Antimony

United States Antimony Corporation (USAC) proposed acquiring Larvotto Resources via a scheme of arrangement, offering 6 USAC shares per 100 Larvotto shares. USAC also disclosed a ~10% ownership stake in Larvotto. The non-binding proposal is subject to Larvotto shareholder and regulatory approvals. The combination aims to scale antimony and critical minerals production outside China. While the proposal is an actionable takeover attempt, completion is conditional on a binding agreement, approvals, and successful integration.