U.S. Antimony Reports Major Zeolite Plant Expansion
June 06 2016 - 8:00AM
Business Wire
United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”)
reported the following sales for May:
Product
May 2016 Antimony pounds
242,489 BRZ zeolite tons
1,538 Gold from Australia
ounces 54.573
At the present time, Bear River Zeolite (BRZ), a wholly owned
subsidiary of USAC, has current orders for 1,992 tons, of which 822
tons are in progress. BRZ has added another production line to the
plant. The new production line should double the production of
granular products and fines. Now there are two granular production
lines and a third line with a grinding mill that produces very fine
products. The demand for all products has increased and the Company
is now producing for a large order for water remediation.
The Rotterdam price for antimony metal has remained firm and was
quoted at $2.79 per pound on June 1. The increase in prices will
begin to impact USAC sales by this month. The production of
antimony for May was significantly more than the sales.
Additional equipment has been installed to increase the gold
production from Australian concentrates. These additions will
facilitate the silver and gold from Los Juarez production in the
future. Permits for Los Juarez have been prepared and are expected
to be filed in June. Semarnat (Mexican equivalent of the EPA) will
have 60 days to respond to them. A significant silver and gold
shipment will be made this month from North American sources.
CEO John Lawrence said “the increase in the price of antimony is
coming at a time when zeolite sales are surging and the increase in
income should help to fund the Los Juarez leach plant to expand
silver and gold production.”
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160606005158/en/
United States Antimony CorporationJohn Lawrence,
406-827-3523
United States Antimony (AMEX:UAMY)
Historical Stock Chart
From Mar 2024 to Apr 2024
United States Antimony (AMEX:UAMY)
Historical Stock Chart
From Apr 2023 to Apr 2024