THOMPSON FALLS, MT / ACCESSWIRE / September 11, 2017 / United States Antimony Corporation ("USAC," NYSE American: UAMY) reported the successful production of antimony tri-sulfide per military MIL-A-159D specification. The product is used in all center-fire cartridges for military and commercial production. Initial production was on a small scale, but additional equipment is being installed to enter the market. The product contains 70.5% antimony. At a Rotterdam price for metal at $3.833 per pound, the antimony in the tri-sulfide would be worth approximately $10.75 per pound. Additional markets include the friction brake industry.
SEMARNAT (Mexican equivalent of the EPA) is expected to approve the cyanide circuit at the Puerto Blanco mill for the Los Juarez gold/silver/antimony property within 30 days.
Following are the sales estimates for August 2017:
Product | August 2017 |
Antimony pounds | 215,740 |
Zeolite tons | 1007 |
Silver ounces | Accruing for shipment September |
Gold ounces | 7.080 shipped + accruing for shipment September |
At the beginning of August 2017, the average Rotterdam price of Grade I antimony metal per metric ton was $8,200 ($3.7194 per pound), and by the end of August, the price had increased to $8,450 ($3.833 per pound), an increase of 3.6%.
Mexican mine production has been increasing and all emphasis is to reopen Soyatal by building powder magazines and Guadalupe by reopening a road.
The BRZ zeolite plant in Idaho capacity has been increased significantly. New markets are being pursued and sales should be increasing.
CEO, John Lawrence, said, "Antimony remains the core business and we are excited about antimony tri-sulfide production, increasing Mexican mine production, and starting gold/silver/antimony production at Loss Juarez. At the present time, we are evaluating several opportunities that could significantly enhance production and cash flow."
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.
Forward-Looking Statements:
This Press Release contains 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, ability to execute on its increased production and installation schedules for planned capital expenditures and the size of forecasted deposits. 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.
SOURCE: United States Antimony Corporation
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