NYSE MKT: UAMY

 UNITED STATES ANTIMONY CORPORATION
   
 

NEWSROOM 2019

05/15/19  USAC announces investor call
05/06/19  USAC reports doubling of Mexican smelter capacity
04/01/19  USAC reports progress on Mexican furnaces and Los Juarez leach plant
03
/29/19  USAC announces investor call
03/04/19  USAC reports strong antimony and zeolite production in February 2019
02/04/19  USAC reports progress at all operations
01/07/19  USAC reports on beneficiation of Los Juarez Gold/Silver Antimony property

 

 

 

 

 

 

 

 

 

Newsroom 2018

 

Forward Looking Statements:

These Press Releases contain 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. 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.

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U. S. ANTIMONY ANNOUNCES INVESTOR CALL

May 15, 2019. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE American “UAMY”) will host an investor call at 4:15 P. M. EDT on Wednesday May 15, 2019 to review the first quarter 2019 10Q.

Conference Title: United States Antimony Corp.

Conference ID: 3861988

Dial In Information:
Toll free: 1-877-260-1479
International: 1-334-323-0522

Remote Replay available for 7 days:
Conference ID/Passcode: 3861988
Toll free: 1-888-203-1112
International: 1 719-457-0820

 

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U. S. ANTIMONY REPORTS DOUBLING OF MEXICAN SMELTER CAPACITY  

May 6, 2019. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE American “UAMY”) reported a doubling of its Madero, Coahuila, Mexican smelter capacity with the startup of the No. 2 long rotary furnace (LRF). This is expected to double Mexican production by the end of Q2 due to the increased output of the Wadley and Guadalupe Mines. During Q1 of 2019, the Mexican production per month was approximately 69,000 pounds. For future production increases, there are four more LRFs at Madero, and construction has begun on the No. 3 LRF.


No. 2 LRF in production roasting direct shipping ore and having slag removed


No. 2  LRF showing entire installation from left to right, 105 foot stack in background,
dust collector in front of  stack, cooling ducting, and furnace.

The five acre cyanide leach pond at the Puerto Blanco mill for the Los Juarez gold, silver, and antimony mine has been excavated and a culvert has been placed in it to divert storm water from running into the pond. The pond is now ready for the HDPE liner which will be the last major expenditure. The wiring, tailings pipe lines, and screens have been finished.  Testing and startup of the plant is anticipated during Q2 2019.


Five acre tailings pond with culvert is ready for the HDPE liner.


The Puerto Blanco leach plant for the Los Juarez gold and silver is nearing completion.

 

Estimated production for April 2019 was as follows:

Product

April

Antimony pounds

171,726

Zeolite short tons

1,172

Inventories of Mexican antimony mine ore continue to grow. The average Rotterdam price for antimony metal during April 2019 was $7,246.25 per metric ton or $3.287 per pound. Bear River Zeolite sales continue strong.

CEO John Lawrence said “The startup of the No. 2 LRF will liquidate the prepaid inventory of mine ore to help fund the Los Juarez gold, silver and antimony property leach plant and provide operating funds.”

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U. S. ANTIMONY REPORTS PROGRESS ON MEXICAN FURNACES AND LOS JUAREZ GOLD AND SILVER LEACH PLANT

April 1, 2019. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE American “UAMY”) reported a sustained higher level of production of antimony from the Wadley and Guadalupe Mines in Mexico. USAC has resumed the production of high purity antimony metal at its Madero smelter and is expediting the installation of two more large rotary furnaces (LRFs) from Reynosa. Each furnace will be capable of roasting 4 to 5 metric tons of Wadley ore per day or 5 to 7 metric tons per day of concentrate from Guadalupe or Los Juarez. USAMSA (a wholly owned subsidiary of USAC) has three more LRFs in inventory.

       
Three LRFs, 1 operating and 2 under construction

Progress on the construction of the cyanide leach plant at the Puerto Blanco mill for the Los Juarez gold, silver, and antimony mine has included wiring, plumbing, fresh water supply, tailings lines, and the installation of screens, pumps, compressors, transformers, and roofing. A culvert is being installed in the floor of the tailings pond to discharge storm water from above the pond to below the pond. This will be followed by the installation of the 1 mm thick HDPE pond liner that will cover approximately 5 acres. Testing and startup of the plant is anticipated during Q2 2019

 
Culvert to be installed in the floor of the 5 acre tailings pond


Cyanide leach plant stainless steel tankage.

Bear River Zeolite sales continue to be strong for the rest of the year. Currently off shore interest is increasing for a variety of applications. We now have a Korean Company that will be selling a variety of BRZ products in Korea. The operation continues to be a source of expansion funds for USAC.

Estimated production for February and March 2019 is as follows:

Product

February

March

% Change

Antimony pounds

156,741

188,097

+ 20

Zeolite tons

1,605

1,351

-16

Inventories of unprocessed antimony continue to grow even with the increase in monthly production The average Rotterdam price for antimony metal during March 2019 was $7,636.19 per metric ton or $3.464 per pound

CEO John Lawrence said “The installation of the LRF furnaces coincides with the large increase in Mexican mine production. Coupled with the cash flow from strong zeolite production, the Company is positioned to complete the construction of the Los Juarez cyanide leach circuit at Puerto Blanco and begin testing and shakedown. Gold and silver production is imminent.”

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U. S. ANTIMONY ANNOUNCES INVESTOR CALL

 

March 29, 2019. 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 1, 2019 to review the 2018 10K.
 

Conference Title:  United States Antimony Corp.

Conference ID:  7296372

Dial In Information:

Toll free: 1-855-719-5012

International:  1-334-323-0505

 

Remote Replay available for 7 days:

Conference ID/Passcode:  7296372

Toll free: 1-888-203-1112

International:  1-719-457-0820

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U. S. ANTIMONY REPORTS STRONG ANTIMONY  AND ZEOLITE PRODUCTION IN FEBRUARY 2019

March 4, 2019. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE American “UAMY”) reported record Mexican antimony productions and the sales of high purity antimony metal. During 2018 USAC produced an average of approximately 57,002 pounds of contained antimony per month from Mexico. During January and February 2019, the Company has produced an average of approximately 112,000 pounds per month from Mexican operations. To expedite the liquidation of the inventory, USAC has resumed the  production of high purity antimony metal at its Madero smelter for the first time in three years. The first truckload will be delivered by March 12, 2019.

Although most of the new production of Mexican antimony is from the Wadley Mine, the production from the Sierra de Guadalupe Mines is also ramping up. Work has included the construction of a mining camp at the Santa Monica drift which contains sulfide ore, and production from the Santa Fe drift that contains primarily oxide ores. The use of pneumatic drills, compressors, load haul dump (LHD) equipment, and explosives are a distinctive advantage over Wadley production. The Guadalupe manto or layered deposits are very similar to the Wadley, but the existing infrastructure at Wadley is huge compared to Guadalupe.

The completion of the cyanide leach plant at the Puerto mill for the Los Juarez gold, silver, and antimony open pit mine includes plumbing, wiring, roofing, and the completion of the tailings pond. We anticipate completion of the tailings pond in Q2, 2019. The plant is designed for operator simplicity in order to maximize recovery. Reagents and supplies are being sourced and preparations are being made to start trucking ore to the mill.

Bear River Zeolite has been sold in Canada, Russia, Poland, Ukraine, Korea, China, Brazil, Peru, Dubai, Ireland, Mexico, and Australia, directly and through intermediaries. New uses and markets are being developed and sales for February were 1,605 tons. The operation continues to be a source of expansion funds for USAC.

 Estimated production for January and February 2019 is as follows:

Product

January

February

Antimony pounds

156,641

156,741

Zeolite tons

1,370

1,605

The antimony production did not include the inventories. The average Rotterdam price for antimony metal during February 2019 was $7,765.25 per metric ton or $3.522 per pound

CEO John Lawrence said “The strong antimony and zeolite production will help complete the construction of the Los Juarez cyanide leach circuit at Puerto Blanco which is proceeding on schedule.”

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U. S. ANTIMONY REPORTS PROGRESS AT ALL OPERATIONS

February 4, 2019. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE American “UAMY”) reported on the Reynosa antimony plant, Mexican antimony production, North American antimony gold and silver production; progress at Los Juarez, BRZ zeolite operations, and the large inventory of antimony at the end of January.

The dismantling and trucking of the Great Lakes Chemical Corporation, LANXESS antimony plant in Reynosa, Mexico has been on schedule. More than 50 truckloads of equipment have been shipped to the other USAC operations in Mexico and the United States. Payments for the real property have been timely and should be completed in early February.

Five long rotary furnaces with stainless steel cooling ducting, hoppers and dust collectors; burners, blowers, and fans from Reynosa have been delivered to the Madero smelter and two are currently being installed. In addition, cast iron molds, scales, two fork lifts, a truck, a car, a Caterpillar loader, a100 HP compressor, two 250KW portable generators; two motor control centers; an overhead traveling hoist, three welders, plasma torch, structural steel, man lift, laboratory equipment, tools, extra stainless steel baghouses, a 12,000 gallon water tank, pumps, a truckload of electric motors, a truckload of spare parts, truckloads of filter media and wire cages for the dust collectors, a truckload of new one ton totes, and large amounts of hydrogen peroxide and caustic. The equipment will result in a major increase in capacity and a lowering of costs at Madero.

The North American supplier of raw materials has resumed production and has shipped seven trucks containing a total of 128,013 pounds of contained antimony together with gold and silver during January. During 2018, they only shipped 37 trucks that averaged 57,002 pounds of contained antimony per month.

In January 2019 we received seven truckloads of Wadley direct shipping ore containing approximately 35% antimony containing about 70,000 pounds of  antimony. This is a sharp increase from last year when the monthly average was  about 48,000 pounds. Two compressors have been delivered to the mine and are expected to rapidly increase production once installed.

At the Puerto Blanco flotation mill, the assembly of the cyanide leach plant is rapidly progressing. From Reynosa the plant received one large stainless steel leach tank, an elaborate indirect gas-fired rotary kiln for the regeneration of carbon, three 4 foot multi deck rotary screens, three air operated diaphragm pumps; three motor control centers with breakers, starters, conduit, wire; structural steel, decking and steel stairways’ 5 transformers, 3 overhead traveling hoists, pipe, a large number of electric motors, pipe, laboratory equipment, a stainless steel dust collector, a platform scale, and a 75 HP electric compressor. Production from the caustic leach plant at Madero to process the flotation concentrates has resulted in close to a 100% recovery of the gold and silver. The pilot production is scheduled for shipment during February.

Estimated production for January 2019 is as follows:

Product

January

Antimony pounds

156,641

Zeolite tons

1,370

The average Rotterdam price for antimony metal during December 2018 was $7,796.591 per metric ton or $3.536 per pound

At the end of January, USAC had a large inventory of unprocessed antimony as follows:

Location

Form

Antimony #

Thompson Falls, MT

Crude oxide, sodium antimonate, metal, finished oxide, slag

93,947

Madero MX

DSO, crude oxide, slag

129,609

Wadley

DSO

14,000

In transit MX to MT.

Sodium antimonate, crude oxide

53,125

In transit to Customer

Finished oxide

58,304

Total

 

348,985

The sale of zeolite was 1,370 tons in January 2019. A new sales team was hired and has already obtained new customers.

CEO John Lawrence said “The equipment from Reynosa was a major bonus for all operations and will increase capacity while lowering costs. The resumption of production from our North American supplier from an average of 57,002       pounds of antimony per month during 2018 to 128,013 during January 2019           is a major boost in antimony production as well as gold and silver. The testing of the Los Juarez caustic leach of flotation concentrates has been finished with excellent recoveries of gold and silver, and the construction of the cyanide leach circuit at Puerto Blanco is proceeding on schedule. The inventory of 348,985 pounds of contained antimony at the end of January is very large and should provide substantial cash flow once processed”

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U. S. ANTIMONY REPORTS PROGRESS ON THE BENEFICIATION OF LOS JUAREZ GOLD SILVER ANTIMONY PROPERTY IN MEXICO

January 7, 2019. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE American “UAMY”) reported the status of the beneficiation of the Los Juarez ore as follows:

1.    Approximately 30,000 tons of ore has been mined and is ready for processing

2.    The crusher and flotation circuits at the Puerto Blanco mill are ready for production

3.    The tailings pond excavation has been completed and will be ready for a liner following the installation of a culvert to divert storm-water inflow.

4.    The majority of the cyanide leach plant has been built and is being installed at Puerto Blanco.

5.    The caustic leach plant at Madero to process the flotation concentrates is operational and has recovered the precious metals with close to a 100% recovery. The initial metallic product from 6 runs was as follows:

 

Bar

2

3

4

5

6

7

Gold oz/ metric ton

93.25

80.3

126

130

176

111

Silver oz/ metric ton

10,414

11,000

15,900

16,400

23,200

15,100

 

6.    Marketing of the product is now underway. This will dictate whether USAC will further refine it to dore.

7.    Laboratory equipment is being purchased and personnel are being trained to fire assay and control the cyanide and other parameters.

8.    The cost of reagents and fluxes is being researched, and it appears that  China may be the best source

Wadley continues to be a major source of high- grade antimony ore. Load haul dump (LHD) equipment is being provided to speed up underground transportation and mine development.

The dismantling, removal  and transportation of the Great Lakes Chemical Corporation, LANXESS Holding Company US Inc. antimony plant in Reynosa, Mexico is on schedule to be completed by the end of January 2019. Trucking of the five large furnaces is underway, and they will increase the plant capacity at Madero for the production of crude oxide tremendously. This will accommodate more production from Wadley and Guadalupe in 2019.

Estimated sales for 2017 and 2018 are as follows:

Product

Q4 2017

Q4 2018

% Change

2017

2018

% change

Antimony pounds

415,427

391,784

-5.7

1,891,439

1,486,120

-21.4

Gold oz

69

14.61

-78.8

107

68.61

-35.9

Silver oz

9,913

2,866

-71.1

32,021

18,122

-43.5

Zeolite tons

2,931

3,494

+19.2

12,376

15,002

+21.2

The production of antimony, gold, and silver during 2018 was impacted by a reduction of the North American supply of raw materials from 70 loads in 2017 to 37 loads in 2018, a decrease of 47.1%. Each load contained about 18,000 pounds of antimony. However by Q4 2018, a sharp increase in the supply of Mexican production offset the reduction of the supply from North America.

The sale of zeolite increased from 12,377 tons in 2017 to 15,002 tons in 2018, an increase of 21%. Changes in the market were as follows:

CATEGORY

2017

2018

% CHANGE

Animal feed

4128

3906

-5.4

Water filtration

3548

5288

+49

Air filtration

1805

1117

-38.1

Soil amendment

1251

505

-59.6

Traction control

633

1002

+58.3

Infill

483

579

+19.9

Oil and gas

359

1700

+37.5

Odor control

119

NA

 

Industrial

98

NA

 

Environmental

78

68

-12.8

BRZ Distributors

54

165

+205.6

Absorption

 

60

 

Miscellaneous

 

127

 

The average Rotterdam price for antimony metal during December 2018 was $7,838.42 per metric ton or $3.5551 per pound.

 

CEO John Lawrence said “We are excited about starting pilot production of gold, silver, and antimony from the the Los Juarez deposit in
Q1 2019.”

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