Common Stock

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements

Common Stock

7.     Common Stock

The Company's Articles of Incorporation authorize 60,000,000 shares of $0.01 par value common stock available for issuance with such rights and preferences, including liquidation, dividend, conversion and voting rights, as the Board of Directors may determine.  At September 30, 2011, the number of common shares outstanding and reserved is as follows:

Common shares issued and outstanding	59,349,300
Allocated shares for:
Warrants to purchase common stock	600,000
United States Antimony Corporation 2000 stock plan	500,000
	1,100,000
Total outstanding and reserved	60,449,300
Authorized shares	60,000,000
Number of shares over allocated	(449,300	)

In addition, the Company has shares of Series D stock of 1,751,005 and warrants for purchase of 111,185 shares of Series D stock that is convertible on a one to one basis for shares of common stock.   However, such conversion is subject to the availability of authorized but unissued shares of common stock.

In order to ensure that the number of shares outstanding does not exceed the amount authorized, the Company has no plans on selling additional shares of common stock in the near future and will not authorize any grants under the stock plan.  The Company plans to pursue increasing its authorized shares during the fourth quarter of 2011.