United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”) reported
record antimony and zeolite production for November 2015 and expansion
plans as follows:
ANTIMONY PRODUCTION
The production of antimony as metal and oxide during October and
November of 2015 was 472,756 pounds compared to 425,351 pounds for the
entire 4th quarter of 2014.
AUSTRALIAN SUPPLY OF ANTIMONY AND GOLD
At the end of November, there were 6 full containers of Australian
concentrates in inventory at Madero and 24 in transit from Australia
scheduled to deliver before the end of 2015. In total, this represents
600 metric tons of concentrate with approximately 677,000 pounds of
antimony and 420 ounces of gold. Additionally at Madero there is another
630 ounces of unprocessed gold in inventory. At the Madero smelter in
Coahuila, Mexico, the large furnace (“LRF”) is being fed concentrates
and has freed up 15 smaller furnaces (“SRFs”) to process USAC smelter
feed and gold. Four truckloads of finished metal have been shipped
directly to customers in the United States. Currently, the plant is
processing approximately 170 metric tons per month.
LOS JUAREZ GOLD AND SILVER PLANT.
The infrastructure for a gold and silver recovery circuit at Madero is
being installed to process Los Juarez concentrates. A permit for a
cyanide leach circuit at the flotation mill at Puerto Blanco in
Guanajuato to recover gold and silver from the flotation tailings could
be approved by the end of Q1, 2016.
ANTIMONY TRI-SULFIDE.
The high-grade Guadalupe antimony tri-sulfide (stibnite) concentrates
will be used to make the U.S. Military (“Mil”) specification tri-sulfide
containing 70.5% antimony. USAC can use the facility at Thompson Falls
to produce the product and has tested the plant on foreign raw materials
that were shipped for commercial use. The product is used to make
primers for ordnance sought by the U.S. Department of Defense and other
countries. The market for tri-sulfide antimony is expected to be
approximately double the price of that being sold as oxide and metal.
Currently the only source of the product is China. The Company is also
exploring a market for a 68% antimony tri-sulfide product for brake
linings.
ZEOLITE.
Bear River Zeolite has sold 3,692 tons of zeolite for a total of
$708,881 during October and November of 2015 compared to a total of
3,063 tons sold for $559,157 for the entire quarter of 2014. The new
sales have come from a variety of applications. The mine is benefiting
from good prices and increased production rates.
USAC is a fully integrated producer of a large number of diversified
products for major U.S. and foreign Companies.
CEO John Lawrence said that “The record antimony and zeolite sales and
expansion plans are designed to increase revenue and insulate USAC from
the depressed commodity market. In addition, USAC has no bank debt other
than minor equipment purchases and is internally funding the startup of
gold and silver production from Los Juarez.”
Forward Looking Statements:
This Press Release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934 that are based upon current
expectations or beliefs, as well as a number of assumptions about future
events, including matters related to the Company's operations,
pending contracts and future revenues, ability to execute on its
increased production and installation schedules for planned capital
expenditures and the size of forecasted deposits. Although the Company
believes that the expectations reflected in the forward-looking
statements and the assumptions upon which they are based are reasonable,
it can give no assurance that such expectations and assumptions will
prove to have been correct. The reader is cautioned not to put undue
reliance on these forward-looking statements, as these statements are
subject to numerous factors and uncertainties. In addition, other
factors that could cause actual results to differ materially are
discussed in the Company's most recent filings, including Form 10-KSB
with the Securities and Exchange Commission.
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