U. S. ANTIMONY ANNOUNCES FINANCIAL RESULTS FOR Q1 2013

May 10, 2013.  Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”) reported a loss of $408,825 on revenues of $2,966,775 during Q1 of 2013. The loss was attributed to the falling price of antimony and to start up issues and expenses for increased mining, milling, and smelting in Mexico.

• Mining activity at the Los Juarez property was accelerated to develop more mine faces besides Minas Grande that assayed 0.728% antimony, 6.22 ounces of silver (193 grams) per metric ton, and 0.023 ounces of gold (0.7 grams) per metric ton on a 1415 ton mill run.
• Currently a team of geologists is doing detailed mapping and sampling of the Los Juarez property.

• Milling capacity was increased by the construction of a 75 ton per day (tpd) gravity circuit to treat oxide ores.

• The installation of a 500 tpd flotation mill is underway, and the mill should be on-stream before the end of 2013.

• Smelting capacity at the Madero smelter was doubled and it is running at capacity.

• More than $1,200,000 will be spent to finish the natural gas pipeline to the Madero smelter and this will cut the second largest expense by 75%. For instance the propane bill at Madero for Q1 would have been cut from $202,620 to approximately $50,655.

• Although the recovery of silver-gold from Los Juarez has started, more equipment is being installed at Madero to increase recovery.

•  Mexican production of contained metal was 147,931 pounds during Q1 2013, compared to 95,358 for the same period in 2012, an increase of 55%.

•  The total antimony sold during Q1 2013 was 408,352 pounds compared to 343,952 pounds for the corresponding quarter in 2012, an increase of 18.7%.

•  The Bear River Zeolite (BRZ) operation recorded a profit of $68,444 on revenues of $549,551 during Q1 2013. The profit is up 45.9% from the corresponding quarter in 2012.  

John Lawrence, USAC's CEO, commented that “the production goal for 2013 is 3,000,000 pounds of contained antimony, 100,000 ounces of silver, and 250 ounces of gold. Other mine, mill, and smelter improvements being made this year should significantly boost 2014 production.”

USAC is a rapidly growing and vertically integrated producer of antimony-silver-gold and zeolite.

....................                                                                                   back to top

U. S. ANTIMONY INCREASES MILL CAPACITY BY 50 PERCENT

April 30, 2013.  Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”) reported the start up of an antimony oxide mineral circuit at its Puerto Blanco antimony flotation mill located in Guanajuato, Mexico which increases its milling capacity from 150 tons per day to 225 tons per day.  With the exception of USAC’s Los Juarez property, most antimony properties in Mexico contain oxide or mixed oxide-sulfide minerals. The sulfide minerals are recovered by flotation, but the oxide minerals must be recovered by gravimetric methods.

The Guadalupe, Guadalupana, and Soyatal properties contain large tonnages of oxidized dump material that are currently being fed to the oxide circuit. USAC has an option to purchase Guadalupe and is currently exercising its option to purchase Soyatal, the third largest producer of antimony in Mexico during World War II.

U.S. Antimony Corporation is a rapidly growing and vertically integrated producer of antimony-silver-gold from its Los Juarez property and other properties in Mexico and around the world, and zeolite from Idaho.

Following is a schedule of our precious metals sales:     

U. S. ANTIMONY REPORTS EXCELLENT ASSAYS

U. S. ANTIMONY REPORTS EXCELLENT ASSAYS

USAC is a diversified producer of antimony, precious metals, and zeolite with operations in the Unites States and Mexico.

....................                                                                                   back to top

U. S. ANTIMONY FORECASTS PRODUCTION FOR 2013

Forward Looking Statements:

6 November, 2012.  Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”) reports a loss of $175,125 on revenues of $2,655,123 for the quarter ended September 30, 2012.  John Lawrence, Chief Executive Officer commented, “Due to the expenses and capital expenditures for mining, milling, and smelter equipment and new general and administrative expense incurred in the quarter, the Company  is now entering a sustained period of production growth and revenue from its facilities in the United States and in Mexico.”

U.S. OPERATIONS

The Company’s main supplier of antimony and precious metals for processing in Montana has begun to significantly increase its feed in Q4 and will continue through 2013 and 2014. The Company’s smelter at Thompson Falls, which has a capacity in excess of 10 million pounds per year of antimony oxide, has the capacity to meet this customer’s needs.  The Company’s zeolite division was awarded a second nuclear remediation contract for the Chalk River Nuclear Plant in Ottawa, Canada.

MEXICAN OPERATIONS

Raw material supply

Milling and smelting raw material supplies remain plentiful in Mexico from the Los Juarez antimony-silver-gold property and other antimony properties that have begun to gear up their production due to the Company’s Puerto Blanco mill and Madero smelter.  Mexican mines produced more than 35 million pounds of antimony metal contained during World War II.  A forty foot high face has been cut at the Los Juarez deposit to provide more than 8,000 tons of mill feed.  Five other faces have been prepared.  New analytic equipment now provides assays of mill and mine samples in minutes.  It will be a major advantage for mine control.

Milling at Puerto Blanco

The initial 150 ton per day antimony flotation mill is now operating 20 hours per day and will be increased to 24 hours per day shortly.  A new gravity circuit for oxide feed will add 75 to 100 tons per day of capacity to the Puerto Blanco mill and is expected in to start in 2012.  A site has been selected for the Company’s 500 ton per day mill, currently located in Montana.   Permitting and transportation of the new mill will begin in 2012.

Smelting at Madero, Mexico

15 October, 2012.  Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”) has scheduled a “non-deal” road show to increase its market awareness among institutional investors and “sell side” research analysts.

• November    11-12           Boston, Massachusetts
• November    13                 Greenwich, Connecticut
• November     14                New York, New York
• November     15                Toronto, Canada
• November     16                Chicago, Illinois (morning)
• November     16                San Francisco, California (afternoon)

Additionally, USAC plans to issue an operational up-date shortly on its growth phase detailing recent developments on its Los Juarez antimony, silver and gold deposit as well as its expanding raw material supply, milling capacity and smelting capacity.

At the Los Juarez property, drilling and blasting is underway to establish benches in the mineralized jasperoid zones that contain antimony, silver, and gold. Truckload samples have assayed approximately 2% antimony, 8 ounces of silver and 0.015 ounces of gold per ton. More definitive grades will be reported when milling begins this month.     

To prepare for the milling of the Los Juarez open-pit mine production, USAC installed a large jaw crusher and feeder, a larger cone crusher, more equipment to increase recovery as well as a recycle water system, and other equipment to enhance compliance and safety. Presently, the Company has more than 7,000 tons of mill feed from Los Juarez and three other mines that are selling to USAC. The Company is considering increasing the capacity of the mill.

At its Mexican smelter, all four operating furnaces have been retro-fitted to increase production. Smelter feed is being supplied from seven Mexican antimony mines, and four new furnaces are being permitted.  The Company has signed a contract to construct a natural gas pipeline which will reduce energy costs by 78% at the present time. The cost is estimated at slightly more than $1,000,000, and the line could be completed in 8 months. Besides raw materials, fuel is the largest cost at the smelter.

In Montana, an antimony tri-sulfide plant has been completed to supply the U.S. military and private demand for antimony tri-sulfide used in ammunition primers. Currently, the U. S. sources this strategic compound from China.

Revenues from zeolite sales at the Company’s BRZ operation for the first half of 2012 were $1,466,040 up 70% from those during the first half of 2011 that were $862,865.

John Lawrence, Chief Executive Officer, commented, “After eight years and $7,194,258, the Company is starting production at its Los Juarez antimony, silver, and gold property. This should significantly increase USAC’s antimony, silver and gold production.”

....................                                                                                   back to top
 

U. S. ANTIMONY ACCELERATES EXPLORATION, DEVELOPMENT AND PRODUCTION

Definitive Agreement with Investors for $2,861,502
To Raise Funds for Improvements at Mexico Operations

   
June 29, 2012.  United States Antimony Corp. (NYSE AMEX: UAMY) today announced it has executed definitive agreements with institutional and accredited investors for gross proceeds of $2,861,502 in connection with the Company’s private placement of common stock and warrants.

The transaction involves the sale of 953,834 newly-issued shares of the Company’s common stock at the price of $3.00 per share and warrants to purchase an additional 476,917 shares of the Company’s common stock at $4.50 per share.

The transaction will close pending satisfaction of certain closing procedures.  Net proceeds from the transaction will be used to increase the company’s Mexican processing capacity to accommodate new ore supplies coming from Mexico. Initiatives will include retrofitting operating furnaces at the Mexican smelter, constructing an antimony tri-sulfide plant in Montana, installing larger crusher and precrusher equipment at the Puerto Blanco mill in Mexico, and launching a two part exploration;/development plan at the Los Juarez property.

John Lawrence, Chief Executive Officer, commented, “After lengthy preparations, we are stepping up the Company’s Mexican operations to provide a larger supply of non-Chinese antimony for Far Eastern and North American markets.” 

Global Hunter Securities acted as the sole placement agent in the transaction. Stoel Rives LLP served as legal advisor to United States Antimony Corp. in the transaction.

This press release does not and shall not constitute an offer to sell or the solicitation of any offer to buy any of the securities. For additional information, please refer to UAMY’s current report on Form 8-K to be filed with the Securities and Exchange Commission in conjunction to this transaction.

The securities offered in the transaction will not be registered under the Securities Act of 1933, as amended, pursuant to an exemption from registration and may not be offered or in the United States absent registration or an applicable exemption from registration requirements.

About United States Antimony Corp.

The 150-ton Puerto Blanco mill and Madero smelter are being supplied by more than seven antimony properties in Mexico. Besides the Los Juarez property that USAC operates, USAC has Supply Agreements on all of them with options to buy two of them.

Four furnaces are being operated at the Mexican smelter, and three of them are being retrofitted for increased production. The furnaces are designed to handle low-grade antimony oxide ore which predominates in Mexico.

The Mexican combination flotation and gravity mill is delivering concentrates to the smelter. The mill recovers the sulfides and some of the oxides not recoverable by flotation methods. A large pre-crusher is being installed to accommodate oversize rock from the Los Juarez property.

At Los Juarez, mapping and sampling continues to further define the outcrop of jasperoid-type mineralization. Milling of Los Juarez is expected shortly after the installation of a large crusher to confirm grades, metallurgy, and mining cots.

Lawrence said, "USAC plans to expand their vertically integrated operations from mine to customer by continuing to increase Mexican production. During World War II, Mexico was the second largest producer of antimony in the world despite the use of hand-sorting and crude gravity methods."

Antimony is considered a "strategic" metal by the military. It is used to harden ordnance and lead in storage batteries, antimony tri-sulfide is used for ordnance primers, and antimony trioxide is used as a flame retardant in plastics and textile items in aircraft interiors, vehicles, insulation on wires, and clothing. Currently, the Department of Defense of the United States of America ("DOD") sources antimony from the Peoples Republic of China, the world's dominant supplier. The Company has been asked to supply various antimony products for DOD applications to establish alternative sources. Meanwhile, the Company continues to operate in a "sold out" condition.

March 15, 2012.  Thompson Falls, Montana. United States Antimony Corporation (“USAC”, OTCBB “uamy.ob”) reported record sales of $13,118,090 for 2011 up 45% over $9,073,324 of 2010. Pre-tax income for 2011 was $742,530 up 138% from $312,213 recorded in 2010.

GROSS PROFIT

Profitability of antimony was strong despite large expansion expenses at the Madero smelter and completion of the Puerto Blanco mill and preparation work at the Los Juarez properties. Zeolite sales and profitability were lower in 2011 due to absence of large sales to the U. S Department of Energy to remediate a radioactive leak at a plant near Buffalo, New York.

A multi-step program is underway at the Los Juarez silver-gold-antimony jasperoid deposit.

First, a comprehensive mapping and sampling program has started that has indicated a strike length on the order of 4,000 meters with widths of 100 to 500 meters.  The mineralization appears to be disseminated and bulk- mineable.

Second, 2003 tons of older dump material from the Minas Grande open pit were hauled to the mill to determine dump grades, methods, costs, and distribution of mineralization. With a depth of 30 meters, Minas Grande assayed approximately 1.7% antimony, 0.016 ounces of gold and 9.6 ounces of silver per metric ton.

Third, five faces have been prepared for mining to determine a mine grade and have been assayed as follows:

Fourth, milling will begin on the Los Juarez mined material to determine more accurately the mined grade from crushed rock; the recovery of antimony, silver, and gold; milling costs; concentrate grades; and mill production rates.

Fifth, smelting of the concentrates will confirm recoveries of antimony, costs, separation of silver and gold, and determination and handling of impurities.

Sixth, a drill program will be initiated from cash flow to confirm continuity, grades, and tonnages.  John Lawrence, CEO, cautioned that, “The apparent size of the deposit would require a very robust budget to drill it out completely so that, at the present time, the drill program would be contained within operating revenues to prevent shareholder dilution.”   

Lawrence announced that Whitney Ferer of Aaron Ferer & Sons Co. has joined the USAC Board of Directors. The 126-year old Company is family owned and  headquartered in Omaha, Nebraska. Whitney is currently Vice President of Trading and Operations and Vice Chairman of the Board. The Company is a major trader of antimony oxide and metal as well as other ferrous and non-ferrous metals world-wide.  Whitney was instrumental in opening 8 other offices in the Far East and China.

....................                                                                                   back to top

February 13, 2012.  Thompson Falls, Montana. United States Antimony Corporation (“USAC”, OTCBB “uamy.ob”) reported that the flotation mill in Guanajuato, Mexico is now operating on feed from the Soyatal District containing 5-6% antimony. Initial concentrates assayed 66% antimony.

A large crusher is being installed to handle the oversize rock from the Los Juarez open pit and dumps. Following are the assays from 607 metric tons of feed that has been delivered to the mill from Los Juarez:

MINAS GRANDE MILL STOCK PILE
 

Although mining has started at five faces at the Los Juarez property, USAC does not claim any reserves.

Furnace capacity at the Madero Smelter in Coahuila is being expanded to handle the flotation concentrates.

John Lawrence, CEO commented “USAC produced 204,985 pounds of antimony metal in Mexico in 2011 while awaiting the start up of mining at Los Juarez and the completion of the flotation mill. The Company has another 500 ton per day mill in Montana that is being prepared to increase capacity in Mexico should it be warranted.  

January 9, 2012.  Thompson Falls, Montana. United States Antimony Corporation (“USAC”, OTCBB “uamy.ob”) reported that the flotation mill in Guanajuato, Mexico has been completed and is ready for production. To start milling operations, dump rock was hauled from older workings at the Los Juarez antimony/silver/gold property in Queretaro, Mexico. Six samples were taken on a regular basis from approximately 19 truckloads or 420 metric tons from dumps rock from an open pit called “Minas Grande.” The significance of this dump is that it was mined to a depth of 40 meters indicating that the deposit is not just a layered, “Manto”, deposit of 5 meters thickness. 

MINAS GRANDE DUMP ASSAYS

Additionally, another 3 samples were taken on a regular basis from 9 truckloads representing approximately 200 metric tons from other dumps at the property

OTHER DUMP ASSAYS

Mining has started at five faces, and bulk sample results will be reported.  USAC does not claim any reserves at this time.

John Lawrence, CEO commented “The Company’s core business continues to be the  processing of antimony raw materials to recover precious metals, remove impurities, and make quality antimony products. With the start of the new flotation mill in Mexico, USAC will become a more vertically integrated producer of antimony and precious metals.”

 Currently, USAC has a large inventory of Mexican smelter feed. The Company has taken part of this feed to the Montana operation to help increase production. Feed for the new Puerto Blanco150 ton per day flotation mill that is expected to be on-stream this month is coming from three antimony properties including the Company’s Los Juarez antimony-silver-gold property. Geologic mapping and sampling of Los Juarez may indicate that the mineralized zones are not layered zones up to 5 meters thick, but may be of the Nevada “jasperoid” type, where the mineralization goes to significant depths in “chimneys” and “pipes.” Although mining operations have commenced, it is too early to draw any conclusions concerning the type of mineralization, and USAC does not claim any reserves by S. E. C. standards at this time.

 John Lawrence, CEO commented “The Company’s core business continues to be   processing of diverse antimony raw materials to recover precious metals, remove impurities, and make quality antimony products. However, with the start of the new Puerto Blanco flotation mill in Mexico, USAC will complete its vertical integration.

 Additionally, we are pleased to welcome John Gustavsen  to USAC with his vast background in antimony metallurgy and marketing. Gustavsen was President and Treasurer of Amspec that produced up to 20,000,000 pounds per year of antimony oxide.”

John Lawrence, CEO, commented,  “While we are pleased to report another quarter of record revenues, there are several developments that could significantly enhance the Company’s revenue and profitability:

Due to USAC’s proprietary metallurgical capability to extract precious metals from antimony, the Company routinely processes material from other smelters located worldwide. This competitive advantage will allow USAC to recover precious metals from its Los Juarez properties.

• In 2009 we sold 6,870.1 ounces of silver at prices of $11.29 to $14.35 per ounce and 31.79725 ounces of gold for $858.69 to $949.38 per ounce. Total sales for the year were $53,059.49 after the smelter deducted 25% of the silver value and 40% of the gold value plus treatment charges.

• In 2010 we sold 27,969.8 ounces of silver at prices of $17.79 to $28.40 per ounce and 96.69539 ounces of gold at $1,117.96 to $1,356.40 per ounce. Total sales for the year were $483,306.84 after the smelter deducted 25% of the silver and 40% of the gold values plus treatment charges.

• All production in 2009 and 2010 came from one source in Canada. The PM was sold back to this source as a credit against our purchase of antimony.

• Additional production of precious metals in 2011 is from Europe and other countries.

• Major precious metal production will start in Q3 from Los Juarez.

• The cost of the PM production is minimal.

• The price of PM is much higher in 2011 and continuing to grow.

• Currently we are preparing to build a PM circuit that should allow shipment of gold and silver to refineries where we should realize approximately a 95% pay on a very quick basis.

• USAC has proprietary technology and equipment to recover PM from antimony ores. Historically, the Chinese pay nothing for PM in antimony ores.

• Noty disclosing this rapidly increasing revenue stream as a separate item is not disclosing imporant information to the shareholder and makes management vulnerable.