Newsroom 2017

Forward Looking Statements:

During the construction period, the Montana metallurgical lab has been busy testing and confirming the metallurgy. Three technical discoveries were made that will expedite long term processing and cut cash costs substantially.

Estimated sales for the month of July 2018 were as follows:

The average Rotterdam price for antimony metal during July 2018 was $7,927.27 per metric ton or $3.595 per pound.  

July 2, 2018. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE American “UAMY”) reported successful testing of a new product, antimony tri-sulfide (also called “needle antimony” or “crudum”). The product is used as a primer component in center- fired ordnance. China has historically been the principal source of the product in the United States and most other countries. The USAC antimony tri-sulfide has complied with the military specification of MIL-A-159D. The product is now being offered to commercial manufacturers of ordnance. USAC will source the antimony ore from one of its Mexican mines and it will be transported to its floatation mill in Guanajuato, Mexico. The floatation concentrate will be shipped directly to Montana for processing. The processing cost using a proprietary method developed by USAC will be cheaper than the production of antimony metal or oxide. Additionally, the price for the contained antimony is significantly higher than that in antimony oxide or antimony metal.   Besides the ordnance market, a larger market for the product is in the friction brake industry. The Company has received request for the product from Japan and Europe.

Antimony has always been considered a “strategic metal” during wars. The USAC Stibnite Mine in Thompson Falls contributed antimony during World Wars I and II and the Korean and Viet Nam Wars. Antimony metal is used to harden lead in bullets and heavy duty military batteries for vehicles, tanks, ships, and submarines. Antimony oxide is used as a flame retardant in plastics in aircraft, ships, and vehicle interiors and in insulation on electrical wire. Antimony tri-sulfide is used for ordnance primers, tracer bullets, pyrotechnics, and for friction brakes. On May 18, 2018, the Department of Interior named antimony as a “critical commodity” for the “Nations security and economic prosperity.”

The construction of the cyanide leach-plant for the processing of the Los Juarez gold/silver/antimony ore is on schedule for testing during Q4, 2018. 

Estimated sales for the month of June 2018 were as follows:

The average Rotterdam price for antimony metal during June was $8,207.14 per metric ton or $3.722 per pound.  

June 4, 2018. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE American “UAMY”) reported initial testing of the Los Juarez gold/silver/antimony floatation concentrates in Montana. Following is a flow diagram of the operation:

The Los Juarez mine, Puerto Blanco mill, and Madero smelter are operational and the cyanide leach plant is being constructed.  Gold, silver and antimony are being recovered from the Los Juarez flotation concentrates in Montana on a test basis. Testing of the plant is anticipated in Q4 2018.

On May 18, 2018 the Department of Interior published the Final List of Critical Minerals 2018 stating “The United States is heavily reliant on import of certain mineral commodities that are vital to the Nation’s security and economic prosperity.” The list names antimony as a “critical commodity”.

BRZ zeolite orders for most applications were up again in May, but the plant had a maintenance problem that delayed production of more than 300 tons that had been ordered. We anticipate filling these orders by the end of Q2, 2018

Estimated sales for the month of May 2018 were as follows:

The average Rotterdam price for antimony metal during May was $8,114.00 per metric ton or $3.68 per pound. USAC generally sells antimony contained for more than $4.00 per pound. Mexican production exceeds our North American supply.

CEO John Lawrence said “We are excited to start the shake down of the Los Juarez pilot plant in Q4 2018 and to continue construction of the 400 ton mill. 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. 

Estimated sales for the month of April 2018 were as follows:

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:

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.

After the successful testing of the leach circuit, the production will be ramped up to the 100 ton per day mill capacity.

Commodity prices for February were as follows:

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:

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.”

 Estimated sales for the month of December 2017 were as follows:

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:

Antimony production in 2017 was down due to the loss of raw materials from Australia.

Commodity prices for the year were as follows:

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.