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U. S. ANTIMONY REPORTS INCREASED MEXICAN ANTIMONY AND IDAHO ZEOLITE PRODUCTION
April 2, 2018. Thompson Falls, Montana. United
States Antimony Corporation (“USAC”, NYSE American “UAMY”) reported 90,000
pounds of antimony production from Mexico that has very low impurities. In
Montana, this production is converted to antimony trioxide a flame retardant and
also metal that is used in lead alloys such as ordnance in Montana. Antimony raw
materials from the North American source cannot be converted to metal due to
impurities. We negotiated a new supply agreement with our North American raw
material supplier that will result in cost reductions of more than $.40 per
pound. This could result in a cash savings of approximately $600,000 in 2018
for us.
Progress on the construction of the cyanide
leach plant for the Los Juarez gold-silver-antimony deposit in Queretaro, Mexico
continues with the preparation of the tailings pond, leach plant floor, and
carbon circuit. Initial production is anticipated in Q4 2018.
BRZ zeolite sales for water filtration, animal
feed, air filtration, and numerous other applications were up sharply in March.
Estimated sales for the month of March 2018
were as follows:
Antimony pounds |
136,588 |
Gold ounces |
11.59 |
Silver ounces |
4073.27 |
Zeolite short tons |
1,316 |
Commodity prices for
February were as follows:
Commodity |
Quote |
1 March 18 |
26 March 18 |
Change |
Antimony metal |
Rotterdam |
$3.968/pound
$8,750/mt |
$3.923/pound
$8,650 |
-1.14% |
|
|
March average |
|
|
Gold |
|
$1,328.64/oz |
|
|
Silver |
|
$16.48/oz |
|
|
CEO John Lawrence said “We are excited about
the increased cash flow from the new antimony supply agreement, increased
Mexican antimony production, and increased BRZ zeolite sales. We expect to
announce our progress on several additional strategic and financial
opportunities that do not involve dilution of any kind.
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.
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U. S. ANTIMONY ANNOUNCES
INVESTOR CALL
March 29, 2018. Thompson
Falls, Montana. United States Antimony Corporation (“USAC”, NYSE American “UAMY”)
will host an
investor call at 4:15 P. M. EDT on Monday April 2, 2018 to review the 2017 10K
financials.
Conference Title:
United States Antimony Corp.
Conference ID: 9600909
Dial In Information:
Toll free: 1-888-211-9963
International: 1-719-457-6931
Remote
Replay available for 7 days:
Conference ID/Passcode:
9600909
Toll free: 1-888-203-1112
International: 1-719-457-0820
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U. S. ANTIMONY REPORTS PROGRESS ON THE GOLD/SILVER LEACH CIRCUIT IN MEXICO
March 5, 2018. Thompson Falls, Montana. United
States Antimony Corporation (“USAC”, NYSE American “UAMY”) reported progress on
the construction of the cyanide leach plant for the Los Juarez
gold-silver-antimony deposit in Queretaro, Mexico. At the Puerto Blanco mill
site in Guanajuato where the ore will be milled, all vegetation has been removed
in the area of the tailings pond, and a dozer has begun to shape the pond area
for a plastic membrane. The location of the leach plant has been prepared for
the concrete floor. The carbon circuit which collects the gold and silver will
be placed in the back of the 400 ton floatation mill (see photos).
Cyanide testing of the
mill tailings has indicated excellent recoveries of the precious metals, and the
antimony recovery has been approximately 70% but it is expected to increase at
lower depths. The estimated recovery of the values after the caustic leach and
cyanide circuit of the tailings is as follows:
Metal |
Assay |
Recovery |
Value |
Value /mt |
Gold |
0.035 opmt |
90% |
$1,330/oz |
$41.90 |
Silver |
3.27 opmt |
90% |
$16.50/oz |
$48.56 |
Antimony |
0.652% |
70% |
$3.946/lb |
$39.70 |
Total |
|
|
|
$130.16 |
After the successful testing of the leach
circuit, the production will be ramped up to the 100 ton per day mill capacity.
Thereafter, work will continue on the 400 ton
per day mill. The floor and foundation for the mill are completed. The flotation
machines are already there and partially installed, and the ore bin has been
installed (see photos). The same leach circuit can be expanded to accommodate
the 400 ton per day mill at a minimal expense.
Estimated sales for the month of
February 2018 were as follows:
Antimony
pounds |
105,162 |
Zeolite short tons |
1,038 |
Commodity prices for February were as follows:
Commodity |
Quote |
1 February 18 |
28 February 18 |
Change |
Antimony metal pounds |
Rotterdam |
$3.798/pound
$8,375/mt |
$3.946/pound
$8,700/mt |
3.88%+ |
CEO John Lawrence said “We are excited about
the potential cash flow from the pilot-leach plant for Los Juarez and even more
excited about the potential cash flow from the 400 ton per day mill. Presently
our new antimony supply agreement and BRZ zeolite sales are helping to fund the
leach plant. We expect to announce our progress on several additional strategic
and financial opportunities that do not involve dilution of any kind.
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U. S.
ANTIMONY REPORTS STRONG PRODUCTION
February 5, 2018.
Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE
American “UAMY”) reported estimated sales for December 2017 and January 2018
were as follows:
Product |
December 2017 |
January 2018 |
% Change |
Antimony pounds |
76,868 |
212,764 |
+177% |
Zeolite short tons |
909 |
1,337 |
+ 47% |
Antimony sales were 135,896 pounds or 177%
greater in January 2018 than December 2017 due to the fact that customers do not
want large inventories at year end. USAC’s Mexican production has been more
meaningful as the North American supply of raw materials has slowed down.
Zeolite sales were 428 tons or 47% greater in
January 2018 than in December 2017 due to new orders and customers. The BRZ
zeolite has out- performed other domestic and Canadian zeolites producers and
has been chosen for nuclear remediation and the removal of ammonium from water.
Orders for BRZ are strong for the first half of 2018.
Commodity prices for January 2018 were as
follows:
Commodity |
Quote |
January 1, |
January 31, |
Change |
Antimony metal pounds |
Rotterdam |
$3.70 |
$3.79 |
+2.4% |
Gold ounces |
Kitco |
$1,306.40 |
$1,344.50 |
+2.9% |
Silver ounces |
Kitco |
$16.97 |
$17.275 |
+1.8% |
Construction of the pilot cyanide leach
circuit at the Puerto Blanco mill for the leaching of the Los Juarez gold and
silver tailings continues making progress. After the successful testing of the
leach circuit, the production will be ramped up to the 100 ton per day mill
capacity. Thereafter, work will begin on the 400 ton per day mill, and the same
leach circuit can be expanded to accommodate the 400 ton per day mill at a
minimal expense.
CEO John Lawrence said “We are excited about
the sharp increase in antimony and zeolite sales in January and the startup of
gold and silver production from Los Juarez. We are still working on several
strategic and financial opportunities presented to the Company that do not
involve dilution of any kind.”
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.
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U. S. ANTIMONY REPORTS PRODUCTION
January 8, 2018.
Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE
American “UAMY”) reported production.
Estimated sales for the month of December
2017 were as follows:
Product |
December 2017 |
Antimony pounds |
76,868 |
Antimony tri-sulfide pounds |
6,226 |
Zeolite short tons |
909 |
Gold ounces |
24 |
Silver ounces |
7,040 |
Antimony sales were lower in December as an
additional 98,851 pounds had been produced, but the customers did not want to
take delivery until the first of 2018 due to inventory reasons. Otherwise, the
antimony production would have been 175,719 pounds for the month. During
December, USAC only received raw materials from North America containing
approximately 36,600 pounds of antimony due to supplier maintenance issues.
Normally this would have been approximately 110,000 pounds. Mexico provided raw
materials containing approximately 44,284 pounds. In December, Mexico provided
55% of the raw materials.
Zeolite sales would have been higher, but a
shortage of trucks prevented the delivery of another 451 tons of finished
product.
Estimated sales for 2016 and 2017 we as
follows:
Product |
2016 |
2017 |
change |
Antimony pounds |
3,002,920 |
1,928,035 |
-36% |
Antimony tri-sulfide pounds |
0 |
6,226 |
+100% |
Zeolite tons |
13,466 |
12,353 |
-8% |
Gold ounces |
108.1 |
124.62 |
+15% |
Silver ounces |
38,123.46 |
29,147.9 |
-24% |
Antimony production in 2017 was down due to
the loss of raw materials from Australia.
Commodity prices for the year were as follows:
Commodity |
Quote |
1 January 17 |
31 December 17 |
Change |
Antimony metal pounds |
Rotterdam |
$3.33 |
$3.71 |
+11% |
Gold ounces |
Comex |
$1162.00 |
1291.90 |
+11% |
Silver ounces |
Comex |
$16.409 |
$16.745 |
+0.34% |
Construction of the cyanide leach tailings
pond at the Puerto Blanco mill for the leaching of the los Juarez tailings is
underway for the placement of the plastic membrane. Equipment for the leach
plant is being built in Montana.
CEO John Lawrence said “We are excited about
the commencement of construction of the pilot leach plant for Los Juarez.
Additionally, the Company added 30 new customers for the BRZ zeolite, and we
expect to see sales grow during 2018. In the near future, we expect to announce
our progress on several additional strategic and financial opportunities
presented to the Company that do not involve dilution of any kind.
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.
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