Exhibit 10.48

                           GRANT OF PRODUCTION ROYALTY

     Bear  River  Zeolite  Company,  Inc., an Idaho corporation, Preston, Idaho,
grants to Delaware Royalty Company, Inc., production royalty of two percent (2%)
("Royalty")  to  be  paid to Delaware Royalty Company, Inc., as provided herein.

1.     CONSIDERATION.
As  consideration  for  this  royalty,  Delaware  Royalty  Company,  Inc.
("Delaware")  shall  pay Bear River Zeolite Company, Inc. ("Bear River") the sum
of  One  Hundred Fifty Thousand Dollars ($150,000.00) upon the execution of this
Agreement.

2.     ROYALTY  CALCULATION.
(a)     Bear River agrees to pay Delaware a two percent (2%) royalty on all
zeolite ore extracted and sold from the real property known as Webster Farm, and
more particularly described in the Lease attached hereto and incorporated herein
as  Exhibit  A and any and all adjacent zeolite mining claims including, without
limitation,  any and all leases and claims now existing or hereafter acquired by
Bear  River  or  its  successors  or  assigns located in Franklin County, Idaho.

(b)     Such  royalty  payable  to  Delaware shall be due and paid at the end of
each  quarter  and  shall be calculated on the gross sales proceeds from zeolite
shipped and sold during the preceding quarter, less shipping costs and customary
discounts.  At  the  time  of  making  each payment of Royalty, Bear River shall
transmit  to  Delaware,  a  statement  of the amount of zeolite ore sold for the
period  for which the quarterly Royalty is then paid.  Such Royalty shall not be

GRANT OF PRODUCTION ROYALTY-1

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paid  later  than thirty (30) days of the month following the end of the quarter
when  the  Royalty  is  due.

(c)     The  Royalty shall be calculated on the basis of the gross proceeds from
the  sale  of  zeolite  ore  produced,  mined  and  milled from the Webster Farm
property  and any and all adjacent zeolite mining claims within Franklin County,
Idaho.  Shipping  costs  and  customary  discounts  shall not be included in the
calculation  of  gross  proceeds  of  zeolite  ores  sold.

(d)     The  Delaware  Royalty  is  pari-passu  with  the pre-existing royalties
payable  to  Webster  Farms,  Nick  Raymond,  and  George  Desborough.

3.     ENTIRE  AGREEMENT.
This  Royalty  Agreement  constitutes  the  entire  agreement  between  the
parties,  and  the  parties  represent  that  there  are  no  other  agreements,
representations, conditions, or understandings between them.  This Agreement may
not  be  modified  except  by  a  writing  signed  by  the parties.  The parties
expressly agree that this Agreement may not be modified by any waiver, estoppel,
or  course  of  conduct  by  the  parties.

4.     BINDING  EFFECT.
This  Agreement and all of its provisions and any attached documents extend
to  and  are  binding  on  the  heirs,  executors, administrators, successors or
assigns  of  the  parties  hereto.

5.     ASSIGNMENT.
This  Agreement may be assigned or transferred.  At least fifteen (15) days
prior to any such transfer or assignment, the assigning Party shall provide with
notice  to  the  other  party  of its intent to assign or transfer it rights and
obligations  under  this  Grant  of Production Royalty.

GRANT OF PRODUCTION ROYALTY-2

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Upon such a transfer or assignment,  the  rights,  duties,  and  obligations
shall  be binding upon the assignee  or  transferee.

6.     APPLICABLE  LAW.
The laws of the state of Idaho shall govern the interpretation of the terms
of  this  Agreement  and  the  parties'  performance  of  this  agreement.

7.     CAPTIONS.
The  subject  headings of the section and subsections of this Agreement are
included  for purposes of convenience only and shall not affect the construction
of  any  of  its  provisions.

8.     AUTHORITY  TO  BIND.
Each  person  executing  this Agreement hereby warrants that the person has
full  and  legal  authority  to  execute this Agreement for and on behalf of the
respective  corporation  and  to  bind  such  corporation.

9.     FORCE  MAJEURE.
Bear River shall not be liable under this Agreement for delays, damages, or
lack of production due to strike, accidents, fire, delays of carriers, delays in
manufacturing,  acts  of  God,  acts of war, adverse market conditions, or other
causes beyond the control of Bear River whether or not similar to the enumerated
causes.

10.     VENUE.
Any action brought to enforce any term or provision of this Agreement shall
be  in  a  court  of  competent  jurisdiction  within  the  state  of  Idaho.

GRANT OF PRODUCTION ROYALTY-3

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11.     INSPECTION.
Delaware  has  had the opportunity to inspect the mine and plant of BRZ and
is  familiar  with the reserves of the zeolite deposit, and is familiar with the
market  for  zeolite  in  North  America.

12.     EFFECTIVE  DATE.
The  effective  date  of  this  Agreement  is  June  1,  2002.

13.     BOOKS  OF  PRODUCTION.
Bear River shall keep books of production and shipping the zeolite ore, and
shall be open at reasonable times for the inspection by Delaware for the purpose
of  comparing  and  verifying  royalty  statements  as  rendered.

14.     REPRESENTATION.
Bear  River  and  its  parent  company, United States Antimony Corporation,
hereby  represent  and verify (i) that Bear River has the requisite authority to
grant  the Royalty to Delaware and (ii) that Bear River has good and valid title
and  interest  in  and  to  the leases and claims herein described and which are
covered  by  this  Grant  of  Production  Royalty.

GRANT OF REPRODUCTION ROYALTY-4

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By  signing  this  Agreement,  Bear  River and Delaware agree to be bound by its
provisions.


BEAR  RIVER  ZEOLITE  COMPANY,  INC.
By:/s/ John C. Lawrence
-----------------------
Name:  John  C.  Lawrence
Title:  President

UNITED  STATES  ANTIMONY  CORPORATION
By:/s/ John C. Lawrence
-----------------------
Name:  John  C.  Lawrence
Title:  President

DELAWARE  ROYALTY  COMPANY,  INC.
By:/s/ Al W. Dugan
   ---------------
Name: Al W. Dugan
Title:  President

GRANT OF PRODUCTION ROYALTY-5

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STATE  OF  MONTANA       )
                         )  ss.
County  of  ____________ )

     On  this  _____  day  of  __________,  2002,  before  me,
_____________________________, a Notary Public in and for said State, personally
appeared John C. Lawrence, known or identified to me to be the President of BEAR
RIVER ZEOLITE COMPANY, INC., the corporation that executed the within instrument
or  the  person  who  executed the instrument on behalf of said corporation, and
acknowledged  to  me  that  such  corporation  executed  the  same.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day  and  year  in  this  certificate  first  above  written.

--------------------------------------------------------
Notary  Public  for  Montana
Residing  at
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My  commission  expires
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STATE  OF  MONTANA       )
                         )  ss.
County  of  ____________ )

     On  this  _____  day  of  __________,  2002,  before  me,
_____________________________, a Notary Public in and for said State, personally
appeared  John  C.  Lawrence,  known  or identified to me to be the President of
UNITED  STATES  ANTIMONY  CORPORATION,  the corporation that executed the within
instrument  or  the  person  who  executed  the  instrument  on  behalf  of said
corporation,  and  acknowledged  to  me that such corporation executed the same.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day  and  year  in  this  certificate  first  above  written.

--------------------------------------------------------
Notary  Public  for  Montana
Residing  at
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My  commission  expires
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GRANT OF PRODUCTION ROYALTY-6

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STATE  OF  TEXAS       )
                       )  ss.
County  of  _________  )

     On  this  _____  day  of  __________,  2002,  before  me,
_____________________________, a Notary Public in and for said State, personally
appeared _____________________, known or identified to me to be the President of
DELAWARE  ROYALTY  COMPANY,  INC.,  the  corporation  that  executed  the within
instrument  or  the  person  who  executed  the  instrument  on  behalf  of said
corporation,  and  acknowledged  to  me that such corporation executed the same.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day  and  year  in  this  certificate  first  above  written.

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Notary  Public  for  Texas

Residing  at
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My  commission  expires
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GRANT OF PRODUCTION ROYALTY-7