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..
Following are the sales estimates for May 2017:
Product / May 2017Antimony pounds North America / 102,820
Antimony pounds Mexico / 64,578
Total antimony sales / 167,398
Zeolite tons / 1,152
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 Lawrencesaid “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.”
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, pendingcontracts 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.