Americas Gold and Silver and United States Antimony have formed a joint venture to build an antimony processing plant in Idaho, US. The facility will be located at Americas’ Galena Complex. Americas will supply antimony feedstock, with the option to process material from other sources. The JV structure involves Americas holding 51% and US Antimony owning 49%.

The agreement aims to boost domestic antimony production, declared critical for national security. The JV partnership includes a governance structure with a six-member management committee split equally between the companies. US Antimony will oversee operations and leverage its market expertise, potentially securing agreements with the US Government.

After an 18-month construction timeline, either company can buy or sell interests under specific conditions. Americas has the option to purchase US Antimony’s interests at fair market value or 120% of its capital contributions in certain situations. Conversely, US Antimony can sell its interests to Americas at fair market value or 100% of its capital contributions, choosing the higher amount.

US Antimony recently completed a comprehensive review of its expansion strategy for the only operational antimony smelter in the US. This partnership aims to accelerate advancements in the US-based critical mineral space, aligning with both companies’ growth initiatives and national security priorities.

Read more at Yahoo Finance: Americas Gold and Silver, US Antimony form JV for Idaho facility