United States Antimony Corporation (UAMY.US) surged before the market opened! It plans to acquire all shares of Australian mining company Larvotto to strengthen its key mineral portfolio.

United States Antimony Corporation (UAMY.US) announced that it has submitted a non-binding, confidential proposal to acquire 100% of the shares of Larvotto Resources Limited through an agreement arrangement in Australia. The acquisition will be made through a stock swap, with Larvotto shareholders receiving 6 shares of United States Antimony Corporation for every 100 shares of Larvotto. This offer represents a significant premium over Larvotto's recent market performance. The acquisition aims to integrate the strengths of both companies in key mineral resources and antimony production capabilities. The success of the transaction is still subject to the signing of a final agreement and obtaining all necessary regulatory approvals. In response to this news, United States Antimony Corporation's stock surged over 14% in pre-market trading on Monday. Larvotto is involved in exploration and evaluation of mineral resource projects in New South Wales, Western Australia, Queensland, and New Zealand. Its project portfolio includes the Hillgrove gold antimony project, the Issa Mountain copper project, the Okakuri project, and the Al project.