Larvotto Resources Receives Takeover Proposal from U.S. Antimony Corporation

Key Highlights:

• U.S. Antimony Corporation submits non-binding proposal to acquire 100% of Larvotto Resources
  
   
• Proposal offers six USAC shares for every 100 Larvotto shares
  
   
• Combined group would be among the largest antimony producers outside China
  
   
• Larvotto’s key projects include Hillgrove Antimony-Gold, Mt Isa, and Eyre multi-metals
  
   

Larvotto Resources Ltd (ASX: LRV) announced that it has received a confidential, non-binding indicative proposal from United States Antimony Corporation (NYSE: UAMY) to acquire 100% of its issued share capital, marking a potential transformative moment in the global antimony supply chain.

Under the indicative proposal, Larvotto shareholders would receive six UAMY shares for every 100 Larvotto shares, representing a premium to the company’s recent trading prices and its July 2025 capital raise.

USAC, listed on the NYSE American and NYSE Texas exchanges under ticker UAMY, has also acquired around 10% of Larvotto’s issued capital on-market, positioning itself as Larvotto’s largest single shareholder.

A Strategic Move in the Critical Minerals Race

The proposed merger would create one of the largest antimony producers outside China, aligning with both Australia’s and the United States’ growing emphasis on critical minerals independence. UAMY is a leading North American processor of antimony, zeolite, and precious metals, operating facilities in Montana, Mexico, and Idaho.

Commenting on the proposal, UAMY Chairman and CEO Gary C. Evans said the move underscores their ambition to establish a world-class player in the critical minerals sector.

The proposal remains subject to negotiation, execution of a binding scheme implementation deed, shareholder approval, and regulatory clearance.

Who Is USAC?

$UAMY STOCK CHART (1-year Stock price chart), Source: YahooFinance

Founded in the U.S. with operations extending into Canada and Mexico, United States Antimony Corporation is a long-established name in antimony oxide, metal, and trisulfide production, essential in applications ranging from flame retardants and batteries to ammunition and electronics.

UAMY’s diversification into zeolite mining also supports environmental applications like water filtration, gas separation, and nuclear waste treatment — expanding its footprint in the clean-tech ecosystem.

$UAMY United States Antimony Corporation Submits Indicative Proposal to Acquire 100% of Larvotto Resources Limited Located in Australiahttps://t.co/RqpPEnFVi8

— United States Antimony Corporation NYSE: UAMY (@NYSE_UAMY) October 20, 2025

Larvotto’s Growing Portfolio

For Larvotto, the proposal highlights the growing recognition of its strategic assets across Australia, including:

• Hillgrove Antimony-Gold Project (NSW): A key site with advanced-stage exploration targeting gold and critical antimony deposits.
  
   
• Mt Isa Copper-Gold-Cobalt Project (QLD): Situated adjacent to the Mt Isa townsite, this project has multi-mineral potential.
  
   
• Eyre Multi-Metals and Lithium Project (WA): Located 30 km east of Norseman, the Eyre project expands Larvotto’s exposure to energy-transition metals.
  
   

The company’s board comprises experienced miners, financiers, and ESG specialists, maintaining a strong focus on sustainable development and value creation.

Market Reaction

Following the announcement, Larvotto’s shares (ASX: LRV) traded higher, up 8.87% to $1.35, with volume exceeding 6.5 million shares.

The company’s market capitalisation now stands at approximately $697 million, reflecting growing investor interest in the antimony sector amid rising geopolitical and supply-chain concerns.

Advisors on the Deal

UAMY has appointed Jett Capital Advisors and Henslow as financial advisors, Ashurst as Australian legal counsel, and Duane Morris LLP as U.S. Legal counsel — underlining the seriousness of its intent.

The Bigger Picture

The proposed combination could reshape the global antimony supply landscape, diversifying production outside China — which currently dominates over 80% of global output. Analysts suggest that such strategic cross-border deals reflect the rising urgency among Western economies to secure critical minerals used in defence, energy storage, and manufacturing.

While the offer is still indicative and non-binding, the potential transaction highlights the increasing value of Australian critical minerals assets and the international appetite for partnership in this emerging sector.