U.S. Antimony Reports Major Zeolite Plant Expansion
United States Antimony Corporation ("USAC", NYSE MKT "UAMY") reported the following sales for May:
|BRZ zeolite tons||1,538|
|Gold from Australia ounces||54.573|
At the present time, Bear River Zeolite (BRZ), a wholly owned subsidiary of USAC, has current orders for 1,992 tons, of which 822 tons are in progress. BRZ has added another production line to the plant. The new production line should double the production of granular products and fines. Now there are two granular production lines and a third line with a grinding mill that produces very fine products. The demand for all products has increased and the Company is now producing for a large order for water remediation.
The Rotterdam price for antimony metal has remained firm and was quoted at $2.79 per pound on June 1. The increase in prices will begin to impact USAC sales by this month. The production of antimony for May was significantly more than the sales.
Additional equipment has been installed to increase the gold production from Australian concentrates. These additions will facilitate the silver and gold from Los Juarez production in the future. Permits for Los Juarez have been prepared and are expected to be filed in June. Semarnat (Mexican equivalent of the EPA) will have 60 days to respond to them. A significant silver and gold shipment will be made this month from North American sources.
CEO John Lawrence said "the increase in the price of antimony is coming at a time when zeolite sales are surging and the increase in income should help to fund the Los Juarez leach plant to expand silver and gold production."
About U.S. Antimony
US Antimony is a growing, vertically-integrated natural resource company that has production and diversified operations in precious metals, zeolite and antimony.
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