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New Tech Lithium Corp ( (TSE:KCLI) ) has provided an update.
United States Antimony Corporation has entered into a $26.25 million purchase agreement with a returning institutional investor through a registered direct offering of common stock. The proceeds will bolster the company’s cash reserves to support pending transactions, critical contracts, and potential expansions, including increasing the capacity of its Madero Smelter in Mexico. This investment, alongside a $245 million contract with the U.S. Defense Logistics Agency, is expected to accelerate USAC’s growth trajectory, reflecting strong confidence in its business strategy.
More about New Tech Lithium Corp
United States Antimony Corporation (USAC) is a leading producer and processor of antimony, zeolite, and other critical minerals, with operations in the U.S., Mexico, and Canada. The company sells antimony, zeolite, and precious metals primarily in the U.S. and Canada, processing third-party ore into products like antimony oxide, antimony metal, and antimony trisulfide.
Average Trading Volume: 171,696
Technical Sentiment Signal: Buy
Current Market Cap: C$19.19M
Find detailed analytics on KCLI stock on TipRanks’ Stock Analysis page.