U.S. Antimony Increases Mill Capacity by 50 Percent
THOMPSON FALLS, Mont.--(BUSINESS WIRE)-- United States Antimony Corporation ("USAC", NYSE MKT "UAMY") reported the start up of an antimony oxide mineral circuit at its Puerto Blanco antimony flotation mill located in Guanajuato, Mexico which increases its milling capacity from 150 tons per day to 225 tons per day. With the exception of USAC's Los Juarez property, most antimony properties in Mexico contain oxide or mixed oxide-sulfide minerals. The sulfide minerals are recovered by flotation, but the oxide minerals must be recovered by gravimetric methods.
The Guadalupe, Guadalupana, and Soyatal properties contain large tonnages of oxidized dump material that are currently being fed to the oxide circuit. USAC has an option to purchase Guadalupe and is currently exercising its option to purchase Soyatal, the third largest producer of antimony in Mexico during World War II.
U.S. Antimony Corporation is a rapidly growing and vertically integrated producer of antimony-silver-gold from its Los Juarez property and other properties in Mexico and around the world, and zeolite from Idaho.
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.
United States Antimony Corporation
John Lawrence, 406-827-3523
KEYWORDS: United States North America Montana
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