U. S. Antimony Announces Mexican Mill-site
THOMPSON FALLS, Mont.-(Business Wire)-September 21, 2009 - United States Antimony Corporation (“USAC”, OTCBB “uamy.ob”), announced it has leased a mill-site called “Cal Los Arcos” in Queretaro, Mexico. The mill-site is convenient to USAC’s Mexican antimony and silver properties as well as its Mexican antimony smelter. The mill-site also has the proper permits and licenses to construct and operate an antimony mill. USAC’s prefabricated flotation mill will be transported from Montana and assembled in Mexico to begin an initial production of 150 tons of feed per day in early 2010. USAC anticipates that each ton of mill feed may contain eight ounces of silver and forty pounds of antimony. The mill-site offers USAC the potential to increase mill capacity several-fold in the future.
Meanwhile, USAC’s newly commissioned Mexican smelter continues to attract ore from other mines in Central America, Peru, and Mexico. A third furnace for Mexico is being constructed in Montana for larger anticipated volumes in 2010.
John Lawrence, USAC’s Chief Executive Officer, said, “In addition to the mill’s impact on antimony revenues, the Cal Los Arcos mill will provide a similar value in silver with minor amounts of gold as an antimony ‘by-product.’” In view of recent Chinese announcements of increased antimony consumption and reduced exports, North American antimony users have shown a keen interest in USAC’s increased production of antimony oxide (a flame retardant, opacifier, and catalyst) and antimony metal (automotive bearings and ordinance). Many of these interested companies have purchased USAC’s products in the past and have already approved the products.
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. 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.
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