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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 SsdewlLr5+okHJoAGqPRqJ20q4xIGeMqC5gY4LRiLpBV8h0z1hY8J3Cja+p7gKR1
 xxAgQ2YFtdkjX0LPkE+UNQ==

<SEC-DOCUMENT>0001209191-04-002161.txt : 20040108
<SEC-HEADER>0001209191-04-002161.hdr.sgml : 20040108
<ACCEPTANCE-DATETIME>20040108155542
ACCESSION NUMBER:		0001209191-04-002161
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031222
FILED AS OF DATE:		20040108

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			DUGAN AL W
		CENTRAL INDEX KEY:			0001173223

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08675
		FILM NUMBER:		04515547

	BUSINESS ADDRESS:	
		STREET 1:		1415 LOUISIANA ST
		STREET 2:		STE 3100
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNITED STATES ANTIMONY CORP
		CENTRAL INDEX KEY:			0000101538
		STANDARD INDUSTRIAL CLASSIFICATION:	PRIMARY SMELTING & REFINING OF NONFERROUS METALS [3330]
		IRS NUMBER:				810305822
		STATE OF INCORPORATION:			MT
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 643
		CITY:			THOMPSON FALLS
		STATE:			MT
		ZIP:			59873
		BUSINESS PHONE:		4068273523

	MAIL ADDRESS:	
		STREET 1:		PO BOX 643
		CITY:			THOMPSON FALLS
		STATE:			MT
		ZIP:			59873-0643

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AGAU MINES INC
		DATE OF NAME CHANGE:	19740728
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>boh11764_1awd.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0201</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-12-22</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000101538</issuerCik><issuerName>UNITED STATES ANTIMONY CORP</issuerName>        <issuerTradingSymbol>UAMY</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001173223</rptOwnerCik><rptOwnerName>DUGAN AL W</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>10000 LOUISIANA</rptOwnerStreet1><rptOwnerStreet2>SUITE 3100</rptOwnerStreet2><rptOwnerCity>HOUSTON</rptOwnerCity><rptOwnerState>TX</rptOwnerState><rptOwnerZipCode>77002</rptOwnerZipCode><rptOwnerStateDescription></rptOwnerStateDescription></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><derivativeTable><derivativeTransaction><securit
yTitle><value>Warrant to Purchase Common Shares</value></securityTitle><conversionOrExercisePrice><value>0.20</value></conversionOrExercisePrice><transactionDate><value>2003-12-22</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>P</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>1</value></transactionShares><transactionPricePerShare><value>0</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2003-12-22</value></exerciseDate><expirationDate><value>2008-12-22</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>common stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>2000000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>11</value><footnoteId id="F1" /></share
sOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>By Delaware Royalty Company, Inc.</value></natureOfOwnership></ownershipNature></derivativeTransaction><derivativeTransaction><securityTitle><value>Promissory Note Convertible into Common Shares</value></securityTitle><conversionOrExercisePrice><value>0.20</value></conversionOrExercisePrice><transactionDate><value>2003-12-22</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>P</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>1</value></transactionShares><transactionPricePerShare><value>250000</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2003-12-22</value></exerciseDate><expirationDate><value>2008-01-21</va
lue></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>common stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>1250000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>1</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>By Delaware Royalty Company, Inc.</value></natureOfOwnership></ownershipNature></derivativeTransaction></derivativeTable><footnotes><footnote id="F1">The Warrant to Purchase Common Shares listed above was issued by United States Antimony Corporation in connection with the Reporting Person's purchase of the Convertible Promissory Note reported on this Form 4.  The Reporting Person currently holds ten (10) other warrants to purchase an aggregate (two (2) indirectly through Delaware Royalty Trust, Inc.) to purchase up to an aggregate 1,059,051 shares of Commo
n Stock at an Exercise Price ranging from $0.20 to $0.41 as reported on the Reporting Person's Form 3 filed on May 9, 2002.</footnote></footnotes><ownerSignature><signatureName>/s/ Al W. Dugan</signatureName><signatureDate>2003-12-29</signatureDate></ownerSignature></ownershipDocument>

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