulfide. Antimony is used in munitions, flame retardants, semiconductors, and batteries. Mr. Gustavsen is considered one of the nation’s leading experts in the field of Antimony. The Board of Directors has asked two existing board members to serve as Co-CEOs while the company continues to streamline its business, rid itself of unprofitable operations, and pursue certain expansion efforts which may include acquisitions. The new positions are as follows: Joe Bardswich – Co-CEO & Director; Gary C. Evans – Co-CEO & Chairman of the Board. Neither Mr. Bardswich nor Mr. Evans are receiving any cash compensation for their new roles at the Company. However, the Board has granted them time-based equity compensation, which was awarded at the Company’s stock price on the grant date.