The Company intends to use the net proceeds of the Private Placement to conduct exploration work on its Cervantes Porphyry gold-copper project in Sonora, Mexico and its Tombstone Epithermal gold-silver & CRD silver-lead-zinc-copper-gold project in Arizona, USA, as well as for general working capital purposes.
United States Antimony Corporation reports a record quarterly gross profit of $1,139,388 and record Net Income of $786,252 spurred by a quarterly antimony sales revenue of $2,828,930.
“We have ramped up production smoothly following the labour action that disrupted production in March,” stated Brendan Cahill, President and Chief Executive Officer.
“I am very excited to see Tahuehueto commencing pre-production activities and look forward with anticipation to our first concentrate deliveries, anticipated in several weeks, which will bring our Company its first revenue from the new, on-site Tahuehueto mineral processing facility” states Ralph Shearing, CEO.”
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