United States Antimony Corporation (UAMY) announced its Board of Directors has authorized a new share repurchase program for up to $100 million of its common stock. The company stated the decision was made because the board believes the stock is currently undervalued.
Key Details
- Program Size: Authorized to repurchase up to $100 million of the company's outstanding common stock.
- Execution: Repurchases may be made through open-market transactions, privately negotiated transactions, or via Rule 10b5-1 trading plans, depending on market conditions.
- Terms: The program has no fixed expiration date, does not obligate the company to acquire any specific number of shares, and may be suspended or discontinued at any time.