Warrant No. Series 2000-01Warrant to Purchase 300,000 Common Shares
STOCK PURCHASE WARRANT
(For the Purchase of Shares of a Par Value of $.01 Per Share)
UNITED STATES ANTIMONY CORPORATION
(Incorporated under the laws of the State of Montana)
Void After 9:00 AM on 25 January 2003
This is to certify that, for the value received, Al W. Dugan,1415 Louisiana, Suite 3100, Houston, Texas 77002 is
entitled, subject to the terms and conditions hereinafter set forth, to purchase the number of Unregistered
Common Shares as set forth above, with a par value of $.01 per share, hereinafter called Unregistered Common
Shares, of United States Antimony Corporation, hereinafter called the Company, at an exercise price of $.25 per
share, and to receive a certificate or certificates for the Unregistered Common Shares so purchased, upon
presentation and surrender to the Company, with the form of subscription duly executed, and accompanied by
the payment of the purchase price of each share purchased either in cash or by certified or bank cashier's check
payable to the order of the Company.
The Company covenants and agrees that all shares which may be delivered upon the exercise of this Warrant
will, upon delivery, be free from all taxes, liens and charges, will be fully paid and non-assessable, and the
Company further covenants and agrees that it will from time-to-time take all such action as may be requisite to
assure that the par value per share of the Common Shares is at all time equal to or less than the current Warrant
purchase price per share of the Unregistered Common Shares issuable pursuant to this Warrant.
The purchase rights represented by this Warrant are exercisable at the option of the registered owner hereof in
whole at any time, or in part from time-to-time, within the period above stated, provided, however, that such
purchase rights shall not be exercisable with respect to a fraction of a share of Common Shares.
In case of the purchase of less than all shares purchasable under this warra