United States Antimony
Corporation (USAC) NYSE (uamy) is a rapidly growing
natural resource company that is increasing its raw
material supply of antimony from properties in Mexico
and third parties around the world. USAC has produced
various antimony products since 1969 and is a fully
integrated mining, transportation, milling, smelting,
and selling company. USAC operates the only significant
antimony smelter in the United States and it is in a
"sold out" condition. The Company has proven experience
in underground and open pit mining, flotation and
gravimetric milling, crushing and screening, dry
grinding, cyanide leaching, precious metal refining,
pyro-metallurgy, and marketing.
Operations include a smelter and a precious metal
refinery in Montana, and a smelter and three mills in
Mexico. Three Mexican properties supply direct shipping
ore (DSO) or mill feed for the Mexican operations. The
Los Juarez property and mill at Puerto Blanco are being
permitted to start gold and silver production that will
supplement the antimony values and identify the Company
as a "precious metal producer."
USAC owns 100% of the Bear River Zeolite, Corp. mine in
southeast Idaho that management regards as one of the
best zeolite properties in the world due to its high
cation exchange capacity, low sodium content, hardness,
uniformity, high potassium content, large surface area,
and low clay and impurity content.
U. S. ANTIMONY REPORTS
START OF LOS JUAREZ PILOT PRODUCTION
June
5, 2017. Thompson Falls, Montana. United States
Antimony Corporation (“USAC”, NYSE MKT “UAMY”)
reported that approximately 400 metric tons of
Los Juarez gold/silver/antimony rock has been
trucked to the Puerto Blanco mill in Guanajuato,
Mexico and milled. Initial results using X-ray
are encouraging, but we are awaiting results by
a third party lab. The permit for a cyanide
leach circuit for the Puerto Blanco mill
tailings has been reviewed by SEMARNAT (Mexican
equivalent of EPA), and USAC is changing the
location and design of the tailings pond to
comply with their request.
Production from North America was effected by a
maintenance shut down by a supplier that reduced
its supply of antimony for May by about 60,000
pounds. However, Mexican sales increased from
44,092 pounds in April to 64,578 pounds in May,
an increase of 20,486 pounds or 46%. Since the
end of April 2017, the average Rotterdam price
of Grade I antimony metal per metric ton has
decreased from $8,850 ($4.014 per pound) to
$8,800 ($3.991 per pound) by the end of May, a
decrease of $0.023 per pound. Zeolite sales
increased from 1,031 tons in April to 1,152 tons
in May, an increase of 121 tons or 11.7%. The
sale of silver and gold is being held until the
end of Q2.
The
Company has resumed its research on the
production of antimony tri-sulfide(“crudum” or
“needle antimony”) that is used for primers in
ordnance and friction brakes. It contains 70.5%
antimony and sells for approximately $6.10 per
pound. This price equates to approximately $8.65
per pound for the contained antimony.
The Company
will be positing a Facebook page for United
States Antimony and another for Bear River
zeolite in the near future.
CEO John Lawrence said “We are anxiously
awaiting assays from the milling of the Los
Juarez gold, silver, and antimony pilot
production. We will continue to increase Mexican
antimony production and BRZ zeolite sales. These
should provide increased cash flow to augment
production.”
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