Newsroom 2017

Forward Looking Statements:

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.