United States Antimony and Americas Gold and Silver formed a joint venture with 49% U.S. Antimony ownership to build North America’s first commercial-scale hydromet processing facility in Idaho adjacent to Americas’ mining operations. The facility, managed by U.S. Antimony, holds an exclusive license for hydromet technology and has secured environmental permits with construction permits pending.

Chairman and CEO Gary C. Evans appeared live with Americas CEO Paul A. Huet on Fox Business at 8:30 a.m. ET, discussing the joint venture’s goals to improve metal recoveries, reduce processing costs and advance U.S.-based critical mineral production. The segment highlighted the partnership’s potential to attract government funding and downstream profit opportunities.

The announcement and media coverage propelled United States Antimony shares up 8.63%, reflecting market enthusiasm for the hydromet project and broader strength in critical and precious metals. At the time of writing, shares traded around $8.95, marking the highest intraday gain in several sessions.